Manufacturing jobs are not coming back:

[applegrove]

Link to tweet

[FBaggins]

1. Not entirely true

We'll likely never again see the almost 19.5 million manufacturing jobs that we saw around the end of Carter's presidency... but the count bottomed out around 11.5 million during the great recession and has been steadily climbing since then. Currently hovering just under 13 million.

That could continue at about 200k new manufacturing jobs per year if energy costs stay low.

[applegrove]

2. I hope you are right. How much of it will be automated too though?

Maybe i should have said good manufacturing jobs are not coming back.

[rockfordfile]

5. Our manufacturing jobs were lost during the Reagan years.We always lose jobs under Republican Pres.

[UniteFightBack]

3. America is in the business of buying shit not making shit. nt

[FBaggins]

4. Also untrue

We probably produce more now (inflation-adjusted dollars-wise) than ever before. If not, we're awfully close.

It's just that we produce it with fewer workers and more automation. And yes... we also import a bunch. Our consumption rate has grown fast enough for both to be true at the same time.

[rockfordfile]

6. You can't buy a house and send your kids to college today working in manufacturing like in the past

[FBaggins]

7. That's less a function of manufacturing jobs...

... and more a reflection of price changes in college education and homes.

Here's a chart of wage growth in manufacturing

https://d3fy651gv2fhd3.cloudfront.net/embed/?s=unitedstawaginman&v=201907191044a1&d1=19190101&d2=20191231&h=300&w=600