President Bush's new manufacturing policy is doomed

by Daniel Gross Thursday, Sep. 04, 2003 at 2:32 AM
moneybox@slate.com http://www.danielgross.net

So long as manufacturing executives seek labor arbitrage opportunities, employing U.S. blue-collar workers will be expensive. (American workers, after all, expect such niceties as pensions and health care.)

President Bush's new manufacturing policy is doomed.
Daniel Gross, Slate, September 2, 2003

"I want you to understand that I understand that Ohio manufacturers are hurting, that there's a problem with the manufacturing sector," the president told a union gathering in Ohio on Labor Day. "We've lost thousands of jobs in manufacturing."

The truth is we've lost more like thousands of thousands of job