You are clueless once again, doing nothing but parroting the party talking points.
Don’t Blame China For Taking U.S. Jobs
"The study reports as well that trade accounted for 13% of the lost U.S. factory jobs, but 88% of the jobs were taken by robots and other factors at home."
"Investment in automation and software has
doubled the output per U.S. manufacturing worker over the past two decades. Robots are replacing workers, regardless of trade at an accelerating pace."
Why do you think that there was no drop in output while there was a drop in employment?
Employee numbers started dropping in 2000
View attachment 293513
yet there was only a tiny dip in output that recovered with in 2 years.
View attachment 293516
Mac-7.... Gater, is entirely 100% correct on this point.
The vast vast majority of job-loss has came from automation. The only place where jobs in manufacturing has increased, is in China, where the price of labor is so low, that it is actually profit-losing to automate.
In Mexico even, most of the manufacturing plants being built are more automated than those in the US.
Manufacturing is not dying, and manufacturing jobs will never cease to exist..... but they will also never be a major force in the US economy.
Now that isn't to say that foreign companies helped in this process. Most certainly Unions made their respective companies un-competitive on the market, relative to the non-union foreign companies.
Even within our own country, we see the rise of non-union steel companies, overtaking the union ones. Nucor for example is non-union, and slowly edging out US Steel in steel production.
So Unions certainly helped to wipe out jobs, relative to non-union foreign companies, clearly harmed employment.
However, the bottom line is that automation wiped out more jobs, than anything China did.
And even if we blocked all trade with China, it would never bring those jobs back.
If they brought iPhone production to the US, it would be entirely automated. You wouldn't have tons of high paid manufacturing workers, doing it.
We have millions of low education workers who are not suitable for high tech manufacturing
But they still need jobs
And we need to keep more of the $350-500 billion going to china in America
If automation is the future I want it in America rather than in china
I want the robots designed and manufactured here as well as put to work here
Well we do. As stated, manufacturing has not disappeared. In fact, it was a record year 2018, in manufacturing. If we rounded up the entire manufacturing sector of the US into a separate country, it was have a GDP of $1.9 Trillion, or be 8th largest economy in the world.
Nevertheless, the solution to more manufacturing in the US, is more trade, not less trade.
A trade war will not making more products be manufactured in the US, but rather fewer.
General Motors, makes more money outside the US, than inside the US. Apple makes more money outside the US. In fact, even McDonald's makes more money outside the US. Yes I realize McDonald's isn't in manufacturing, but the point is.....
Nearly all international companies make more money outside the US. Nearly all.
The US might be the single largest market, but if you consider outside the US as being a combined market, then the US is not the largest market.
The largest market, is the other 7 Billion + people on the planet.
If you force any company to choose between having a manufacturing plant in the US, that only serves the US market, or a manufacturing plant that is outside the US the serves the 7 Billion+ people in the world market.....
Which would you choose? Well I can tell you where anyone with any intelligence would choose... they would choose to build for the international market.
We need to stop making out like the US is this indispensable market. In the 50s, it most certainly was. 60s and 70s, not quite as much. But now after Capitalism has brought billions of people above poverty around the world, we are simply not the one and only market in the world, that everyone must be a part of.
If you force companies into a "our market or the worlds market", it will soon be the worlds market, and not ours.
General Motors, makes more money outside the US, than inside the US. Apple makes more money outside the US. In fact, even McDonald's makes more money outside the US. Yes I realize McDonald's isn't in manufacturing, but the point is.....
General Motors, makes more money outside the US, than inside the US. Apple makes more money outside the US. In fact, even McDonald's makes more money outside the US. Yes I realize McDonald's isn't in manufacturing, but the point is.....
do GM and other global companies still ant the benefits and protection afforded by the US flag?
i bet they do as they cozy up to our biggest enemy
why should Americans care how much money GM makes in china since it is not benefiting them?
But now after Capitalism has brought billions of people above poverty around the world,
That is not a compelling argument for me
we sacrificed some of our wealth through the Marshall Plan and allowed the euros and japanese to grow at our expense
But the Cold War is over and we cannot lift the whole world out of poverty on the backs of Americans
why should Americans care how much money GM makes in china since it is not benefiting them?
You missed my point. My point isn't that you should, or should not care about profits made outside the US.
Now I could make that case..... I own stock in companies that make more money outside the US. I think all people should own stock in companies, and if they have a 401K or a pension, or a annuity, then all people have a retirement at all, should support companies making money outside the US, because it benefits them.
Plus.... now with lower capital gains taxes, many of those companies, have started bringing those profits back to the US, to invest in the US.
US companies bring home $665 billion in overseas cash last year, falling short of Trump pledge
So earning money outside the US, is directly benefiting the US. By the way, other countries have much lower taxes on profits brought home. We're one of the few stupid countries that doesn't have that as a policy.
However, as I said, that was not my point. My point was.... if you make it through tariff and protectionist policy, a system where companies can either make products for the US, or the entire world.... they are going to make it for the entire world, not the US.
The world will win, and the US will lose. Have trade barriers is going to a create an "The USA or Everyone else" system... and in that system, everyone else wins.
Say I am a large company, and I have $40 Billion dollars to build a manufacturing plant, that will produce a product, and create 500 jobs.
I can either make that manufacturing plant in Mexico, or I can make it in Tennessee. I don't have $80 Billion to build two plants. I can either make it in the US, or I can make it outside the US in Mexico.
One or the other.
Where do I build the plant?
Well if I build it in the US, because of trade barriers, I can only sell to the US market.
If I build it in Mexico, I can sell it world wide, to the 8 Billion people on the planet.
Where do I build the plant? In Mexico of course. I make a ton more money selling to the world market, than I do selling to just the US market.
The US loses.... and the world wins.
So doing this "us or them" trade war game, is going to be a loser for the US. And it always has by the way. Trade barriers, and protectionism have always destroyed the people engaging in it.
Jamaica, East Berlin, Venezuela, Cuba, protectionism has never been a benefit to the countries that engage in it.
Again, as I said before on this forum.... if protectionism, and limiting trade was a net benefit, then why are we putting trade sanctions against Russia over the Ukraine? By the logic of protectionism, we are forcing Russia to be wealthy, by restricting trade on them.
Why would we 'punish' people with restrictions on trade..... and then restrict our own trade to somehow benefit us? These are mutually exclusive ideas. It can't be both.
So that is my real point. It wasn't that you should just "care" for caring sake, how much money companies make outside the US. My point was that if you make it an ultimatum, that companies either deal with the US or the rest of the world, they'll deal with the rest of the world. There is more money to be made in the rest of the world. We'll lose... the world will win.
But the Cold War is over and we cannot lift the whole world out of poverty on the backs of Americans
But we're not lifting the world out of poverty, on our backs. Trade is inherently mutually beneficial. Every company I've worked for, was making tons of sales outside the US. You put in trade barriers, and all those companies would close. All of them would. All of our material was being sourced from around world. Even those material that was sourced locally, was getting supplied around the world.
It was mutually beneficial for us to buy from various providers, and then we were able to make our product. You cut of our suppliers, and the cost of production spikes above the amount our customers are willing to pay..... we're all laid off, and unemployed.
How is this on our backs? If not for trade, we wouldn't have a job.