Does the number of manufacturing firms far exeeds the number of service firms?

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2026-03-16 08:25

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The number of people employed in the United States in the manufacturing of goods has been declining for decades. Two of the biggest reasons for the loss of manufacturing jobs has been the outsourcing of work to low wage countries and the increased use of robots to perform tasks previously done by humans. According to the Bureau of Labor Statistics only one in six of all employees in the private sector are employed in manufacturing. The United States has gradually become a service oriented economy and thus the number of service firms greatly exceed the number of manufacturing firms.

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