Saturday, January 21, 2012

Manufacture Productivity Costs Jobs

Manufacturing productivity has been increasing over the past half century in the U.S., especially in recent years, so much so that manufacturing total jobs numbers have been relatively flat.

That is good for the U.S. economy in relation to the rest of the world’s economic activity. After all, America is primarily an export nation that depends on free trade and must be competitive to survive.

But such productivity also makes it tougher to add to the employment roles unless the labor force can accommodate business’ expansion requirements.

That requires an educational system that helps students prepare to make a good living, not sit around for four years with social niceties. (See the Earl J Weinreb NewsHole® comments.)

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