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Old 11-19-2017, 02:12 PM
 
Location: Colorado Springs
3,786 posts, read 1,467,232 times
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Quote:
Originally Posted by andywire View Post

America is becoming a second tier nation, thanks to loser liberal economics, which produces far too many losers and far too few winners. W
Ha good one blame the poor instead of the wealthy plutocrats who offshored jobs.
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Old 11-19-2017, 02:14 PM
 
Location: The ends DO NOT justify the means!!!
4,783 posts, read 3,021,576 times
Reputation: 1335
Or the poor who can only afford products made by poorer people overseas....
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Old 11-19-2017, 02:16 PM
 
Location: Kansas City, MISSOURI
5,516 posts, read 1,659,914 times
Reputation: 4732
Quote:
Originally Posted by KonaldDuth View Post
Almost all the job creation is in non-productive industries. I'm talking about jobs like nursing assistants, bartenders, lawyers, accountants, waitresses, marketing managers, real estate agents . How can we have economy based on these jobs? Who is actually producing anllything? Even "tech" companies like Google and SnapChat are basically advertising platforms for goods produced in other countries. Economics 101 says that our economy will collapse.
It is not necessary to "produce anything" in order to have an advanced economy.

In fact, an economy dominated by manufacturing is a sign of a developing nation, not an advanced economy.

That said, the US is still the 2nd largest manufacturing nation in the world. Contrary to popular belief we still manufacturing a helluva lot of stuff. We just do with with a lot fewer people than we used to.
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Old 11-19-2017, 02:21 PM
 
14,365 posts, read 16,288,712 times
Reputation: 12872
Quote:
Originally Posted by shanv3 View Post
In customer service??
If you think the service sector is mostly customer service, then you need to research what jobs are within the service sector.

It's not just customer service, retail and hospitality jobs. It's also technology, engineering, finance, managerial, insurance, healthcare, education, criminal justice, media, sports, entertainment, government, military, transportation and many other jobs.

Some job titles in the service sector: nurse, doctor, attorney, professor, firefighter, police, airline pilot, truck driver, bank president, investment banker, dental assistant, insurance adjuster, software developer, systems analyst, systems administrator, database administrator, pharmacist, accountant, plumber, auto mechanic, utility worker, road and bridge worker, railroad worker, teacher, sales and marketing, real estate broker, small business owner, meteorologist, chef, sports trainer.

Last edited by sware2cod; 11-19-2017 at 02:39 PM..
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Old 11-19-2017, 02:24 PM
 
Location: Gone
25,237 posts, read 13,308,961 times
Reputation: 5915
Quote:
Originally Posted by KonaldDuth View Post
Almost all the job creation is in non-productive industries. I'm talking about jobs like nursing assistants, bartenders, lawyers, accountants, waitresses, marketing managers, real estate agents . How can we have economy based on these jobs? Who is actually producing anllything? Even "tech" companies like Google and SnapChat are basically advertising platforms for goods produced in other countries. Economics 101 says that our economy will collapse.
3rd World status, nope, but no longer the major player, we put ourselves there and sadly are no longer able to change that situation, learn to live with it.
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Old 11-19-2017, 02:24 PM
 
Location: Barrington
41,854 posts, read 31,725,984 times
Reputation: 14078
Quote:
Originally Posted by Southern man View Post
From WIKI

The United States is the world's second largest manufacturer, with a Q3 2016 industrial output (nominal GDP, annualized) of approximately $2.18 trillion, a record level. Real output in Q3 2016 of $1.92 trillion (i.e., adjusted for inflation) was still below the 2007 peak before the Great Recession of $1.95 trillion, but has generally been trending upward since reaching a trough of $1.71 trillion in Q1 2009.[6] The U.S. manufacturing industry employed 12.4 million people in March 2017.[5]

During 2016, the U.S. exported $1,051 billion in manufactured goods and imported $1,920 billion, a manufacturing goods deficit of $868 billion. The largest exports were transportation equipment ($252B), Chemicals ($174B), Computers and Electronic Products ($116B) and "Machinery-Except Electrical" ($109B).[8]
Deloitte & Touche conduct periodic surveys of global CEOs in many sectors. The surveyed global CEOs in manufacturing in late 2015 and the consensus was the US was positioned to regain first place global manufacturing by 2020. The projection was based upon the pipeline for custom industrial robotics being designed to compete with the cheapest global labor.

No matter who was going to be nominated or would win in 2016, he or she would be positioned to take a bow, if / when the US regains the top spot while ignoring the framework was established long before taking office.

The factories of the future will not be nearly as dependent on humans as they once were 50-100 years ago.
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Old 11-19-2017, 02:25 PM
 
3,700 posts, read 3,027,760 times
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"Economics 101 says that our economy will collapse." This observation by the OP is assuming that theories discussed in econ 101 are actually practiced somewhere. Most of the American financial constructs are operating way outside the norms of such highfalutin theory of the kind a college kid is being exposed to. No, the casino meisters of Wall street have conveniently re-written the book on American econ norms, and in doing so, created a scheme wherein the winners are those who operate more along the lines of Vegas douche bags than any university prof explaining the finer points of econ theory.
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Old 11-19-2017, 02:27 PM
 
Location: Gone
25,237 posts, read 13,308,961 times
Reputation: 5915
Quote:
Originally Posted by sware2cod View Post
If you think the service sectors is mostly customer service, then you need to research what jobs are within the service sector. It's not just customer service, retail and hospitality jobs. It's also technology, engineering, finance, managerial, insurance, healthcare, education, criminal justice, media, transportation and many other good jobs.
Sorry but the creation of high paying jobs are not on the rise, the few hiring such personnel are hiring short term contractors and a few direct employees to replace those they lose through retirement and those let go for one reason or another.
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Old 11-19-2017, 02:40 PM
 
Location: Barrington
41,854 posts, read 31,725,984 times
Reputation: 14078
Quote:
Originally Posted by Southern man View Post

During 2016, the U.S. exported $1,051 billion in manufactured goods and imported $1,920 billion, a manufacturing goods deficit of $868 billion. The largest exports were transportation equipment ($252B), Chemicals ($174B), Computers and Electronic Products ($116B) and "Machinery-Except Electrical" ($109B).[8]

China is poised to become the global leader for passenger air travel. Boeing's future is tied to a pipeline of future business from China. Someone must have been able to educate Trump given he has stopped the campaign rhetoric/ intention to declare them a currency manipulator.

It has been necessary for Boeing to agree to allow China to do the interior finishes in China.

Boeing's primary competitor, Airbus, created its first assembly line in China and employs local. They also do not incur shipping or tariffs.
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Old 11-19-2017, 02:49 PM
 
14,365 posts, read 16,288,712 times
Reputation: 12872
Quote:
Originally Posted by Casper in Dallas View Post
Sorry but the creation of high paying jobs are not on the rise, the few hiring such personnel are hiring short term contractors and a few direct employees to replace those they lose through retirement and those let go for one reason or another.
Link? You would think that unemployment would remain high based on your theory. Yet unemployment numbers have decreased. The information age has added a lot of high paying jobs that didn't exist a decade ago. Just because someone is a short term contractor, it doesn't mean they are a low paid worker. IT consulting has a lot of contract jobs but they pay well. When one gig ends, the consultant goes to the next well paying gig.
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