According to the News Wire, since 2000: a. manufacturing output has (Click to select) b. manufacturing...

   

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According to the News Wire, since 2000: a. manufacturing output has (Click to select) b. manufacturing employment has (Click to select) c. manufacturing productivity has (Click to select) (Hint: Productivity = total output = number of workers) BILLIONS OF 2005 $ $4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 O 1975 1977 1979 Copyr McGraw-Hill Education. Permission required ction or display. U.S. MANUFACTURING: OUTPUT VS. JOBS SINCE 1975 Manufacturing Jobs Manufacturing Output 1981 1983 1985 1987 1989 Source: U.S. Bureau of Labor Statistics. NEWS WIRE: MANUFACTURING: FEWER JOBS, MORE OUTPUT Source: U.S. Bureau of Labor Statistics. 2005 2007 2009 2011 2013 2015 2017 2019 U.S. Manufacturing: Output vs. Jobs Since 1975 Since 1975, manufacturing output has more than doubled, while employment in the sector has decreased by 31 percent. While these American job losses are indeed sobering, they are not an indication of declining U.S. competitiveness. In fact, these statistics reveal that the average American manufacturer is over three times more productive today than it was in 1975-a sure sign of economic progress. 25,000 20,000 15,000 10,000 5,000 O EMPLOYMENT (1000's) According to the News Wire, since 2000: a. manufacturing output has (Click to select) b. manufacturing employment has (Click to select) c. manufacturing productivity has (Click to select) (Hint: Productivity = total output = number of workers) BILLIONS OF 2005 $ $4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 O 1975 1977 1979 Copyr McGraw-Hill Education. Permission required ction or display. U.S. MANUFACTURING: OUTPUT VS. JOBS SINCE 1975 Manufacturing Jobs Manufacturing Output 1981 1983 1985 1987 1989 Source: U.S. Bureau of Labor Statistics. NEWS WIRE: MANUFACTURING: FEWER JOBS, MORE OUTPUT Source: U.S. Bureau of Labor Statistics. 2005 2007 2009 2011 2013 2015 2017 2019 U.S. Manufacturing: Output vs. Jobs Since 1975 Since 1975, manufacturing output has more than doubled, while employment in the sector has decreased by 31 percent. While these American job losses are indeed sobering, they are not an indication of declining U.S. competitiveness. In fact, these statistics reveal that the average American manufacturer is over three times more productive today than it was in 1975-a sure sign of economic progress. 25,000 20,000 15,000 10,000 5,000 O EMPLOYMENT (1000's)