For all the talk of decline in the US, consider the following:

  1. As of 2009, US GDP was $14.1 trillion, compared to the world’s GDP of $57.8 trillion (nearly 25% share of global GDP despite having only 4% of the population)
  2. The US has an annual industrial production of $2.8 trillion, larger than Japan and China combined
  3. US businesses consistently have the highest margins in the world, due to innovation, productivity, and entrepreneurism.

While we send jobs overseas, they tend to be low paying in nature.  Historically, we have created new opportunities and educated workers to move up the value chain.