Posted on 05/14/2016 4:11:12 AM PDT by expat_panama
Most, if not all, of those manufacturing jobs are gone because of better technology, not Mexico
As the primary season progresses,... ...candidates continue to peddle some version of a promise to bring back jobs and manufacturing to America. Voters clinging to this hope need to steel themselves for a letdown. Heres why.
No matter how you measure it, 2015 was a record year for manufacturing...
...Manufacturing employment peaked nationwide in 1977. Since then... ...makes twice as much stuff in an hour as he or she did in 1977...
...In the 1930s, more than half of American household consumption was in manufactured goods... ...Manufacturing now accounts for only a third of family consumption.
These are simple facts...
...candidates blame the North American Free Trade Agreement, but could Nafta cause these job losses? Nafta was implemented in 1994, so if Bernie, Hillary and...
...are to be believed, American firms must have anticipated Nafta by some 20 years (so much for all that short-term thinking on Wall Street).
For every manufacturing job lost since 1977, we have had nearly 10 created elsewhere....
...trade also creates jobs. We have 7 million more transportation and logistics jobs alone...
...The bring jobs back promise is simply fiction... ...graduate degrees in robotics laboring in Palo Alto, Calif., West Lafayette, Ind. and Boston are to blame...
...look at any online help-wanted listing in Indianapolis, where Carrier Corp. (part of United Technologies Corp. UTX...
...the real concern is finding enough manufacturing workers to fill existing demand.
The demagoguery on manufacturing employment is most un-presidential and readily contradicted by easily obtainable data. Candidates cannot bring jobs and production back from overseas, since they didnt go there in the first place. Voters looking for a return to the 1960s economy richly deserve the bitter and lasting disappointment that awaits them.
(Excerpt) Read more at marketwatch.com ...
I guess because they ship them down there by the truck load. A friend of mine had a battery/starter/alternator shop for 40 years and was busier than a one legged well digger for the whole time. Rebuilt everything electrical for cars/trucks/heavy equipment.
Their excuses to move overseas just does not cut it with me. What pees me off is the CEO’s and BOD’s of all these companies worship their god, money, and do not give a damn about Americans, the very people they expect to buy their crap.
BS. Post your source, so we can laugh at it.
The laughs on you
Authors:
Michael Greenstone
Michael Greenstone is a Nonresident Senior Fellow in Economic Studies at the Brookings Institution. He is the Milton Friedman Professor of Economics and Director of the interdisciplinary Energy Policy Institute at Chicago. His other current positions and affiliations include Elected Member of the American Academy of Arts and Sciences, Editor of the Journal of Political Economy, Faculty Director of the E2e Project, Head of the JPAL Environment and Energy Program, and co-Director of the International Growth Centres Energy Research Programme. Prior to rejoining the faculty at Chicago, Professor Greenstone was the 3M Professor of Environmental Economics at MIT.
Greenstone received a Ph.D. in economics from Princeton University and a BA in economics with High Honors from Swarthmore College.
Adam Looney
Adam Looney is Deputy Assistant Secretary for Tax Analysis at the U.S. Treasury. In that role, he advises the Secretary on economic issues related to tax policy, analyzes current and proposed legislation, and provides the official receipts forecasts and revenue estimates for the Administrations budgets. Prior to joining the Treasury, he served as the Policy Director of The Hamilton Project, and was Senior Fellow in Economic Studies at the Brookings Institution. Previously, Looney served as the senior economist for public finance and tax policy with the President's Council of Economic Advisers and was an economist at the Federal Reserve Board. He received a PhD in economics from Harvard University and a BA in economics from Dartmouth College.
Tell this to the 1200 Carrier employees now on unemployment.
Factory automation and offshoring have nothing to do with each other. Talk about red herrings.
Don't let the Free Traitors mislead you. Prices for made in America products are just marginally more expensive.
You are either pro American or you are a traitor.
Oh, dear . . . someone has confused median and mean. Again.
Is havoc back?
I bet you didn’t read the article.
Check out the chart on page 13.
No, I didn’t. I’m on my phone and when I am, I don’t care to bother with left-of-center thinktanks. Was there a graph supporting your claim?
LOL. You can’t be bothered facts. Go play your silly games with someone else.
The Cruz-Freepers who still obstinately linger, like petulant children, have never learned one bit about, and have no curiosity about, TPP, despite the mountain of info available online. Most don’t even know what TPP is an acronym for. They don’t know or care to be informed. Anyone who knows and understands and READS TPP (ok, you don’t have to read the countless pages of individual tariff schedules) knows the truth. Others are uninformed. If you know TPP you know the existential globalist threat it is for USA sovereignty.
Just post the graph here. It’s not that complicated. Or is it?
Hillary and Bernie are lying to the very few idiots that refuse to learn, no matter how outrageous the 'facts'.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.