LOL...
Posted on 02/07/2015 5:52:17 PM PST by 2ndDivisionVet
In the last decade, we’ve 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 we’re 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. That’s 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 ...
Boatbuilding (pleasure boats) is still American Made...the only major company owned by foreign company is RecBoat Holdings, (Glastron) which is owned by the French company Bettaneau.
Tell that to the Walton family.
That is not how it works and I've explained to you that labor is only 10% of the retail cost of any item. You are being obdurate, again.
So if a guitar costs $1000.00 and labor is 10%(that is high labor is usually 7%) then a slave produced guitar still costs $900.00 plus shipping.
As wages rise the students will take those STEM clases.
A WalMart in CT had a listing on the wall where things came from...fishing tackle from Ft Smith Arkansas and tents in Kentucky...it was nice to look at...after Sam died... they painted it over...
Importing and retailing creates an tiny fraction of wealth compared to having the whole supply chain in the good ole USA. But I am talking to a Free Traitor so I don’t expect you to understand, brain washing and all.
LOL...
A large chunk of the stuff that is manufactured in the United States is done by labor using Illegal Aliens and foreign workers who send back half their earnings to their home countries.
Go to any furniture factory or mattress factory or food factory or machine shop and count the people who speak english that are making that stuff. Cars are made in the US these days because 90% of the work is done by robots.
The only answer is to eliminate the income tax and fund our government using tariffs on foreign goods.
That means you will have to pay $200 for that pair of sneakers and $5000 for that 40 inch television.
Are you prepared to go there?
Obviously you haven't seen how a guitar is made.
So if a guitar costs $1000.00 and labor is 10%
If it costs $1000 then it was probably made in Mexico. If it costs $500 then it was probably made in China. If it costs $2500 to $3500, then it was probably made here.
I think you are mentally retarded.
Labor cost is only ONE of MANY component in manufacturing. A TV cost breakdown consists of labor, materials, engineering, taxes, warehousing, overhead, equipment, machinery, electricity,profit , advertising, management. Historically labor is about 7% of the retail price. There is not gong to be a $5,000.00 TV. The cost may go up 3-5%. That is it.
For the sake of discussion we are talking about mass produced items. You pick one of the most labor intense boutique items, guitars, and try to foist that as the bullwork of your argument. Nice try. No sale.
Since when did Free Republic turn into Democrat Underground.
It creates wealth for the few at the expense of the many.
Thanks for illustrating that point!
When you signed up.
Since when did Free Republic support sending American jobs to communist China?
I was talking about quality products that are MADE in the USA. If labor is only 7% of the cost of a manufactured good, then what difference does it make where it is manufactured?
Exactly! Why off shore our nations wealth creation engine to save 2-3%? You get it! What we are doing is stupid.
We’re in Toffler’s third wave, but our profits from technological advances isn’t sufficient enough to make up for the loss of the blue collar manufacturing jobs.
On top of that we keep giving the family jewels away as gestures of good will and good intent.
Which jobs are those? Making shoes?
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