Manufacturing will not be jobs engine in US – St Louis Fed study
Authors say periods of rising productivity in sector have been accompanied by drops in employment
Manufacturing is unlikely to become a major jobs engine for the US, say researchers with the Federal Reserve Bank of St Louis.
In their paper, published on December 8, Alexander Bick and Kevin Bloodworth II say past trends suggest that even as productivity in manufacturing keeps rising, the sector’s share of the job market will fall.
“Employment gains in the economy will need to come from other sectors,” say the authors. They argue that their findings underscore “how innovation is reshaping
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