"How much manufacturing did that deficit displace? . . . a rough number would be 60 percent for manufactured content; so we’re talking about $360 billion.
"Then, employment: value added per worker in manufacturing is approximately $175,000. So this should translate into a bit over 2 million jobs."
Thing is, we're down 6 million mfg jobs since 1990 . . . and 7M since 1980.
People say improved productivity should result in fewer mfg jobs, but why the hell not just make more stuff??
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http://nyti.ms/29fkZef
Thing is, we're down 6 million mfg jobs since 1990 . . . and 7M since 1980.
People say improved productivity should result in fewer mfg jobs, but why the hell not just make more stuff??