Catch 22: Higher productivity cancels out more manufacturing jobs

Catch 22: Higher productivity cancels out more manufacturing jobs

Dockworkers strike at the Bayport Container Terminal in Seabrook, Texas, on Oct. 1, 2024. The union, the International Longshoremen’s Association, representing 45,000 striking U.S. dockworkers at East and Gulf coast ports reached a deal Oct. 3 to suspend a three-day strike until Jan. 15 to provide time to negotiate a new contract. (Mark Felix/AFP via Getty Images/TNS) “Foreign nations will be worried about losing their jobs to America,” former president Donald Trump declared at a rally in Savannah, Ga., last month, promising a “manufacturing renaissance” by walling off U.S. markets with high tariffs and punishing American companies that make […]

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