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Thread: Bannon bails
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Old 08-20-2017, 10:07 AM   #34
Clocker
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Join Date: Jul 2013
Posts: 17,095
Quote:
Originally Posted by fast4522 View Post
You don't get it, half the country is the anti-globalist.
And at least half the country doesn't understand globalism.

Quote:
The U.S. has lost 5 million factory jobs since 2000. And trade has indeed claimed production jobs - in particular when China joined the World Trade Organization in 2001. Nevertheless, there was no downturn in U.S. manufacturing output. As a matter of fact, U.S. production has been growing over the last decades. From 2006 to 2013, “manufacturing grew by 17.6%, or at roughly 2.2% per year,” according to a report from Ball State University. The study reports as well that trade accounted for 13% of the lost U.S. factory jobs, but 88% of the jobs were taken by robots and other factors at home.
As an example, Adidas, the big German shoe company, recently announced that they are phasing out production in China and are building two new plants, one in Germany and one in the US. Production in both plants will be totally automated.

http://fortune.com/2016/11/08/china-automation-jobs/
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