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mac
Joined: 07 Mar 1999
Posts: 17751
Location: Berkeley, California
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 Posted: Tue Apr 30, 2019 2:00 pm Post subject: US Manufacturing jobs |
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Matty and Bard have repeated the talking points tweeted by Trump about how he is making America great in manufacturing again. Of course, they haven't put much thought into the accuracy of those claims. So here's a few facts--and how numbers can be spun.
In 1987, there were 17.5 million manufacturing jobs in the US. By the start of the recession in 2009, that had shrunk to 12.8 million. Bush's fault? No, tax policies that encouraged offshoring and automation.
The job slide during the recession was dramatic and fast--manufacturing jobs dropped from 12.8 million to 11.4 million in a single year. Obama happened to be President during that year. His fault? For a recession caused by Republican deregulation of the financial sector? Nonsense.
The recovery started in 2010, and by 2014 manufacturing jobs were back up to 12 million. You can truncate the data set and start in 2010 and claim that Obama added 600,000 jobs. Or you can include 2008 and claim that Obama lost 700,000 jobs. Neither would be true. Deficit spending and bank bailouts stopped the panic, but died not change the fundamental economic factors causing the long term shrinkage of manufacturing jobs. As of 2017, manufacturing jobs were at 12.4 million--400,000 jobs down from the start of the recession and 5 million down from 1987.
https://www.google.com/search?q=us+manufacturing+jobs+over+time&rlz=1C1GKLO_enUS836US836&tbm=isch&source=iu&ictx=1&fir=kskRB5DdBYQXlM%253A%252CJ3gfQ5D0Cxqi1M%252C_&vet=1&usg=AI4_-kRD9K2QgGsnE4VTZS7hGichFNfsaw&sa=X&ved=2ahUKEwjqzt-xvfjhAhXRpJ4KHcV5CdUQ9QEwAHoECAYQBA#imgrc=XdkAIA8vl6jEfM:&vet=1 |
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mac
Joined: 07 Mar 1999
Posts: 17751
Location: Berkeley, California
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| Posted: Tue Apr 30, 2019 8:55 pm Post subject: |
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Let me provide some additional context, since Matty and Bard are loathe to double down on their fake MAGA stories. There are about 156 million jobs in the U.S. That makes manufacturing about 7.5% of American jobs. To admit that, they would have to realize that California is creating the new kinds of jobs—not manufacturing.
By the way, the U.S. remains a manufacturing power. But it is increasingly being done with robotic technology. Output goes up, employment still going down. |
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real-human
Joined: 02 Jul 2011
Posts: 14892
Location: on earth
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| Posted: Tue May 21, 2019 12:40 pm Post subject: |
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record profits and lowest taxes, so time to get rid of some employees.
so ford and gm doing the same...
Ford Announces Layoffs, Will Cut 7000 Global White-Collar Jobs
| Quote: | It was a weekend of rumors that big layoffs were about to hit, as reported by the Detroit Free Press.
Ford CEO Jim Hackett put out a memo to employees on Monday morning saying 500 salaried people are being cut for now; the cuts will reach 800 by the end of June and 7000 worldwide by summer's end.
Although Ford reported $1 billion in profit in the first quarter, that's down 34 percent from the previous year.
It has been a theme for U.S. corporations soaking in profits, low taxes, and a raging bull market over the past year: cut, cut, and cut some more. Ford is joining the ranks of shaving-razor companies, media publishers, and automakers including General Motors by sacking salaried employees.
According to a memo from CEO Jim Hackett published by the Detroit Free Press, only 500 people are getting the ax right now. By August, Ford will have cut 7000 employees, at a savings of $600 million per year. Hackett was paid $17.8 million in 2018, or 276 times that of the average employee's salary of $64,000, according to Bloomberg.
Months after GM shut down multiple plants in North America and continues to shrink its U.S. workforce by 10,000 or more employees, Ford is following a similar but less extreme formula. In 2018, Ford lost money everywhere in the world except North America, where China's consistently huge growth is now slowing down. Hackett, in an internal memo, had called the year "mediocre" and said that employees should "bury the year in a deep grave" while doubling profit goals for 2019. Total industry sales fell 2 percent last month and annual industry-wide light-vehicle sales for 2019-about a million down from all-time records in 2015 and 2016-have been projected below 16.5 million. |
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when good people stay silent the right wing are the only ones heard. |
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