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Nairaland Forum / Nairaland / General / Business / America Has Entered A Manufacturing Super Cycle - Axios (324 Views)
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America Has Entered A Manufacturing Super Cycle - Axios by Obrigardo: 9:14pm On Jul 20, 2023 |
Analysts now say the U.S. has entered a 'manufacturing supercycle' that has 'gotten the attention of the world.' Per Axios, "As of April, spending on manufacturing construction — new factories — is tracking at a $189 billion annual rate, triple the average rate in the 2010s ($63 billion)." The piece notes that "these industrial facilities tend to create high-wage jobs, which could put sustained upward pressure on wages across the economy." https://www.axios.com/2023/06/16/manufacturing-supercycle It's easy to get so caught up in month-to-month economic data that you miss a longer-term trend emerging before your eyes.
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Re: America Has Entered A Manufacturing Super Cycle - Axios by Obrigardo: 7:43pm On Jul 28, 2023 |
Ever since this article American economy has shot up to records high. Green everywhere. |
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