Mark Atwood (fallenpegasus) wrote,
Mark Atwood
fallenpegasus

Manufacturing jobs going overseas?

The 11% drop in manufacturing jobs in the US means those jobs went to lower-labor cost countries like China, right?

Well, no, not so much.

Turns out that labor input to manufacturing has been falling worldwide. In the time that the US lost 11%, China lost 15%...

http://www.danieldrezner.com/archives/000879.html


Interesting...
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