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A Report from the Harvard Business School: Manufacturing (video)
Professor H. Kent Bowen of Harvard Business School discusses the state of American manufacturing.
With Ben Wattenberg as devil’s advocate, Bowen presents economic arguments that counter the commonly held notion that American manufacturing has lost jobs to off-shore operations. Arguments include an increase in high-tech jobs due to computerization in many companies; the economic rebound of Chrysler, Motorola, Texas Instruments, and Intel; and the increase in corporations moving their manufacturing to the U.S. Bowen believes that outsourcing is a positive business strategy and calls for more creative use of the domestic workforce to reduce mass layoffs.