3 ms·
Another way to phrase jobs being exported is the rise in imports of partially completed goods for final assembly locally. This is how the USA "manufacturing out
by jerkstate 6y ago
Another way to phrase jobs being exported is the rise in imports of partially completed goods for final assembly locally. This is how the USA "manufacturing output" continues to go up while employment goes down - we no longer smelt steel, cast parts, weave textiles, pick-n-place electronic components, etc in the amount that we used to. Those things are done overseas where environmental and worker regulations are laxer and then the parts are imported for final assembly, and then in many cases re-exported.
Data to back this argument up is available on FRED if you're interested.