Feldstein: Get Away From Fixation on U.S. Manufacturing

The video discusses the shift from manufacturing to service sector jobs, highlighting that manufacturing jobs now make up less than 10% of the labor force. It emphasizes the importance of service jobs and the role of technology in replacing traditional manufacturing roles. The discussion also covers the potential impact of driverless cars on truck drivers and the need for workforce retraining. The American workforce's adaptability and the importance of learning new skills for future job opportunities are underscored.

What are the implications of bringing back manufacturing jobs for the American workforce?

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How does the current percentage of manufacturing jobs in the labor force affect the economy?

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In what ways can technology impact the future of jobs, particularly in manufacturing?

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What strategies can be implemented to retrain workers who may lose their jobs due to automation?

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Discuss the role of employers in helping workers acquire new skills for different job markets.

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