Job Creation in the Manufacturing Revival, May 2017

From the Congressional Research Service: “The past few years have seen important changes in the nature of manufacturing work. A steadily smaller proportion of manufacturing workers is involved in physical production processes, while larger shares are engaged in managerial and professional work. These changes are reflected in increasing skill requirements for manufacturing workers and severely diminished opportunities for workers without education beyond high school. Even if increased manufacturing output leads to additional employment in the manufacturing sector, it is likely to generate little of the routine production work historically performed by workers with lower education levels.”  More …

Tourism in the US Has Drastically Declined Since Trump Was Elected

“America’s share of international tourism has dropped 16% in March, compared to the same month in 2016, according to Foursquare data. The decline began in October 2016, the month before the presidential election. From October to March, tourism-related traffic has fallen an average of 11% in the US, compared to the previous year. Meanwhile, tourism in the rest of the world has increased 6% year-over-year during the same period. ” More …

Globalization: Sending Jobs Overseas

“In his 1998 book Turbo-Capitalism, Edward Luttwak gave what is still the most succinct and accurate reading of the new system’s economic consequences. ‘It enriches industrializing poor countries, impoverishes the semi-affluent majority in rich countries, and greatly adds to the incomes of the top 1 percent on both sides who are managing the arbitrage.’ Left unexplained was what had happened to make trade suddenly produce consequences so widely divergent from those it had produced for centuries.” More …

Trump’s “Made in America” Slogan Doesn’t Fit Ivanka’s Clothing Line

“Despite President Donald Trump’s calls for American companies to manufacture their products in the U.S., shipments of his daughter’s branded, Chinese-made dresses have continued to land on U.S. shores since he took office, documents reviewed by NBC News show. Since Election Day, the apparel brand run by Trump’s daughter has imported 56 shipments of Ivanka Trump products from China and Singapore, part of a total of 215 shipments from Asia since Jan. 1, 2016.”

Inside Alabama’s Auto Jobs Boom: Cheap Wages, Little Training, Crushed Limbs

“Parts suppliers in the American South compete for low-margin orders against suppliers in Mexico and Asia. They promise delivery schedules they can’t possibly meet and face ruinous penalties if they fall short. Employees work ungodly hours, six or seven days a week, for months on end. Pay is low, turnover is high, training is scant, and safety is an afterthought, usually after someone is badly hurt. Many of the same woes that typify work conditions at contract manufacturers across Asia now bedevil parts plants in the South.”