Regular price: $14.95
Buy Now with 1 Credit
Buy Now for $14.95
The book is written by veteran NY Times reporter - Louis Uchitelle. The book arrived with no fanfare, recorded by Audible. I'm not sure it is available in written form. I bought it having been familiar with Uchitelle's writing.
I think the book could have been more comprehensive. It's mostly Uchitelle's 1st person accounts of various manufacturing companies he's dealt with over the years. He puts forward a few theories about why manufacturing is dwindling in the U.S. and some ideas for its revitalization.
He could have spoken to some of the economists who have said that persistent trade deficits usually lead to stagnant growth in an economy, and big problems. and why this hasn't happened yet in the U.S. Because I've studied this issue I'll answer this question myself. My theory is that because the U.S is a reserve currency, and because of the problems with the Euro, the U.S. dollar is strong, and investment is strong. However, I believe that dwindling manufacturing and persistent trade deficits, will eventually sink the dollar, and cause big problems. We've already seen stagnant wages for like 30 or 40 yrs. and declining standards of living.
so you see, that the book is lacking some comprehension and analysis. However nobody else is really dealing with this issue, except Uchitelle's book. So if you're interested in this subject, I recommend the book.
1 of 1 people found this review helpful
Automation is not feasible to regulate, which the author does not even really touch on factories that are highly automated, and how that doesn't help employment. What the author basically describes is a form of universal basic income. Which is not thought out very well. If you subsidize a factory how can you prevent automation from being purchased instead of hiring more people? Are computers considered automation because all manufacturing requires them, but if you took away computer controlled machines we would have a massive increase in employees needed (and with it cost). Where do you draw this arbitrary and imaginary line? (background: I own and operate a machine shop)
0 of 1 people found this review helpful