The economic recovery: Not quite what it seems

Posted: February 27, 2015 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

Planet of the phones

Fly Title: 

The economic recovery

Rubric: 

Talk of a renaissance in American manufacturing is overblown

Location: 

CHICAGO AND INDIANAPOLIS

Main image: 

20150228_USP001_0.jpg

AT A gleaming Rolls-Royce factory in Indianapolis (pictured), a team of workers produces “LiftFans”, gadgets that help fighter planes take off and land without needing much of a runway. This plant is a far cry from the hot, smelly, noisy places that people normally associate with manufacturing. Workers in goggles hand-build the LiftFans, which sell for millions of dollars, with the help of state-of-the-art machinery. Computers quietly hum. The atmosphere is disarmingly serene.
America has some of the world’s most impressive manufacturing facilities. But talk of a “renaissance” is certainly overblown. Growth is being driven by a small number of industries, which are hiring few new workers. And even …<div class="og_rss_groups"></div>

via Economic Crisis http://ift.tt/1FYPOy8

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