Productivity in manufacturing increased more than the output of manufacturing. Therefore employment fell. (Source: http://www.heritage.org/research/reports/2010/10/technology-explains-drop-in-manufacturing-jobs …)pic.twitter.com/sczuUksa1W
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That's question right at the heart of macro econ today..
If it has, why? (I'm betting if it "has," it's because demand has shifted to something they don't count, like software.)
Yes, that is also part of it. Here is a good text about it:http://voxeu.org/article/digitally-disrupted-gdp …
....and profit margins?
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