Since 1980, productivity improvements in manufacturing have moved the United States from a position of acute decline in manufacturing to one of world prominence.

自1980年以来，制造业生产率的提高已使美国从制造业急剧衰退的境地成为世界瞩目的国家之一。

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The decline started in the 1950s, when manufacturing generated a sturdy 28% of the national income, or gross domestic product, and employed one-third of the workforce.

衰退始于20世纪50年代，当时制造业创造了28%的国民收入（国内生产总值），并且雇佣了三分之一的劳动力。

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Morgan Stanley forecasts that the amount of cash in European makers’ manufacturing operations will decline by euro 34 billion this year.

Morgan Stanley预测今年欧洲制造商的生产业务资金总额将会下滑340亿欧元。

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The decline of manufacturing and the rise of services should be helping to reduce volatility, because demand for services is usually more stable than demand for manufactures.

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The decline of manufacturing has not meant slow growth, however.

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The decline of manufacturing, the rise of high tech, and the profound changes in technological landscape are behind the shift away from a demand for less educated workers toward those more educated.

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