American Manufacturing Is A Loser Of Globalization.

2011/10/22 16:03:00 34

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Global Losers Of Manufacturing In America

The United States has been advocating.

Globalization

But I do not know that globalization also has losers.

According to foreign media reports, for the American people, the past 10 years are economically harsh.

According to some agencies, family deductions in the United States

inflation

Income declined after the factor, the first decline since last 30s.

By 2010, compared with $53164 in 2000, the real income of American families dropped to $49445.

Yes, it is indeed globalization.

opinion

free trade

A phenomenon advocated by people has led to a group of winners and many losers.

No sector is under pressure from manufacturing.

In times of economic hardship, any job is undoubtedly welcome.

However, the United States needs to reverse the trend of income decline.

This requires a more thorough and meticulous strategy instead of focusing on the jobs lost in the manufacturing industry.

So let the United States start with the following facts: just like what happened in the agricultural sector decades ago, the role of manufacturing in the economy is decreasing.

Over the past 50 years, manufacturing jobs have dropped from 9% of the total workforce to 9%, and will continue to decline.

Let the United States admit the fact that the return to protectionism may turn a winning and losing situation into a result of all losers.

Even if organized labor organizations may boost wage growth, this practice will not help to increase competition between domestic manufacturing and foreign low-cost imports.