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 …
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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 …
Carrier Plant that Trump Helped Save Will Cut 300 Jobs Right Before Christmas
“Donald Trump may have convinced Carrier not to move its Indianapolis furnace plant to Mexico. But the company is still shipping about 300 of its jobs to Mexico right before Christmas.” More …
Trumponomics: Cooking Up an Economic Agenda
The Economist Interview: “Donald Trump’s economic strategy is unimaginative and incoherent.” 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 …
Workers Endured Long Hours, Low Pay at Chinese Factory Used by Ivanka Trump’s Clothing-Maker
“Workers at a factory in China used by the company that makes clothing for Ivanka Trump’s fashion line and other brands worked nearly 60 hours a week to earn wages of little more than $62 a week, according to a factory audit released Monday.” More.
Trump Ignores Retail Jobs Meltdown Roiling U.S. Malls
“Once-bustling shopping malls and department stores are now empty as millions of Americans do their shopping online through businesses that have warehouses but don’t operate storefronts. Trump’s muted response to the retail apocalypse shows which workers count in Trump’s America.” More.
AP FACT CHECK: Trump Again Out of His Lane on Auto Jobs
“President Donald Trump claimed direct credit for Toyota’s new investment in a Kentucky plant, calling it new evidence of economic improvement in a White House discussion with CEOs. The company says the move was planned long before Trump even announced he was running for president.” More.