Matt Y commits the infra-marginal fallacy
Man oh man. Can't anybody on these interwebs play this game?
People, the fact that the average wage in manufacturing is higher than the average wage in non-manufacturing is SIMPLY UNINFORMATIVE about whether new hires in manufacturing enjoy a wage premium vs. new hires in non-manufacturing.
Economic analysis is MARGINAL ANALYSIS.
We know that new hires in manufacturing nowadays often come with wages and benefits significantly below historical averages.
This is a basic economic point, but people just keep getting it wrong.