President Trump likes to blame trade, immigration, and over-regulation for job losses in the American heartland. But that’s generally not how economists see it. They say machines are a more important reason why companies don’t employ people like they used to. In several industries, like steel, industrial output is as high as it’s always been. It’s just that manufacturers need less labor to do the work. “Almost 88 percent of job losses in manufacturing in recent years can be attributable to productivity growth,” one recent study by economists at Ball State University said.
If it’s true that automation is more […]
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