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Episode 153 - Jim Vinoski explains how over-regulation is the #1 problem for US manufacturing
Manage episode 478460384 series 3417760
Right on cue, all the major media outlets are chiming in on how "manufacturing jobs aren't coming back," with claims that deindustrialization is somehow just a natural and wonderful thing for a wealthy economy.
Nonsense.
Your host with the most, Jim Vinoski, takes apart the "evidence" for those claims piece by piece, and then points out the elephant in the room: it's over-regulation that has caused the problems, and radical deregulation is needed to revitalize our industrial base.
A few highlights:
Wealthy countries naturally become service economies: hogwash
Manufacturing employment naturally drops as a country modernizes: nope
Productivity improvements explain all losses of US manufacturing jobs: uh-uh
Tune in for the whole priceless education!
Here are my last two Substack articles that I mentioned:
https://manufacturingtalks.substack.com/p/major-media-narrative-of-the-day
https://manufacturingtalks.substack.com/p/wealthy-nations-become-service-economies
153 episodes
Manage episode 478460384 series 3417760
Right on cue, all the major media outlets are chiming in on how "manufacturing jobs aren't coming back," with claims that deindustrialization is somehow just a natural and wonderful thing for a wealthy economy.
Nonsense.
Your host with the most, Jim Vinoski, takes apart the "evidence" for those claims piece by piece, and then points out the elephant in the room: it's over-regulation that has caused the problems, and radical deregulation is needed to revitalize our industrial base.
A few highlights:
Wealthy countries naturally become service economies: hogwash
Manufacturing employment naturally drops as a country modernizes: nope
Productivity improvements explain all losses of US manufacturing jobs: uh-uh
Tune in for the whole priceless education!
Here are my last two Substack articles that I mentioned:
https://manufacturingtalks.substack.com/p/major-media-narrative-of-the-day
https://manufacturingtalks.substack.com/p/wealthy-nations-become-service-economies
153 episodes
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