Your guests provides some much needed perspective on the plight of the nation’s current working class. However, she doesn’t have a very firm grasp of market economics.
As such, she presents a number of myths. The key myth is that manufacturing has been in decline—that is just wrong. Manufacturing output has been growing steadily—USA is st…
Your guests provides some much needed perspective on the plight of the nation’s current working class. However, she doesn’t have a very firm grasp of market economics.
As such, she presents a number of myths. The key myth is that manufacturing has been in decline—that is just wrong. Manufacturing output has been growing steadily—USA is still a leading manufacturer. However, the relative number of jobs in the manufacturing sector has declined relative to all jobs.
Despite this relative decline many manufacturing jobs go unfulfilled. The challenge is that today’s manufacturing jobs tend to be higher skilled but well paying. The manufacturing jobs that have and are disappearing are low-wage, low skilled or no skilled jobs that were plentiful in the 50s and 60s but not so much now.
I do think she has a point about how uncontrolled immigration puts pressure on the remaining low-wage, low-skilled jobs as well as on housing and food costs. However, these issues are policy issues reflecting government intervention in the economy—e.g. restrictions on building new homes or green regulations have limited the supply of housing, driving down availability and driving up price.
Your guests provides some much needed perspective on the plight of the nation’s current working class. However, she doesn’t have a very firm grasp of market economics.
As such, she presents a number of myths. The key myth is that manufacturing has been in decline—that is just wrong. Manufacturing output has been growing steadily—USA is still a leading manufacturer. However, the relative number of jobs in the manufacturing sector has declined relative to all jobs.
Despite this relative decline many manufacturing jobs go unfulfilled. The challenge is that today’s manufacturing jobs tend to be higher skilled but well paying. The manufacturing jobs that have and are disappearing are low-wage, low skilled or no skilled jobs that were plentiful in the 50s and 60s but not so much now.
I do think she has a point about how uncontrolled immigration puts pressure on the remaining low-wage, low-skilled jobs as well as on housing and food costs. However, these issues are policy issues reflecting government intervention in the economy—e.g. restrictions on building new homes or green regulations have limited the supply of housing, driving down availability and driving up price.