President george w. Bush and a hoover senior fellow. Welcome to the show. You know, every time i see something new you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. I think that jobs have disappeared and are going to continue to disappear, and they are not coming back. Am i wrong . You are not wrong. That is a correct observation, but it is n observation that is not unique to this particular time frame. You mentioned structural change, and there has been a structural change, and structural change has been occurring for a long time. If you go back to the 1950s, we have about 35 percent of our workforce is unionized, and manufacturing for the most part. And then if you look at the numbers, say in 2007 the number that just precedes a recession, we had about the same number of people, 14 million in manufacturing in the 50s, 14 million in manufacturing in 2007. But we were producing six times the number of goods in 2007 that we were producing i
President george w. Bush and a hoover senior fellow. Welcome to the show. You know, every time i see something new, you know, amazon drones delivering a package, i see automated checkout at the cbs on the corner. I think that jobs have disappeared and are going to continue to disappear, and they are not coming back. Am i wrong . You are not wrong. That is a correct observation, but it is n observation that is not unique to this particular time frame. You mentioned structural change, and there has been a structural change, and structural change has been occurring for a long time. If you go back to the 1950s, we have about 35 percent of our workforce is unionized, and manufacturing for the most part. And then if you look at the numbers, say in 2007 the number that just precedes a recession, we had about the same number of people, 14 million in manufacturing in the 50s, 14 million in manufacturing in 2007. But we were producing six times the number of goods in 2007 that we were producing
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