So, is U.S. manufacturing on the rebound, or not?
The debate over reshoring continues. Some articles say, “Wow, there’s a manufacturing resurgence underway."
However, growth in manufacturing may not be producing simultaneous job growth. And some, like Tim Aeppel at the Wall Street Journal, say that there just isn't enough evidence yet of an overall revival.
An added worry is that manufacturing expansion actually slowed in March, according to the latest data from the Institute for Supply Management (ISM).
So, the question of whether manufacturing is “coming back” isn’t one that can be answered right now, today.
But there's plenty of work to do. As the Alliance for American Manufacturing (AAM) has explained in a 'Blueprint for Manufacturing,' a manufacturing renaissance can happen through a coordinated strategy of trade, tax, infrastructure, Buy America, and educational efforts.
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