Industrial Insight

blaming China…. | November 3, 2011

http://www.realclearmarkets.com/articles/2011/11/03/stop_blaming_china_for_the_loss_of_manufacturing_jobs_99345.html

November 3, 2011

Stop Blaming China For the Loss of Manufacturing Jobs

By John Tamny

Indeed, as a recent USA Today editorial noted, “American companies are making lots of stuff”, and in fact they’re producing “about 80% more than in 1979 with nearly 8 million fewer workers.” Some would like to blame China here, but in truth they should be cheering the very innovations that attract job creating investment by virtue of companies doing more with less.

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