A U.S. manufacturing renaissance won't create many good jobs—just look at Germany, S. Korea and China, Harvard economist says
==========

Harvard economist Dani Rodrik argues that a U.S. manufacturing renaissance will not create many jobs, citing examples from Germany, South Korea, and China. Rodrik points out that while U.S. manufacturing productivity has surged, employment in the sector has declined, with 6 million manufacturing jobs lost since 1980. Despite efforts by the Biden administration to encourage domestic production, manufacturing's share of non-farm employment has continued to decline. Rodrik suggests that services such as retail and care work will remain the primary engine of job creation.

#Manufacturing #Jobs #Economy #UsManufacturing #DaniRodrik #Germany #SouthKorea #China #Productivity #Employment #BidenAdministration

https://fortune.com/2024/04/21/us-manufacturing-jobs-economy-chips-act-ira-joe-biden-donald-trump/