You are right, sort of. . if one doesn't mind getting dizzy from the spin.
I did not make my point well.
My point: You insult western free market enterprises by equating them to Mao-era, Communist-owned worthless "enterprises".
Here's what I mean
Haier Group, China's largest kitchen-appliance maker, is NOT losing jobs nor are any of the modern enterprises built largely with western FDI and technology. These special economic zone enterprises are equivalent to western enterprises. I guess so they either conned, extorted or stole it from western useful idiots.
The old, worthless Mao-era Communist "workers' paradise" enterprises -- we pretend to work and the government pretends to pay us -- are losing jobs and a lot more jobs would be lost if a revolution would not be the result of cutting more "manufacturing" jobs. It is the Chi-coms' banks' nonperforming loans that are keeping these remaining cesspools of waste funded and open.
The point, a second time: you insult western free market enterprises by equating them to such Communist "enterprises" as Qingdao people's Refrigerator Factory -- those are the "manufacturing jobs" that are being lost.
A little history from several Internet sources.
Haier started out as Qingdao peoples' Refrigerator Factory, a state-run enterprise turning out low-cost, low-quality products.
Zhang Ruimin took over in 1984. Mr. Zhang, a Communist Party member and local-government bureaucrat, instituted management and quality-control standards at the plant with assistance from one of Germany's largest appliance makers.
The first thing Mr. Zhang did is assemble the often drunk "employees" of the Refrigerator Factory -- one source said that it was common for the "workers" to urinate on the assembly line -- and proceeded to smash the assembled, worthless refrigerators with a sledgehammer.
My point a third time, you insult western free market enterprises by equating them to Mao-era, Communist-owned worthless "enterprises" like the people's Refrigerator Factory.
You can call those Communist cesspool enterprises "less efficient operations" if you want and spin the B.S. that China is losing jobs like every western free enterprise country but it's still spin B.S.
The series missed the fundamental truth that trade has been a key ingredient in the acceleration of worker productivity and rising living standards in the United States in the last decade. During much of the 1990s, when imports and trade deficits were both rising rapidly, so too were domestic employment, manufacturing output, and real wages. Between 1994 and 2000, civilian employment in the U.S. economy rose by a net 12 million and the unemployment rate fell from 6 percent to 4 percent. During that same period, U.S. manufacturing output rose by 40 percent while the volume of imported manufactured goods doubled during that same period. Meanwhile, real compensation rose for American families up and down the income scale.
MoneyLine Series Misses the Story on Trade and Jobs
While Mr. Uchitelle first began whining about manufacturing being "downsized," it actually grew by 5.3 percent a year from 1992 through 2000. Manufacturing then fell 4.1 percent in 2001 (the bottom of his "trend") but rose at a 6.1 percent pace during the first three quarters of last year. What has been unusual about U.S. manufacturing was not the inevitable recession in 2001 but the unusually long and strong expansion for the preceding eight years. About half of the unusually strong gains came from the manufacture of high-tech equipment, which is a lot more valuable than T-shirts.
The cyclical ups and downs of manufacturing are international, by the way, not national. Manufacturing started falling in August 2000 in Japan and Korea, followed by the United States a month later. When manufacturing falls, so do imports.
Increases in productivity from improved machinery and skills are the reason manufacturing employment falls most of the time, as it does in farming, even when output is growing briskly. From 1990 to 2000, manufacturing employment fell by 0.4 percent a year in the U.S., by 1.8 percent a year in Japan and by 2.5 percent a year in Germany.
U.S. Bureau of Labor Statistics Postal Square Building 2 Massachusetts Ave., NE Washington, DC 20212-0001 |
Phone: (202) 691-5200 |
I guess the huge increase in American manufacturing output during the 1990s was caused by the huge increase in manufacturing workers? Hmmmm...we actually had fewer workers making more stuff? Maybe we closed our Communist-owned worthless "enterprises" while more efficient enterprises were created? I hope you're not feeling too dizzy from this "spin".