A new analysis from the MAPI Foundation, the research affiliate of the Manufacturers Alliance for Productivity and Innovation, finds an alarming downward trend for U.S. export growth to Asia since 2009, leaving an uncertain future for the U.S. to regain its trade prominence.
The success of our free enterprise system over the past century—buoyed by the tremendous capacities of the industrial sector—has helped create a far wealthier and healthier society. In the span of one century in America, per capita income grew 358%, from $9,375 (in today’s dollars) to $43,000. More affluence means better healthcare and nutrition: the average life expectancy at birth grew 44%, from 55 to 79.
I very much doubt if the great poets, who have often written so eloquently about the transition from winter to spring, ever checked the GDP data before putting pen to paper. This morning they might have. There was a little bit of poetry in the way that the U.S.
While the SEC frequently uses the word “reasonable” to describe the conflict minerals reporting process, the slog of paperwork and Sherlock Holmes–level detective skills required for manufacturers to comply with Dodd-Frank can feel anything but reasonable.