Look at the incredible decline of manufacturing across a wide variety of industries in the figure below. Nearly 7.5 million jobs lost, just since 2011. Devastated communities. Factories shuttered. Millions of older, lower-skilled workers out of work. A rise in inequality. Jobs going overseas.
“The future is bleak and hopeless if we continue like this,” said one worker.
…“This eventually leads to serious social problems, such as higher rates of unemployment and increased crime and social unrest. Nations with socially polarised work forces also suffer from political instability.”
And now for the rest of the story (non-paywalled or go to the comments.)
The post The Decline of Manufacturing appeared first on Marginal REVOLUTION.
Intel is set to cut over 21,000 people, or roughly 20% of its workforce, with…
What do you like about the way you look? Last week, we asked that question,…
Wealth and health are closely intertwined, especially here in the US, where the high cost…
The odd effects of special relativity can be harnessed to build quantum computersYuichiro Chino/Getty Images…
It’s all about nature and is both simplistic and beautiful. Each puzzle is made from…
A Social Security “war room,” threats to shut the agency, worker buyouts and a restraining…