Much of the debate around U.S. manufacturing is problematic because the core data on manufacturing output and productivity are flawed. The reality is:
- A large share of manufacturing jobs was lost in the last decade because the United States lost its competitive edge for manufacturing.
- The loss was unprecedented, and it continues to severely impact the overall U.S. economy.
- Regaining U.S. manufacturing competitiveness to the point where America runs a trade surplus in manufacturing products is critical to restoring U.S. econom