PhD Blog (dot) Net
Andre Pusey
Ketelaars | Inkoop en verkoop van melkmachines
the mood i'm in | could be worse
Trump, trade and technology Michael Roberts blog post 10/12/2016
The biggest reason Trump — or anyone else — can’t bring back home these manufacturing jobs is because they have been lost in large part to the success of efficiency. Manufacturing output in the US was at an all-time high in 2015. Over the past three-and-a-half decades, manufacturers have created more than seven million jobs while producing more stuff than ever.
The Economic Policy Institute (EPI) reported in The Manufacturing Footprint and the Importance of U.S. Manufacturing Jobs that “If you try to understand how so many jobs were created, the answer that you come up with over and over again in the data is that it’s not trade that caused that — it’s primarily technology,”…Eighty percent of increase jobs were not replaced by workers in China, but by machines and automation. That is the first problem if you slap on tariffs. What you discover is that American compa
PhD Blog (dot) Net
Andre Pusey
Ketelaars | Inkoop en verkoop van melkmachines
the mood i'm in | could be worse