By Mark Croughan and Trip Calihan
President Trump ran on a political platform that promised a resurgence to the manufacturing sectors and instilled much hope into an industry that many feared was steadily declining. His campaign toted a MAGA slogan that promised to "Make America Great Again," and bring the country back to its economic tendencies of the 1950's that largely relied on these sectors. Many states, especially those in the Midwest, looked at Trump's candidacy as a chance to resuscitate areas that so desperately needed help. However, FRED provides us with empirical examples that explain exactly what has been happening in the industry and why Trump's strong words and optimist sentiment may be good for a few "hiring bumps" but will not be able to sustain a long-term rise in actual manufacturing employment.
Overall, over the last thirty or so years, the amount of jobs in the manufacturing sector has decreased. This is why so many Americans were ready to vote for a President that promised a resurgence in the amount of jobs readily available to the people.
However, as we look at the same time period in relation to actual production in the manufacturing sector, we can see that production has steadily increased, showing no signs of slowing down. Pairing these two pieces of information together, we can safely assume that since production has increased and jobs have decreased over the last few decades, it is taking the same or less amounts of workers to maintain an increasing level of production. This most likely comes from advancements in technology which help increase a single workers production rate. Therefore, it does not make sense for companies to hire more workers given their already-increasing production rates- it would simply be a waste of money.