Louis Uchitelle Libros

The book delves into the history and impact of layoffs in America, tracing their origins to the mid-1970s and highlighting their psychological toll on individuals across various income levels. Through case studies of companies like Stanley Works and Citigroup, Uchitelle argues that layoffs often hinder long-term efficiency and profitability. He contends that while a competitive economy may necessitate workforce adjustments, there are viable government policy solutions to help companies minimize layoffs and foster job creation, ultimately benefiting both workers and the economy.

In the 1950s, manufacturing generated nearly 30 percent of U.S. income. Over the past fifty-five years, that share has gradually declined to less than 12 percent. At the same time, real estate, finance, and Wall Street trading have grown. While manufacturing's share of the U.S. economy shrinks, it expands in countries such as China and Germany that have a strong industrial policy. Meanwhile Americans are only vaguely aware of the many consequences of the loss of that industrial base, including a decline in their self-image as inventive, practical, and effective people. And yet, with the improbable rise of Donald Trump, the consequences of the hollowing out of America's once-vibrant industrial working class can no longer be ignored. Reporting from places where things were and sometimes still are "Made in the USA"--Albany, New York, Boston, Detroit, Fort Wayne, Los Angeles, Milwaukee, Philadelphia, St. Louis, and Washington, D.C. -- longtime New York Times economics correspondent Louis Uchitelle argues that the government has a crucial role to play in making domestic manufacturing possible