(Photo: Photo provided by Ball State University) This year marks the 40th anniversary of peak factory jobs in the United States. These jobs have been in nearly steady decline ever since. Something close to this trend has occurred throughout the developed world for a half century. At the same time, manufacturing production hit a new record in 2015. This is true no matter how you measure it; the inflation-adjusted value of goods produced, the quantity-adjusted chain indices or value-added measures. Now, admittedly the data isn’t in yet, but it is likely 2016 will have displaced 2015 as the record […]
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