Timmy ElsewhereMarch 5, 2008 Tim WorstallTimmy Elsewhere2 CommentsAt the GI. Manufacturing employment is shrinking, yes, and it\’s a good thing. previousAnd The Problem Is?nextUmm 2 thoughts on “Timmy Elsewhere” dearieme March 5, 2008 at 10:57 am I’m darned if I can see it being a good thing or a bad thing. It ‘s just a thing, surely? Martin March 5, 2008 at 2:26 pm Tim, Hmm….don’t really agree. It’s execllent theory, for sure – but where ARE these people off doing new things whose employment outwith manufacturing is making us richer? Are they earning more or less in real terms (and please don’t try to sell me some idea about how being able to buy more stuff makes us richer -I buy a consumer good once every three years; I’m not getting any richer); and if these people all doing new and exciting things, why do we need such large scale immigration? ‘Manufacturing’ now also seems to include the output of the utilities, including water. Perhaps the true extent of manufacturing employment’s decline has been is masked by this widening of the definition of ‘manufacturing’. Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.