Executive Council Statement
The Crisis in Manufacturing Is A Result of Failed Policy
… is the engine of productivity growth for the American economy, and its higher paying jobs have been the ladder to the middle class for millions of Americans. But policy-makers have fallen into the trap of thinking that a job is just a … massive loss of manufacturing jobs, stagnation of wages, a worsening of income distribution, destruction of a vital avenue to prosperity for millions of working Americans, and creation of a record trade deficit that exposes our economy to the … dollar to remove the price disadvantage that this imposes on American manufacturers. And the governments of the G-7 must work together to create a climate of global growth fueled by rising demand. …