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Now I know this is purely anecdotal, but I'm am starting to feel '07/'08 vibes all over again. I've worked in the manufacturing industry for over 30 years. The work I do, is based on future product. What I'm working on now, will be brought to market in '23. My current position is a design engineer for automotive interiors.
Back in '07/'08 I noticed some changes going on in the industry. It's a small community so I have friends that work at many of the large OEM's. We first noticed programs were getting de-contented. Features removed for cost savings. Then, later, programs were getting delayed. And then lastly, programs started getting canceled and then the layoffs started. I eventually was off of work for just shy of a year. The industry was stagnant, with no hiring.
In the past month I've had some colleagues reach out and ask how things were going. Programs at some OEM's were being cancelled, and some layoffs started. Some other places are actually hiring, so that is a different dynamic. I do know, the OEM's have stuck their necks out to bring new EV content to market in the upcoming years. And I do know they will be losing money for a while on these new vehicles. Losing money on a program or a particular part is nothing new, but to this extent it is a bit nerve racking. I know my particular company's revenue is from full size SUV's and pickups. The supply chain issues aren't helping either. The new program I'm working on (EV) already has rumors of being delayed.
I really hope we aren't headed for another downturn in industry. If it happens it will be the third go around. It happened in '96, then in '07/'08 and things are starting to feel a bit uneasy now. I really hope it doesn't get to that point.
The loss of manufacturing jobs is great news, because it will hurt Joe Biden.
I’m hoping for as many bad events as possible, just so Joe Biden gets the blame.
But the report didn't say we are losing manufacturing jobs.
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You are 100% wrong. However, I understand, as being a liberal prevents you from viewing the world objectively and rationally.
Yes, we are experiencing a decline in growth. That's what the numbers say.
What numbers are you seeing that show a sharp decline in US manufacturing? We are still over 50.
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ISM Report: US Manufacturing Performing Well Despite Stressors
May 2, 2022
The ISM’s manufacturing PMI for U.S. manufacturing fell 1.7 points to 55.4%, indicating slower growth.
2022 manufacturing industry outlook Eyeing growth despite turbulence
The manufacturing industry is building back fast, undeterred by significant labor and supply chain challenges. To maintain this momentum, manufacturers should navigate elevated risks while advancing sustainability priorities. Our 2022 outlook explores five manufacturing industry trends that can help organizations turn risks into advantages and capture growth.
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But the report didn't say we are losing manufacturing jobs.
The OP said we are losing manufacturing jobs. I will go with the claims of random people on the internet, rather than actual facts from reports. Because that’s what fits the narrative I’m trying to push.
It's quite disturbing how the alt-right is salivating at the thought of America failing. I will never understand how they can root against America.
I would just be happy if they would not literally, make things up.
At least be unhappy about facts. Not make up facts to be unhappy about.
Listen, they are going to vote how they are going to vote, no matter what, I understand that.
But at least let's look at situations for what they are, that's the only way you fix things.
You can't fix a "tanking" manufacturing sector, because it doesn't even exist.
Let's look at why people are quitting, and how we can improve the supply chain problems that occurring now, and the ones that are predicted due to continuing Covid problems in China.
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We need manufacturing jobs to build up the middle class again. What we have are a lot of really high paying jobs in tech and finance (and some government, but government takes from the system, never creates anything) and a lot of really low paying jobs in retail, service sector.
Well gee.... Ross Perot said it, and Trump said it.
But that is not what the politicians from both parties want.
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