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Manufacturing more confusion
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| Contributor | Tony82 |
| Last Edited | Tony82 Jan 16, 2004 12:28am |
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| Category | Commentary |
| Media | Newspaper - Washington Times |
| News Date | Friday, January 16, 2004 06:00:00 AM UTC0:0 |
| Description | "Manufacturing jobs" has become a battle cry of those who oppose free trade and are sounding an alarm about American jobs being exported to lower-wage countries overseas. However, manufacturing jobs are much less of a problem than manufacturing confusion.
Much of what is being said confuses what is true of one sector of the economy with what is true of the economy as a whole. Every modern economy is constantly changing in technology and organization. This means resources — human as well as natural resources and other inputs — are constantly sent in new directions as things are produced in new ways. |
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