There are so many underlying changes to the established relationship between Labor and Capital in the US that would be a necessary part of keeping jobs here that it would effectively make us a completely different country. For example -- suppose one could snap one's fingers and "bring back" millions of manufacturing jobs. What would lead one to conclude those would be the kind of "good jobs" everyone is envisioning?…
Jensen: 'We've done our country a great disservice' by offshoring
131–140 of 527 posts
Re: Jensen: 'We've done our country a great disservice' by offshoring
#132There are so many underlying changes to the established relationship between Labor and Capital in the US that would be a necessary part of keeping jobs here that it would effectively make us a completely different country. For example -- suppose one could snap one's fingers and "bring back" millions of manufacturing jobs. What would lead one to conclude those would be the kind of "good jobs" everyone is envisioning?…
Service jobs are hard to export, it's just moving money around inside your country. Riveting is a job that produces goods that can be exported for incoming cash, elderly care isn't.
Where's the distinction between "moving money around inside your country" and "goods that can be exported for incoming cash"? If you go to mcdonalds to buy a burger instead of making it yourself, is that also "moving money around inside your country"? What about paying some carpenter to make a chair rather than making it yourself? Should we just cancel all jobs that can't plausibly produce stuff that can exported?
Re: Jensen: 'We've done our country a great disservice' by offshoring
#133Sadly, even the offshoring centers are losing to automation. I’ve personally seen even modest tools automate away 10s of jobs in a factory in the 2010s in India. Cutting, Punching, bending and moving metal sheets just done by 1 machine. Today We have lights out manufacturing. One thing I would highlight, is that the issue with offshoring wasn’t the loss of jobs as much as it was underemployment. Going from factory fo…
Don’t bother retraining, just make people financially whole at the cost of those who offshored/outsourced.
Re: Jensen: 'We've done our country a great disservice' by offshoring
#134There are so many underlying changes to the established relationship between Labor and Capital in the US that would be a necessary part of keeping jobs here that it would effectively make us a completely different country. For example -- suppose one could snap one's fingers and "bring back" millions of manufacturing jobs. What would lead one to conclude those would be the kind of "good jobs" everyone is envisioning?…
I’m not convinced it is, or that it lasts.
Re: Jensen: 'We've done our country a great disservice' by offshoring
#135Earlier quoted context omitted.
Service jobs are hard to export, it's just moving money around inside your country. Riveting is a job that produces goods that can be exported for incoming cash, elderly care isn't.
Depends on the service. Call center work was easy to export.
It wasn't about the labour part and whether that is exportable in the off-shoring sense.
It's about the product being exportable (in the sense of being able to sell it for money outside of your country) vs. just having people within your own economy doing "left pocket right pocket".
And even with that, you can sell a waiter's service to other countries. You just have to first make them come - it's called tourism and comes with a whole lot of other jobs / supply chain(s) as well. Some of which can themselves be off-shored!
Re: Jensen: 'We've done our country a great disservice' by offshoring
#136Earlier quoted context omitted.
That's why I don't like to blame corporations for outsourcing. The consumers outsource every time they select for cost.
I'm not aware of that many times where I've had a choice. I could get a nice, expensive dress shirt made in the US but for general clothing it's extremely difficult to buy domestic. Frankly, a lot of the corporations are still to blame because they're the ones actively concentrating wealth at the top. If I had more disposable income I'd buy more made in the US products but my budget simply doesn't allow it.
Re: Jensen: 'We've done our country a great disservice' by offshoring
#137Earlier quoted context omitted.
That's why I don't like to blame corporations for outsourcing. The consumers outsource every time they select for cost.
I'm not aware of that many times where I've had a choice. I could get a nice, expensive dress shirt made in the US but for general clothing it's extremely difficult to buy domestic. Frankly, a lot of the corporations are still to blame because they're the ones actively concentrating wealth at the top. If I had more disposable income I'd buy more made in the US products but my budget simply doesn't allow it.
How's that much different than the parent's claim of "The consumers outsource every time they select for cost."?
Re: Jensen: 'We've done our country a great disservice' by offshoring
#138Regardless of whether you bring or do not bring manufacturing back you also have to fix these socioeconomic issues before all can prosper.
Re: Jensen: 'We've done our country a great disservice' by offshoring
#139Earlier quoted context omitted.
I guess, but the real issue here is that capital will mount a concerted, decades long effort, to prevent global organization of labor. Its not like its per se impossible to get enough global labor organization: its just profoundly, aggressively, even murderously, opposed by people who have power. I guess we could think of that as just "part of the reality," but I think its a little silly not to at least mention it.
It is not realistic but even worse it isnt even desirable. There is huge swaths of opposition to "global organization of labor". The last thing you want is to oppress a bunch of people under your vision of perfect government.
Re: Jensen: 'We've done our country a great disservice' by offshoring
#140The counter point here is that the US and EU have benefited with a lot of economic growth in the past few decades. The fact that this growth effect has now run its course just means that things may need to change again and that old assumptions may need to re-evaluated. Which might include looking at strategies to re-shore. Not because off shoring was a mistake 40-50 years ago; but because technology now enables autom…
What growth? A bunch of assholes in offices (edit: and a handful of C-suite above them of course) got rich on RSUs at the expense of the entire rest of the economy. The factory shut down and all those workers are getting screwed driving for some gig service or order picking for ecommerce or whatever. Number go up only matters if the number going up is strongly associated with things getting better. And it didn't even…
You can get $15/h jobs and cheap, giant spyware TV’s now. Are you not impressed with your bread and circuses?