One Stat Shows America’s Shift From Manufacturing Cars To Manufacturing Nerds

Todd Fisher hugs an R2-D2 robot near an empty chair for his late sister, actress Carrie Fisher. [Photo: DAVID MCNEW/AFP/Getty Images] The U.S. automobile manufacturing industry has taken a backseat to Silicon Valley, as the top three tech companies had almost the same revenues in 2014 as the Detroit’s Big Three did in 1990, according to a McKinsey Global Institute report.

The American automakers — General Motors, Ford, and Chrysler — needed 1.2 million people to produce revenues of $250 million. In contrast, the biggest corporations in Silicon Valley, the colloquial term for the region and people within the tech […]

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.