This third installment in the Planet Money newsletter series examines the role of manufacturing jobs in the American economy. Despite their higher salaries, many Americans are not filling these roles. Economist Gordon Hanson explains that while manufacturing is vital, the real issue lies in the lack of good jobs accessible to workers without a college education. He warns that focusing solely on reviving manufacturing could be misguided and suggests that policymakers should prioritize creating better job opportunities for these workers instead of relying on tariffs or trade wars.
The problem is not too few manufacturing jobs. The problem is too few good jobs for workers without a college education. Policymakers should address the latter instead.
Manufacturing jobs continue to pay a higher premium than jobs in many other industries, especially benefiting Americans without a college education.
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