I’m sorry to say that the manufacturing jobs of the 1980s and 90s will never come back. Even China is losing its factories to Southeast Asia.
In the future it will become even harder to get these jobs back. Nearly all products and services will be produced and delivered by intelligent machines. Even the world’s poorest laborers won’t be able to compete.
Rather fighting past battles, we need to go after the next wave of job creation. This means upgrading our workforce, revamping our educational system, investing in entrepreneurship, and leading the world in technological development.
Data shows that the countries which modernize first create far more jobs than those that lag behind. In other words, we need to be on the forefront of change if we are going to raise the standard of living for Americans.
Only by focusing on the future, not the past, can we come out on top.
Photo by George Mihaila on Unsplash