The manufacturing paradox: Output up, Employment down
Dan Levine / February 6, 2015 / www.areadevelopment.com
Depending on how you measure it, the U.S. manufacturing sector is going to grow or shrink. If you are judging based on growth, then the industry is growing. However, if you measure by employment then the industry is shrinking. As technology continues to streamline processes, the paradox continues to grow as companies can grow their output while job losses continue to mount.