"The observation is uncontroversial," said Joseph Stiglitz, the Nobel-winning economist at Columbia University. "Global employment in manufacturing is going down because productivity increases are exceeding increases in demand for manufactured products by a significant amount."
No matter how high the tariffs Donald Trump wants to raise to encircle the American economy, he will not be able to produce a manufacturing renaissance at home. Neither would changing tax rules to limit corporate flight from the United States, as Hillary Clinton proposes.
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