In the 1950s, when Japan and much of Europe was in ruins, the U.S. accounted for 50% of the world’s global production. By the 1960s, this was 35%, declining to 25% by the 1980s. By 2025, the U.S. share of global production had fallen to 12% as production grew elsewhere. (itif.org, Feb. 18)
The ca
US: let’s automate! Then maybe we can have industry.
Meanwhile in China:
Annual industrial robots installed in top 5 countries; China dominates the rest combined.