To: shove_it
![](http://cdn.wallstcheatsheet.com/wp-content/uploads/2014/07/Manufacturing-Employment-Output-e1404412152832.png)
Part of the reason for such a dramatic decline in manufacturing employment has been productivity gains. As the graph shows, even as overall employment tanked, output not only remained strong, it grew. As employment stabilized and began to grow itself in the wake of the financial crisis, the manufacturing industry at large began experiencing a robust recovery.
2 posted on
07/05/2014 6:37:06 AM PDT by
shove_it
(long ago Orwell and Rand warned us of Obama's America)
To: shove_it
Part of the reason for such a dramatic decline in manufacturing employment has been productivity gains.
That’s why the Luddites were Luddites, to protect their jobs.
21 posted on
07/05/2014 7:54:16 AM PDT by
Moonman62
(The US has become a government with a country, rather than a country with a government.)
To: shove_it
A FRED graph - how trustworthy is the Federal Reserve to calculate productivity accurately?
For example, I wonder if those numbers are as reliable as Climate change data....
45 posted on
07/05/2014 9:13:46 AM PDT by
eldoradude
(How many republicrats/demoblicans does it take to change a light bulb?)
To: shove_it
Part of the reason for such a dramatic decline in manufacturing employment has been productivity gains. Otherwise known as the replacement of labor with virtually free capital.
50 posted on
07/05/2014 9:54:03 AM PDT by
Carry_Okie
(ObamaCare IS Medicaid: They'll pull a sheet over your head and send you the bill.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson