American Manufacturing under Trump and Biden Administrations
Former President Donald Trump and Vice President Kamala Harris both claim credit for American manufacturing success, but data shows mixed results. They each cherry-pick data to support their arguments. Manufacturing job growth under both administrations followed a similar pattern of growth and then decline. Other measurements like productivity and output show varying trends. Various experts and reports highlight different aspects of the manufacturing sector under Trump and Biden, pointing out both positive and negative impacts.
Key Points
- Manufacturing job growth under Trump and Biden followed a similar pattern of growth and decline.
- Other measurements like productivity and output show varying trends.
- Experts have differing opinions on the health of the manufacturing sector under both administrations.
Pros
- Manufacturing job growth increased under both Trump and Biden administrations.
- Biden's administration has seen private investment in manufacturing rise significantly.
- Government incentives under Biden have supported clean energy development and semiconductor research.
Cons
- The rise in manufacturing jobs stalled in the third year of both Trump and Biden administrations.
- Manufacturing wage premium over non-manufacturing jobs has been steadily falling.
- Manufacturing job creation has lagged behind overall job growth.