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Old 03-21-2016, 05:07 PM
 
Location: Paranoid State
13,044 posts, read 13,876,042 times
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Quote:
Originally Posted by RememberMee View Post
Therefore, a monkey punching yes/no verdict on the underling' proposals, statistically speaking, should be just as effective decision maker, if not more.
How long have you been a professor at HBS?
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Old 03-21-2016, 06:01 PM
 
34,069 posts, read 17,102,875 times
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Quote:
Originally Posted by Larry Siegel View Post
Under massive pressure from the unions and a sympathetic government, auto companies paid close to $50 an hour in today's money, including rich pension benefits, to "Turn-a-Bolt Bob." IT AIN'T COMING BACK and Bob was never worth $50 an hour. It was monopoly pricing.
correct
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Old 03-21-2016, 06:48 PM
 
13,005 posts, read 18,919,106 times
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China may be winning at manufacturing, but that's like winning a Roman chariot race.
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Old 03-21-2016, 07:24 PM
 
Location: Orange County, CA
4,903 posts, read 3,364,522 times
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Quote:
Originally Posted by lieqiang View Post
Of course they don't, hasn't that always been the case? Both statements are true:

- Many of the new jobs in the service sector don't pay nearly as well as manufacturing
- Many of the new jobs in the service sector pay better than manufacturing

Every job in the service sector isn't being a bartender or cashier, the biggest gains for jobs in the service over the past ten years have been:

1. Healthcare
2. Education
3. Leisure & Hospitality
4. Business & Prof Services
Many of the jobs in Healthcare (like orderlies) and Leisure & Hospitality don't pay well at all.

Low-paying/part-time service jobs are the OVERWHELMING majority of the new jobs that have been created recently.
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Old 03-21-2016, 10:07 PM
 
Location: San Francisco Bay Area
7,709 posts, read 5,463,558 times
Reputation: 16244
Quote:
Originally Posted by mathjak107 View Post
The problem here as far as manufacturing processes is the epa restrictions.

We moved our pump manufacturing facility to china from long island .

We were not only not competitive anymore on bids compared to our competitors and risked failure as a company but epa regulations were becoming costlier and costlier.

So we make the castings overseas and do all design ,testing and assembling right in long island and ohio employing 130 people here
The Chinese people aren't so keen to breathe all the crap in their air, either, so be prepared for air restrictions there in the future.
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Old 03-21-2016, 10:37 PM
 
Location: Paranoid State
13,044 posts, read 13,876,042 times
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Quote:
Originally Posted by Lycanmaster View Post
Many of the jobs in Healthcare (like orderlies) and Leisure & Hospitality don't pay well at all.

Low-paying/part-time service jobs are the OVERWHELMING majority of the new jobs that have been created recently.
Orderlies are unskilled. In contrast, there are tons of skilled health care positions including RNs, LVNs, Respiratory Therapists, Occupational Therapists, Physical Therapists, PAs, NPs, Charge nurses, psychiatric nurses, etc. Then, of course, there are IT positions in health care, management positions, administration, patient relations, care coordinators, hospital administrators, human resource managers, purchasing managers, training managers, etc etc.

See the following hyperlink for public sector nurse compensation in Nevada (where it is a matter of public record). nurse - NV Public Salaries - (15,354 results)






Following is a search on therapists: therapist at University Medical - NV Public Salaries - (815 results)




The idea that all Leisure & Hospitality Industry jobs do not pay well is also an urban myth. For example, parking valets at, for example, Bellagio and Wynn and Venetian & Cosmopolitan regularly pull down north of $80,000 per year -- in cash tips (can you spell "not likely reported to the IRS"?) Chefs in the Las Vegas Strip restaurant can make in the $150,000 to $180,000 range. Waiters in those restaurants regularly pull down north of $125,000.
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Old 03-22-2016, 12:33 AM
 
729 posts, read 429,781 times
Reputation: 740
This scares me.
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Old 03-22-2016, 01:15 AM
 
9,891 posts, read 11,774,511 times
Reputation: 22087
Look at the 3rd post to understand something that is not being brought out.

US Companies are bringing their manufacturing to other countries. how bad is that for america ?
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Old 03-22-2016, 03:15 AM
 
106,740 posts, read 108,937,910 times
Reputation: 80218
Quote:
Originally Posted by SFBayBoomer View Post
The Chinese people aren't so keen to breathe all the crap in their air, either, so be prepared for air restrictions there in the future.
that is one of the reasons that manufacturing shifts around the world . if it gets to expensive in one area other areas are ready to take that business
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Old 03-22-2016, 03:27 AM
 
Location: Spain
12,722 posts, read 7,583,898 times
Reputation: 22639
Quote:
Originally Posted by Lycanmaster View Post
Many of the jobs in Healthcare (like orderlies) and Leisure & Hospitality don't pay well at all.
And many of the jobs in healthcare, education, and business services pay quite well.


Quote:
Originally Posted by Lycanmaster View Post
Low-paying/part-time service jobs are the OVERWHELMING majority of the new jobs that have been created recently.
So prove it to me. What percentage of new jobs recently are low paying/part time service jobs? Surely you know since you can say it is OVERWHELMING percentage.

Average earnings by sector here:



Wages for the service providing sector as a whole averages about $45k annually, while education and health services (the latest gains in jobs) average 42k.
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