Now that manufacturing wages in Asia are starting to rise, some U.S. industries have started to bring their businesses back to our own shores. Many others remain skittish, however—of our tighter regulatory environment, of the high cost of U.S. labor, and of the paucity of workers who know how to make things anymore. Can that spiral be reversed?
In early 2018, after the release of a positive national jobs reports, some experts said the glowing numbers really suggested a “wage-less recovery.” Today’s signs of a recession suggest the experts may have been right. For the last few decades, both the private and public sectors have gradually weakened the support structures that have nurtured the American workforce for generations. Two experts connect the dots on this new dilemma, and look for solutions.