Who will be harmed by de‐industrialization?

The de‐industrialization of the United States has been foretold by many prophets of gloom. It is true that in the past three years the economy has dramatically shifted from the production of goods to services. Nevertheless, the production of manufactured goods, as a percent of Gross National Product (GNP) has actually grown during the past decade. The reality is the U.S. de‐industrialization problem does not lie in output but in employment.