Jobs report

#353
#353
The math skills in this country have dropped so low that we now believe govt numbers. All hope is lost
 
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#359
#359
Franklin Pierce said:
Most of the jobs being created are low paying service sector jobs, and have been for the past thirty years.
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Just one more reason why there is no longer a strong incentive to get off welfare.

We really need to bring back American manufacturing, particularly now that it seems the dollar is due to tank and we're apparently entering a new phase of international relationships and geopolitics.
 
#360
#360
I like how this administration blames the harsh winter for a bad economy, when it's the policies that are failing. Obozo can't do no wrong.
 
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#361
#361
volprof said:
Just one more reason why there is no longer a strong incentive to get off welfare.

We really need to bring back American manufacturing, particularly now that it seems the dollar is due to tank and we're apparently entering a new phase of international relationships and geopolitics.
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So what could hasten this?

1. lower and stable energy costs - that means more fossil fuel exploration and more infrastructure (cough) Keystone (cough).

2. a rationalized regulatory framework - EPA actively working against #1 above.

3. reformed corporate tax structure - lower rates with less loopholes

4. a rational labor policy which isn't designed to protect unions for political reasons

Just a few policy prescriptions that are about 180 from the current approach.

We are poised to have a manufacturing renaissance if we would allow it to happen. Global labor rates and instabilities are making the economics work. Unfortunately our policies are working against it.
 
#362
#362
volinbham said:
So what could hasten this?

1. lower and stable energy costs - that means more fossil fuel exploration and more infrastructure (cough) Keystone (cough).

2. a rationalized regulatory framework - EPA actively working against #1 above.

3. reformed corporate tax structure - lower rates with less loopholes

4. a rational labor policy which isn't designed to protect unions for political reasons

Just a few policy prescriptions that are about 180 from the current approach.

We are poised to have a manufacturing renaissance if we would allow it to happen. Global labor rates and instabilities are making the economics work. Unfortunately our policies are working against it.
Click to expand...

You're more the economics guy than I am, but your points all seem fairly reasonable to me. The problem is putting it into practice.
 
#363
#363
volprof said:
You're more the economics guy than I am, but your points all seem fairly reasonable to me. The problem is putting it into practice.
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States do it quite frequently with tax incentives and other concessions.

Even NY State is undertaking a massive campaign to attack companies and the key incentives are tax-based (for 10 years), reduced regulations and streamlined red tape.

We know it works yet it will piss off certain constituents so we go the other direction.

If we want manufacturing jobs the policy must match. The current policies we have don't match yet the leadership says they want mfg jobs. That is either cynical leadership or inept leadership.
 
#364
#364
Franklin Pierce said:
Most of the jobs being created are low paying service sector jobs, and have been for the past thirty years.
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What's the solution? A command and control economy?

How America’s Top Industries Have Changed, 1990-2013 - The Numbers - WSJ

OG-AC126_indust_G_20140728132348.jpg
 
#366
#366
volinbham said:
So what could hasten this?

1. lower and stable energy costs - that means more fossil fuel exploration and more infrastructure (cough) Keystone (cough).

I am open to Keystone. But that won't have much effect any time soon even if implemented. What we really need is more investment in battery technology and long term research into alternative sources.

2. a rationalized regulatory framework - EPA actively working against #1 above.

That's great rhetoric but without detail its hard to know what you mean.


3. reformed corporate tax structure - lower rates with less loopholes

You and I both know that this would never be done in a revenue neutral sort of way. Rather, the rates will be brought down a small amount and the loopholes left in place, or even more created.

The long term solution is to simplify all taxes, keep a progressive structure on rates, with no loopholes, and most importantly to end the preferential treatment of capital gains.

4. a rational labor policy which isn't designed to protect unions for political reasons

I agree.


Just a few policy prescriptions that are about 180 from the current approach.

We are poised to have a manufacturing renaissance if we would allow it to happen. Global labor rates and instabilities are making the economics work. Unfortunately our policies are working against it.
Click to expand...


.
 
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#367
#367
Velo Vol said:
What's the solution? A command and control economy?

How America’s Top Industries Have Changed, 1990-2013 - The Numbers - WSJ

OG-AC126_indust_G_20140728132348.jpg
Click to expand...

Policy can certainly create an environment where more types (e.g. mfg) businesses can thrive. It doesn't have to be command and control - in fact it can be quite the opposite. Our patchwork, cronyism based policy is in effect a de facto command and control economy. Intentionally or not policy has shaped the look of our economy rather than the market being the overriding factor.
 
#368
#368
Can we really expect substantial growth in manufacturing jobs without real manufacturing wages being brought down to the level in China, India, Pakistan, etc. ?

All the policies in the world will not bring large scale manufacturing operations anywhere the labor rate is much more than zero.
 
#369
#369
Danl said:
Can we really expect substantial growth in manufacturing jobs without real manufacturing wages being brought down to the level in China, India, Pakistan, etc. ?

All the policies in the world will not bring large scale manufacturing operations anywhere the labor rate is much more than zero.
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I don't think wages need to be anywhere near China, India, Pakistan. When those wages are ridiculously low then mfg is willing to take on the additional costs of offshore production. As those wages rise the additional costs are less and less offset.

We've already seen Chinese and Indian wages rise.
 
#370
#370
volinbham said:
I don't think wages need to be anywhere near China, India, Pakistan. When those wages are ridiculously low then mfg is willing to take on the additional costs of offshore production. As those wages rise the additional costs are less and less offset.

We've already seen Chinese and Indian wages rise.
Click to expand...

I don't think US wages would have to be equal to Chinese labor rates, but they can't be too far apart. Until they are much closer than they are, large scale mfg will continue to be almost exclusively offshore. Right now, labor rates are a much larger driver for mfg jobs than policy.
 
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