320 Years of History
Gold Member
As I sit here working, I have CNN on in the background. Christine Romans, a CNN financial reporter, began giving a summary of the decline in manufacturing jobs in the U.S. One thing I noticed is that she did not mention the rise in service jobs in the U.S. Major failing of her commentary, particularly as she also failed to make the case that a manufacturing job is better than a service industry job.
For example, I work in the services industry. I make a very good salary, one with which anyone would be satisfied (enough that whether I'd accept a higher paying role depends more on my willingness to take on the added responsibility and the incumbent work-life-balance trade-offs than on what the position's wage is), and so do my colleagues. Indeed, I doubt I and they could earn a comparable salary in manufacturing...some of us could, but there quite simply aren't and never were enough jobs in manufacturing that pay as much as we earn for us all to switch to manufacturing and make about the same money.
Ms. Romans' remarks were a preamble to a political analysis/commentary segment a woman named Poppy "Something or Other" hosted. In making her remarks, Ms. Romans pointed out that according to the U.S. Census Bureau, between 2001 and 2013, ~4.5 million manufacturing jobs were lost. There again, however, she failed to put the figures in context. The American workforce consists of some ~145 million people; therefore, we are talking about 3% of the workforce. Yes, 4.5 million people seems like a lot of people. If one had to count them one by one, it'd be a lot of people. On the scale of an economy having 145 million workers the figures alone tell me there's nothing I should be concerned about.
What be the cause of the incongruity? I don't know because I think the country is overall doing well. GDP is rising and unemployment is at structural or near structural unemployment rates. American companies enjoy year over year growth in earnings. Prices are low. But most importantly, for workers who've shifted from the industries that were most in demand in the 20th century to those that are are most in demand in the 21st century, wages have vastly outpaced inflation.
And therein is what I believe is at the heart of why folks are griping: they don't want to shift from manufacturing to the services industry. That's fine with me personally for it keeps my salary high because of the lower quantity of people who are able and willing to do the work. It's not fine for those people because it means they aren't experiencing wage growth to the extent they'd like. Well, what I am I do about that? (I know what my answer is to that question, but I don't think most conservatives, at least not the populist ones, have the same answer.)
(If you aren't well schooled with structural unemployment and its impact on an economy and society, and you are of the mind that the "the economy is going to hell in a handbasket," check out Marx's discussion(s) on the matter. It'll give you pause, most particularly if you think of yourself as a conservative/Republican, when you consider his remarks in the current economic climate of the U.S. Here's a scholarly comparison of several views.)
One of Poppy's commentators, David Gergen, in the main political discussion, remarked with regard to Ms. Romans' observations as follows:
So, looking at Mr. Gergen's remarks, it is the second one that struck me as most bizarre. I have ask working age people this: Where have you been all your life? What ever gave you the idea that being self-employed was a bad thing, the wrong way to find success in the U.S., etc? Since when did conservatives actually take exception with the idea that one should, perhaps even must, take control of one's life and find success by going into business for oneself?
Really? People, voters, particularly so-called conservative voters, are dismayed over having to be self-employed? Ummm...Hello! The U.S. was founded on the principle of being self-employed and it's overall economic and political system was designed by and for folks who were self-employed.
That has not ever not been the case, yet folks are "crying the blues" these days as though someone changed the rules in mid game. No such thing has transpired. When exactly did the conservative mantra shift from "get up off your duff and do something" to "woe is me because of you?" I have to ask those questions because right now, that is essentially the substance of Trump's (and Sanders') message.
Now, do I have a problem with folks making the point that "woe is me because of you?" No, I don't. I just see it as "two faced" to say that with regard to one's own situation and simultaneously failing to see it is (or how it might be) so with regard to that of others'. Therein lies the problem I have with most everything conservatives of late have to say. For me, it's an integrity issue, not one of whether any given conservative or conservative movement is right or wrong.
Disclosure:
For the sake of full disclosure, I am an executive (a direct report to the folks at the "C-level") in a professional services firm, so I have a very good sense of what it takes to get a service industry job and what kinds of salaries one can earn in the service industry. Are there as many jobs in my segment of services as there are people who qualify to get them? No, but then that's no different than in any other industry, and at some point every year, we have trouble finding qualified applicants. And, no, one cannot apply saying "I'm ready to work and I'll work hard for you," and/or otherwise expect to get a job in my or my competitors' firms with just a high school diploma, or even with a mediocre college/grad school record and/or work history that demonstrates no noteworthy track record of high and consistent achievement.
For example, I work in the services industry. I make a very good salary, one with which anyone would be satisfied (enough that whether I'd accept a higher paying role depends more on my willingness to take on the added responsibility and the incumbent work-life-balance trade-offs than on what the position's wage is), and so do my colleagues. Indeed, I doubt I and they could earn a comparable salary in manufacturing...some of us could, but there quite simply aren't and never were enough jobs in manufacturing that pay as much as we earn for us all to switch to manufacturing and make about the same money.
Ms. Romans' remarks were a preamble to a political analysis/commentary segment a woman named Poppy "Something or Other" hosted. In making her remarks, Ms. Romans pointed out that according to the U.S. Census Bureau, between 2001 and 2013, ~4.5 million manufacturing jobs were lost. There again, however, she failed to put the figures in context. The American workforce consists of some ~145 million people; therefore, we are talking about 3% of the workforce. Yes, 4.5 million people seems like a lot of people. If one had to count them one by one, it'd be a lot of people. On the scale of an economy having 145 million workers the figures alone tell me there's nothing I should be concerned about.
"American voters feel left behind. They believe the 21st century economy benefits investors and bosses, super rich and party bosses and status quo politicians. Essentially their economic self esteem is in the dumps...6 of 10 primary voters say they are holding steady. Quite a disconnect."
Now I can't define what "holding steady" means precisely, but I do know what it doesn't mean. It doesn't mean is "worse off." So, yes, she got that right; that's quite a dichotomy between what people say when they are griping about the "state of things," versus what is the circumstance of 60% of the people griping. What be the cause of the incongruity? I don't know because I think the country is overall doing well. GDP is rising and unemployment is at structural or near structural unemployment rates. American companies enjoy year over year growth in earnings. Prices are low. But most importantly, for workers who've shifted from the industries that were most in demand in the 20th century to those that are are most in demand in the 21st century, wages have vastly outpaced inflation.
And therein is what I believe is at the heart of why folks are griping: they don't want to shift from manufacturing to the services industry. That's fine with me personally for it keeps my salary high because of the lower quantity of people who are able and willing to do the work. It's not fine for those people because it means they aren't experiencing wage growth to the extent they'd like. Well, what I am I do about that? (I know what my answer is to that question, but I don't think most conservatives, at least not the populist ones, have the same answer.)
(If you aren't well schooled with structural unemployment and its impact on an economy and society, and you are of the mind that the "the economy is going to hell in a handbasket," check out Marx's discussion(s) on the matter. It'll give you pause, most particularly if you think of yourself as a conservative/Republican, when you consider his remarks in the current economic climate of the U.S. Here's a scholarly comparison of several views.)
One of Poppy's commentators, David Gergen, in the main political discussion, remarked with regard to Ms. Romans' observations as follows:
- 80% of folks haven't gotten a pay raise since the Great Crash
- Larry Katz --> Most new jobs are "gig" jobs or people going into business for themselves. (I have not yet read the study.)
- Trump exploits the anger voters have as go the preceding two remarks and Ms. Roman's observations.
- Trump differs from Reagan in that Trump lacks the critical experience that Regan had gained as Governor of the world's 5th largest economy. Reagan learned how to be an effective executive, how to use quiet negotiation across aisles and not to use blunderbuss tactics.
So, looking at Mr. Gergen's remarks, it is the second one that struck me as most bizarre. I have ask working age people this: Where have you been all your life? What ever gave you the idea that being self-employed was a bad thing, the wrong way to find success in the U.S., etc? Since when did conservatives actually take exception with the idea that one should, perhaps even must, take control of one's life and find success by going into business for oneself?
Really? People, voters, particularly so-called conservative voters, are dismayed over having to be self-employed? Ummm...Hello! The U.S. was founded on the principle of being self-employed and it's overall economic and political system was designed by and for folks who were self-employed.
That has not ever not been the case, yet folks are "crying the blues" these days as though someone changed the rules in mid game. No such thing has transpired. When exactly did the conservative mantra shift from "get up off your duff and do something" to "woe is me because of you?" I have to ask those questions because right now, that is essentially the substance of Trump's (and Sanders') message.
Now, do I have a problem with folks making the point that "woe is me because of you?" No, I don't. I just see it as "two faced" to say that with regard to one's own situation and simultaneously failing to see it is (or how it might be) so with regard to that of others'. Therein lies the problem I have with most everything conservatives of late have to say. For me, it's an integrity issue, not one of whether any given conservative or conservative movement is right or wrong.
Disclosure:
For the sake of full disclosure, I am an executive (a direct report to the folks at the "C-level") in a professional services firm, so I have a very good sense of what it takes to get a service industry job and what kinds of salaries one can earn in the service industry. Are there as many jobs in my segment of services as there are people who qualify to get them? No, but then that's no different than in any other industry, and at some point every year, we have trouble finding qualified applicants. And, no, one cannot apply saying "I'm ready to work and I'll work hard for you," and/or otherwise expect to get a job in my or my competitors' firms with just a high school diploma, or even with a mediocre college/grad school record and/or work history that demonstrates no noteworthy track record of high and consistent achievement.