Factories in decline? It’s OK, services will do nicely
16th April 2011
The Worrying Class in developed countries laments: “We don’t make anything any more.”
The United States alone produces roughly 20% of all the world’s manufactured goods. We may not make many toys or cell phones any more, but we do make most of the world’s artificial knees and hips, medical scanners and jet aircraft. Those sound like good jobs to me.
Manufacturing fetishists also ignore the fact that many factory jobs were actually not very good jobs at all.