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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....and profit margins?
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That's question right at the heart of macro econ today..
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If it has, why? (I'm betting if it "has," it's because demand has shifted to something they don't count, like software.)
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