--- title: "Meaning & Key Takeaway of: Globally, manufacturing jobs are on the…" description: "\"Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.\" — Joseph Stiglitz" image: "https://sms4smile.com/quotes/i/4cc/joseph-stiglitz-1351_growth_globally-manufacturing-jobs-are-on-the-d_2343827.jpg" --- # Globally, manufacturing jobs are on the decline, simply… ![“Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/4cc/joseph-stiglitz-1351_growth_globally-manufacturing-jobs-are-on-the-d_2343827.jpg) [Download](https://sms4smile.com/quotes/i/4cc/joseph-stiglitz-1351_growth_globally-manufacturing-jobs-are-on-the-d_2343827.jpg) [Open image](https://sms4smile.com/quotes/i/4cc/joseph-stiglitz-1351_growth_globally-manufacturing-jobs-are-on-the-d_2343827.jpg) > “Globally, manufacturing jobs are on the decline, simply because productivity growth has outpaced growth in demand.” [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Productivity gains outpace demand, causing fewer manufacturing jobs. **In simple terms:** Higher productivity reduces job numbers. Key Takeaway Adapt skills to new sectors. Themes economics labor technology productivity employment Mood concerned analytical Type analytical policy When to use this quote - career planning - policy making - education reform - business strategy Key Concepts structural change automation globalization Questions to Reflect On - How can workers transition to growing sectors? - What policies can balance productivity and employment? A Different Perspective May overlook new job creation in emerging industries. ★ ★ ★ ★ ★ No ratings yet [Growth](https://sms4smile.com/quotes/about/growth/) [Productivity](https://sms4smile.com/quotes/about/productivity/) ## Related quotes > [Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring…](https://sms4smile.com/quotes/joseph-stiglitz/technology-has-been-advancing-so-fast-that-the-number-of-jobs/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I am going to bring back infrastructure jobs, advanced manufacturing jobs, clean renewable energy jobs, innovation, technology, small business.](https://sms4smile.com/quotes/hillary-clinton/i-am-going-to-bring-back-infrastructure-jobs-advanced-manufacturing/) [Hillary Clinton](https://sms4smile.com/quotes/author/hillary-clinton/) > [In the four decades after World War II, manufacturing jobs paid more than other jobs for given skills. But that is much less true…](https://sms4smile.com/quotes/christina-romer/in-the-four-decades-after-world-war-ii-manufacturing-jobs-paid-more/) [Christina Romer](https://sms4smile.com/quotes/author/christina-romer/) > [America has lost nearly one-third of its manufacturing jobs since 1997 following the enactment of disastrous trade deals supported by Bill and Hillary Clinton.](https://sms4smile.com/quotes/donald-trump/america-has-lost-nearly-one-third-of-its-manufacturing-jobs-since/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Since 2000, we have lost 2.7 million manufacturing jobs, of which 500,000 jobs were in high-tech industries such as telecommunications and electronics.](https://sms4smile.com/quotes/jerry-costello/since-2000-we-have-lost-2-7-million-manufacturing-jobs-of-which-500/) [Jerry Costello](https://sms4smile.com/quotes/author/jerry-costello/) > [To be sure, India has achieved enviable success in business services, like the glistening call centers in Bangalore and elsewhere. But in the global…](https://sms4smile.com/quotes/steven-rattner/to-be-sure-india-has-achieved-enviable-success-in-business-services/) [Steven Rattner](https://sms4smile.com/quotes/author/steven-rattner/) > [I've travelled to many states and seen the suffering in people's eyes I've visited communities in New York, New Jersey, Pennsylvania, Connecticut, Indiana and…](https://sms4smile.com/quotes/donald-trump/i-ve-travelled-to-many-states-and-seen-the-suffering-in-people-s-eyes/) [Donald Trump](https://sms4smile.com/quotes/author/donald-trump/) > [Ive put forward a plan to make sure that were bringing manufacturing jobs back to our shores.](https://sms4smile.com/quotes/barack-obama/ive-put-forward-a-plan-to-make-sure-that-were-bringing-manufacturing/) [Barack Obama](https://sms4smile.com/quotes/author/barack-obama/) > [I want to bring more manufacturing jobs to America. 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They are not going to employ lots of people.](https://sms4smile.com/quotes/david-brooks/labor-rich-manufacturing-doesn-t-exist-anymore-manufacturing-jobs-are/) [David Brooks](https://sms4smile.com/quotes/author/david-brooks/) > [You lose manufacturing jobs, you rarely ever get them back again.](https://sms4smile.com/quotes/graydon-carter/you-lose-manufacturing-jobs-you-rarely-ever-get-them-back-again/) [Graydon Carter](https://sms4smile.com/quotes/author/graydon-carter/) > [Being a Midwesterner, I know that many of the middle-class manufacturing jobs that had been at the heart of our economy are either gone…](https://sms4smile.com/quotes/eli-broad/being-a-midwesterner-i-know-that-many-of-the-middle-class/) [Eli Broad](https://sms4smile.com/quotes/author/eli-broad/) ## More by Joseph Stiglitz > [I grew up in a family in which political issues were often discussed, and debated intensely.](https://sms4smile.com/quotes/joseph-stiglitz/i-grew-up-in-a-family-in-which-political-issues-were-often-discussed/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.](https://sms4smile.com/quotes/joseph-stiglitz/but-individuals-and-firms-spend-an-enormous-amount-of-resources/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [China, with its large emerging middle class, is among the big beneficiaries of globalization.](https://sms4smile.com/quotes/joseph-stiglitz/china-with-its-large-emerging-middle-class-is-among-the-big/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Trickle-down economics is a myth. 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