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H 2012 EXECUTIVE SUMMARY In the 2000s, U.S. manufacturing suffered its worst performance in American history in terms of jobs. Not only did America lose 5.7 million manufacturing jobs, but the decline as a share of total manufacturing jobs (33 percent) exceeded the rate of loss in the Great Depression. 1 Despite this unprecedented negative performance, most economists, pundits and elected officials remain remarkably blas about what has transpired. Manufacturing, they argue, has simply becom.
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