Posted on 02/07/2015 5:52:17 PM PST by 2ndDivisionVet
In the last decade, weve lost millions of manufacturing jobs to outsourcing. According to U.S. News and World Report, there are now 5.1 million fewer American manufacturing jobs than in 2001. The lure of low wages, tax advantages, and other cost savings has made for a seemingly straightforward calculus, and manufacturer after manufacturer, supported by intricate spreadsheets, has abandoned ship, until offshoring has become the emerging mantra of the new millennium. U.S. companies that still manufactured locally have slowly become outliers.
Interestingly, this dynamic now seems to be changing, as were beginning to see more manufacturing in the U.S. Total output from American manufacturing relative to gross domestic product is back to pre-recession levels, with more than half a million new jobs. According to the Reshoring Initiative, 15% of this job growth results from reshoring alone. There are many reasons for this shift back to the U.S.
More bang for the buck.
The first has to do with cost. It used to be cheaper to manufacture outside the U.S.; now the costs are now converging. In the manufacturing sector, the U.S. is still among the most productive economies in the world in terms of dollar output per worker. To be more specific, a worker in the U.S. is associated with 10 to 12 times the output of a Chinese worker. Thats not a statement about intrinsic abilities; it merely reflects the superior infrastructure of the United States, with its higher investments in automation, information technology, transportation networks, education, and so on....
(Excerpt) Read more at forbes.com ...
There’s a lot of reasons things went off shore. Labor, regulations, taxes, market location. Most of that hasn’t changed for the better.
When you need to call people names you show a lack of confidence in your facts and logic. I’m not for free trade, I’m for understanding and acknowledging reality. And part of the reality you’re not understanding is those jobs are GONE, forever, never coming back, even if there’s more manufacturing (because out here in reality there is actually quite a bit of manufacturing happening in this country) it will be done by machines, not people.
So keep calling people names if you must, but understand all you’re really doing is pointing out that your position doesn’t hold water.
I predict a hot war with China and perhaps Russia during this century. If that comes to fruition all of the “free trade” BS ends when the wartime embargo begins.
Not China as long as the current financial situation holds. They can’t afford to be at war with us, without us buying their stuff they fold. Russia doesn’t need us as much, but we’re still in heavy trade. Countries in heavy trade with each other don’t generally get into wars with each other, it’s bad for business. Start with the embargo, and then worse is if you win, now the other side is destitute and can’t afford to buy your stuff.
How much will we have to pay Americans to do these hard dirty jobs so that they will take them? What would it take for YOU to bend down and pick lettuce 12 hours a day in 100 degree weather?
No matter what you paid for “stoop labor” there are very few Native Born Americans who are going to do it. So how much for YOU to do it?????
Propped up by Phunny Money printed up by the Fed and pipelined over (they parked the helicopter: Too much fuel expense) to Lloyd Blankfein at Goldman Sachs, who gets to play in the big casino with B-drinking tatlers, mirrored walls, and America's Black Card at his elbow.
Hope you know when to bail.
Twaddle. Chinese prison-based forced-labor costs, Indian debt-bondage labor costs, and free-trade policies and politics.
Improved access to destitute labor markets is the ONLY reason American financial types drove American mfr's offshore.
Thank you, Bush Family and Carlyle, and your Wall Street investment advisors.
Oh, and they invented the "Peace Dividend" and Attackable America. Anybody want a chunk of that? Help yourselves. We'll be in Monaco.
If there’s twaddle here it’s your post. There’s tons of reasons companies locate elsewhere. And blaming the Bush family is kind of silly since internationalization started in the 70s. Out here in reality things are complicated, there’s no one reason for anything. If you must have only one reason for things you should prepare to be always wrong about everything.
Actually, that phases in over several years, so not yet.
And, I also meant “metro” Seattle.
I don't know exact statistics, but there is a lot more industry outside Seattle's city limits than inside them.
$15 an hour is a pretty good low skill wage outside of Seattle.
Most low skill manufacturing labor around here pays in the $11-$15 range.
Temps usually get around $11 and a few benefits.
Low skill full-timers usually get in the $13-$15 range and average benefits.
The motive is "Cheep" .... Everything else is justification and squid ink.
The motive is cheap, but there’s a lot more than labor that goes into making things cheap or not cheap.
Right now 16% of Ag workers are non-Hispanic, they are doing the hard work now.
Why don't you answer the question. What would it take for you to go out and pick lettuce in 100 degree heat 12 hours a day?
If you won't do it, then why are you complaining that others aren't doing it.
To be honest, I wouldn't do it for $100 per hour. How about you?
When I was in college I worked manual labor for 5 bucks an hour. The type of work I did was construction and there was no heat or A/C either. That figure would have to be adjusted for inflation. But I guess that would be $15/hour now. But I am not in need of a manual labor job now. But a lot of people are.
Most Americans are simply not willing to do manual labor jobs for $15 an hour. They can make a lot more on welfare and food stamps and rent subsidies.
This plus the fact that Millenials don't do manual labor. They are all holding out for management positions.
You are more anti American than ISIS. Maybe you should join them, they have a higher opinion of Americans than you do.
MOST Americans voted for Obama.... TWICE!
Propped up by Phunny Money printed up by the Fed and pipelined over
Why does that only prop up stocks and not gold and oil?
to Lloyd Blankfein at Goldman Sachs, who gets to play in the big casino with B-drinking tatlers
So Goldman sells bonds yielding 2%-4% in return for cash yielding 0.25% and that's a good thing for Goldman? Why?
Oh, come on. Don't tell me you haven't heard about the Fed's war on gold over the last, um, 20 years? Forty years? I don't know how far it goes back -- But gold is the competing product, the alternative to Phunny Money (fiat money) puked out by the Fed and the ECB.
The Fed ran a scam for years dumping gold through Barrick Resources (owned their stock at one point) and Newmont Gold, both of which ran hedge books of forward sales (and purchases). Normally a balanced operation, the companies' hedge books became fronts for a Fed gold-dumping operation that suppressed gold prices in the 90's. Since then, gold has flown up as the Fed and ECB stopped dumping. The underlying competition between Fed paper and gold continues, the Fed having simply found other, effective ways to suppress commodity prices and strengthen demand for its paper, as it did in the summer of 2008.
But you're just setting up a putdown, aren't you? Go ahead, lemme have it.
So Goldman sells bonds yielding 2%-4% in return for cash yielding 0.25% and that's a good thing for Goldman? Why?
Commish, use of Black Card cash tranches from Helicopter Ben (what shall we call Yellen?) and "near-perfect knowledge" to graze on the smalls.
They can make money in any environment. They are Masters of the Universe.
You owned it, or the Fed did?
Normally a balanced operation, the companies' hedge books became fronts for a Fed gold-dumping operation that suppressed gold prices in the 90's.
That's an interesting claim, any proof?
Commish, use of Black Card cash tranches from Helicopter Ben
Can you translate that into English?
and "near-perfect knowledge" to graze on the smalls.
Near-perfect? That's funny.
They can make money in any environment.
Yeah, silly to make claims about free money.
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