He’s talking about total dollar value and not actual number of jobs created. So many people get confused or are misled intentinally...
The total dollar value v. jobs is a serious concern, but it actually reflects incredible productivity gains.
Those gains are in large part driven by liberal efforts to make labor more expensive. That effort simply compounds the bureaucratic (Federal, state and local) effects of taxation and regulation.
Liberals have increased the cost of labor beyond its marginal value.
Hence, high productivity, high value products and high profits to a smaller group (owners/capitalists) at the expense of labor.
Exactly what all Leftist programs do...the opposite of their stated intent.
Instead of blaming the "decline of manufacturing," we need to blame the collapse of liberalism, particularly public education, in leaving behind a couple of generations of people who don't have the job skills to compete for the high-wage jobs in whatever field.
Exactly. I think most people bemoaning the "decline" in US manufacturing are thinking smokestack factories and hordes of unskilled labor. Those days are long gone (but maybe an EMP away). Manufacturing will not be the salvation of the uneducated and unskilled.