Oops, Never Mind: BCG Gets it Wrong on U.S. Manufacturing and China

After publishing conflicting reports on the state of U.S. manufacturing, Boston Consulting Group is in danger of providing false hope and wrong scenarios to the public. ITIF president Rob Atkinson emphasizes when BCG talks, lots of people listen. And now, the group has come out with a report that essentially tells policymakers: don’t worry about the fact that America lost almost a third of its manufacturing jobs in the last decade, a rate of loss even faster than in the Great Depression; we seers at BCG are telling you we’ll be fine. This is obviously a flawed argument and clarifies the need for a solid national manufacturing strategy.