The Persistence of Manufacturing in Deindustrialized America ,Harvard Economics Review, August 2016
Harvard Economics Review, August 2016 Over the past three decades, the American manufacturing has been characterized by a marked decline in employment rates. We hear much about deindustrialization and the outsourcing of production leading to an almost wholesale relocation of American labor-intensive industries to lower-wage areas in the developing world. By the end of 2012, the sector had lost approximately 8 million jobs since its 1979 peak, leaving manufacturing in a series of deep crisis […]