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> From an economic perspective, however, there can be no revival of American manufacturing, because there has been no collapse. Because of automation, there are
by croon 10y ago
> From an economic perspective, however, there can be no revival of American manufacturing, because there has been no collapse. Because of automation, there are far fewer jobs in factories. But the value of stuff made in America reached a record high in the first quarter of 2016, even after adjusting for inflation. The present moment, in other words, is the most productive in the nation’s history.
Pay no attention to the top % - that reaps all that benefit of that automation, and widening the wealth disparity chasm - behind the curtain.