Manufacturing and Reality

Unfortunately, healthcare and education are also the two sectors that have the least incentive to increase productivity.

So the real problem with manufacturing is that even if its productivity gains continue, since it comprises a smaller part of our budgets, that does the economy as a whole less good.

I feel that it is good for the economy because of the gains that are distributed to other sectors. the only problem is that some sectors are more innovative than others.

I would have to disagree with the statement that manufacturing is a win for both the consumer and the economy. If it was such victory for the economy, both the healthcare and education system would not suffer from massive monetary cuts; forcing consumers to shell out more money for basic necessities. Also, we would not be living in a deficit economy. It is hard to believe that the benefits go to the consumer and the economy. I do not doubt that manufacturing is profitable, the numbers prove it, but where do all the profits go? It is a hard sell to say that they go to education and healthcare.

Perhaps the productive gains from manufacturing cannot cover the demands in the healthcare and education sectors. If this is the case, the consumer still suffers, which in turn causes the economy to suffer as well.