Nov. 25, Robert Lawson, Jerome M. Fullinwider chair in Economic Freedom, SMU Cox School of Business, SMU Dallas, for a Letter to the Editor about factors contributing to the perception that U.S. manufacturing is down because of competition from China. Published in the South China Morning Post under the heading Blame robots, more than trade with China, for US manufacturing job losses: https://tinyurl.com/aawby6jc
U.S. manufacturing is down because of competition from China, right? It is true that employment in manufacturing is down from over 30 per cent of the workforce in the 1950s to under 10 per cent in recent years. Likewise, the value of manufacturing output as a share of the economy has fallen from over 25 per cent to about 10 per cent. People usually point to these figures, and rising trade numbers with China, to conclude that trade with China is killing US manufacturing.
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