All articles tagged with #high tech manufacturing
China's upcoming five-year plan will continue to prioritize high-tech manufacturing and supply-side growth, despite domestic consumption challenges and escalating US-China tensions, reflecting a commitment to its traditional 'all about production' economic approach amid geopolitical competition.
The article argues that high-tech manufacturing in the US has declined in employment due to automation and offshoring, with most manufacturing now highly automated and requiring fewer workers. It discusses the implications for middle-class jobs, national security, and economic independence, suggesting that the narrative of bringing jobs back is complicated by technological and economic realities, and emphasizing the importance of maintaining manufacturing expertise and supply chain resilience.