Industrial jobs

President Trump complained – rightly – about the disappearance of industrial jobs  He – wrongly – blamed China for this disappearance. As the New York Times note – correctly – the computer and automation is the real culprit and the place where we need to begin looking for solutions. There is a real problem and Trump’s election is a symptom of the problem. There is nothing to be gained by a wild goose chase after a solution to the nonexistent problem of China

“Trade with China cost the United States about a million factory jobs from 2000 to 2007, according to one recent study. But automation and increased efficiency is a much larger reason that factory employment has declined. American industrial output is actually at the highest level in history. It’s the jobs that have gone away.”
Binyamin Appelbaum, Economic Policy reporter

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s