Jan 06, 2017
American manufacturing is either on the cusp of a remarkable renaissance or in the throes of a long-term death spiral. And there’s plenty of data and anecdotal evidence to satisfy both views.
Although BCG generally sees the needle moving in the right direction, we’ve noted with concern the sharp slowdown in U.S. manufacturing productivity, which for years had been increasing at more than 4% per year, but now is moving in reverse, as the Bureau of Labor Statistics (BLS) illustrates here.
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