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Nearly 9m people were employed in British manufacturing in 1966; by 2011 fewer than 3m were. Manufacturing’s share of the economy is around 10% today, half what it was in 1990. In different countries, from rustbelt America to rustic China, a chorus of voices is urging government to boost domestic industry so that it makes more stuff. The trouble is, most policymakers don’t understand modern manufacturing, let alone how technology is transforming it.

via Manufacturing: The factory of the future | The Economist.

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