In recent weeks, the Obama Administration and media have taken to celebrating the upturn in US manufacturing, which they have proclaimed as the solution to the country's economic woes.
But underlying the recent rebound are some stark facts; the growth in the manufacturing sector has been based on a sharp decline in workers' wages and benefits, fueled by the rapid devaluation of the US dollar. Moreover, it comes after the destruction of nearly 2 million manufacturing jobs, leaving a huge net job loss.
http://www.wsws.org/articles/2011/may2011/jobs-m18.shtml
