For years, conventional wisdom has maintained that US manufacturing industry is on a permanent decline, so some people are arguing, for various reasons, that US government should intervene by either subsidizing the sector or offering tax benefits. Two recent articles I read this weekend offered some new perspectives on American manufacturing.
1. Christina Romer of Berkeley argued that, even if the US manufacturing sector is on the decline, there is little reason that the government should offer the manufacturers a "special treatment".
2. Hal Sirkin of BCG, a consultancy, is bullish, rather than bearish, on the future of American manufacturing.