BY MARTIN KICH The Trump Administration’s “Made in America Week” is a cruel con on the working-class Americans who voted for him—and not just because almost all Trump, Inc., products continue to be produced by cheap foreign labor. It is an insult to the intelligence working-class Americans because it ignores the very obvious reality that…
The following chart, showing the job losses that have occurred in the nine economic recessions that have occurred since World War II and the rebound in job growth following those recessions, very recently appeared in Business Insider. The chart has been taken from the site Calculated Risk, and the brief accompanying article quotes Bill McBride…
Employment in Manufacturing Today, only about 8.2% of U.S. workers are employed in manufacturing. Even before the Great Recession, manufacturing employment in the U.S. had been steadily declining, with a loss of approximately 4,000,000 jobs between 1998 and 2007, the decade preceding the recession. Another 1.6 million jobs in manufacturing were lost between 2008 and…