The latest moves are accelerating the U.S. manufacturing economy’s longer-term decline, as well as its shift away from heavy sectors, such as automobiles and basic chemicals, toward higher-tech products like super-fast computer chips. In some cases, as with auto makers, companies are shrinking to adjust to diminished U.S. demand or investing in smaller, more efficient facilities. In others, companies such as chemical makers are relocating labor-intensive operations to countries where workers are cheaper. |
