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If you want to see a renaissance of manufacturing employment, then headcount is clearly the metric that matters. The fact is that offshoring of manufacturing w
by jjk166 3y ago
If you want to see a renaissance of manufacturing employment, then headcount is clearly the metric that matters.
The fact is that offshoring of manufacturing was a myth - the jobs never left, the industries just transformed in such a way that old, labor intensive processes were eliminated. Those jobs, and the economic prosperity they brought, are never coming back. It's merely a coincidence that at around the same time US manufacturers were computerizing their operations China was building 1920s level industrial facilities.
Certainly none of the data is indicative of a sudden boom in US manufacturing in the past 2 years which could be attributable to any recent decisions or events.