It's obvious that any high end manufacturing in any country capable of sustaining high end manufacturing will not produce jobs like in 1950, '60 or '70. But the same is true of service sector jobs. More is being automated.
That said, we can bring manufacturing back stateside which can be highly automated and have high value while employing workers at wages much better than their service-job counterparts.
In addition, we don't have the same population growth we had in the post-war years, so we don't need to produce millions upon millions of jobs. What we need to do is stem the job losses and increase output.
We can be a bigger version of Switzerland. Sure, things get more expensive, but by and large folks live better.
That said, we can bring manufacturing back stateside which can be highly automated and have high value while employing workers at wages much better than their service-job counterparts.
In addition, we don't have the same population growth we had in the post-war years, so we don't need to produce millions upon millions of jobs. What we need to do is stem the job losses and increase output.
We can be a bigger version of Switzerland. Sure, things get more expensive, but by and large folks live better.