Analysis: Technology is the culprit for lost manufacturing jobs

08/24/2010 | Economist (free content), The

Revised industrial policy, trade sanctions against China and a cheap dollar are powerless to reverse a loss of manufacturing jobs, a trend that has been under way for a half century despite growth in the sector, according to The Economist. Manufacturing has become more productive and less labor-intensive through technology, and that's not going to change. "Time to accept that reality and figure out how best to prepare workers for the good jobs to come," the magazine notes.

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Economist (free content), The

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