American Manufacturing

#1
RespectTradition

RespectTradition

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#1
eScholarship: Who Captures Value in a Global Innovation System? The case of Apple's iPod

This article tells us Chinese inputs amount to only $6 of the $150 cost of producing an Apple iPod, yet the entire $150 is chalked up as an import from China.

FRBSF Economic Letter: The U.S. Content of “Made in China” (2011-25, 8/8/2011)

This one tells us:

Despite globalization, the U.S. economy “actually remains relatively closed.” (By “relatively closed,” the authors mean that imports are puny compared to the size of the economy—not that U.S. policies are relatively restrictive of imports.)
The vast majority of goods and services purchased by U.S. consumers (88.5%) is produced in the United States
When accounting for the value of foreign content in final U.S. production of goods and services, 86.1% of U.S. consumer purchases of goods and services is produced in the United States.
Of the 11.5% of total U.S. consumer spending on imports, 64% accounts for the goods and services produced abroad and 36% accounts for transportation, wholesaling, retailing and other activities performed in the United States.
Only 2.7% of U.S. consumer spending is devoted to goods labeled “Made in China.”
Of the 2.7% of U.S. consumer spending on imports from China, only 45% is for the foreign-produced good and 55% goes to transportation, wholesaling, retailing, and other activities performed in the United States. In other words, $.55 of every dollar spent on imports from China directly supports economic activity in the United States.

And check out this paper if you want a more thorough understanding:
http://www.cato.org/pub_display.php?pub_id=11020
 
#2
#2
I won't quibble with these folks' statistics, but trying to find "Made in USA" on anything in any given Wal-Mart or Target is like finding a needle in a haystack.
 
#3
#3
RespectTradition said:
eScholarship: Who Captures Value in a Global Innovation System? The case of Apple's iPod

This article tells us Chinese inputs amount to only $6 of the $150 cost of producing an Apple iPod, yet the entire $150 is chalked up as an import from China.

FRBSF Economic Letter: The U.S. Content of “Made in China” (2011-25, 8/8/2011)

This one tells us:

Despite globalization, the U.S. economy “actually remains relatively closed.” (By “relatively closed,” the authors mean that imports are puny compared to the size of the economy—not that U.S. policies are relatively restrictive of imports.)
The vast majority of goods and services purchased by U.S. consumers (88.5%) is produced in the United States
When accounting for the value of foreign content in final U.S. production of goods and services, 86.1% of U.S. consumer purchases of goods and services is produced in the United States.
Of the 11.5% of total U.S. consumer spending on imports, 64% accounts for the goods and services produced abroad and 36% accounts for transportation, wholesaling, retailing and other activities performed in the United States.
Only 2.7% of U.S. consumer spending is devoted to goods labeled “Made in China.”
Of the 2.7% of U.S. consumer spending on imports from China, only 45% is for the foreign-produced good and 55% goes to transportation, wholesaling, retailing, and other activities performed in the United States. In other words, $.55 of every dollar spent on imports from China directly supports economic activity in the United States.

And check out this paper if you want a more thorough understanding:
Made on Earth: How Global Economic Integration Renders Trade Policy Obsolete | Daniel J. Ikenson | Cato Institute: Trade Policy Analysis
Click to expand...

This is great Cato hogwash - absolute bourgeois propaganda straight from the top drawer.

What is missing is that no American 3/5ths of Americans receive NO benefit from the iPod example. In fact, only the bourgeoisie and a handful of their enablers (read, educated managerial class) receive any benefit. Which is the whole damn point.

I'm being generous here as well. Consumption trends over the last decades indicate it is all driven by the top two quintiles, and, in truth, the 2nd quintile << top quintile. So even the educated managerial class is being squeezed.

These are the most disturbing trends (after Global Heating and its effects) in our own historic time.
 
#4
#4
utgibbs said:
This is great Cato hogwash - absolute bourgeois propaganda straight from the top drawer.

What is missing is that no American 3/5ths of Americans receive NO benefit from the iPod example. In fact, only the bourgeoisie and a handful of their enablers (read, educated managerial class) receive any benefit. Which is the whole damn point.

I'm being generous here as well. Consumption trends over the last decades indicate it is all driven by the top two quintiles, and, in truth, the 2nd quintile << top quintile. So even the educated managerial class is being squeezed.

These are the most disturbing trends (after Global Heating and its effects) in our own historic time.
Click to expand...

historic time.........lol
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#5
#5
utgibbs said:
This is great Cato hogwash - absolute bourgeois propaganda straight from the top drawer.

What is missing is that no American 3/5ths of Americans receive NO benefit from the iPod example. In fact, only the bourgeoisie and a handful of their enablers (read, educated managerial class) receive any benefit. Which is the whole damn point.

I'm being generous here as well. Consumption trends over the last decades indicate it is all driven by the top two quintiles, and, in truth, the 2nd quintile << top quintile. So even the educated managerial class is being squeezed.

These are the most disturbing trends (after Global Heating and its effects) in our own historic time.
Click to expand...
Global heating... not climate change? And we have gone from global warming to global heating, also? Wow.
 
#6
#6
distrovol said:
I won't quibble with these folks' statistics, but trying to find "Made in USA" on anything in any given Wal-Mart or Target is like finding a needle in a haystack.
Click to expand...

I was at a walmart buying my 14 month old kid some toys and I was surprised at the amount of "made in the USA" toys available. We bought 2-3 things that were plastic but all were made in the USA. Maybe it's a safety issues with parents not wanting to buy crap from China b/c who knows what it's made of.
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#7
#7
VolsNSkinsFan said:
I was at a walmart buying my 14 month old kid some toys and I was surprised at the amount of "made in the USA" toys available. We bought 2-3 things that were plastic but all were made in the USA. Maybe it's a safety issues with parents not wanting to buy crap from China b/c who knows what it's made of.
Posted via VolNation Mobile
Click to expand...

What brand of toys?
 
#13
#13
Rasputin_Vol said:
Global heating... not climate change? And we have gone from global warming to global heating, also? Wow.
Click to expand...

Yes, since we are consciously, and in full knowledge, heating the planet.

However, anthropogenic climate change is still accurate, and I will not fuss with anyone using the phrase.

:hi:
 
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#14
#14
utgibbs said:
This is great Cato hogwash - absolute bourgeois propaganda straight from the top drawer.

What is missing is that no American 3/5ths of Americans receive NO benefit from the iPod example. In fact, only the bourgeoisie and a handful of their enablers (read, educated managerial class) receive any benefit. Which is the whole damn point.

I'm being generous here as well. Consumption trends over the last decades indicate it is all driven by the top two quintiles, and, in truth, the 2nd quintile << top quintile. So even the educated managerial class is being squeezed.

These are the most disturbing trends (after Global Heating and its effects) in our own historic time.
Click to expand...

Cato hogwash straight from the Federal Reserve Bank of San Fransisco. I don't know how I missed that connection. So, what thinktank is the Federal Reserve Bank of New York in bed with?

And here I thought I got benefits from the iPod, considering that Apple is one of the stocks I own. Stupid me.

And I guess all of the engineers who got paid to design it actually hide their money in Brazil or something and that isn't a real american job. And the guys who work at the apple store are really Taiwanese plants, right?

And since those in the top quintile are the only ones buying iPods, then when will they quit? They must all have like 20 of em by now.

Sometimes its easy to remember that common sense ain't so common.
 
#15
#15
My fear is that this model of R&D in the US and then manufacture offshore leads to a transition from a manufacturing based economy to a sevice based economy. Manufacturing jobs have historically be good paying jobs with medical benefits. Service based jobs tend to be lower paying with little to no benefits at all. Plus, they play the old "have a bunch of part-time help" card to keep payroll down.
 
#16
#16
11.5% of total U.S. consumer spending is on imports
of that only 64% accounts for the goods and services produced abroad
Only 2.7% of U.S. consumer spending is devoted to goods labeled &#8220;Made in China.&#8221;

The vast majority of products bought by americans are made by americans.
 
#17
#17
RespectTradition said:
Cato hogwash straight from the Federal Reserve Bank of San Fransisco. I don't know how I missed that connection. So, what thinktank is the Federal Reserve Bank of New York in bed with?

And here I thought I got benefits from the iPod, considering that Apple is one of the stocks I own. Stupid me.

And I guess all of the engineers who got paid to design it actually hide their money in Brazil or something and that isn't a real american job. And the guys who work at the apple store are really Taiwanese plants, right?

And since those in the top quintile are the only ones buying iPods, then when will they quit? They must all have like 20 of em by now.

Sometimes its easy to remember that common sense ain't so common.
Click to expand...

Thanks for confirming "a handful of enablers" and my "educated managerial class" remarks. It was a great list providing solid examples of exactly what I said. Although, I do have to snicker when you suggest the "guy in the Apple store" is accruing wealth.

As we see many times on this forum, my own detractors end up bolstering my arguments for me. You may belong to the bourgeoisie - I have no idea.

The bold above though is the, frankly, very scary fascist notion in your post. The very scary notion is a lot of people believe you can run global capitalism serving the top quintile ONLY.

In other words, there are a LOT of superfluous people in this world, and it is never a good idea when people with power believe there are superfluous people. And because Global Capitalism is dying, we are seeing these superfluous people attacked on all sides for the gains they fought to maintain for 100 years. Capitalism was only saved by the concessions given to these superfluous people 80 years ago.
 
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#18
#18
RespectTradition said:
11.5% of total U.S. consumer spending is on imports
of that only 64% accounts for the goods and services produced abroad
Only 2.7% of U.S. consumer spending is devoted to goods labeled “Made in China.”

The vast majority of products bought by americans are made by americans.
Click to expand...

I'd like to see this data.
 
#20
#20
RespectTradition said:
Here is the report from the Federal Reserve Bank of San Fransisco that contains this data:

FRBSF Economic Letter: The U.S. Content of &#8220;Made in China&#8221; (2011-25, 8/8/2011)
Click to expand...

This is basically not even interesting propaganda. This is a very weak white paper, and says very little.

Three things of note:

1. The "Made in" designation is subject to all kinds of tomfoolery. I would be interested in why they chose this designation.

2. The heavy reliance on the Service sector. It was intended, since without some kind of normalization - or a model on what the net effect of producing said goods in the US would have - essentially says nothing. The basic thrust of this propaganda was to say "we don't really have a trade deficit" which, of course, is nonsense.

3. The white paper actually completely confirms my earlier thesis, that the real effect is to the benefit of the bourgeoisie and a handful of the educated managerial class.

I don't remember all the tomfoolery surrounding the "Made in" designation, but I'm sure it was advantageous to use that designation in this study. Furthermore, a far more interesting paper would be modelling the effect if a certain percentage of those imports were produced locally.

Finally, this paper essentially rehashes the old propaganda on the tax system. "But the rich pay more taxes than anyone." Of course, it is a nonsense to suggest otherwise. When 3% own over half of the country, where else can revenues come from? When it costs $2 to make sneakers in China, of course it costs more to transport them from West Coast ports to Maryville Wal-Mart. That in no way suggests the truck driver is accruing wealth, which, of course, we know he is not.
 
#22
#22
utgibbs said:
This is basically not even interesting propaganda. This is a very weak white paper, and says very little.

Three things of note:

1. The "Made in" designation is subject to all kinds of tomfoolery. I would be interested in why they chose this designation.

2. The heavy reliance on the Service sector. It was intended, since without some kind of normalization - or a model on what the net effect of producing said goods in the US would have - essentially says nothing. The basic thrust of this propaganda was to say "we don't really have a trade deficit" which, of course, is nonsense.

3. The white paper actually completely confirms my earlier thesis, that the real effect is to the benefit of the bourgeoisie and a handful of the educated managerial class.

I don't remember all the tomfoolery surrounding the "Made in" designation, but I'm sure it was advantageous to use that designation in this study. Furthermore, a far more interesting paper would be modelling the effect if a certain percentage of those imports were produced locally.

Finally, this paper essentially rehashes the old propaganda on the tax system. "But the rich pay more taxes than anyone." Of course, it is a nonsense to suggest otherwise. When 3% own over half of the country, where else can revenues come from? When it costs $2 to make sneakers in China, of course it costs more to transport them from West Coast ports to Maryville Wal-Mart. That in no way suggests the truck driver is accruing wealth, which, of course, we know he is not.
Click to expand...

My cousin is a truck driver. He started driving for a small company around here. He saved his money from hauling. He bought his own truck (wealth). He earned more money by being his own boss. He invested his excess in the stock market (wealth). He took his savings when he decided to expand and bought two more trucks (wealth). He hired two other men to drive his other two trucks.

Seems like hauling not only created wealth for him, but good jobs for others.

Is there a point to anything you say?
 
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#23
#23
RespectTradition said:
My cousin is a truck driver. He started driving for a small company around here. He saved his money from hauling. He bought his own truck (wealth). He earned more money by being his own boss. He invested his excess in the stock market (wealth). He took his savings when he decided to expand and bought two more trucks (wealth). He hired two other men to drive his other two trucks.

Seems like hauling not only created wealth for him, but good jobs for others.

Is there a point to anything you say?
Click to expand...

That's how you do it.

:hi: Hat's off to your cousin.

Hard work, long hours, a dream, and some good ideas ... it's the way America was built.
 
#24
#24
Gibbs, you screwed up. If you have a positive flow of income, then you're accruing wealth.
 
#25
#25
i think whatever business gibbs does have was passed down from his parents and he just kinda walked into it.
 
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