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Posted: 2025-05-06 22:05:31 UTC
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
This article contains some claims that remain unverified. While much of the content may be accurate, exercise care when relying on this information.
Status
Last Updated
2025-05-06 22:05:43 UTC
Verified By
Rollup News
Michael Pettis argues that the decline in factory employment is beneficial when due to rising productivity but detrimental when caused by foreign mercantilism and domestic policy neglect.
The cause of declining factory employment matters.
Rising productivity is a positive driver of declining factory employment.
Foreign mercantilism and domestic policy neglect are negative drivers of declining factory employment.
Distinguishing between the causes of declining factory employment.
Addressing foreign mercantilism.
Correcting domestic policy neglect.