6/02/2009

The Future of Manufacturing, GM, and American Workers (Part I)

GM on E

Image by Mike Licht, NotionsCapital.com via Flickr

The Future of Manufacturing, GM, and American Workers (Part I)
By Robert Reich | Robert Reich's Blog

What's the Administration's specific aim in bailing out GM? I'll give you my theory later.

For now, though, some background. First and most broadly, it doesn't make sense for America to try to maintain or enlarge manufacturing as a portion of the economy. Even if the U.S. were to seal its borders and bar any manufactured goods from coming in from abroad--something I don't recommend--we'd still be losing manufacturing jobs. That's mainly because of technology.

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