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Old 11-14-2016, 04:02 AM
 
687 posts, read 435,740 times
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Quote:
Originally Posted by lovecrowds View Post
7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak

Also, 1 million less construction workers from 2006 as most population growth is in metropolitan with lots of red tape.

It is confusing how sending e-mails, administration jobs such as making reports and other intangible jobs that produce no tangible product are supposed to sustain 360 million people in 2030

I guess Health Care employment will rapidly increase but government already pays or subsidies through tax breaks nearly 2/3rds of all spending

Government funds nearly two-thirds of U.S. health care costs: American Journal of Public Health study | Physicians for a National Health Program

It just seems how a Finance, Insurance and Real Estate economy with lots of government spending directly or indirectly is sustainable.
My view is that the current paradigm for "growing" the economy is to make sure to put in place extremely overwrought and complicated legislation which requires the employment of 1 million new consultants to interpret and manage the ever-increasing liability incurred on a confused populace.
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Old 11-14-2016, 12:07 PM
 
1,847 posts, read 1,757,726 times
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Quote:
Originally Posted by MTAtech View Post
So, there are a million fewer construction workers now than during the housing boom, when prices were rising -- causing everyone and their brother was building houses before the crash. How surprising.

Second, technology jobs, administration jobs, etc., aren't "intangible jobs" that produce no "tangible product." Administrative jobs that do things such as make sure controls are followed, checks are cut and make work more efficient are hardly intangible. Most of America is performing services apart from manufacturing.
I would think new housing would have to slow down as population gets older and move out of their homes to assisted living, retirement villages ETC. There will be a glut of already built houses on the market.
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Old 11-18-2016, 01:29 PM
 
33 posts, read 18,301 times
Reputation: 62
Quote:
Originally Posted by lovecrowds
It is confusing how sending e-mails, administration jobs such as making reports and other intangible jobs that produce no tangible product are supposed to sustain 360 million people in 2030
There are a minority of people who create huge amounts of value - but the creation of this value requires administration, marketing, finance, etc. specialists to organise the production process (labor compliments) and these get paid out of the earnings of the minority. Then, their incomes directly lead to the creation of an expansive service sector economy who do things like cut their hair, and dry clean their clothes, and serve them meals.

It's actually more problematic to think about what will happen when we automate the email-sending and reports (which, from experience, isn't all too difficult). Though, I'm optimistic.
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Old 11-18-2016, 05:17 PM
 
4,932 posts, read 2,353,120 times
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Quote:
Originally Posted by lovecrowds View Post
It is confusing how sending e-mails, administration jobs such as making reports and other intangible jobs that produce no tangible product are supposed to sustain 360 million people in 2030
Yes! A successful company should have absolutely zero support staff.

20,000 people on the line making widgets every day. On their lunch breaks they can ask for volunteers to handle HR, marketing, accounting and compliance, etc. heck maybe send a few of 'em out for sales call on the weekends so there are people to buy those widgets. They don't need any corporate officers either, just make every decision in a big room with a show of hands.
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Old 11-21-2018, 04:47 PM
 
Location: Copenhagen, Denmark
9,917 posts, read 8,101,793 times
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It's not sustainable, but the US economy, while pointed in that direction, isn't there yet.
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Old 11-21-2018, 05:02 PM
 
8,350 posts, read 3,522,958 times
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Quote:
Originally Posted by Frihed89 View Post
It's not sustainable, but the US economy, while pointed in that direction, isn't there yet.
Of course it's sustainable. Our advanced economy is bound by resources, and we are not out of resources. Our economy is advanced. So we have huge numbers with service industry employment like with HC. And less with general manufacturing, as that can usually be easily and more cheaply imported. And through this importation we save on our own resources.
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Old 11-24-2018, 05:11 PM
 
1,804 posts, read 1,549,201 times
Reputation: 1261
Quote:
Originally Posted by lovecrowds View Post
7,231,000 Lost Jobs: Manufacturing Employment Down 37% From 1979 Peak

Also, 1 million less construction workers from 2006 as most population growth is in metropolitan with lots of red tape.

It is confusing how sending e-mails, administration jobs such as making reports and other intangible jobs that produce no tangible product are supposed to sustain 360 million people in 2030

I guess Health Care employment will rapidly increase but government already pays or subsidies through tax breaks nearly 2/3rds of all spending

Government funds nearly two-thirds of U.S. health care costs: American Journal of Public Health study | Physicians for a National Health Program

It just seems how a Finance, Insurance and Real Estate economy with lots of government spending directly or indirectly is sustainable.
How the world has changed since the OP posted this in 2016. Now, bringing manufacturing jobs back to America is finally important, trade deals that don't hollow out manufacturing are important, stopping illegal immigration to undercut American's wages is important.
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Old 11-24-2018, 05:20 PM
 
Location: Aurora Denveralis
3,472 posts, read 1,184,330 times
Reputation: 4676
Quote:
Originally Posted by Hoonose View Post
Of course it's sustainable. Our advanced economy is bound by resources, and we are not out of resources. Our economy is advanced. So we have huge numbers with service industry employment like with HC. And less with general manufacturing, as that can usually be easily and more cheaply imported. And through this importation we save on our own resources.
Far too simplistic a circle of claims. We are not a diagram on the white board of an Econ 101 class.

To begin with, the population has to be able to afford services.
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Old 11-24-2018, 05:46 PM
 
8,350 posts, read 3,522,958 times
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Quote:
Originally Posted by Quietude View Post
Far too simplistic a circle of claims. We are not a diagram on the white board of an Econ 101 class.

To begin with, the population has to be able to afford services.
My point - as already proven by WW2 - is that we are resource and labor bound, not dollar bound.
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Old 11-24-2018, 06:03 PM
 
Location: Aurora Denveralis
3,472 posts, read 1,184,330 times
Reputation: 4676
Quote:
Originally Posted by Hoonose View Post
My point - as already proven by WW2 - is that we are resource and labor bound, not dollar bound.
Still too small a notion. Where does massive loss of jobs to automation/AI fit in those boundaries? Basic Econ theory doesn't allow for a massive imbalance between labor, income and wealth except to hand-wave away the "excess"workers.
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