Re: “2% is anemic, historically...”
Not sure I understand your point.
The number of manufacturing employees went down for two years.
But the value of the goods they produced went up 2%.
We are currently producing as much as we produced in Q1 2008, just as the Great Recession began.
However, we are producing it with 1.5 million fewer workers!
My point is completely valid.
Technology is destroying wages and employment in USA manufacturing much faster than trade treaties and foreign competition.
HAs anyone dialed "0" for the operator lately?