STP @ 29: Maybe the science Nobels have reflected in some way the economics of the home countries of the scientists in the past, since so many were American, but that relationship is broken NOW. Look around your house and, for anything you acquired in the last ten years, see if it was manufactured in the US, or how much of it was manufactured in the US. That is my evidence. Some stuff may be built by American companies, but in Chinese plants, or from Chinese-made components. This is not a small effect. Outside of automobiles, which Congress mandated *must* have x% American content, and houses that are still (and archaically) stick-built (by illegal Hispanics working at half or less of previous union wages, most likely), only some niche products in this or that industry are still built in the US, until there is call for sufficient quantity that manufacture is moved offshore.

I call that structural.

Name me a single major industry that manufactures half or more of any physical goods in the US.