One benefit of the political debate about trade is that it led to an overdue discussion of manufacturing.
But after more than a year of politicking, I’m afraid there’s still a great deal of confusion about the industry and its future. To help clear things up I’ll begin with a parlor trick.
Pick the year you think manufacturing production peaked in the U.S. or Indiana. Some of you will say 1928, 1945, 1975 and sometimes even 1999.The correct answer, of course, is 2015. Yes, inflation-adjusted manufacturing production peaked both in the U.S. and Indiana in 2015, replacing 2014 as the record […]