5 Myths about the Death of the American Factory
By Gilbert B. Kaplan | Sunday, June 29, 2008 | The Washington Post
“…Sure, U.S. banking is in trouble, but the longer-term and possibly more damaging threat to the nation’s prosperity is the decline of the manufacturing sector. Late last year, the number of U.S. manufacturing jobs dropped below 14 million for the first time since 1950. It’s hard to find anything else that takes us back to a time before most baby boomers (remember them?) were even born. On top of that, the United States lost another 49,000 manufacturing jobs in April alone. Hard to believe, but the last factory built in this country may be something we’ll see in our lifetime, or certainly that of our children.
No wonder this is an issue in the presidential campaign, especially in big manufacturing states. To get to the bottom of the problem, though, we have to cut through the many myths that have been fabricated about the industry over the years….”…BS
http://www.washingtonpost.com/wp-dyn/content/article/2008/06/27/AR2008062702865_pf.html
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