Strengthening Constitutional Self-Government

No Left Turns

Manufacturing decline?

This article in the London based The Economist notes that much is being made of the decline of manufacturing jobs in the industrial countries. It is a big deal in Europe, but an even bigger issue in the U.S. There is a lot of jawboning going on. Something should be done, especially about China. The Economist claims that this doesn’t square with the facts. Many things have to be considered, including efficiency: U.S. manufacturing has doubled in the last thirty years. This testimony before the Senate Finance Committee by the Hoover Institution economist Robert E. Hall speaks to the issue by recounting the evolution of U.S. manufacturing. I am not claiming to understand all this, but I am paying attention.

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