"Why Are We Losing Manufacturing Jobs?" by Eric O'N. Fisher
 

Abstract

In the last 50 years, the share of employment in manufacturing has declined in the United States. The main reason for this phenomenon is labor-saving technological progress. Variation among state tax polices and international economic conditions have played only minor roles. The source of future prosperity will be technological advances in a service-oriented economy.

Disciplines

Economics

Publisher statement

The definitive version is available at http://www.clevelandfed.org/research/commentary/2004/#July04.

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Economics Commons

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URL: https://digitalcommons.calpoly.edu/econ_fac/65