captain america factory worker (Robert Galbraith/Reuters)
Paul Krugman, the Nobel-winning economist and New York Times columnist, took to Twitter on Friday to address the state of the US labor market and President-elect Donald Trump’s promises to bring back manufacturing jobs.
To Krugman, the decline in manufacturing employment in the US isn’t because of outsourcing, but rather a decades-old feature of the industry."The story of US manufacturing is basically one of high productivity growth allowing demand to be met with ever fewer workers," Krugman wrote .Krugman is essentially arguing that the manufacturing sector hasn’t added jobs to the labor market in years […]
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