Manufacturing Isn't 'Yesterday's Sector,' Says Liveris

The video discusses the perception that US manufacturing has declined over the past decades, contrasting it with the reality that manufacturing remains crucial for innovation. It highlights China's strategic focus on R&D and manufacturing, which has led to significant growth. The video argues that the US excels in high-end manufacturing and innovation, despite outsourcing labor-intensive industries. It emphasizes that the US should focus on high-tech manufacturing, where labor cost is less significant compared to raw materials and supply chain factors.

Why is the United States considered to be the best at high-end manufacturing?

What factors are considered more relevant than labor costs in manufacturing?