Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: nickcarraway

I agree with the article, and it will certainly help with the job picture and the deficit. However, manufacturing has been losing jobs for many decades. The manufacturing that is coming back will not be the same number of jobs that left. As long as we can keep energy relatively cheaper, we can get manufacturing jobs back.


3 posted on 07/18/2012 6:39:53 PM PDT by Vince Ferrer
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Vince Ferrer

It is good thing that we are losing manufacturing jobs.

Technological advances lead to huge increases in worker productivity, which then requires fewer and fewer workers to produce more and more output.

The huge gains in productive efficiency and worker productivity lead to significantly lower and more affordable prices for consumers, leading to a reduced share of food and manufactured goods in both household income and national income (GDP), but increasing levels of output in absolute terms. For these long-term trends we should be grateful for their major contribution to our ever-increasing standard of living.


4 posted on 07/18/2012 6:59:25 PM PDT by moonshot925
[ Post Reply | Private Reply | To 3 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson