Robert Reich has a nice piece about the state of manufacturing. The main cause of manufacturing jobs losses worldwide:
Want to blame something? Blame new knowledge. Knowledge created the electronic gadgets and software that can now do almost any routine task.
The biggest challenge we face over the long term — beyond the current depression — isn’t how to bring manufacturing back. It’s how to improve the earnings of America’s expanding army of low-wage workers who are doing personal service jobs in hotels, hospitals, big-box retail stores, restaurant chains, and all the other businesses that need bodies but not high skills.