Donald Trump is Correct About TPP and China
http://www.thenewamerican.com/usnews/politics/item/21945-trump-correct-about-tpp-and-china
Donald Trump Calls Drop in Chinese Currency “Devastating”
http://www.thenewamerican.com/world-news/asia/item/21393-trump-calls-drop-in-chinese-currency-devastating
From the Article:
“... rising wages in China, the growing need for manufacturing speed and flexibility, and the quality of the American workforce are contributing to this ‘reshoring’ of U.S. jobs.
“... many of the jobs lost in manufacturing haven’t been lost to a rapacious China or bad trade deals, as Trump and Sanders insist, but are largely the result of technological advances here at home.
“Modern factories depend less on assembly-line workers and more on ‘workers who are adept at programming and overseeing high-tech equipment; able to handle multiple jobs … (and to) recommend plant improvements, large and small, on their own.’ People displaced by technology need retraining, he says, not attacks on China.”
The Chinese didn’t go from dung burning rice pickers to car driving vacationers in 30 years without a lot of shenanigans at the expense of Americas middle class.
Sure. And we're suppose to believe this administration has created hundreds of thousands of new jobs. The article also states:
“In the past five years,” he writes, “about 100,000 manufacturing jobs have returned to the U.S. from overseas, 60% of them from China.” Another 50,000 were saved when companies that had planned to move jobs offshore changed their minds.
So that equals about 20,000 jobs per year (what type we don't know) that came back and another 10,000 that were "saved".
Who is "spreading bull" is in the eye of the beholder.
FACT- Companies are leaving China- China Uncensored Video
Fact- the problem with China's currency is not they are devaluing it, but they are propping it up. Meaning, China's economy is structurally flawed that if the Renminbi was floated, it would collapse
FACT- China's GDP has been propped up with Ghost Cities and Zombie Companies
FACT- China has not been successful transforming its economy from trade to consumer based.
This is simple. After they steal borrow or buy or product designs, we make products, they make products. They manipulate their currency so that their workers get paid less and we buy more of their stuff and they buy less of our stuff. They don’t care how little their workers earn. What is their alternative.
Trump/Sanders/Cruz in 2016!!!!!!!!!
Wait -- Investor's Business Daily is deferring to the economic expertise of the New Yorker? My iPhone is nice but all the young adults still living in mom's basement and the 50-60 somethings who are ending their careers as stay-at-home husbands is frankly not worth the price.
(Anytime the Republican and Democrat leaders agree on anything, beware!)
“as an in-depth piece in the New Yorker...”
Ya almost had me...until I saw New Yawker. I doubt I’d trust a liberal rag like that to tell me the sky was blue or water was wet.
Meh
The New Yorker editorial raises some interesting points about a shift in the new century to higher skilled jobs, and a lack of skilled workers here (although wrongly, laughably suggests somehow raising the minimum wage should be part of the solution) but it misses an even bigger point for the cause in Chinese downturn. Their economy has taken a hit in recent years especially last year. Mostly because of their artificial devaluation of their currency. And this is Trump’s main point.
They are manipulating their currency to be artificially competitive with ours and that needs to stop. That’s what Trump is saying has been saying even before he started running for Presidnent. And he’s right the Chinese need to be stopped in their currency manipulations.
He’s right in that they are laughing at us for either not catching on to this or not doing anything about it. I think he will do something about it. It’s not rhetoric it’s real.
So what if some jobs are coming back. Our manufacturing sector had been decimated. The magazine obviously likes the cheap slave labor. To the contrary, it appears that both Trump and Sanders are right on this issue.
Give it up man. Your done.
It might have helped your case if the guys you were supporting weren’t the uniparty sell-out American crowd. Your better strategy would have been to stay out of it, realize DC needs drastic reformation to save the American economy and weigh in on issues where you had something to say. But no, you had to throw your lot in with the sell-out crowd. I don’t get it. But there you go.
In a recent train ride through China, I was struck by the thousands upon thousands of tiny odd shaped pieces of land across the countryside. These pieces were usually all smaller than my front yard. In each and every one, there would be a peasant, usually wearing what we call a coolie hat, working hard, diligently tilling his meager plot - all with hand tools. These subsistent farmers knew that every calorie stolen by a weed or bird meant one less calorie to sustain his family. Each longed for the pennies per hour factory job in the city, because that likely meant a 200 square foot apartment and a more steady food supply.
Now contrast that with the US welfare peasants. Their biggest problem is obesity and maybe an unreliable cable connection. Which would you rather hire?
I can’t verify all of those timelines without doing further research but can agree that today’s manufacturing floor looks much different than those of long ago when I started back in the 70’s, where I was able to start nearly right out of high school, soldering circuit boards and worked my way up from there. We had on the job training and classes. Even then, factory automation was coming on line. Forming components dropped out, wave soldering replaced hand soldering (left for rework and engineering change-driven hand work) I’ve read the article and can agree with the ‘lean-driven’ shop floors of today. But we also started that back in the 70’s, with Quality Circles (called six sigma these days but the improvement tools are essentially the same). While I’m happy to see Appliance Park in Kentucky doing well, the larger electronics industry has been left in the dust here in the U.S.
Tech schools and schooling. Tech school (in lieu of High school) back in my day largely consisted of auto repair for boys and hairdressing for girls. ITT back then taught electronics testing and was and is still expensive.
Drafting is essentially an art lost to technology, as is printing unless you are skilled in Auto-Cad, 3-D modeling, 3-D printing, etc. Training the industrial workers of today and tomorrow has to include computer skills to run these machines, along with the basic and fundamental skills. That holds true for electronics or machining (need CNC) Agree wholeheartedly with the observations on apprenticeships and teaming new workers with skilled experts from the old school. I’ve lamented that in the past as well but was fortunate enough myself to find them. I could go on but will leave it at that for now. Good article.
A small amount of “reshoring “ of US jobs from China is a drop in the bucket compared to more than thirty years of moving US jobs to take advantage of cheap labor in China and elsewhere.
BS article. Trump is right.
This article just proves that the IBD really leans left, and is part of the cabal.
Go to hell.
We will defeat you , traitorous scum !
Good article, notwithstanding the derision of the now-protectionist denizens of FreeRepublic, who used to support a true free-market economy.
China is in the process of collapsing economically, no matter what we do. What we need is to be ready for a depression in China — it’s too big to bail out, even for a mainstream cronyist. (Plus, a depression in China is dangerous because it’s so politically unstable.)