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Manufacturing in the US
Article

Manufacturing in the US

Will Trump’s Strategy Repatriate Highly Paid Jobs?

Bruegel, 2017

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Editorial Rating

8

Qualities

  • Controversial
  • Innovative
  • Overview

Recommendation

Bringing good-paying manufacturing jobs back to the United States by restructuring its trade deals with other countries ranks high on President Trump’s priority list. Such rhetoric has strong emotional appeal, but Guntram B. Wolff, head of the European think tank Bruegel, explains how revamped trade policies may do more harm than good to American workers. While always politically neutral, getAbstract suggests this concise economic overview to anyone interested in the potentially unintended economic consequences of political promises.

Take-Aways

  • One of President Donald Trump’s 2016 campaign promises was to bring well-paid manufacturing jobs back to the United States.
  • His administration’s main claim is that, by relocating factories to other countries, US manufacturers have widened the trade deficit, destroyed good-paying manufacturing jobs and left workers to take lower-paying service sector positions.
  • Technology has been a major factor behind the decline in manufacturing jobs globally.

About the Author

Guntram B. Wolff is the director of Bruegel, a European think tank.