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He didn't say manufacturing output but jobs, a more relevant number for that argument would be total labor cost in the sector and it's change over time between
by rubber_duck 6y ago
He didn't say manufacturing output but jobs, a more relevant number for that argument would be total labor cost in the sector and it's change over time between two countries.
- tchaffee 6y agoThat's not such a relevant number because plenty of those US jobs went to automation, not to China. There are still over 12 million manufacturing jobs in the US. About 8% of all US jobs which is a significant chunk. Easily disapproving the wild exaggeration that "all of the manufacturing jobs are in China... ".