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Old 03-18-2018, 10:41 AM   #136
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The jobs are going away largely due to automation and that 150-200% above the minimum wage you talk about.

I really would be curious to know the amount of jobs lost to various reasons. Of course automation is one, but I don't think it is as big as many think. I have worked in various forms of manufacturing for pretty much 40 years and half of that is as a small machine shop owner. Oddly enough some jobs lost to China are done with less automation over there as they were done here. A lot of manufacturing processes have been done pretty much the same way for a half century or more. Haven't watched in years, while full of inaccuracies the show "How it's made" is pretty interesting. A lot of things that one would assume were highly automated are not and others are automated that a person would think could not be.
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Old 03-18-2018, 10:46 AM   #137
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No you won't because some stuff we don't produce here cheaply. Even so... to say you would means you're okay at putting yourself at a financial disadvantage against the rest of the world.

Secondly, at this point I'm getting really tired of this "more jobs for Americans" trope.

We are at 4% unemployment with a shrinking workforce. Who in the hell is going to fill them?

The way you people talk this place is in the shitter... until you remind us how great it's going...

It's going pretty great you are right... Why regulate?
One would never know this the way you give this administration and what has gone on the "biz"....
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Old 03-18-2018, 11:24 AM   #138
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I really would be curious to know the amount of jobs lost to various reasons.
From The Financial Times:

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The US did indeed lose about 5.6m manufacturing jobs between 2000 and 2010. But according to a study by the Center for Business and Economic Research at Ball State University, 85 per cent of these jobs losses are actually attributable to technological change — largely automation — rather than international trade.
https://www.ft.com/content/dec677c0-...5-95d1533d9a62
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Old 03-18-2018, 12:19 PM   #139
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American steel mills are also increasing productivity while reducing jobs.

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In the 1980s, American steelmakers needed 10.1 man-hours to produce a ton of steel; now they need 1.5 man-hours (see chart below), says Joe Innace of S&P Global Platts. Most American steel is now made at super-efficient mini-mills, which use electric arc furnaces to turn scrap metal into steel. (Traditional integrated steel mills make steel from scratch, feeding iron ore and coking coal into blast furnaces.)


Some mini-mills need just 0.5 man-hours to produce a ton of steel, Innace says. Increased productivity means today’s steel mills don’t need as many workers. Steel industry employment peaked at 650,000 in 1953. By the start of this year, U.S. steelmakers employed just 143,000.
The article concludes: "Tariffs will let those mills raise prices and profits, but they won’t add much more than a token number of new jobs."

https://fee.org/articles/increased-p...s-not-imports/
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Old 03-20-2018, 07:51 PM   #140
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Trade deficits are good.

Always remember this line folks, and praise those who say it.

(Yes I'm being sarcastic)
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Old 03-20-2018, 08:59 PM   #141
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Trade deficits are good.

Always remember this line folks, and praise those who say it.

(Yes I'm being sarcastic)
What's bad about trade deficits? They give American consumers more buying choices and lower prices. They increase the purchasing power of Americans. Contrary to conventional wisdom, they do not kill off huge numbers of manufacturing jobs.

The other side of that coin is that when we have a trade deficit, we have a capital surplus. That means that foreigners are investing more money in this country than we are investing in other countries. That creates jobs and wealth here. Investments like Toyota and Mercedes and BMW building plants here.

And in spite of all the horror stories about deficits coming out of the White House, Americans still produce 72.5% of the steel we use. And China produces 3% of the 27.5% that we import.

So why are trade surpluses, the opposite of deficits, such a good thing? A place to start might be to look back at the 1930s. We had big trade surpluses in that decade.
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Old 03-20-2018, 10:04 PM   #142
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Trade deficits are good.

Always remember this line folks, and praise those who say it.

(Yes I'm being sarcastic)
Why does everything these days have to be good/bad? Why can't it just be...

Since we are listing good/bad though here it is again;

The Good:

- $18 Trillion GDP
- Cheap Goods
- Full Employment
- Highest Manufacturing Production in History
- Highest Levels of Consumption (Globally)
- High standard of living
- Relatively Low Cost of Living (Lower than Germany, France, UK, Sweden, Finland, Japan, Australia, South Korea, you know all those countries this targets)

The Bad:

- $500-600 billion trade deficit totalling approx. 2.5% GDP
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Old 03-20-2018, 11:01 PM   #143
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The Bad:

- $500-600 billion trade deficit totaling approx. 2.5% GDP

Trade deficits are not always bad. It can vary, depending on the economy of a country, but for this country at this time, trade deficits are good, as explained in this article, "In Praise of Trade Deficits".

https://www.investopedia.com/article...it-effects.asp

Other countries are moving in the same direction. If you don't have a trade deficit, you have a trade surplus. And that can be bad for a country. China been working for some years now to decrease its trade surplus. A big reason for them is that running a big trade surplus has been driving investment money out of the country and into places like Vietnam.

Just as a trade deficit for the US means a capital surplus (increasing foreign investment), a trade surplus for China has meant a capital deficit (decreasing foreign investment).

Germany has also been running a trade surplus for some time. Now they are trying to cut it down.

https://www.brookings.edu/blog/ben-b...-is-a-problem/
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Old 03-20-2018, 11:17 PM   #144
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...
No need to tell me.

The United States is second in the world in terms of capital investment as well. Second only behind a country with 4x as many people.

It sucks here... #MAGA
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Old 03-21-2018, 07:57 PM   #145
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Half of this country thinks that Hillary Clinton would have made a good president. I would prefer to use a little more intelligence and information in formulating policy.

Those tariffs are not placed on cars, they are placed on American citizens. Why deny Americans the choice to make their own decisions?
Half of the country is just as corrupt for voting for such a flawed candidate, wanting socialism in the form of subsides given to those who do not deserve it by over taxing the young in the ACA. How many died so she could stay in power, do you really think Vince Foster killed himself ? I got news for you, half of the country does not believe that incorporated couple. You guys bet it all on a loser, and you want to keep up the resistance. 2018 is not going to work out for you, and its a guarantee I will not be the only one to rub it in to you every single time our agenda inches forward. Yes there will be setbacks on both sides but only a short time for some real stingers to occur.
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Old 03-21-2018, 08:14 PM   #146
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You guys bet it all on a loser, and you want to keep up the resistance. 2018 is not going to work out for you, and its a guarantee I will not be the only one to rub it in to you every single time our agenda inches forward.
Your reading comprehension leaves much to be desired. Or did you not bother to read what I wrote?

To repeat what I said, and what you quoted, and what apparently put a burr under your saddle,

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Half of this country thinks that Hillary Clinton would have made a good president. I would prefer to use a little more intelligence and information in formulating policy.
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Old 03-21-2018, 08:32 PM   #147
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Your reading comprehension leaves much to be desired. Or did you not bother to read what I wrote?

To repeat what I said, and what you quoted, and what apparently put a burr under your saddle,
I did indeed read it, and still feel the portion you speak of asks what this country can do for them unlike what JFK said in his landmark speech so many years ago. Those tariffs that Americans will end up paying on their new BMW's and Mercedes do not bother me at all. It is like a consumption tax that never could have been passed on people that will buy them anyway. Hope you do not mind answering a few of you in one post.
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Old 03-21-2018, 08:46 PM   #148
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I did indeed read it, and still feel the portion you speak of asks what this country can do for them unlike what JFK said in his landmark speech so many years ago.
No, the portion I speak of says that the fact that half the country voted for Hillary proves that the majority opinion is not always a solid basis for good policy.
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Old 03-21-2018, 08:50 PM   #149
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No, the portion I speak of says that the fact that half the country voted for Hillary proves that the majority opinion is not always a solid basis for good policy.
But it was the main reasoning for the votes she got, say what you will. Hey got a goo movie for you to see, Chappaquiddick.

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Old 03-21-2018, 09:02 PM   #150
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Oh, you crazy guys.
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