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US manufacturing still tops China’s by nearly 46 percent

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Re: US manufacturing still tops China’s by nearly 46 percent

#41
post #15

Earlier quoted context omitted.

Tradespeople do fine in areas where the economy is good. They are still highly paid and unionized. My friend welds staircases in the Bay Area and gets paid more than most programmers. Is there really a case where an electrician or pipe fitter today makes a lower wage than they did in 1970? If anyone's salaries in the USA have remained stagnant or dropped, it's the average engineer.

Engineers do fine. It's the line workers in factories and people in service jobs that have gotten screwed. It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now. Tradespeople and professionals have done okay because they have marketable skills that accrue to their person, but people whose only assets are owned by their employers haven'…

It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now.

If you truly believe this, can you tell me what good or service the factory worker/retail clerk had back then, but lacks today?

Re: US manufacturing still tops China’s by nearly 46 percent

#42

Earlier quoted context omitted.

Engineers do fine. It's the line workers in factories and people in service jobs that have gotten screwed. It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now. Tradespeople and professionals have done okay because they have marketable skills that accrue to their person, but people whose only assets are owned by their employers haven'…

It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now. If you truly believe this, can you tell me what good or service the factory worker/retail clerk had back then, but lacks today?

Health insurance.

Re: US manufacturing still tops China’s by nearly 46 percent

#43
post #40
post #33

Earlier quoted context omitted.

How else could you possibly compare them?

Purchasing power parity in local currency?

You didn't answer ars' question, you simply deferred the answer to whoever is defining PPP.

Re: US manufacturing still tops China’s by nearly 46 percent

#44
post #15

Earlier quoted context omitted.

Tradespeople do fine in areas where the economy is good. They are still highly paid and unionized. My friend welds staircases in the Bay Area and gets paid more than most programmers. Is there really a case where an electrician or pipe fitter today makes a lower wage than they did in 1970? If anyone's salaries in the USA have remained stagnant or dropped, it's the average engineer.

Engineers do fine. It's the line workers in factories and people in service jobs that have gotten screwed. It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now. Tradespeople and professionals have done okay because they have marketable skills that accrue to their person, but people whose only assets are owned by their employers haven'…

[deleted]

Re: US manufacturing still tops China’s by nearly 46 percent

#45
post #15

Earlier quoted context omitted.

Tradespeople do fine in areas where the economy is good. They are still highly paid and unionized. My friend welds staircases in the Bay Area and gets paid more than most programmers. Is there really a case where an electrician or pipe fitter today makes a lower wage than they did in 1970? If anyone's salaries in the USA have remained stagnant or dropped, it's the average engineer.

Engineers do fine. It's the line workers in factories and people in service jobs that have gotten screwed. It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now. Tradespeople and professionals have done okay because they have marketable skills that accrue to their person, but people whose only assets are owned by their employers haven'…

I don't know if I buy that. Is there data that shows retail clerk wages declining over time? I happen to have a factory worker, airline stewardess, and retail clerk in my extended family and their wages have all increased over the past 20 years. I mean, not by amazing amounts, but definitely I wouldn't say they are doing worse than they were before.

Re: US manufacturing still tops China’s by nearly 46 percent

#46
post #26

Earlier quoted context omitted.

And many of those components going into these products come from elsewhere. A manufacturing company I worked with bought parts from all over the world and had few US parts. When I tried to increase the number of parts they were using from the US they said good luck and I failed because nothing was available and no one wanted to make what I wanted (for example I wanted 1,000 metal tubes bent, to make them into legs...…

From a macro economic point of view it doesn't matter If your stealth bomber uses $100 parts made in the USA or $10 parts from china with the difference going in the CEOs bonus - doesn't make any difference when the taxpayer is billed $1000

Which is part of my point, for that $1000 in value sometimes our only task is putting the pieces together. It can't last, China wants to do that too.

Re: US manufacturing still tops China’s by nearly 46 percent

#47
post #45

Earlier quoted context omitted.

Engineers do fine. It's the line workers in factories and people in service jobs that have gotten screwed. It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now. Tradespeople and professionals have done okay because they have marketable skills that accrue to their person, but people whose only assets are owned by their employers haven'…

I don't know if I buy that. Is there data that shows retail clerk wages declining over time? I happen to have a factory worker, airline stewardess, and retail clerk in my extended family and their wages have all increased over the past 20 years. I mean, not by amazing amounts, but definitely I wouldn't say they are doing worse than they were before.

Wages by industry:

ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb2.txt

Historical CPI:

ftp://ftp.bls.gov/pub/special.requests/cpi/cpiai.txt

From 1964-2010, weekly manufacturing wages rose from $102.59 to $765.08/week. "Private service-providing" jobs (which includes retail) went from $98.10 to $606.14. Over that same time period, the CPI rose from an index of 30.9 to to 216.687, an increase of 7x. In real terms, retail wages have fallen by about 12%, manufacturing wages have just barely kept pace with inflation.

Re: US manufacturing still tops China’s by nearly 46 percent

#48

Earlier quoted context omitted.

It used to be that you could make a steady middle-class income as a factory worker, airline stewardess, or retail clerk. Not so much now. If you truly believe this, can you tell me what good or service the factory worker/retail clerk had back then, but lacks today?

Health insurance.

Is health insurance which only pays for 1970's era medical care really that expensive today? Or did you mean to say that a financial product which pays for an MRI/viagra/chemotherapy today is more expensive than a financial product which paid for X-Rays/dying of cancer at home in the past?

Incidentally, I can only find data going back to 1987, but it suggests little change the number of uninsured since then.

http://www.census.gov/prod/2007pubs/p60-233.pdf

Re: US manufacturing still tops China’s by nearly 46 percent

#50
post #12
post #6

While it is true that North America still manufactures great quantities of luxury and high tech stuff, that isn't what is pissing off the populists. They couldn't care less if our manufacturing doubled in terms of dollars of output. What they really want is a return to the highly paid, unionized, tradesperson. To them robots making Chevy trucks matters just as much to their lives as nerds writing software. As product…

It depends on the economy, Australian tradespeople make the same if not more than good coders right now. We're growing so fast the demand for those skills is high and shows no signs of dropping off.

I spent most of highschool being told that if I didn't study sooper dooper hard, then I would not go to university. I would be doomed to be ... (horror film scream) ... a tradie!!

Well gosh, I worked hard and got into a good uni. I became depressed (for reasons unrelated to my studies) and gave it away for a few years, but now that I have the degree and job I earn about as much as a 4th-year apprentice can down at the mines.

Are you a plumber? You can charge hundreds per hour. Are you a diesel fitter, boilermaker, even a plain welder? Get thee to the Pilbara region, where wages north of $150k await thee.

I wouldn't enjoy being a tradie and I like programming, but the whole argument that I needed to go to university or wind up an impoverished loser tradie turned out to be utter horseshit.

edit: fixed a hilarious negation of my preferences in the final paragraph.

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