The Mirage of a Return to Manufacturing Greatness (Published 2016)

The production line of a lamp factory in Suining, China. Despite efforts to revive manufacturing in the United States, economists say the chances of a recovery are slim, and developing countries face extra challenges as industry fades.Credit...Zhong Min/European Pressphoto Agency Half a century ago, harvesting California’s 2.2 million tons of tomatoes for ketchup required as many as 45,000 workers

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「日本の失われた20年は、製造業という尻すぼみの産業に固執しすぎたため。日本は製造業の雇用維持に力をかけすぎ、新しい産業への人材移動を促進しなかった。Greenwaldコロンビア大教授