Don’t Give Up on Bringing Manufacturing Back to the U.S.
More than three years ago, Donald Trump was elected president on a promise to bring U.S. manufacturing back from China. Even before the coronavirus pandemic hit, Trump’s economic expansion -- which became the longest on record -- didn’t even manage to restore all the manufacturing jobs lost in the Great Recession, much less reverse the declines of the previous decade:
Nor was it simply a case of automation taking over from human laborers. Manufacturing production fell in 2019, and never reached its pre-2008 peak: