The editors of The Wall Street Journal’s Daily Shot email recently highlighted that, compared to other major manufacturing hubs in the world, manufacturing employment in the U.S. has been hit quite hard.
I have recreated a chart below that the Daily Shot had featured showing that compared to other relatively free manufacturing focused economies like Germany, Japan and South Korea, employment in America’s manufacturing sector has been hardest hit since 2000.
The editors go on to show that despite rapid automation in both Germany and Japan compared to the U.S., they still performed better in manufacturing job retention than did America.
You can read more from the Daily Shot here.
E.J. Smith - Your Survival Guy
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