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.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Staubli TX2-60 Industrial Robot

Staubli TX2-60 Industrial Robot

TX2 robots: redefining performance by offering collaborative safety and high performance in a single machine. These pioneering robots can be used in all areas, including sensitive and restrictive environments, thanks to their unique features. Safety functions are easy and inexpensive to implement. They allow a higher level of interactions between robots and human operators, while still guaranteeing protection of your people, production and investment.