Sweeney: Tech, Not Trade, Hurt U.S. Manufacturing

The video discusses the insights of economic historian Brad Delong on US manufacturing compared to Germany. It attributes job reductions to NAFTA and China's WTO entry, highlighting the role of technology in productivity. The discussion includes US manufacturing challenges, the need for investment, and industrial policy considerations, with a focus on protectionism.

What is one of the factors attributed to the reduction in U.S. manufacturing jobs compared to Germany?

• The rise of digital technology

• NAFTA and China's WTO entry

• Higher education levels

• Increased domestic demand

How has Germany maintained strong manufacturing productivity?

• By increasing the number of workers

• Through technological advancements

• By reducing exports

• Through agricultural investments

What percentage of jobs in Germany are in manufacturing, according to the video?

• 17%

• 10%

• 27%

• 35%

What is suggested as a potential problem for U.S. investment in manufacturing?

• High unemployment

• Low consumer confidence

• A strong dollar

• High inflation rates

What is one approach mentioned for improving the U.S. manufacturing sector?

• Outsourcing production

• Increasing tariffs on imports

• Investing in more capital and factories

• Reducing corporate taxes