Perspective: Why do so many in the US pine for the "return of manufacturing"?

By Tim Worstall, for Forbes

Aug 17, 2016

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Designing, marketing, branding things which are to be manufactured and sold is a very profitable occupation. Manufacturing the things not so much.

Manufacturing just isn’t the source of high value add, high wages or great profits like it was in the past. Within the United States, manufacturing pays $26.00 an hour, services $25.40 an hour. Sure, 60 cents an hour is 60 cents an hour but it’s hardly an earth shaking difference, is it?

Also, Apple is the, or at least has been recently, most profitable company and most valuable company on the planet and it doesn’t manufacture a thing.

All of which makes it something of a mystery why so many pine for the return of it.

Read the full story.

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