Manufacturing
You often hear from politicians that expanding manufacturing jobs is key to growing the economy. It sounds good, making physical stuff.π· You can see and touch things that are manufactured. But few Americans actually manufacture things, even though we are outputingΒ more American-made products then ever before.π American manufacturing is highly automated, it relies less and less on humans.
Americans typically make the most advanced devices and technologies in our country. We outsource lower-skilled manufacturing to other countries.π Low-skilled manufacturing produces lower wages, and those low wages are not enough to pay for a decent living in the United States. Americans expect a good job, one with healthcare and a pension or retirement plan, something that can not be produced with a low-value product.π₯
The future of jobs in America is not in manufacturing. It’s in healthcare, education and creative professions like design, engineering and arts.π The jobs of the future about designing products and providing services that Americans want. Traditionally, many of these jobs have offered less stability and benefits compared to old-line manufacturing.π΄
The solution is not to try to bring back obsolete industries, but instead ensure modern industries in America provide adequate benefits to workers. π₯This can be done by government mandates or the government providing the service — e.g. opt-in to government retirement or healthcare plans.π The economy is changing, and government shouldn’t stop low-wage jobs from off-shoring, but instead ensure workers are taken care of in the industries of tomorrow.