Improbable as it seems, the brightest spot so far in the nation's spotty economic recovery is a sector long considered all but dead — good-old-fashioned manufacturing. Full Story »
Posted by Chris Finnie - via Google News (U.S. Economy), Seattle Times
A good story as far as it goes. But the piece fails to note recent moves by international manufacturers to locate North American plants in neighboring countries because of a poorly educated U.S. workforce and high healthcare costs. It fails to factor in rising transportation costs and how that might impact manufacturing. And, while it brings up the withered support infrastructure, it fails to note that we've razed the factories and sold the equipment off on the international market. Bringing the U.S. manufacturing sector back to life would be a hugely expensive undertaking. However, the Gates quote brings up a very important question that is rarely addressed. What do we do when we no longer make anything? How will that affect ... More »
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