Manufacturing is well, but jobs are not 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 US 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 […]
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