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Why have each of the top twelve manufacturing economies in the world (of which the US is by far the largest) LOST manufacturing jobs since the mid-1990's?
How do you explain the fact that in 2008, the manufacturing output of the US was as large as the entire GDP of Germany, and larger than that of either France or the U.K?
Manufacturing in the US has never been higher. Deception: Lowest Employment share ever ~10%. Does not benefit the Worker. All Gain goes to the Corp. and the Few.
are you asking why....We sent all those jobs to China and elsewhere, but it didn’t impact our manufacturing base at all.
simple.....a company like General Electric......EVERYTHING it makes is made in mexico or maylasia......but since it is a US company all its manufacutring is listed as part of the usa
we could not make one thing in america, as long as the company is HQ'd in the uSA, we would get the 'credit' of it being part of our manufacturing base
even Schwinn bicycles and Buck knives are Chinese
I was just to the dentist.....his rooms all have those nice new electronic xray machines (the ones with out film that load directly into the computer.......are they made in the USA.....nope......Helsinki, Finland
Milling machines? China.
Metal lathes? China.
Cutting tools? China.
Robotic and CNC machines? Japan and Germany
Hershey makes most of its chocolate overseas
Apple I-phones, the most advanced in the world, go straight to China for manufacturing
Leeson Motors move to Mexico...Leeson makes motors for steel and paper mills, and the mining industry.....headquarters to remain in us......(so they get listed as part of the US manufacturing base...but no jobs here)
Modine to Close 3 U.S. Plants: Hundreds of Jobs to Be Cut As Work is Moved Abroad
there is your answer
btw....We see low-wage jobs moving from Mexico, Brazil and SA to China’s manufacturing hub, the Pearl River Delta.
The elder Bush worked on NAFTA for most of 1992. He signed the original NAFTA agreement before leaving office in December of 1992.
Since then, there have been many more tax benefits offered to ease the cost of American Companies taking jobs to other countries.
I don't know why the right is so proud of that site you cited.... except, of course, they're quoting a democrat.
The Republicans are the ones who wrote NAFTA.
That quote sure proves how good they are at blaming others for the things they've done....
Agree, NAFTA and most other Free Trade Agreements are another example of Milton Friedman economic policies that have dominated our economic policy for the past 30+ years. I'm not saying Friedmand did not have a good idea, but letting the market be completely un-regulated and allowed to self-police with agreements is the kerosene to our economic match.
American Companies taking their jobs to other countries are not necessarily the direct result though of NAFTA, they are the direct result of attempting to improve the bottom line of the company while the Federal Gov't relaxed income tax rules on corporations that most precipitated that action. Big business is like water, any loophole created will be enlarged until the underlying principle built upon that foundation fails by pressure built up and exposed by the force of an unrealized profit.
Maybe you should have said ITO, which was to have been the WTO of the post-war era, but when the US refused to join, it ceased to be a viable option, whereupon GATT itself took upon itself as it could the functions that ITO was intended to have carried out. The WTO was meanwhile born as the next evolutionary step out of the GATT Uruguay Round of the mid and late 1980's.
PS. If all you intend to do is copy and paste from wikipedia, why not just post a link instead.
I think there are NAFTA/trade threads, or you can start one if you like. The amount of jobs lost in one month last year outweighs any net loss/gain from NAFTA.
The current discussion in Washington is a series of jobs bills. People opposing that are claiming that we can't increase the national debt right now. I, and the author of the piece cited, think now is exactly the time to NOT worry about the budget deficits. Instead job creation should be priority one, which will actually lead to lower deficits in the long term.
I think there are NAFTA/trade threads, or you can start one if you like. The amount of jobs lost in one month last year outweighs any net loss/gain from NAFTA.
The current discussion in Washington is a series of jobs bills. People opposing that are claiming that we can't increase the national debt right now. I, and the author of the piece cited, think now is exactly the time to NOT worry about the budget deficits. Instead job creation should be priority one, which will actually lead to lower deficits in the long term.
I agree with you about budget deficits in the current economy.
But, creating more government jobs is not the answer.
How, sir, do you propose these jobs are created?
What kind of jobs do you propose?
Last edited by World Citizen; 03-01-2010 at 09:50 AM..
President Barack Obama is in a difficult position when it comes to deficits. Today's high deficits will have to go even higher to help address unemployment. At the same time, many Americans are increasingly concerned about escalating deficits and debt. What's a president to do?
The answer, from a policy perspective, is not that hard: A focus on jobs now is consistent with addressing our deficit problems ahead.
That the president is in a difficult position is an understatement. The monetary views of both parties is inconsistent with a return to good solid economic growth. The Republicans want to cut taxes on the rich to stimulate the economy. What we have now is over investment in personal and corporate debt. Cutting taxes on the rich will just make matters worse in that the rich don't spend their money they loan it out to someone with the expectation of getting it back with interest.
The Democrats believe in tax, tax, tax, spend, spend, spend. That the government should take up the spending when the privet sector is unable to do so. The problem is that currently the National debt is about as high as we can comfortable carry it.
So we need a new approach designed to meet the current economic crisis as it is now. We have way to much personal debt as well as corporate and public debt. Running up personal debt drives the consumer economy. So if we pay down 10% of the total debt 40% of the personal debt then we will have the available energy to grow the economy with.
At the same time as this we need to have a big getting out of debt party. We need to pay down the debt that we have run up. Or write it off as a loss. So to keep this moving along. Rewrite the tax code, revenue neutral, shifting the tax burden from income to the payment of interest. If you don't pay the interest you don't owe the tax on it. Every one wants to get out of paying their taxes so default on your debts and taxes too. Also we need to get the pain of the real estate bubble over with quickly. So tax nonperforming loans 10% a year. See how long they keep those on the books.
This plan will cause a lot of economic pain. The best economic pain killer that I've been able to come up with is that everyone gets a “check” for $1k per month when unemployment is over 5%. this will take away a lot of the pain that we are going through.
Here is an eye opener, in the state of Wisconsin, government jobs now out number manufacturing jobs, its not a good trend.
In terms of output, manufacturing and government would be at something reasonably close to the same level. But government is often more labor-intensive than manufacturing. So Wisconsin's situation would hardly be unique, one would suspect. Think of the Washington DC area, for example.
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Did anyone read the book "Who Moved My Cheese?"....
