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After the lawyer-politicians on Capitol Hill get off their butts and pass the tax package.
Yeah like that will cause companies to hire again. Meanwhile, companies have been hiring since 2014 with similar numbers to the ones Trump is boasting about. As for the tax policy helping hiring, show me a time when cutting tax rates actually did that. Remember it isn't the access to money that causes more demand for workers, but more demand in your product (whether widgit or service) that does it in all actuality.
Baloney, as it would have to drop like a rock. We've priced it out over the years. The automation involved has had a stagnant price. At a lower MW, we never went any further as payback years involved were unreasonably long.
The liberals, in effect, priced folks out of working. Congratulations! These are not people who will be employed by anyone at that artificially higher rate.
Automation is replacing line workers in china. If its replacing them it has dropped like a rock. Your argument is based on outdated information.
Automation is replacing line workers in china. If its replacing them it has dropped like a rock. Your argument is based on outdated information.
Wrong In China, it is still not happening on a widespread basis. The ROI payback years is always the basis, raise savings by raising wages, make automation payback decrease, make more unemployable while left-wing business ignorant pat themselves on the back. LOL!
IMHO - Those jobs are NEVER coming back. Modern transportation and communications are so cheap it does not matter where the widget or the database are located. The only thing that does matter is the cost of construction of the factory and the labor rate. Even the labor rate is less relevant as new factories in places like Singapore are built with the newest labor eliminating automation.
The Donald's tax scheme is just another form of the economy killing "trickle down" that temporarily enhances returns to the very uppermost crust while placing the burden of government on those least able to pay. Eventually the decreasing demand creates a slowdown that allows the creative speculators sell short as the economy collapses. His scheme is just another payoff to the hyper wealthy.
My tax plan which is based on all income from all sources with a single deductible set at the 90th percentile and progressive rates above that would vastly increase the purchasing power of the 90% which would create economic progress for most even of the very upper crust would have to live on a lot less wealth. Maybe they would have to give up their membership at Mir-a-largo and drive a Cadillac instead of a G-Wagons.
Automation has been hurting manufacturing for a long time. The factories that haven't moved are producing at record-high levels, but due to robots they employ 1/8 the number of people they did 60 years ago.
Wrong In China, it is still not happening on a widespread basis. The ROI payback years is always the basis, raise savings by raising wages, make automation payback decrease, make more unemployable while left-wing business ignorant pat themselves on the back. LOL!
Instead of saying "you're wrong" based on your belief, maybe research some.
The few large Chinese corps did automate, but not the industry in general.
Most Chinese mfg corps are small business.
I am not talking of one large Chinese corp. I am talking Chinese mfg in general.
Unlike you, obviously, I am part of the Cap Ex approval process. Its strictly payback years driven. That's my "belief", how stuff gets approved, how stuff gets rejected.
No one else here discusses the process that matters. It decides who gets fired next when automation comes.
Companies used to invest in their workers, so as to increase their value. Employees are a company's greatest asset, in my honest opinion.
I think the influx of illegal labor sort of put a monkey wrench in that equation though.
ACA made not hiring more attractive.
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As for the tax policy helping hiring, show me a time when cutting tax rates actually did that. Remember it isn't the access to money that causes more demand for workers, but more demand in your product (whether widgit or service) that does it in all actuality.
