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In a way, today's Commentary on the Public Radio International MARKETPLACE radio show (the best half hour business news on radio, bar none, IMHO), related to this. Robert Reich-former Secretary of Labor- gave the commentary. He said in the last 5 years the U.S. has, indeed, lost 11 % of its manufacturing jobs. In that same time, China.....has LOST more, 15%, of their (larger number) manufacturing jobs! Reich's point: in country after country around the world, manufacturing employment is declining, in point of fact, purely as a result of productivity increases. Same was true in farming; before World War II, 60% of Americans were somehow involved or related to farming; now it's 3%....and we're producing more food with that 3%. He expects that trend to continue.

MARKETPLACE, if you don't already listen to it on your local NPR radio station or via SIRI broadcast (sighs this XMSR shareholder!), you can listen to any time online. They basically have a short morning segment; a short mid-afternoon segment; and then the 30-minute show in the evening, at

http://www.marketplace.org/

For anyone they ever interview on the radio, they have the complete interview on the website later. And I usually check the Business Under the Radar item at the bottom of the page; almost always has at least one thing worth reading every day.


jp
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