Manufacturing could rebound without employing many people
Automation makes cheap labor less crucial to producers
President Donald Trump is pushing to revive American manufacturing and bring back U.S. factory jobs. He may be able to deliver on half of that goal.American manufacturing could be poised to rebound as technological disruption shakes up global production chains, but that will offer little relief to displaced factory workers, according to new research by the McKinsey Global Institute.For years, companies have searched for cheap labor, shipping production jobs out of advanced nations and toward their developing counterparts. Now, McKinsey sees conditions […]
Full Post at www.bloomberg.com