‘Lou Dobbs is Wrong: America’s Manufacturing Revival’

By February 9, 2007Dobbs Watch

Dobbs WatchThis morning at the Progressive Policy Institute there will be a panel by the above title, featuring a paper — also by the same title — by the PPI’s Ed Gresser. According to the promotional flyer, here is the thrust of Gresser’s thesis:

“‘Populist’ worries blend empathy for American workers and their
families with broader fears that trade with China and other low-income
rivals is ‘deindustrializing’ America as factories either close or move
to low-wage havens. A new paper by PPI’s Ed Gresser, entitled, ‘Lou Dobbs
is Wrong: America’s Manufacturing Revival,’ argues that the empathy is
justified, but the fear is mainly myth. America’s factories are in far
better shape, he says, than most realize. Low-wage competition or not,
the U.S. share of world manufacturing is stable, exports are soaring,
and factories produce more than ever before.”

Our own economist, Chi Nguyen, will be attending and will give us a full report. We’ll fill you in as soon as we get the details, but it sounds like they’re on the right track.

Join the discussion 4 Comments