How Much are Replacement Jobs Helping the Economy?

America?s high unemployment rate will come down as total spending picks up and the economy recovers. Some of the unemployment is the result of the recession, but some is the result of long-term trends. Since 2000, manufacturing jobs have fallen by 5.4 million, and when the economy comes back, manufacturing will not recover much ? […]

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Why the Knowledge Economy Can’t Replace Manufacturing

Can the middle class continue to rely on manufacturing jobs? No, says William McGurn, writing in the Wall Street Journal (“Michigan and the Knowledge Economy,” June 16). The automobile industry and manufacturing jobs leaving Michigan will not be back, but must be replaced with new jobs in the “knowledge economy.” McGurn defines the knowledge economy […]

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