Productivity, crises and imports in the loss of manufacturing jobs

Dados Bibliográficos

ID5101367
AutoresKyle Moody (0009-0007-0139-0855, University of Westminster, autor correspondente)
Ano2020
Volume44
Fascículo1
Páginas47-61
Data de publicação2020-03-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoCapital & Class (JOURNAL)
Identificadores do periódicoISSN: 0309-8168 • E-ISSN: 2041-0980
EditoraSAGE Publications Inc (PUBLISHER)
DOI10.1177/0309816819852755
OpenAlexW2950486710
IdiomaEN
Citações recebidas1
Referências citadas7

The massive loss of manufacturing jobs in the United States even as manufacturing output continued to increase has been a source of debate between those who see this primarily as a result of globalization and trade, on one hand, and those for whom the dynamics of capitalism with its economic turbulence, job-displacing technology and productivity increases is the major cause, on the other. It is a debate with political implications. In the United States, those who see trade imbalances as the major cause of job loss compose a broad spectrum including many liberal economists, trade union leaders, related think tanks and the Trump Administration who place the blame on a foreign 'other' rather than multinational capital. Supporting this analysis are a series of recent academic articles that largely ignore economic crises and reject productivity, in particular, as reasons for declining manufacturing employment. This article will critically analyse their arguments and propose a different explanation rooted in the turbulence, competition and class conflict inherent in capitalism as these have unfolded in the United States during the neoliberal era

Blame · Capitalism · Economics · Globalization · International trade · Job loss · Macroeconomics · Market economy · Multinational corporation · Orthodoxy · Political economy · Political science · Politics · Productivity · Unemployment · Employment and Welfare Studies · Law · Political Economy and Marxism