By: Penny Starr read more Source:
Posts Tagged: manufacturing
Goldman Sachs: Sorry, U.S. manufacturing isn’t coming back
One of the hottest trend stories in recent years has been the idea that U.S. manufacturing is on the verge of a sustained, permanent comeback. Labor costs in China are rising, while U.S. energy costs are dropping. So, the logic goes, companies will return home. Charles Fishman dubbed it “The Insourcing Boom.” The only problem?… Read more »
This chart will change how you think about manufacturing
This chart, contained within slides of a presentation by Robert Z. Lawrence and Lawrence Edwards promoting their new book “Rising Tide: Is Growth in Emerging Economies Good for the United States?,” is quite something. What this shows is that the decline in manufacturing as a share of overall employment has been ongoing since the 1960s… Read more »
St. Louis Fed Report Finds Imports, Not Exports, the Lifeblood of U.S. Manufacturing
A new report published in the Federal Reserve Bank of St. Louis Review provides strong evidence that the Administration’s obsessive focus on boosting exports as a way to help U.S. manufacturers is just plain wrong. The study debunks the idea that changes in either imports or exports affect growth in manufacturing. Instead, both exports and… Read more »