My Authors
Read all threads
A word about manufacturing, prompted by Biden’s “buy American” proposals. It is important to distinguish between production and employment. +
Manufacturing production exerts outsized influence on a nation’s innovative capacity and productivity. It is important to have sensible industrial policies that promote it. And it’s possible to reinvigorate manuf in the sense of preventing a decline in MVA/GDP. +
Employment is another matter. Labor content of manufacturing has been in decline for a very long time (flip side of rising productivity) and I think it’s virtually impossible to reverse employment-deindustrialization. No nation has managed to do it. +
The future of jobs is in services: health, education, retail. That’s where we need to focus, both to create productive jobs and to ensure workers are provided with adequate say and job standards. Today’s industrial policies have to target services if the objective is good jobs. +
We’d like to believe that promoting innovation and good jobs are one and the same, and that a manufacturing oriented policy will kill both birds with one stone. I’m afraid that is not the case. Good jobs will require distinctly different policies that don’t look like yesterday’s.
Having said all of this, on the whole I believe Biden’s proposals go in the right direction.
Missing some Tweet in this thread? You can try to force a refresh.

Keep Current with Dani Rodrik

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!