Full Employment Requires Job Growth in Manufacturing, Reduction in Trade Deficit
Roll Call
Output growth at the nation’s factories has [...] been weak since 2000. And though automation undoubtedly has displaced some workers in manufacturing, research suggests that persistent trade deficits and America’s decline as a location for production have accounted for much of the sector’s job loss. Boosting exports or reducing imports enough to bring trade into balance would generate 4.2 million jobs directly and another 2.1 million jobs indirectly.
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