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US manufacturing only has jobs for the skilled few

from Bloomberg

Even with the recent strength in the U.S. manufacturing sector, labor-intensive industries won't return to the U.S. as long as the huge labor compensation gaps persist with Asian and other developing countries. Sure, there will be niches created when quick delivery, changes in fashion and other developments require production to be close by. There are concerns about the lack of engineers and other professionals who make sophisticated manufacturing possible, especially as highly skilled members of the postwar generation reach retirement age. more


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