Tuesday, November 29, 2016

KRUGMAN: No matter what Trump does, manufacturing jobs are not coming back to the US

Paul Krugman, the Nobel prize winning economist and New York Times columnist, took to Twitter on Friday to address the state of the US labor market and promises by President-elect Donald Trump to being 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 U.S. manufacturing is basically one of high productivity growth allowing demand to be met with ever fewer workers," ...
http://www.businessinsider.com/krugman-tweets-on-manufacturing-labor-market-jobs-donald-trump-2016-11


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