Earlier quoted context omitted.
The factories of today are nothing like the 1980s factories this administration thinks they are going to bring back. Go to FRED or any other economic data site and plot manufacturing output and manufacturing employment on the same chart. The US manufactures more today than we ever have in history and it grows every year. Meanwhile, manufacturing employment is around its all time low and declines every year.
"manufacturing as a service", however that may look, might be more of a fit for the modern economy...unless we really regress back to 1930
The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
141–150 of 523 posts
Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#142Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#143Earlier quoted context omitted.
That's... not how things will roll out. Sure it looks nice on some paper diagram my 5 year old son could pop out, but reality is way, way more complex. Also, here its US who is doing massive 'violations of international order'. You know which order I talk about? WTO for example, US is founding member, an org specifically designed and accepted to handle this. Various international agreements between close allies. And…
The USA already dictates the direction of much of the world economy through its position in the WTO, and you are correct that the tariffs will cause more independent production. That’s part of the intention. Europe specifically is underproductive and the hope is that these tariffs and the change of tone for defense agreements will bolster Europes domestic industrial and defensive capabilities. I also realize how incr…
> That’s part of the intention. Europe specifically is underproductive and the hope is that these tariffs and the change of tone for defense agreements will bolster Europes domestic industrial and defensive capabilities
So, rather than sell Europe weapons that we create in the United States, part of the “intention” of this policy is to cut off the European demand for our weapons systems and cause them to manufacture their own? How is that helpful to the United States and our bottom line? How is that at all in the US interests?
I agree that’s what is going to happen, but I see no evidence that it was part of the intention.
Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#144I keep seeing people advocating that the idea that we should build everything, and every piece or everything, here is a good one. Why? Is this just an isolationist dream? The reductive, absurd, extreme of this is why don't individual people go out and build all their own stuff like cars and houses. Let's all go out and learn how to mine and refine metal ore so we can get started on building the family sedan! There is…
Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#145Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#146How’s basing the US economy on services looking now? My brother is an extremely skilled machinist, the sort who could build machine tools if he had the resources. And let me tell you there ain’t many of them, especially not young ones. Why? Because the US has emphasized college as the only respectable education path, as well as the only path to well paid jobs. That’s how you end up with a manufacturing industry full…
> Because the US has emphasized college as the only respectable education path, as well as the only path to well paid jobs. If I could make as a machinist what I make as a software monkey, all other things being equal, I'd go back in time and train to be a machinist. People will go where the money is.
Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#147I keep seeing people advocating that the idea that we should build everything, and every piece or everything, here is a good one. Why? Is this just an isolationist dream? The reductive, absurd, extreme of this is why don't individual people go out and build all their own stuff like cars and houses. Let's all go out and learn how to mine and refine metal ore so we can get started on building the family sedan! There is…
That is a pretty hyperbolic paragraph only to imply that we as a nation would loose out on innovation by doing so; nowhere do we want to isolate as a country. Look at all the jobless Americans in once thriving industrial cities. Generations left without pensions or skills all because we outsource our workers to other countries. That’s one of the many problems that need to be solved and by manufacturing here in the US…
Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#148Earlier quoted context omitted.
> Because the US has emphasized college as the only respectable education path, as well as the only path to well paid jobs. If I could make as a machinist what I make as a software monkey, all other things being equal, I'd go back in time and train to be a machinist. People will go where the money is.
I know laborers that make well above most “software monkeys” and don’t even get me started with how much heavy machine operators make!
$40 an hour in Austin Tx, a city with construction going on in every corner.
Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#149How’s basing the US economy on services looking now? My brother is an extremely skilled machinist, the sort who could build machine tools if he had the resources. And let me tell you there ain’t many of them, especially not young ones. Why? Because the US has emphasized college as the only respectable education path, as well as the only path to well paid jobs. That’s how you end up with a manufacturing industry full…
> Because the US has emphasized college as the only respectable education path, as well as the only path to well paid jobs. If I could make as a machinist what I make as a software monkey, all other things being equal, I'd go back in time and train to be a machinist. People will go where the money is.
Office work is so easy on the body compared to almost any job.
Re: The Decline of the U.S. Machine-Tool Industry and Prospects for Recovery (1994)
#150I keep seeing people advocating that the idea that we should build everything, and every piece or everything, here is a good one. Why? Is this just an isolationist dream? The reductive, absurd, extreme of this is why don't individual people go out and build all their own stuff like cars and houses. Let's all go out and learn how to mine and refine metal ore so we can get started on building the family sedan! There is…