I read a paper that said value created down everywhere except computer equipment. And even then that's probably an accounting fiction. The US is employing less people in manufacturing and we're making less stuff across the board.
The US makes me think of a description by a GI of a German Army surrendering at the end of WWII. First there was the top echelons, generals, their staff. Along with their wives and mistresses. Followed by the troops and equipment assigned to protect HQ. All in a state of perfect order. Followed by a rump army of totally broken men. And then nothing.
If you occupy the right position in US society you can believe everything is fine. If your a smart kid from a formerly working class family in Ohio, you know by the age of 12 that you need to escape.