Core Viewpoint - The CEO of Apollo Global Management stated that certain manufacturing jobs could potentially return to the U.S. [1] Group 1 - The statement reflects a broader trend of reshoring manufacturing jobs back to the U.S. [1] - The CEO emphasized the importance of domestic production capabilities in the current economic climate [1] - This move could lead to increased job opportunities and economic growth within the manufacturing sector [1]

Core Viewpoint - The article argues that the U.S. government's claim of bringing manufacturing jobs back to America is misleading and a political trap, as supported by data from the Cato Institute scholars [1][2]. Group 1: Employment Trends - Since 1840, the proportion of service sector jobs in the U.S. labor market has consistently been higher than that of heavy industry, with service jobs accounting for over 80% of employment by 2024 [2][3]. - Manufacturing jobs have been declining since the 1960s, while service sector employment has significantly increased during the same period [2]. Group 2: Income and Economic Growth - Despite the decline in manufacturing jobs, American incomes have not decreased; instead, they have seen strong growth due to the rise in service sector jobs [3]. - Over the past decade, hourly wages in the service sector have surpassed those in manufacturing, indicating a shift in economic strength [3]. Group 3: Causes of Job Decline - The decline in manufacturing jobs is attributed to technological advancements rather than international trade or globalization, as companies can produce more with fewer workers [4][6]. - Historical data shows that the significant reduction in agricultural jobs over the past 170 years is also linked to industrialization and technological progress, not job loss to foreign countries [4]. Group 4: Job Transformation - The perspective from Cato Institute scholars suggests that manufacturing jobs have not disappeared but transformed into roles requiring more intellectual labor, such as research and management [10]. - Reports from small business owners indicate that they provide design and branding to production countries, with a larger share of retail profits remaining with U.S. companies [10]. Group 5: Criticism of Government Policies - Increasing criticism from U.S. media and think tanks highlights the flawed understanding of the government regarding tariffs and the notion of bringing manufacturing jobs back [12].