BOOM ON – AT 12:29 P.M. ET: They said it couldn't be done. Even Barnum and Bailey couldn't do it. The "it" is bringing manufacturing jobs back to America. From Breitbart:
Over the last 12 months, manufacturers have added 224,000 jobs. That’s the biggest annual gain since 1998, according to Wall Street economist Joe LaVorgna. Since the 2016 election, the economy has added 263,000 manufacturing jobs. Last month, 31,000 new manufacturing jobs came online.
It wasn’t supposed to be this way, according to the Very Wise People. Donald Trump’s promises to bring back manufacturing jobs was widely derided as impossible, and his supporters were mocked as suckers.
“Trump won’t be able to ‘make American great again’ by bringing back production jobs,” Mark Muro, a senior fellow at the Brookings Institution wrote.
“What happens when people realize they’ve been taken?” Wharton emeritus professor of management Stephen J. Kobrin asked. “When people realize that he can’t bring back jobs and that they are not better off than they were two years ago, how does he use it–who does he blame it on?”
“Manufacturing jobs are never coming back,” Ben Casselman of FiveThirtyEight declared in the summer of 2016.
Instead of focusing on reviving the manufacturing sector, politicians should focus on managing its decline, the Very Wise People insisted.
“[R]ather than play to that anger [over lost manufacturing jobs], candidates ought to be talking about ways to ensure that the service sector can manufacturing’s former role as a provider of dependable decent-paying jobs,” Casselman wrote.
Why was it supposed to be impossible to revive manufacturing? Globalization couldn’t be reversed. Automation would make human manufacturing jobs redundant. Trump had offered “few specifics” about how he would change policies to benefit workers.
COMMENT: We realize that not all attempts to bring back manufacturing jobs will succeed. Some probably are gone forever, not so much to foreign competition as to robotics. But there is manufacturing where robotics do not play a large role, and Trump is bringing back some of those jobs. He should get a medal. Instead, the mainstream media sends him ridicule.
March 10, 2018 |