Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
How many were concerned when US companies off-shored operations and made bigger profits that were stockpiled overseas? Why is it so acceptable for consumers to be handed the bill when the corporations never were?
Yep, they punish the consumer for something someone else did.
If folks here read the book "Detroit" (great book), they'd learn that machinists who used to make $50 an hour are now working HERE for $13....fewer bennies too.
So, let's play pretend even tho no company is going to move or build billion dollar factories due to Trumps bloviating.
Summary - "Cons" and "Trumpies" want a domestic auto industry to be larger, right?
BUT, do they support the Unions that made the auto industry great? Do they support the $50 an hour salary and benefits for the average auto worker?
From what I have heard...out of the same mouths (in many cases), they don't even support a minimum wage. Assuming this is the case, why in the world would a few jobs (yes, automation means very few compared to the old days).....make $13 an hour go up to $30 or $40 or more?? I'll answer that - NOTHING.....
So we'll have more people who are working poor....who perform mind-numbing jobs where an hour seems like a day....and, to boot, they will never get ahead. No boat or 2nd house and one-wage earner like the "old days" in the auto biz....
So - please - those who are telling us here how this will benefit us, explain carefully how wages will double and triple....and, also, why such a tiny amount of jobs are relevant??
Note - I was in the metal casting and sheet metal business. The equipment they sell now lets you leave the shop at 5 and when you return at 8 in the morning there will be thousands of parts. Robots take the sheets off a rack and put them in the machines which then cut and form them. The only employees you need are those who program the machines....mostly. Other than that, just a bit of forklift driving and office work...and a janitor, etc.
You cannot turn the clock back. Yet that seems to represent the talking points of many.
The good news is that we will actually have a decent domestic auto industry again.
there is no "we" but whether there is or isnt should be up to auto industry and not the result of a punitive tax on its competition and their american customers.
Quote:
Originally Posted by Freak80
What is the cost of letting all of our productive capacity slip away to other countries? Last I checked, this is still a world of competitive nation-states competing for dominance.
Manufacturing is up:
Quote:
The Federal Reserve recently published several manufacturing statistics from June, and they beat market forecasts and rose from the previous month:
Factory output jumped 0.8%.
Total industrial production advanced 0.6%.
Capacity utilization increased to 78%.
Yes, there have been some hiccups along the way, but this has been the norm for years.
While it is true that factory jobs have fallen by approximately seven million since 1979, manufacturing output has climbed more than one-fifth since 2006. In fact, US manufacturing production, which totals $2.18 trillion, is equal to that of France, the UK, Italy, Germany, South Korea, and India combined ($2.19 trillion).
That’s the fundamental problem with pure unregulated capitalism: it doesn’t take into account the cost of “negative externalities.” Letting China rule the world would definitely qualify as a “negative externality.”
We've never had pure capitalism and have very little unregulated anything. China is practicing Keynesianism on steroids building skyscrapers that sit empty. Its not going to rule the world, Its a house of cards headed for collapse.
Quote:
Originally Posted by Freak80
I’ll pay a few grand more for a car if it prevents my children from having to work in sweatshops owned by Chinese billionaires.
no, you're okay with everyone else paying a "few grand more for a car" because of some made up scenario with no basis in economic reality.
$3,300 - $5,500 price hike is a lot of money. It will probably hit used car prices too since more people will be looking into buying a used car as opposed to new.
A study this week by Experian said that a 25% tariff on imported cars and parts will raise the price of the 20 best-selling vehicles in the United States an average of $3,300 to $5,100, even though most of those vehicles are assembled at US factories.
That’s awesome. Americans cant even afford to finance cars as it is.
Take Dave Ramnseys advice, only buy a new car if your net worth is 7 figures.
It’s about time the government does something about Americans getting into massive debt. No one will be losing sleep over this.
If folks here read the book "Detroit" (great book), they'd learn that machinists who used to make $50 an hour are now working HERE for $13....fewer bennies too.
So, let's play pretend even tho no company is going to move or build billion dollar factories due to Trumps bloviating.
Summary - "Cons" and "Trumpies" want a domestic auto industry to be larger, right?
BUT, do they support the Unions that made the auto industry great? Do they support the $50 an hour salary and benefits for the average auto worker?
From what I have heard...out of the same mouths (in many cases), they don't even support a minimum wage. Assuming this is the case, why in the world would a few jobs (yes, automation means very few compared to the old days).....make $13 an hour go up to $30 or $40 or more?? I'll answer that - NOTHING.....
So we'll have more people who are working poor....who perform mind-numbing jobs where an hour seems like a day....and, to boot, they will never get ahead. No boat or 2nd house and one-wage earner like the "old days" in the auto biz....
So - please - those who are telling us here how this will benefit us, explain carefully how wages will double and triple....and, also, why such a tiny amount of jobs are relevant??
Note - I was in the metal casting and sheet metal business. The equipment they sell now lets you leave the shop at 5 and when you return at 8 in the morning there will be thousands of parts. Robots take the sheets off a rack and put them in the machines which then cut and form them. The only employees you need are those who program the machines....mostly. Other than that, just a bit of forklift driving and office work...and a janitor, etc.
You cannot turn the clock back. Yet that seems to represent the talking points of many.
You are painting a broad picture with your wage assumptions. Assembly line workers in UAW plants do not make $50 and hour in wages. That figure is their hourly salary plus healthcare. The average hourly wage in a plant , this include skilled trades and line workers is around $28 an hour. Starting UAW wage is $14.
Funny thing though, you mention the boat, 2nd home thing. Virtually everyone I know that is involved in the auto industry whether a machinist , line worker, engineer, designer , or skilled tradesman all have a multitude of toys that some of my other non trade workers can't afford.
So , I guess I'm not really understanding what you are debating. The fact that manufacturing , which you've already said is growing here, can't grow and thrive or that no one wants it ?
Dealerships will take the bigger hit. Less so than the consumer.
Another expert heard from. Who do those dealers employ? Ill give you a hint, they're also consumers.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
