April 19, 2006 – The devastation caused by the loss of American manufacturing jobs can be seen across a variety of industries. A recent article in the Washington Times profiled Five Rivers Electronic Innovations, the last domestically owned TV maker in the U.S., to show the harm caused by the loss of U.S. jobs to cheap production overseas.
Foreign goods accounted for roughly 15 percent of the manufactured goods consumed in the U.S. in 1982. That number was up to 25 percent by 1992 and today sits at about 33 percent.
Read the entire Washington Times article at the World Peace Herald.