Questions:
Reflect on the changes in U.S. manufacturing over the last half century.Why did the United States lose so many jobs?
What impact did that job loss have on the U.S. economy and on the economies of countries like China and Mexico that have been the recipients of outsourced U.S. jobs?
Using Porter’s Diamond of Competitive Advantage, explain U.S. manufacturing today, and how it could change in the next five to ten years.Consider the role of government in the success of the sector and the future competitiveness of a nation.
Instructions:
Review the below video: How Many Manufacturing Jobs Can U.S. Realistically Maintain? – 11:53 min
https://www.pbs.org/newshour/show/how-many-manufacturing-jobs-can-u-s-realistically-maintain
This video explores the decline, and now upward trend, of manufacturing in the United States, and explains why training and education may be the key to a globally competitive workforce in the future.
Write a complete analysis thoroughly answering the above questions using applicable research (i.e. references & citations) (4 page minimum required).