01-30-2017, 03:12 PM
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#3532
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I believe in the Jays.
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Quote:
Originally Posted by Azure
The automation argument is lame. The same robots on the GM assembly line in Detroit are being put on the assembly line in Mexico. The only reason the factory is in Mexico is because people down there make $2.50/h, while people in Detroit make $25/h.
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http://fortune.com/2016/11/08/china-automation-jobs/
Quote:
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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
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Last edited by Parallex; 01-30-2017 at 03:17 PM.
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