Rogoff: Manufacturing Disappears With or Without Trump

The video discusses the US economy's recovery and Donald Trump's potential impact on it. It explores the gig economy, changes in job nature, and the decline of manufacturing jobs. The economic transformation of Rochester due to globalization and technology is highlighted. Unemployment rates based on education levels are analyzed, and the business outlook under Trump's policies is examined. The future of manufacturing jobs and growth in the service and technology sectors are also discussed.

What is the current state of the US economy according to the transcript?

• It is declining rapidly.

• It is in need of rescue.

• It is recovering well.

• It is stagnant.

What is the main reason for the decline of manufacturing jobs mentioned in the transcript?

• Lack of skilled labor

• Increased agricultural jobs

• Government policies

• Technological advancements

How has globalization affected cities like Rochester?

• It has hollowed out the city.

• It has led to economic growth.

• It has improved local industries.

• It has increased population.

What is the relationship between education level and unemployment according to the transcript?

• No correlation between education and unemployment.

• Unemployment is highest among those with a high school degree.

• Higher education leads to higher unemployment.

• Higher education leads to lower unemployment.

What sector is expected to see significant growth in the future?

• Mining

• Service sector

• Agriculture

• Manufacturing