Most measures of economic performance show the U.S. outperforming our competitors. The economy is creating large numbers of new jobs, pushing unemployment well under 6 percent.
Large firms play a dominant role in gross job creation, at least for U.S. manufacturing.
The strong economy provides good prospects for reemployment of displaysed workers, often at comparable wages. Media stories exaggerate the overall significance of corporate job cuts, ignoring job creation by the same companies. Solid evidence of worker anxiety is virtually nonexistent, despite media accounts. Trade and immigration are largely positive factors for the U.S. economy. Unions face an uphill battle to maintain their current share of worker representation.