Jobs report

Just because you don’t know or care doesn’t make your opinion true

The Trump Manufacturing Jobs Boom: 10 Times Obama's Over 21 Months

Even the headline here telegraphs that this guy is about to cherry pick data to prove a pre-decided narrative. I don't know how people get this gullible, but I'm pretty sure that it is part of a deep need to be fooled.

If you want to see the whole picture, the narrative being pushed in that article falls apart. But if you prefer partisan and disingenuous trickery, stay in your stall with the other sheep. Farmer Don will be by with the shears to make you look pretty soon.

Bureau of Labor Statistics Data


ManufacturingData.JPG
 
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Even the headline here telegraphs that this guy is about to cherry pick data to prove a pre-decided narrative. I don't know how people get this gullible, but I'm pretty sure that it is part of a deep need to be fooled.

If you want to see the whole picture, the narrative being pushed in that article falls apart. But if you prefer partisan and disingenuous trickery, stay in your stall with the other sheep. Farmer Don will be by with the shears to make you look pretty soon.

Bureau of Labor Statistics Data


View attachment 243277

Wait, this can't be right - all of this says that the unemployment rate has been improving at generally the same clip since.... 2010?

But I was told that unemployment didn't start improving until 2016 - how can these facts be so at odds with what Fox has been telling us?
 
Wait, this can't be right - all of this says that the unemployment rate has been improving at generally the same clip since.... 2010?

But I was told that unemployment didn't start improving until 2016 - how can these facts be so at odds with what Fox has been telling us?

Well for that graph I targeted the manufacturing sector only, because that was what the Trump agitprop article was targeting.

The propagandist in the article completely ignored Trump's recent record on manufacturing. You can see why from the actual BLS numbers. The "Trump Manufacturing Boom" is moving sideways at best right now.
 
How did he lay the groundwork exactly when he pretty much stated verbatim that those jobs were not coming back?

Is it your contention that manufacturing jobs in America are at an all time peak? If so, please show your math.
 
Well for that graph I targeted the manufacturing sector only, because that was what the Trump agitprop article was targeting.

The propagandist in the article completely ignored Trump's recent record on manufacturing. You can see why from the actual BLS numbers. The "Trump Manufacturing Boom" is moving sideways at best right now.


And therein lies the greatest part of the fraud: we will simply never have manufacturing in this county like we used to. It is too cheap to do that elsewhere and we aren't overcoming that no matter how much you cut corporate taxes. We are a service and consumption based economy.
 
And therein lies the greatest part of the fraud: we will simply never have manufacturing in this county like we used to. It is too cheap to do that elsewhere and we aren't overcoming that no matter how much you cut corporate taxes. We are a service and consumption based economy.

Thanks Obama?
 
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Wait, this can't be right - all of this says that the unemployment rate has been improving at generally the same clip since.... 2010?

But I was told that unemployment didn't start improving until 2016 - how can these facts be so at odds with what Fox has been telling us?

Quality over quantity real paying full time jobs as opposed to part time BS service and hospitality jobs. 👍
 
Thanks Obama?

If you are drawing the trend line of manufacturing job collapse, it probably starts under Reagan. Again, though, this is not a political thing.

There are about 500 factors here--automation, globalization, third world industrialization, supply chain logistics in the age of powerful computing, etc., etc. Almost none of this is avoidable by U.S. presidential policy-making.

Anyone who finds themselves trying to tear down or prop up a politician on this issue is simply playing in the field of politics, not economics.
 
If you are drawing the trend line of manufacturing job collapse, it probably starts under Reagan. Again, though, this is not a political thing.

There are about 500 factors here--automation, globalization, third world industrialization, supply chain logistics in the age of powerful computing, etc., etc. Almost none of this is avoidable by U.S. presidential policy-making.

Anyone who finds themselves trying to tear down or prop up a politician on this issue is simply playing in the field of politics, not economics.

Why didn't you mention taxation and regulation as two of the 500 factors?
 
Why didn't you mention taxation and regulation as two of the 500 factors?

Is it possible to deregulate to or tax-incentive your way into:

1) both making and selling a product more profitably in a wealthy economy, over and above
2) the currently preferred alternative of making the same product in a developing economy with high levels of automation and a labor force accepting subsistence wages AND then selling to the same wealthy economy?

Most companies can find zero regulation, zero tax (or even get paid to build in country X) deals around the world. Even if we match all those things, we can't compete with the poverty of their workforces.

At some point this economic disparity may change, but automation and AI will have ended even most third world manufacturing jobs by that point.
 
Why didn't you mention taxation and regulation as two of the 500 factors?

How much reduced taxation or deregulation do you think there would have to be to meaningfully increase manufacturing jobs?

I say total. 100 %. And even then the result would be meh.
 

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