Report
Understanding the causes of the decline in manufacturing employment in OECD countries
Comparing OECD countries, we seek to determine whether the decline in manufacturing employment is primarily due to: Offshoring (trade with emerging countries); Technological progress (productivity gains); Product sophistication (skills, automation); Labour costs (hourly wages). We find that only automation has a significant positive effect on manufacturing employment: robots do not destroy employment in industry - they boost it.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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