Productivity, crises and imports in the loss of manufacturing jobs
| Autor: | Kim Moody |
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| Rok vydání: | 2019 |
| Předmět: | |
| Zdroj: | Capital & Class. 44:47-61 |
| ISSN: | 2041-0980 0309-8168 |
| Popis: | The massive loss of manufacturing jobs in the United States even as manufacturing output continued to increase has been a source of debate between those who see this primarily as a result of globalization and trade, on one hand, and those for whom the dynamics of capitalism with its economic turbulence, job-displacing technology and productivity increases is the major cause, on the other. It is a debate with political implications. In the United States, those who see trade imbalances as the major cause of job loss compose a broad spectrum including many liberal economists, trade union leaders, related think tanks and the Trump Administration who place the blame on a foreign ‘other’ rather than multinational capital. Supporting this analysis are a series of recent academic articles that largely ignore economic crises and reject productivity, in particular, as reasons for declining manufacturing employment. This article will critically analyse their arguments and propose a different explanation rooted in the turbulence, competition and class conflict inherent in capitalism as these have unfolded in the United States during the neoliberal era. |
| Databáze: | OpenAIRE |
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