As you've meanwhile figured out, those are figures for the whole of the economy, including services which are massively distorting the picture and have blinded most people (including Mr Trump). To put it very simple: all the software packs Microsoft are selling increase the GDP of the US for hardly any work at all (it's just an electronic copy downloaded), yet that economic output hides the low output per manhour the US factories in statistics.
Try digging up figures for manufacturing only and you'll see why the US has a much harder time competing against lower cost countries like Mexico, than for instance Germany has in competing against fellow EU low cost country Bulgaria...
The bottom line must make sense for a global manufacturing basis to survive:
( wage per hour x production output per hour ) - transportation costs
Competing with lower wage countries IS possible but you need to be efficient: it doesn't help if you're producing in plants from the 1990s, stocking up goods in warehouses from the 1970s and transporting them along roads and railways from the 1960s...
Lets look at actual facts for manufacturing:https://fas.org/sgp/crs/misc/R42135.pdf
1. USA number 2 in world in manufacturing value added
2. Investment in Manufacturing Fixed Capital as Share of GDP is HIGHER in USA vs France, NL, Uk, and therefore most EU nations. Germany is higher, I agree.This goes directly to your point about investment in capital.If US invests more in manufacturing capital than most EU nations and therefore the EU, then this directly contradicts what you said.
I suggest you read the document through carefully, or alternatively just the summary at the beginning....
Very telling and fully in line with what I've been saying: US share in global manufacturing declining not just by the advent of countries like the PRC: US output growth slower than other countries, lower investments in innovation comparted to other countries, eroding relative productivity edge, dropping output per labour hour even (together with the UK, that other country which angrily threw its toys away with Brexit), ...
Yes, the US manufacturing is still strong, but it's facing a real treat of being overwhelmed in future as this report shows once again: closing off the US economy to protect it is not the long term solution: investment, innovation and education is.
Again, I am being being specific and you go on these broad journeys. Let me repeat
, you said the EU invests more in manufacturing capital than the USA. The paper clearly shows that only Germany does. So not sure why you cannot admit you were wrong on this point. It's irrelevant whether productivity output has been growing more slowly recently, as this was not the claim I debunked. I even said you were right for 2010-2016 period.
You also just espoused another incorrect statement, that the US has "lower investments in innovation comparted to other countries." This is 100% false
and can easily be substantiated by R&D spending as a % of GDP:https://en.wikipedia.org/wiki/List_of_c ... t_spending
^US spends DOUBLE the EU per capita amount in R&D, and more as a % of GDP than either China or EU. In fact, China is ahead of the EU, so quite frankly you should be a little more worried about yourself. As a Spanish citizen, I am ashamed of these Spanish numbers--- 1.1%! This tells me their little boom will not last long term.