Posted on 12/07/2016 4:28:44 PM PST by Hojczyk
Wednesday on CNBC’s “Power Lunch,” the CEO of U.S. Steel Mario Longhi said after the election of Donald Trump, he has “felt an environment of positive optimism where forces are converging to provide for a better environment,” which he hopes means he can rehire up to 10,000 employees.
Longhi said, “I have not felt an environment of positive optimism where forces are converging to provide for a better environment in quite a while. And this is pretty widespread. Customer suppliers, you know, throughout the communities.”
He added, “I’m more than happy to bring back the employees that we were forced to lay off during the depression … It could be close to 10,000.”
(Excerpt) Read more at breitbart.com ...
No it isn't.
You wrote "manufacturing in it’s pure sense is down!" and that's what I'm challenging you to prove. Where does the second article say this? It doesn't.
In fact it says the exact opposite...
Here's how these numbers work. We've factory production or manufacturing, they refer to the same thing. That's up here. Then we add in mining and utilities (so, oil and gas production and then the creation of energy from them) to give us industrial production. That's the one that's flat this past month as warm weather meant less energy used.Utilities production slid 2.6 percent as warmer-than-normal temperatures reduced demand for heating. It had fallen 3.0 percent in September.
Which brings us to the larger picture. We're coming out of a very nasty indeed recession and manufacturing output swings down more in recession than the general economy. So, since 2008 factory production has fallen and then risen again. And just over these past couple of quarters it has just again reached an all time peak.
So... maybe I did take the time to read it.
“Then we add in mining and utilities (so, oil and gas production and then the creation of energy from them)”
And do the numbers for manufacturing count the items that US corporations manufacture overseas?
Are we manufacturing more cars, trucks, backhoes, ships, etc,?
Do we manufacture our own busses or trains?
Are we producing more steel?
No
Are we manufacturing more cars, trucks, backhoes, ships, etc,?
Cars, trucks, and backhoes yes. Ships no. The US government destroyed the non-military domestic shipbuilding industry decades ago.
Do we manufacture our own busses or trains?
Trains yes. Busses I don't know.
BTW the manufacturing numbers do include items manufactures here by foreign corporations. A job at VW is as much an auto worker job as a job at Ford.
7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak .... May 12, 2015 | 1:23 PM EDT
Manufacturing...Durable goods
Wood products
Nonmetallic mineral products
Primary metals
Fabricated metal products
Machinery
Computer and electronic products
Computer and peripheral equipment
Communications equipment
Semiconductors and electronic components
Electronic instruments
Miscellaneous computer and electronic products
Electrical equipment and appliances
Transportation equipment(1)
Motor vehicles and parts(2)
Furniture and related products
Maybe I could get the mill job I lost in 1974 back. Wait, I’m retired. Too bad.
Are trying to change the subject? Yes there are fewer people employed in manufacturing now than in the past, partly due to outsourcing, but mainly due to automation. That is not the subject dispute here. You challenged my claim that we manufacture more products now than ever before. I have given sources for that claim.
“Car, trucks, backhoes, trains yes. Busses I don’t know.”
I think you should check the numbers...almost all new mass transit vehicles are being imported from Korea, Japan and China. Next time a city you are familiar with buys new trains or busses, check where they are made...overseas! The same goes for heavy equipment...CAT has been losing market share for decades.
BTW...we are not even factoring in the growth, both in population and GDP. The more GDP and population, the more we should be producing durable goods and electronics. Check the tags on your appliances and TV’s lately?
Yet CAT’s sales have been going up during that same period (excluding heavy truck engines, a market the EPA drove them out of). This just means the market is bigger now than in the past. As for trains, I thought you meant real choo choos, not subways, monorails, and the like. I’ll defer to your experience on those.
LOL! What do you mean lately. The government destroyed the domestic electronics industry in the 1960's. I used to have a job selling stereos when I was in high school in the 70's. I don't think there was an American product in the store.
BTW...we are not even factoring in the growth, both in population and GDP. The more GDP and population, the more we should be producing durable goods and electronics.
True. But there are no "right" ratios between population, manufacturing output, and manufacturing jobs. We are more efficient and produce more per worker now than ever before. So the ratio of manufacturing workers is lower relative to the population, even though the amount of manufacturing output to population may be higher.
“As for trains, I thought you meant real choo choos, not subways, monorails, and the like”
I think we probably are both right, just that we are counting from different product lists. Also, it would be nice if the government would make keeping track of these things easier. The unemployment number is a good example ... you have to take account of the number of workers who have left the job market to get a real read on job growth or what types of jobs are growing.
Or like the COLA index not including the cost of food and energy.
Jeez, another win....US Steel...10,000 jobs? Nice...
“even though the amount of manufacturing output to population may be higher.”
I guess that’s really what we are trying find out....do we make more of the products we need to buy on an equal relationship with population growth; productivity tells us how efficiently we produce products...but what we want is for more products to be made in the US. and by most measures that number has gone down....relative to population growth, we make less cars, trucks, appliances, etc...most durable goods.
He’s accomplished more in a month as President-elect than Zero did in 8 years.
There are some things that a country is expected to do for its people to be self-sustaining: 1) be able to feed them, and 2) be able to defend them.
If we were to ever get into a shooting war with China, for instance, where the cheap steel comes from, then what happens if they cut off our supply of steel that goes into making the planes, tanks, and arms that it takes to fight a war?
We need to sustain a strategic industrial base that includes mining for ore, drilling for oil, and manufacturing durable goods, so that we can continue to produce in the event that the world embargoes us during a conflict.
-PJ
Har, Hardity Har Har.......
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