Where Did the Manufacturing Jobs Go?

Manufacturing used to provide 25% of all U.S. jobs in the 1960’s.  Since then its declined to less than 10%.  screen-shot-2016-12-04-at-2-17-39-pm

This steep drop happened as even as manufactured goods as a percent of U.S. Gross Domestic Product (GDP) stayed relatively the same.  This indicates that automation, not trade, caused the decrease in manufacturing jobs. Continue reading “Where Did the Manufacturing Jobs Go?”