Staying Rich Without Manufacturing Will Be Hard

Noah Smith for Bloomberg View:  Discussions about manufacturing tend to get very contentious. Many economists and commentators believe that there’s nothing inherently special about making things and that efforts to restore U.S. manufacturing to its former glory reek of industrial policy, protectionism, mercantilism and antiquated thinking.

But in their eagerness to guard against the return of these ideas, manufacturing’s detractors often overstate their case. Manufacturing is in bigger trouble than the conventional wisdom would have you believe.

One common assertion is that while manufacturing jobs have declined, output has actually risen. But this piece of conventional wisdom is now outdated. U.S. manufacturing output is almost exactly the same as it was just before the financial crisis of 2008:  Full Article:

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

Bitflow is the leader in CoaXPress

Bitflow is the leader in CoaXPress

With the introduction of its Cyton and Karbon CXP frame grabbers, BitFlow has established itself as the leader in CoaXPress (CXP), a simple, yet powerful, standard for moving high speed serial data from a camera to a frame grabber. With CXP, video is captured at speeds of up to 6.25 Gigabits/Second (Gb/S). Simultaneously, control commands and triggers can be sent to the camera 20 Mb/S (with a trigger accuracy of +/- 2 nanoseconds). Up to 13 W of power can also supplied to the camera. All this happens over a single piece of industry standard 75 Ohm coaxial cable. Multiple CXP links can be aggregated to support higher data rates (e.g. four links provide 25 Gb/S of data). BitFlow CXP frame grabbers open the door to applications where cable cost, routing requirements and long distances have prevented the move to high resolution, high speed digital cameras. In many cases, existing coaxial infrastructure can be repurposed for CXP with very low installation costs.