A blog by A. Michael Noll, presented here with the author's permission. It is the provision of services – not manufacturing – that matters in today’s economy. The manufacturing of things is the way of the past. The United States has been primarily a service-based economy for many decades now. The huge Western Electric factory … Continue reading Protect Services ⎻ Not Manufacturing
services
Manufacturing: Trapped in the Past
by A. Michael Noll [Posted with the permission of the author.] The United States has been predominately a service economy for the past decades. Manufacturing is dead. The assembly lines of the past are mostly gone, with automated machines and robots having replaced humans. Yet, some politicians are promoting manufacturing, even using tariffs to try … Continue reading Manufacturing: Trapped in the Past