US Factory Workers Left Behind Amidst Strong Job Market Growth
US Manufacturing Challenges
Dan Ariens laid off workers, cut shifts, and halted hiring at the Ariens Company in Brillion, Wisconsin, due to slumping sales. The US factory employment has remained stagnant for over a year.
Wider Job Market Growth
The job market, on the other hand, has experienced significant growth over the past four years, showcasing a stark difference compared to the manufacturing sector.
President Biden's Industrial Policy
President Joe Biden's industrial policy aims at boosting sectors like semiconductors, electric vehicles, and green technologies, which has led to a surge in factory construction.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.