The Role of Manufacturing in a Jobs Recovery
11/01/2014 - 06/01/2014
Senior Economist Susan Houseman was commissioned to write a paper on the role of manufacturing in a jobs recovery. Although most agree that the sharp decline in manufacturing employment has significantly contributed to the jobs problem currently facing the U.S. economy, there is little consensus that a resurgence in U.S. manufacturing can be part of the solution; economic statistics generally point to a healthy sector, leading many to conclude that steep job losses are the inevitable result of labor-saving technology. Dr. Houseman argues that this conventional wisdom reflects a fundamental misunderstanding of what the data measure and what they mean and that improving the competitiveness of the U.S. as a location for production is integral to a jobs recovery.
Center for Budget and Policy Priorities
INTERNATIONAL ISSUES; Globalization; ECONOMIC DEVELOPMENT; Industry studies