Is US Manufacturing Dead?

Recently, Stephan Helgesen has written a great deal about the death of American manufacturing over at here and here. As I point out in this rebuttal, the reality is that, while manufacturing has changed and it employs fewer workers than it once did, it is extremely efficient and produces a great deal of value.

American manufacturing is hardly dead, but, like the rest of the economy, it would benefit from a boost of certainty and market-based policies.