From the longtime New York Times economics correspondent, a closely reported argument for the continuing importance of industry for American prosperity In the 1950s manufacturing generated nearly 30 percent of U.
income.
Over the past fifty-five years that share has gradually declined to less than 12 percent at the same time that real estate, finance, and Wall Street trading have grown.
While manufacturing's share of the U.
economy shrinks, it expands in countries such as C.