US Manufacturing Extinct? Not Even Close

Discussion in 'Economy' started by GHook93, Jan 12, 2011.

  1. GHook93
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    GHook93 Aristotle

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    I get uptight about the US manufacturing sector when I go to Toys-r-us or Walmart like everyone else. However, US manufacturing is dying it transforming! Did it take a hit during the Great Recession? Absolutely, but so did everything else, INCLUDING the manufacturing sector in 3rd world countries! This is not to say there aren't problems. Our trade deficits are way to hard, we need to start manufacturing in many of the sectors we lost and we need to make manufacturing in the US attractive again. But its well premature to say the American manufacturing sector is dead or dying!

    See below.


     
  2. loosecannon
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    loosecannon Senior Member

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    The reason why the US leads the world in manufacturing output is because that out put is measured in dollars. It costs more to manufacture in the US so we charge more to do it. It costs less to manufacture in China and they charge a whole lot less for it.

    China manufactures far more goods than we do, but they do it cheaper. So fewer dollars/unit are credited to their total output.
     
  3. GHook93
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    GHook93 Aristotle

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    I guess you read none of the above before you responded! Bravo!
     
  4. Mr. Sauerkraut
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    Mr. Sauerkraut Active Member

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    if i had the money, i would found a new enterprise around jeans pants producing. Original american jeans, made from american patriots. I think that could work.
     
  5. william the wie
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    william the wie Gold Member

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    Old news but accurate. Computation of the market value of the Yuan and input price differentials could make it closer but accurate in order of magnitude.
     
  6. uscitizen
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    uscitizen Senior Member

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    Not extinct, However...

    $2,362,250,001,704
    American Companies Sold To Foreign Interests
    The "Great American Sell Off" ticker is an up-to-date projection of the amount of money that foreign companies spend to acquire U.S. companies. The ticker is a projection based on the average amount of money spent per second on acquisitions in the 2007 fiscal year, which was $4,087.85 per second. Use the acquisition index below to see the most current data available on foreign acquisitions.

    List Of American Companies Sold To Foreign Interests
     
  7. william the wie
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    william the wie Gold Member

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    And it will get bigger. Higher productivity American workers are more valuable than Far Eastern or European workers.
     
  8. loosecannon
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    loosecannon Senior Member

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    I read it and understood it

    If we manufactured a 1/2" diameter HSS double ended 2 flute end mill we would be credited with $7 for it's manufacture.

    If China manufactured an identical end mill they would be credited 70 cents for the very same tool.
     
  9. Neubarth
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    Neubarth At the Ballpark July 30th

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    We are still doing fine with the exception that we are not replacing lost jobs. We gotta work on that.
     
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  10. uscitizen
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    uscitizen Senior Member

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    Who needs jobs, we can all just make our living off of the stock market.
    We don't need to actually produce anything.
     

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