Manufacturing's Productivity Myth
Justin Fox for Bloomberg: The U.S. manufacturing sector is far from the basket case it is sometimes made out to be on the campaign trail. But it's important to realize that it isn't exactly going gangbusters, either.
The everything's-OK line about U.S. manufacturing goes something like this: Yes, lots of manufacturing jobs (7.3 million, to be precise-ish) have been lost since employment in the sector peaked in 1978, but real manufacturing output is at an all-time high. So the manufacturing sector is doing fine -- it's just that thanks to automation and other technological advances it has gotten much more productive and thus doesn't need as many workers. Cont'd...
Comments (0)
This post does not have any comments. Be the first to leave a comment below.
Featured Product
Optimizing Processes For Food and Beverage Industry Webinar
Compressed air is used in nearly all industry types within the manufacturing sector. Since it is also one of the most expensive resources in the manufacturing environment, optimizing your compressed air system for specific applications is beneficial.
This webinar will focus on applications in the Food and Beverage Industry. We'll highlight the benefits of employing an intelligent compressed air solution for tasks ranging from simple liquid spill clean-up to more complex packaging and labeling applications. We'll also look at more innovative solutions with an automation twist to perform product movements and rejections based on quality control inputs.
We will discuss several examples from the food and beverage industry to highlight these benefits and show their universal nature for other sectors.
Register for Webinar on May 14 at 2:00 pm https://exair.co/184_sweb25em
