“The current national conversation about manufacturing confuses a reduction in manufacturing jobs with a slowdown in U.S. manufacturing. Period. Once we have properly understood this distinction, unpacked the reality of both, cared to look into the causation of both, and fully analyzed what it all means, we will have a much more effective understanding of the larger issue,” wrote David Bahnsen in his article published July 25, 2025. You can read the article here, and sign up for David’s free articles on the economy, markets, and investing. David is the founder, managing partner and chief investment officer of the Bahnsen group.
You have, or at least I had, some misconceptions about the condition of our manufacturing sector and how it might evolve that this article helped resolve. Those of you who buy things made in factories might want to take a look at it.