Reply To: US-China Trade Relations

#21465

Was it outsourcing that was responsible for the decrease in manufacturing jobs from the early 80’s-2010? Or is it true that the decline in manufacturing jobs is due more to automation?

What sorts of jobs have replaced them in that time?

Also, is manufacturing more sensitive to the business cycle than other sectors? If so, why? Because of the malinvestment resulting from misjudgments of consumers’ time preferences?