Since 2000, factories have shed 5 million jobs despite growth in manufacturing output. With union wage rates,
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Since 2000, factories have shed 5 million jobs despite growth in manufacturing output. With union wage rates, factories are investing in automated machinery and technologies to make them far more productive.
Explain how automated machinery and new technology allows factories to be more productive. Why are factory jobs disappearing despite greater manufacturing output?
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Installing automated machinery and new technology increases the value of margi...View the full answer
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