Robohub.org
 

Bloomberg Businessweek says: “Factory Jobs Are Gone. Get Over It.”

by
27 January 2014



share this:

Although politicians and economists may have been aggravated by the article, the figures are impressive and worthy of study.

Manufacturing makes up 12% of the U.S. economy with only 10% of the non-farm workforce. Also, during the period from 1980 to 2012 there was a 189% gain in manufacturing output and a tripling of manufacturing output in the full 60 years reviewed. Interestingly, during the period from 1980 to 2012 the proportion of workers with some college education increased from 20% to 50%.

Sub-headers from the article said:

Politicians think creating millions of high-tech manufacturing jobs is the answer. It isn’t.

“What’s with the political fetish for manufacturing? Are factories really so awesome?”

The article asks the question do we want the kind of low-skilled, low-capital production once done here back? Or can we rely upon service industries to take up the slack? It suggests that you cannot fight income inequality with outmoded wishes for increased manufacturing jobs because it’s not going to happen. What do you think?

PS: This is not a U.S. problem. It is a global phenomenon, at least for many advanced economies. The decline in manufacturing’s share of U.S. GDP over the last forty years is nearly identical to the decline in world manufacturing as a share of world GDP, which fell from 26.6% in 1970 to 16.2% in 2010. It is a global trend as the world moves from a manufacturing-intensive “Machine Age” economy to more a services-intensive “Information Age” economy. Source: Information Technology & Innovation Foundation.

Source: Bloomberg Businessweek Magazine

 

If you liked this article, you may also be interested in:

See all the latest robotics news on Robohub, or sign up for our weekly newsletter.



tags: ,


Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.
Frank Tobe is the owner and publisher of The Robot Report, and is also a panel member for Robohub's Robotics by Invitation series.





Related posts :



Robot Talk Episode 90 – Robotically Augmented People

In this special live recording at the Victoria and Albert Museum, Claire chatted to Milia Helena Hasbani, Benjamin Metcalfe, and Dani Clode about robotic prosthetics and human augmentation.
21 June 2024, by

Robot Talk Episode 89 – Simone Schuerle

In the latest episode of the Robot Talk podcast, Claire chatted to Simone Schuerle from ETH Zürich all about microrobots, medicine and science.
14 June 2024, by

Robot Talk Episode 88 – Lord Ara Darzi

In the latest episode of the Robot Talk podcast, Claire chatted to Lord Ara Darzi from Imperial College London all about robotic surgery - past, present and future.
07 June 2024, by

Robot Talk Episode 87 – Isabelle Ormerod

In the latest episode of the Robot Talk podcast, Claire chatted to Isabelle Ormerod from the University of Bristol all about human-centred design and women in robotics.
31 May 2024, by

Robot Talk Episode 86 – Mario Di Castro

In the latest episode of the Robot Talk podcast, Claire chatted to Mario Di Castro from CERN all about robotic inspection and maintenance in hazardous environments.
24 May 2024, by

Congratulations to the #ICRA2024 best paper winners

The winners and finalists in the different categories have been announced.
20 May 2024, by





Robohub is supported by:




Would you like to learn how to tell impactful stories about your robot or AI system?


scicomm
training the next generation of science communicators in robotics & AI


©2024 - Association for the Understanding of Artificial Intelligence


 












©2021 - ROBOTS Association