The U.S. manufacturing industry ended 2003 with fewer workers than at any time since 1958, and some economists mistakenly blame a shift in consumer demand away from manufactured goods. But E.P.I. economist Josh Bivens examines the real culprit behind falling production: rising trade deficits in manufactured goods. In today's EPI Snapshot, Bivens shows how demand for manufacturing output has actually risen in the past 10 years, making international trade a strong factor behind the manufacturing industry's decline.

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