Category Archives: Economics

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