Fewer workers are employed in manufacturing, but the average worker is earning far more per hour. This is a problem? Meanwhile, American manufacturing output is significantly higher today than it was when the WTO was established. In fact, even at the lowest point of last year’s COVID-19 recession, manufacturing output was still higher than it had been in any year before 1997.
Author(s): Eric Boehm
Publication Date: 12 February 2021
Publication Site: Reason