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7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak
CNS ^
| May 12, 2015
| Terence P. Jeffrey
Posted on 05/13/2015 6:43:50 AM PDT by xzins
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1
posted on
05/13/2015 6:43:51 AM PDT
by
xzins
To: All
Growth is not supposed to just be in dollars, it is also supposed to be in a balanced prosperity. Otherwise, it is only growth in certain sectors.
2
posted on
05/13/2015 6:44:10 AM PDT
by
xzins
(Donate to the Freep-a-Thon or lose your ONLY voice. https://secure.freerepublic.com/donate/)
To: xzins
The real tragedy are those masquerading as Conservatives that assert that loss of manufacturing jobs is a natural progression in an evolving economy...
...while blatantly ignoring the politics that drive jobs overseas under the stated goal of equalizing global prosperity and calling that ‘free trade’...
3
posted on
05/13/2015 6:56:11 AM PDT
by
logi_cal869
(-cynicus-)
To: xzins
Of course offshore manufacturing has been the major reason for the US decline as demonstrated in the graph. However, automation and robots probably are now and will become the major reason for further US manufacturing decline.
4
posted on
05/13/2015 6:59:29 AM PDT
by
grumpygresh
(Democrats & GOPe delenda est. U.S. Federal government = 1930s Nazi gov.)
To: xzins; tcrlaf; Lurkina.n.Learnin
This thread may be pulled because the article was
already posted here, but before it goes we can still enjoy the chat.
The article's focus is faction dogma and it's not about economics, business, or about earning a living. If it did have anything to do with our feeding our families then it would admit that American incomes are up, not down. Let's cut to the facts, that American factories produce more goods with few people and the greater wealth creation has upped most people's incomes.
OK, so the article tried to fog the income part with stats on high school grads, but the fact is that most Americans not only finish high school but proceed to some form of trade-school/college. Those same Census numbers the article cited show real median household incomes increased as employees left manufacturing, peaked decades later, and are still thousands of dollars higher than they were in '79.
To: xzins
Population 1979: 225 million
Population 2015: 320 million (not including illegals)
To: xzins
Much of the loss was caused by the enormous investment in robotic technology. Today, work places like automobile assembly lines and even underground coal mining require a LOT less people because computer-controlled machines are doing a lot of the repetitive or dangerous work that used to require a lot of laborers. (Indeed, you need a lot more technical knowledge in 2015 to work in a coal mine because of all those computerized mining machines.)
7
posted on
05/13/2015 7:11:56 AM PDT
by
RayChuang88
(FairTax: America's economic cure)
To: logi_cal869; grumpygresh
My sense is that globalization drives this more than automation. The idea of cheap labor is what drives globalization, and automation is only an issue if the automation process is guaranteed to replace a human with a cost savings. So, it might not be as enticing a direction as some observers might think in some areas.
8
posted on
05/13/2015 7:12:43 AM PDT
by
xzins
(Donate to the Freep-a-Thon or lose your ONLY voice. https://secure.freerepublic.com/donate/)
To: Right Brother
7 million more high paying jobs right now would be huge. Only about (a measley) half a trillion more in annual incomes.
9
posted on
05/13/2015 7:15:16 AM PDT
by
xzins
(Donate to the Freep-a-Thon or lose your ONLY voice. https://secure.freerepublic.com/donate/)
To: logi_cal869
Only Pat Buchanan takes that view, and he has been repudiated three times by the American people, uninformed as they are.
10
posted on
05/13/2015 7:16:28 AM PDT
by
Theodore R.
(Liberals keep winning; so the American people must now be all-liberal all the time.)
To: expat_panama
11
posted on
05/13/2015 7:18:06 AM PDT
by
xzins
(Donate to the Freep-a-Thon or lose your ONLY voice. https://secure.freerepublic.com/donate/)
To: expat_panama
12
posted on
05/13/2015 7:19:26 AM PDT
by
xzins
(Donate to the Freep-a-Thon or lose your ONLY voice. https://secure.freerepublic.com/donate/)
To: RayChuang88
Same thing in sawmills. They built new sawmills that dramatically increased production with way less people.
13
posted on
05/13/2015 7:36:01 AM PDT
by
Lurkina.n.Learnin
(It's a shame nobama truly doesn't care about any of this. Our country, our future, he doesn't care)
To: logi_cal869
The real tragedy are those masquerading as Conservatives that assert that loss of manufacturing jobs is a natural progression in an evolving economyYou are correct on that one. There is no such thing as a "normal" evolution of an economy. It is not foreordained that more developed economies will abandon manufacturing.
In our case, the relative decline in manufacturing (relative -- not absolute -- manufacturing continues to grow in the US) is due to an overinflated dollar that makes foreign goods more affordable than domestic goods.
With a stable dollar and more benign government regulations, the increased capital generated by improved production processes would be reinvested in new lines of manufacturing. Instead, we've siphoned off capital to grow government and playing games with money has replaced investing in the production of tangible goods.
14
posted on
05/13/2015 7:49:26 AM PDT
by
BfloGuy
( Even the opponents of Socialism are dominated by socialist ideas.)
To: BfloGuy
I am not convinced that the few pennies on the dollar saved on third world labor is even passed on to the consumer. It goes to stock holder dividends.
15
posted on
05/13/2015 7:56:53 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn.)
To: xzins
3 hour ruleSUPER! That means after lunch if folks lose interest we can post it again!
To: xzins
7 million more high paying jobs right now would be huge. It would be a good first step but remember that ten million people need to be hired right now to just bring the employment/population ratio back up to pre-2009 levels.
To: expat_panama
18
posted on
05/13/2015 8:25:43 AM PDT
by
xzins
(Donate to the Freep-a-Thon or lose your ONLY voice. https://secure.freerepublic.com/donate/)
To: expat_panama
I agree. They’d still be down jobs even if they had the 7 million back.
19
posted on
05/13/2015 8:26:34 AM PDT
by
xzins
(Donate to the Freep-a-Thon or lose your ONLY voice. https://secure.freerepublic.com/donate/)
To: logi_cal869
The real tragedy are those masquerading as Conservatives that assert that loss of manufacturing jobs is a natural progression in an evolving economy...
...while blatantly ignoring the politics that drive jobs overseas under the stated goal of equalizing global prosperity and calling that free trade...
Unfortunately, you're right, a lot of conservatives/libertarians have fallen into this trap. In this case, on this issue, this is where I break ranks with them.
20
posted on
05/13/2015 8:35:50 AM PDT
by
Nowhere Man
(Mom I miss you! (8-20-1938 to 11-18-2013) Cancer sucks)
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