Much of our old infrastructure is crumbling, slowing down the economy, stalling job creation and making it harder for the United States to compete globally. And the new infrastructure we need isn’t being built nearly fast enough.
The upward revision to consumption reflects spending on wireless-phone services, used cars and electricity and natural gas.
The pickup in core capital goods shipments and orders, along with an upwardly revised gain in June sales, suggests the equipment numbers that feed into GDP calculations were improving at the start of the second half of the year.
Automation may drive productivity gains and export competitiveness, but the rising use of robots also threatens to exacerbate domestic income inequality, undermining consumption.
Automobile production fell 3.6% in July, the fourth decline in the last five months.
A two-job value proposition addresses the demands of the most important constituencies of a business: customers and owners.
These stories show the challenge of producing at home -- as President Donald Trump is pushing for -- and also that it’s not impossible.
Production at shale fields is forecast to expand to 6.15 million barrels a day in September, according to the Energy Information Administration.
Bringing back manufacturing jobs to the United States would benefit not only American workers, but consumers as well.