Column: Decline in manufacturing does not spell doom for economy

I am often asked some version of the question, “Can we really survive becoming a huge service economy; won’t our loss of manufacturing jobs spell doom for our country?”

The answer is, “No.” If we face doom, it is mostly short term and not a product of our industrial change.

Here’s why.

First, we are and always will be a manufacturing nation. It’s just that we will continue to grow our manufacturing production with a smaller share of workers.

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