Loss of manufacturing jobs
Robert Reich, Secretary of Labor under Clinton has a short comment on the loss of manufacturing jobs. Since 1995 some 22 million manufacturing jobs have dissappeared in 20 large ececonomies. It turns out that Japan has lost about 16% of its manufacturing jobs, China about 15%, Brazil lost about 20% (the US has lost about 11%). Why? Productivity.
4:35 PM / November 9, 2003
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