WASHINGTON — Economies don’t necessarily have less growth or higher income inequality as factory jobs become more scarce, the International Monetary Fund said.
Manufacturing’s share of employment has been declining in advanced economies for almost five decades, the IMF said Monday in an analysis that’s part of its latest World Economic Outlook.
The fall in factory employment has worried some economists and policymakers, who often see manufacturing as a key catalyst for a nation’s productivity growth and a solid source of good-paying jobs for lower-skilled workers.President Donald Trump has said he would revive the U.S. manufacturing sector and bring back jobs […]
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