Ignore the drumbeat for the need to rescue the U.S. manufacturing sector. Manufacturing is not dead; far from it. Manufacturing has long buttressed the U.S. economy in myriad ways, and it seems poised to continue.
What’s changed about manufacturing is not output, but employment. It’s true, the industry has lost millions of jobs, but manufacturing output has surged at the same time and is approaching record levels, according to data from the Federal Reserve Bank of St. Louis.
How does that happen? With thanks to automation, technology, 3D printing, artificial intelligence, the Internet of Things (IoT), and robotics. And yes, that […]
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