The article is the second part of a series exploring the significance of manufacturing in America. It questions why there is such a focus on manufacturing, suggesting that underlying motivations might be more political than economic. Through discussions with numerous economists, including Nobel Prize winners, the piece reveals that manufacturing typically pays better than other sectors, especially for non-college graduates. Yet, this "manufacturing premium" appears to be declining, highlighting the complexities of the manufacturing landscape in today’s economy.
Manufacturing has historically paid workers more, especially those without a college education, known as "the manufacturing premium," which has diminished in recent decades.
The romanticization of manufacturing jobs may reflect nostalgia or political motives rather than a clear understanding of its impact on workers and the economy.
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