Susan Houseman on Manufacturing
EconTalk
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The Trade-Offs of Manufacturing and Technology
This chapter examines how foreign inputs and offshoring affect American manufacturing productivity, revealing that price drops from foreign materials are often not reflected in productivity data. It argues for a deeper understanding of the interplay between trade, technology, and job displacement, challenging perceptions that attribute manufacturing job losses to a single cause. Additionally, the chapter discusses the societal implications of rapid economic changes and the importance of adapting education and policy to support affected communities.
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