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10 Industries the US No Longer Rules

We're No. 2! We're No. 2!

By 247wallst,  Newser User

Posted Feb 3, 2011 10:18 AM CST | Promoted on Newser Feb 3, 2011 2:17 PM CST

(User Submitted) – When it comes to business, Americans have long been used to being on top—but oh, how the mighty have fallen in some arenas. 24/7 Wall Street breaks down the top 10 industries in which "Made in the USA" doesn't dominate as it once did:

  • Autos—High labor costs and falling market share have put mighty Detroit behind Japan, the home to Toyota, Honda, Nissan, and Mazda.
  • Coal—China now pulls about three times more of the black stuff out of the ground than we do.

  • Beer—The US hit its pinnacle in 2000. From 2000 to 2009, however, China roughly doubled its production to take the No. 1 spot.
  • Lettuce—Again, the US is No. 2, with China producing about three times as much roughage.
  • High-tech exports—China produced approximately $381 billion worth of high-technology exports in 2008, while the US produced $231 billion. Between 2005 and 2008, China's output increased by 78%. America's increased by only 21%.
Read the full article.

File photo of a worker at a Volvo plant in Virginia.
File photo of a worker at a Volvo plant in Virginia.   (AP)
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COMMENTS
Showing 3 of 30 comments
hopeandchange
Feb 6, 2011 9:10 AM CST
the USA no longer rules any industry that actually requires work.
NoddaAndYou
Feb 4, 2011 1:16 PM CST
When you look at the difference in population, and thus production capability, the more modernized China becomes, the more likely it is to outproduce EVERYONE.
BootsyInTheMiddle
Feb 4, 2011 11:09 AM CST
24/7 Wall Street posted it's own article. How convenient. Oh no! China's beating us at growing lettuce, rice, pigs and extracting coal! They have over 700 million people more than we do. They probably have a bigger market for underwear too! Oh no! The Chinese are kicking our asses in underwear consumption! What a load of shit. Here's a fact: the total Chinese value contribution to the price of an iPhone is 4%. That is why the market value of Foxconn (the company that makes Apple products - you know...the place where workers are literally killing themselves) is under $6 Billion and Apple is worth north of $300 Billion. Don't believe the hype.

 
business • beer • US exports • big business

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