Worse Than The Great Depression: What Experts Are Missing About Manufacturing Decline

Wednesday, March 21, 2012 - 9:00 AM to 10:30 AM
Information Technology and Innovation Foundation
1101 K Street NW Suite 610A
Washington, DC 20005

Here’s an ugly and overlooked fact: Not only did America lose nearly six million manufacturing jobs in the last decade but the decline as a share of total manufacturing jobs (33 percent) exceeded the rate of loss in the Great Depression. Despite this unprecedented negative performance, most economists, pundits and elected officials are remarkably blasé, largely because they attribute this job loss to superior productivity performance of U.S. manufacturers. The notion seems to be manufacturing has just gotten incredibly productive over the last decade, and while it may be tough on the workers who are let go, this is the price of success. All that is needed, if anything, are better programs and policies to help laid-off production workers.

Join ITIF as we present a comprehensive analysis that disputes this sanguine view and reveals the stark truth about the troubling state of U.S. manufacturing competitiveness.

03/21/2012 09:0003/21/2012 10:30America/New_YorkITIF Event: Worse Than The Great Depression: What Experts Are Missing About Manufacturing DeclineInformation Technology and Innovation Foundation, 1101 K Street NW, Washington, DC 20005More information: https://itif.org/events/2012/03/21/worse-great-depression-what-experts-are-missing-about-manufacturing-declineMM/DD/YYYY
Robert D. Atkinson
Information Technology and Innovation Foundation
Michael Mandel
Chief Economic Strategist
Progressive Policy Institute
Howard Wial
Brookings Institute