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Why The Manufacturing Jobs Are Not Coming Back

Tyler Durden's picture




 

There are a plethora of reasons underpinning the fact that manufacturing jobs are not coming back to the USA. Perhaps the simplest is purely economic. As McKinsey notes in a recent report, manufacturings' role in job creation shifts over time as manufacturing's share of output falls and as companies invest in technologies and process improvements that raise productivity. A critical finding is that as manufacturing's share of national output falls, so does its share of employment - following the inverted 'U' curve below. Manufacturing job losses in advanced economies have been concentrated in labor-intensive and highly tradable (read globalizable) industries such as apparel and electronics assembly. Thanks to the increased productivity and a 'high' credit-enabled standard-of-living, the US has simply priced itself out of the global manufacturing business (and so is China as its GDP per capita rises). Unless Americans are willing to put the twinkie (and iPad) down, those jobs will continue to bleed overseas (to India based on the chart below) building the ever-more self-fulfilling vicious circle of a nation dependent on state-aid to survive as only the 'unlucky' few remain employed.

 

 

Source: McKinsey

 

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Fri, 12/21/2012 - 15:17 | 3087820 camaro68ss
camaro68ss's picture

The Bernake can just print us more jobs right?

Fri, 12/21/2012 - 15:23 | 3087848 francis_sawyer
francis_sawyer's picture

Why bother making shit when you can just print it?...

Fri, 12/21/2012 - 15:43 | 3087931 trav777
trav777's picture

that U-shape is called living off of what you built

Fri, 12/21/2012 - 15:48 | 3087944 Michaelwiseguy
Michaelwiseguy's picture

You can't have job growth in America because of all the globalist new world order trade treaties, NAFTA, CAFTA, GATT/WTO, etc. Wage arbitrage using slave wage countries against American workers prevents job creation in the USA. The Federal Reserve Corporation knows its sick twisted game is just about over.

The wage arbitrage problem will be fixed when the US defaults on the national debt and the rest of the planet cuts us deadbeats off from trade with them. I welcome that day.

Fri, 12/21/2012 - 15:58 | 3087973 DoChenRollingBearing
DoChenRollingBearing's picture

Well, as bearing buyer (our main brands are from Korea), I could really care less about the US bearing manufacturing industry.  They WOULD NOT SELL to us, so f'em.

Americans don't want factory jobs.  South Korea now, because of a capital-friendly environment, has advanced manufacturing of bearings, their factories astonished me when I was there.  And now the Koreans have leap-frogged us, they now have 20 machines per man/woman (yes, on the clean & safe factory floor).  You don't make stuff for a while, you kind-of forget how..., and you lose the ability to innovate in YOUR factories.  Dumbasses...

Cry me a river, hardly anyone in Peru buys US bearings in quantity anymore.  Not us!  They won't sell to us anyway.

Fri, 12/21/2012 - 16:14 | 3088023 blunderdog
blunderdog's picture

Americans don't want factory jobs.

Not sure what led you to that conclusion.

It's worth remembering that Americans didn't QUIT their factory jobs. The jobs left, not the workers.

Fri, 12/21/2012 - 16:29 | 3088082 DoChenRollingBearing
DoChenRollingBearing's picture

Do you personally KNOW anyone who works in a factory?  I do not.  Of course, that is anecdotal evidence, but the numbers are out there are manufacturing jobs.  

Unions help scare away factory-owner capital, I should have mentioned that too.

The jobs are NOT coming back.

Fri, 12/21/2012 - 16:40 | 3088120 blunderdog
blunderdog's picture

I did when I was growing up, but the folks knew even back in the late '80s that they were probably going to be dumped.

There was a plastic container manufacturing plant about 3 miles from the place I lived in high-school. Folks didn't love the job, but they were fine with it because it was mostly mindless and a "living" wage for cheap apartments and trailer parks.

How would either of us *know* factory workers today if there aren't any factories?

My point isn't that the jobs are coming back. My point is that you can't conclude that Americans don't want the jobs based on the fact that labor is cheaper in Bumblefuckistan.

Fri, 12/21/2012 - 17:55 | 3088392 economics9698
economics9698's picture

The reason manufacturing jobs are not coming back is it is easier for the Yids to print the medium of exchange than it is to hire people to make shit.  It’s all about what the fucking Yids want.

Fri, 12/21/2012 - 18:53 | 3088608 blunderdog
blunderdog's picture

Their powerful mind-control techniques have permanently altered your brainwaves, obviously.  Perhaps they'll keep you as a pet if you prostrate yourself before such superior beings.

Fri, 12/21/2012 - 22:47 | 3089187 mkhs
mkhs's picture

You, too, see what needs to be done.  It works on you, too.

Sat, 12/22/2012 - 13:41 | 3089758 blunderdog
blunderdog's picture

Nah.  I was being sarcastic.  Blaming an ethnic group is a coping strategy of the simplest minds only.

Fri, 12/21/2012 - 16:41 | 3088121 Michaelwiseguy
Michaelwiseguy's picture

My 30 year top CNC machinist experience gets me $10/ hour to start these days. My $1/4 million home is paid off so I go John Galt as often as possible like currently. I usually up and quite on my employer without notice when I get fed up with my pay. I've had 7 years of sabbaticals over the past 30 years while going through about 10 employers.  

Fri, 12/21/2012 - 18:52 | 3088606 Lednbrass
Lednbrass's picture

Must be your area. In upstate SC low end starting rate is typically mid teens and yeah, I work in decent size metal shop. Our CNC supervisor (the guy who writes the programs) is at $30 and hell no, it ain't a Union shop. The guys who program and run the laser and punch machines are also all in the $25-35/hr. range and robot welder programmers/operators are at $20 ish.

Could be a history of walking off is working against you maybe? That number you give is crazy low for that field- our young unskilled guys who shake metal parts out of sheets coming off of the laser make that much.

 

Fri, 12/21/2012 - 23:34 | 3089235 Michaelwiseguy
Michaelwiseguy's picture

My top pay back in 2003 was 18.50/hr in SE PA. All my take home went to paying the mortgage and house bills. It was all down hill from there paywise. I sold my house in 2004 and spent the capitol gains on a foreclosed house in SW Florida in 2009, paid off 100%. Now I live like a king needing little money. I only work when I need money. 

Sat, 12/22/2012 - 00:22 | 3089282 Jon Bong Jovi
Jon Bong Jovi's picture

$10/hr that's like what I paid the one of the ethnic gentleman standing in front of lowe's to dig my duck pond.

Fri, 12/21/2012 - 16:49 | 3088131 tbone654
tbone654's picture

Even more simply...  No one can afford employees any more...  I know I can't...  Where at my peak I had 27 employees, now I have none...  COGS way too high...

Warehouse turned into batting cages... Now my family members do all the work, and I save a LOT of money...  No more employees for me ever...  They steal... They suck... They cost me too much in workers comp (12%)...  That's a lot of gross margin...  And here in this city, they require I give them all 9 paid sick days per year...  Blow me!

Fri, 12/21/2012 - 17:22 | 3088285 nope-1004
nope-1004's picture

Can't say I disagree.  Most employees, especially younger ones, just don't give a shit about their job.  Customer service is gone.  Helping someone at 4:30 on any day is a nuisance.  It's the age of entitlement.

I have a close friend who has a business that could easily expand if he wanted to, but he says "forget it.  I'd rather turn work away than deal with employees that could give a rip about my customers."

 

Fri, 12/21/2012 - 17:41 | 3088337 cxl9
cxl9's picture

Completely agree. I operate a solid, profitable business, and I turn away a lot of work because I don't have enough capacity to handle it. I could probably double or triple the size of my business if I could hire competent, conscientious employees. But why bother? I am making a good living anyway. I have no interest in hiring, and it has nothing to do with regulations, tax policy, or Obamacare.

Fri, 12/21/2012 - 18:49 | 3088589 RKDS
RKDS's picture

Sorry, I had to downvote you here.  I understand the frustration of being turned down by businesses that for some reason or another just aren't interested in actually doing business.  I've had my share of it to be sure.  But it's their imbecilic management turning me down, not the workers who'd surely welcome a little job security that a steady flow of orders would bring.  People who've never tried to do anything beyond work and shopping have no idea.  They'll turn away a million small orders waiting for one big order that may never come, just like the retards who send all of the entry level IT jobs to India and cry about a skills shortage here.  Where the fuck do you expect tomorrow's success stories to come from if you keep suffocating them in their cribs today?

Fri, 12/21/2012 - 19:12 | 3088651 DoChenRollingBearing
DoChenRollingBearing's picture

Imbecilic management describes it nicely, + 1.

Fri, 12/21/2012 - 20:37 | 3088879 Laddie
Laddie's picture

The Swine who control our government sold us out, and the Koreans got another sweetheart treaty to sell their shoddy goods here. We know you HATE us:

http://www.nytimes.com/2009/11/02/world/asia/02race.html
South Koreans Struggle With Race
November 2, 2009
By CHOE SANG-HUN

Today, the mix of envy and loathing of the West, especially of white Americans, is apparent in daily life.

The government and media obsess over each new report from the Organization for Economic Cooperation and Development, to see how the country ranks against other developed economies. A hugely popular television program is “Chit Chat of Beautiful Ladies” — a show where young, attractive, mostly Caucasian women who are fluent in Korean discuss South Korea. Yet, when South Koreans refer to Americans in private conversations, they nearly always attach the same suffix as when they talk about the Japanese and Chinese, their historical masters: “nom,” which means “bastards.” …

Fri, 12/21/2012 - 22:34 | 3088979 DoChenRollingBearing
DoChenRollingBearing's picture

It is relatively easy to cherry-pick something from the MSM.

Two comments:

1) Yes, many insular cultures are often racist, there is no doubt about that, and Korea is very insular.  But, on MY trip there, everyone was very decent to me (as far as I could tell, FWTW!), more Koreans spoke English (Seoul) than Japanese did (Osaka).  Anecdotal evidence only!  Keep in mind that Korea lives in a tough neighborhood, they don't like outsiders, ANY outsiders.  (That may mean that it might just be a good time to bring our troops home, reduce tensions w/ the locals?)

2) I dispute your comments re shoddy goods, at least for automotive products (oh, and Samsung, their big screen LED TVs and smartphones).  Hyundai overtook Toyota in Peru as Number One seller of cars (unit sales, not $ volume).  They Hyundai Accent and Kia's Rio and Soul vehicles are very popular here, and "Consumer Reports" gives them good ratings.

No junk, because you provided info worth commenting on.

Fri, 12/21/2012 - 22:00 | 3089090 Omen IV
Omen IV's picture

completely stupid - end to end  -  supply will meet damand as necessary - any limitation in us produciton capacity whether workers or  -capital if the demand was there  - would be able to supply quality goods - the fact is the WTO and other agreements have intentionally destroyed labor contribution - the lobbyist based decision process of government was paid to destroy the us capacity and more importantly organized labor

markets are a function of demand and access to markets - with tariffs comparable to 1975 there would be no chinese products in the usa - this was purely a political decision not economic decision - not capacity availability of us based product - new market= canada, usa and eec would have 700 million people enough to sustain a market all comparable wages and regulations and taxes - end the WTO!

Sat, 12/22/2012 - 06:33 | 3089495 Mountainview
Mountainview's picture

In the meantime China is moving up the scale of production complexity. In Peru you find now Chinese car brand names (Great Wall...) and theyn are also developing civil aircrafts aimed to compete with Boeing and Airbus.

So what will be left for the developed world to manufacture?

Fri, 12/21/2012 - 15:59 | 3087979 nufio
nufio's picture

as would most of the pople working those jobs for pennies. as soon as the trade treaties end and manucaturing is localized other countries will see no reason to hold on to the dollar and there might be justice in the world. What really needs to end is the dollar reserve status. This is what keeps the poor in developing countries poor and the poor in the US jobless.

Fri, 12/21/2012 - 16:14 | 3088017 HurricaneSeason
HurricaneSeason's picture

It would be poetic justice if China confiscated all the traitor corporations property to cover the $trillion in debt that they are owed and bye bye $250 a month labor with no benefits.

Fri, 12/21/2012 - 16:18 | 3088042 akak
akak's picture

"If", or when?

Fri, 12/21/2012 - 19:11 | 3088649 TimmyB
TimmyB's picture

If our politicans were not whores who sell themselves to the highest bidder, then NAFTA, GATT/WTO CAFTA and all the rest of these so-called "free trade agreements" would be overturned in a heartbeat.  Shit, remember in 2008 when Obama said he would redo NAFTA, and he shortly thereafter sent a representative to Canada to tell the Canadian government he was just lying about changing NAFTA to get votes?  And how funny is it that some people think that whore is a communist?  Here's a clue for some people---whores don't whore themselves because they are secret Communists or Moslems.  They are whores because they get paid for it.    

In any event, manufacturing jobs are not comming back because the people who buy our politicians don't want manufacturing jobs to come back.  That's the reason these jobs left in the first place.  How in God's name could the Walton Family keep the same wealth as 40% of our population if they had to pay workers more than $2 per day to make the shit they sell at Wallmart?  How could the Walton Family keep paying its workers minimum wage if those workers could easily get a good paying manufacturing job?  The Waltons, Apple and their ilk could not remain as rich as they are if these jobs came back to America, so these jobs must stay overseas.       

The existance of manufacturing jobs in this country is a political, not economic, question.  Look at who rules this country.  We don't have manufacturing jobs here because our rulers want those jobs to be performed by rural Chinese peasents instead of middle class Americans.  Our rulers make more money that way.       

 

       

 

 

   

Fri, 12/21/2012 - 15:51 | 3087955 johnnymustardseed
johnnymustardseed's picture

because the capitalists gave those jobs to communists

 

Fri, 12/21/2012 - 15:29 | 3087858 nope-1004
nope-1004's picture

Can't the banksters and Blythe just manufacture more nefarious credit instruments?  Voila... manufacturing in America fixed!

No other industry has seen more growth over the last decade than "financial innovation".  Total joke.  That's what 'merica has become...... completely reliant on changing accounting to fit the agenda and cover the real problem:  People don't produce anymore.  They just wait for assistance so the gov't is forced to change definitions to keep votes.  Don't like CPI?  Change it.  Don't like mark to market?  Change it.  Cover up the truth, cover up the inadequacies, so nothing to see here.  "Change you can believe in".  lol.

Fri, 12/21/2012 - 15:39 | 3087911 Max Hunter
Max Hunter's picture

+1000

Fri, 12/21/2012 - 15:18 | 3087824 jjsilver
jjsilver's picture

The Sandy Hook Actors

https://www.youtube.com/watch?v=8_b9hh2lp3I

Watch and judge for yourself whether you are witnessing genuinely grieved friends and family, or professional actors playing a designated role. I think the answer is obvious.

Fri, 12/21/2012 - 15:47 | 3087943 Kitler
Kitler's picture

Scary. Very scary.

Fri, 12/21/2012 - 15:55 | 3087967 johnnymustardseed
johnnymustardseed's picture

jj you are a asshole

Fri, 12/21/2012 - 16:08 | 3088004 Pure Evil
Pure Evil's picture

Is that one asshole to another?

Sorta like the pot calling the kettle Obama.

Fri, 12/21/2012 - 17:13 | 3088261 jjsilver
jjsilver's picture

Thank you for the compliment johnnymustardshill

Fri, 12/21/2012 - 16:17 | 3088036 blunderdog
blunderdog's picture

That video's a false flag.

There's not even such a place as Newtown, and when's the last time we even received confirmation that Connecticut exists?

It was a sound-stage in Hoboken.

Fri, 12/21/2012 - 17:08 | 3088209 jjsilver
jjsilver's picture

Blundershill do you mean the land known as Connecticut one of the several states, or do you mean the political fiction known as the STATE OF CONNECTICUT?

Fri, 12/21/2012 - 17:39 | 3088329 blunderdog
blunderdog's picture

I'm a false flag. I don't even exist, I'm just a part of the globalist conspiracy to piss you off. If you read the first letter from each line of every one of my posts going back to when I first signed up here, you'll see a secret encoded message about the next place the conspiracy is going to strike.

Get to work, son.

Fri, 12/21/2012 - 17:00 | 3088199 max bucket
max bucket's picture

jjsilver you need help baby

All I see is a guy grieving with classic switching emotions

You see a NWO plot

Go figure

Fri, 12/21/2012 - 17:04 | 3088220 jjsilver
jjsilver's picture

You're right, I do need help waking up the people shill

 

switching emotions, surely you can do better max bucket shill

Fri, 12/21/2012 - 21:23 | 3088939 jbvtme
jbvtme's picture

jj...good action.  i'm convinced it was staged, too. everywhere you look it just doesn't seem natural.  check out the police chief threatening social media for talking about the event.  the emt's claim to have been in the building for five hours on friday.  doing what?  everyone was dead and the bodies weren't moved until the dead of nght.  did you see the fire power there on friday?  it looked like a war zone.  the shooter was dead. why the heavy artillary?  you really think mom took her retard to the shooting range or left guns around the house for him to play with?  sandy hook is mentioned in batman dark night rising movie. how did the cops end up with the bother's id?  there is not a digital (or physical) trace of adam in the past three years. hungar games author lives in sandy hook.  it's a psy op. 

Sat, 12/22/2012 - 04:25 | 3089445 JOYFUL
JOYFUL's picture

help be on the way bro...

http://www.jimstonefreelance.com/

as usual, Jim's site is being messed around with every which way but loose, so just go to the home page and read what he is able to put up about the latest ZOG psy-op.

Amerika...total freak show now...even as late as Aurora, they put a little effort into polishing the production...now, it's just anything goes...kind of like the daily manipulation of the precious metals markets. It's all out in the open.

Sat, 12/22/2012 - 09:29 | 3089550 Disenchanted
Disenchanted's picture

 

 

I scrolled further down at the jimstonefreelance.com to what he had to say about the blast in Indianapolis(south side) and I find it very interesting as I only live about 40 miles south of there. Initially it was blamed on natural gas, and I told my wife at that time I didn't think it looked like a natural gas blast. In fact I speculated here on a past thread that I wondered if there had been a training mishap by the Indiana Air National Guard, and that some ordnance had 'hung' after a run over their Madison Proving Grounds practice site.

 

Well things went quiet for awhile until this week it was announced that three suspects had been arrested. Seems investigators have zeroed in on a microwave oven being the ignition point(and set off the natural gas explosion). Can you believe that bullshit!? Look at what jim stone says and the pic embeded in this quote:

 

Indianapolis blast caused by high velocity explosive

 

There is little information coming out of Indianapolis, but all of what is coming out indicates that it was a high velocity detonation which occured a few feet off the ground.

 

There is little concrete foundation remaining at the house the explosion happened at, which totally rules out gas. The lack of high definition photos is damning, we are getting nothing of the blast epicenter and only the debris in the streets. I managed to find a super high quality photo of the neighborhood that does not focus on the house where it originated, but it is clear enough overall to seem to show that the foundation is gone and there is only dirt. But there is so much rubble that it is really hard to tell what is there without a better photo. I am working on this now, and will update it later.

 

I have received requests to explain the following photo better. When I mention the decompression damage, this is what I am trying to say. If you have a detonation from a military grade explosive, rather than a natural gas explosion, the shock wave that goes out from the blast is supersonic and forms a wall of bunched up compressed air as it moves outward. This creates a vacuum cavity in the heart of the detonation, which can go outward for several hundred feet. Air needs to rush backwards to fill that void after the blast wave has passed, and this creates an enormous suction after the intital blast that can cause significant damage in addition to the initial blast damage. So the arrows are pointing at windows, garage doors, and exterior walls of houses that got sucked off by this negative pressure wave. The fact that the houses I refer to had the external sheathing ripped outward, instead of being blown inward, proves that this was no gas explosion, which is subsonic, it was a detonation of military grade ordinance. Explosions are subsonic, detonations are supersonic, and detonations will cause the reverse pressure wave following the blast. Subsonic explosions will not. This is what I am referring to in the high res photo.


This is the only decent photo which will allow a study of the scene,It can tell us a few things, but not everything. More detail of the epicenter is needed. I hunted for that and cannot find it anywhere.

 

In the arab world, where the homes are made of solid concrete and have no wood at all, even inside, the negative pressure wave has a negligible effect. But in America, the homes are wood even if they have a brick face, and this will drastically increase the damage potential of the negative pressure wave. When our government decides to make such attacks commonplace, our homes will not offer any protection at all. In fact we are sitting ducks.

 

This was a much bigger blast than is being stated in the press, with eyewitnesses saying that 8 miles away it sounded like lightning hitting their homes, a recording being made at the time six miles away clearly recorded the blast, and it is not an explosion, it sounds like a detonation. Military veterans are saying it sounded exactly like military ordinance, and people two miles away from the blast say it was so loud they thought a bomb went off within their own yards. The blast effects in the high resolution photo indicate that not only was there a strong compression wave, but there was also a very strong subsequent decompression wave, with homes not badly damaged having their windows sucked out and not blown in, even while facing the direction of the blast. This effect is also visible on several garage doors.

 

Injuries from the scene exactly match those of battlefield blast wave injuries, which include lung damage, pulmonary damage, ear damage and psychosis/disorientation. This was NOT a gas explosion, meth lab explosion or anything else, it was a detonation of high grade explosives.

 

Since I do not have a better explanation I am going to tentatively state that the black helicopter and missile plume story could be possible, we all knew this was coming. But I have absolutely no confirmation of this or any other evidence other than blast effects. It appears that it was a smart guided bomb or missile with an ability to detonate after impact, (there are many bombs now that can be set to go off after they have entered a structure to a pre set depth.) This is what we are looking at, they did not want a crater forming ground burst but it appears to have stripped away the foundation. It sure would be nice to get a few REAL photos out of there.

I have also heard now from many writers that Fema and the DHS were on scene within three minutes. If true, this would be proof positive that it was a government hit, and as you know, Obama wrote himself some nice little tyrant powers that allow him to kill anyone he wants. I am not going to take the time to link it, if you don't already know this, you need to study your way to it. Welcome to the U.S.S.A, and in fact, it has been at least partially this way for a few years now.

 

 

I would like to know what the people who owned that house were doing. I would like to know if they had the goods on election fraud. I would like to know if they were in a position to be whistleblowers. I would like to know why on earth they were targeted like this, and I am not going along with a Sorcha explanation. The bottom line is I just don't have the answers here, the only thing I can affirmitively state is that this was a military hit of some sort.


 

Above the part about the Indy blast, Stone was referencing a night club blast in Springfield. Anyone know about this? Is it Springfield, IL, MO...or somewhere else?? I must have totally missed that incident. 

 

 

edit... Never mind I see it was at a Springfield, Mass strip club:

http://www.wbur.org/2012/11/24/springfield-strip-club-explosio 

Stone is stating he doesn't think that's natural gas either.

 

Maybe it's no longer just an economic war on We the People...or maybe it's just our bad karma we've built up in our century long world tour killing spree.

Sat, 12/22/2012 - 13:50 | 3089764 blunderdog
blunderdog's picture

Agree the IN debris-field doesn't look like a natural gas explosion, but I don't think much can be concluded from that.  If the folks charged were at the end of their rope, wanting to blow up the house makes a certain sense, and if they constructed their own explosives, there are all kinds of reasons for why the authorities won't want to share that info.  A high-school level chemistry education puts high-explosives within reach of a lot of people.

Sat, 12/22/2012 - 21:45 | 3090575 Disenchanted
Disenchanted's picture

 

 

True...I'm wondering if that's why the brother of the boyfriend of the woman who owned the house was brought into the plan. Could be he's ex-military with explosives experience. I haven't heard anything on that from the local news sources, but I don't monitor them that closely either.

Fri, 12/21/2012 - 17:08 | 3088249 HurricaneSeason
HurricaneSeason's picture

Why would anyone hire an actor?  "Genuinely grieved"?  You're accusing them of hiding the fact that their happy about their young children being killed? I think you should stay on your meds and your post should be deleted.

Fri, 12/21/2012 - 18:50 | 3088599 Overfed
Overfed's picture

NO, retard. He's saying that he thinks the whole thing is a hoax and never really happened.

BTW, it happened. The PTB have zero compunction whatsoever about wasting some kids to achieve their political objectives.

Fri, 12/21/2012 - 15:18 | 3087825 Boilermaker
Fri, 12/21/2012 - 15:32 | 3087869 SamAdams
SamAdams's picture

YOU want to know when the jobs will be back?  Consider this - WE worked VERY hard back in 2008 to move as much domestic product as possible to China and India.  How else were WE to compete when our customers kept asking for price reductions while the cost of COPPER, STEEL and ALUMINUM rocketed to record levels?  WE laid off 60% off our machinists, assemblers and even a few engineers.  THOSE JOBS ARE NOT COMING BACK until US worker pay <= switching costs + shipping costs + import levies + logistics + Chinese labor costs.  Better get that standard of living down a bit more, eh?

That is the sad truth, but maybe you can still qualify for an Obamaphone?  Yes, that will make things better....

Fri, 12/21/2012 - 15:37 | 3087899 Manthong
Manthong's picture

The upside is that those hundreds of millions of Chinese workers will be kept busy even if it means 100" flat screens are selling for the price of a comic book in the US.

Fri, 12/21/2012 - 16:59 | 3088208 SamAdams
SamAdams's picture

ah, you know the ancient chinese secret ;-)

Fri, 12/21/2012 - 15:44 | 3087930 Boilermaker
Boilermaker's picture

Hey, I work in automotive and live in metro Detoit.  Please, spare me the hardship line.  I'm all too familiar with it.

Fri, 12/21/2012 - 15:21 | 3087836 SgtShaftoe
SgtShaftoe's picture

Anyone who watched the Kyle Bass clip earlier this week think he looked frightened?  It looked like he was not telling people the full of the story, but that's just my take.  

Fri, 12/21/2012 - 15:33 | 3087875 Winston Churchill
Winston Churchill's picture

You think.

He was only prophesing WWIII within a couple of years.

Whats not to be frightened about,or do you have a nuke proof backpack for your kids ?

Fri, 12/21/2012 - 15:44 | 3087932 SgtShaftoe
SgtShaftoe's picture

I have a super dooper radiation suit and a delorean I bought off ebay.  I'm working on the flux capacitor now, and when WWIII starts there will be plenty of plutonium laying around.    

Fri, 12/21/2012 - 15:34 | 3087886 kliguy38
kliguy38's picture

Noooooo......Ya THINK??? hehehehe....he really screwed the pooch when he described his visit to audit his gold and how they chased his 30 numbered bars all over the vault to retrieve the "allocated" gold.....I'm sure he got a very nice "visit"

Fri, 12/21/2012 - 15:38 | 3087900 SgtShaftoe
SgtShaftoe's picture

Well, if you listen to his words, he seemed bullish on the US  and relatively the USD.  I don't think he's being completely forthright.  I think he may know there's going to be a US currency crisis soon, but he's painting a prettier picture than it really is.    

Fri, 12/21/2012 - 15:46 | 3087939 trav777
trav777's picture

it was all there, wasn't it??

I mean, do you really think they go in there and move these things around in order to ensure all of yours is in one tidy little place?  "It's on the computer, gold is gold."

Fri, 12/21/2012 - 15:43 | 3087928 glenlloyd
glenlloyd's picture

could be, but anyone who isn't concerned isn't paying enough attention....which is a large percentage of the population.

There are however others who are aware but choosing to ignore either because they don't think they'll be impacted or other.

A friend of mine said recently he feels more confident financially than ever..I said, "really? have you reviewed your debt load recently?"

Fri, 12/21/2012 - 15:49 | 3087950 debtor of last ...
debtor of last resort's picture

You mention it. The fed sponsoring his Japan bet.

Fri, 12/21/2012 - 15:20 | 3087838 Mike2756
Mike2756's picture

Disagree, India doesn't have the infrastructure, they can't even feed their people.

Fri, 12/21/2012 - 15:46 | 3087941 trav777
trav777's picture

they've fed them well enough to get to 1.2B of them, didn't they?

India is deer on an island.

Fri, 12/21/2012 - 15:50 | 3087952 Mike2756
Mike2756's picture

The past, can't feed them now.

Fri, 12/21/2012 - 16:13 | 3088014 Pure Evil
Pure Evil's picture

Doesn't matter, any manufacturing that does come back will have robots as workers.

No need for salaries, benefits, or healthcare.

If you're lucky you might find work as a robot maintainence worker.

Best get your Obamaphone now before they run out.

Fri, 12/21/2012 - 16:16 | 3088029 nufio
nufio's picture

well india has 50% arable land and agriculture is half as efficient as that in china.. when things get desperate, efficiency will improve. Moreover give the majority of population in india are vegetarian hindus, the agricultural land per capita necessary is much lower than in the west or china. 

Fri, 12/21/2012 - 15:22 | 3087844 fuu
fuu's picture

Uhh Twinkies are extinct.

Fri, 12/21/2012 - 15:22 | 3087845 Jason T
Jason T's picture

unless we really do see peak oil.. or peak net energy.. we go back to toiling in the fields or on the weaver making food and clothes.  

Once an adult, twice a child. 

Fri, 12/21/2012 - 15:38 | 3087904 Winston Churchill
Winston Churchill's picture

On the bright side;

Buggy whip manufacturing will come back.

Fri, 12/21/2012 - 15:22 | 3087846 Bam_Man
Bam_Man's picture

Whatever manufacturing jobs do come back will most likely be performed by robots.

Fri, 12/21/2012 - 15:34 | 3087884 SamAdams
SamAdams's picture

or Zombies! 

Fri, 12/21/2012 - 16:07 | 3088002 DoChenRollingBearing
DoChenRollingBearing's picture

Korean robots (along with workers, tending 20 machines each) are making our bearings (for Peru), or at least in some of the processes of making them.  Visiting Korea was the first time I ever saw advanced robots in action making stuff...

We would have to import the robots anyway.

Fri, 12/21/2012 - 15:23 | 3087847 becky quick and...
becky quick and her beautiful mouth's picture

they're closing down the textile mill, on the other side of the railroad tracks...

Fri, 12/21/2012 - 15:24 | 3087854 devo
devo's picture

So kiss me and smile for me
Tell me that you'll wait for me
Hold me like you'll never let me go.
(oh, baby, don't let me go!)
I'm leavin' on a jet plane
I don't know when I'll be back again
Oh, babe, I hate to go.

Sincerely,

Manufacturing

Fri, 12/21/2012 - 15:25 | 3087856 Mikehy
Mikehy's picture

A mitigating factor in my view is that as long as it is illegal for the US to export crude oil our energy costs will be lower than just about all of the developed world and this will be especially important for heavy industry.

i dont know that we will ever get back to the 1950's but the energy price disparity will encourage industry to an extent.

Fri, 12/21/2012 - 16:41 | 3088125 redeals
redeals's picture

The US DOES EXPORT oil.

Fri, 12/21/2012 - 16:53 | 3088185 object_orient
object_orient's picture

The US imports crude oil and exports refined products. So what? Gasoline costs more in Europe because the taxes are higher. If you're talking about electricity production, what does crude oil have to do with that?

Fri, 12/21/2012 - 15:27 | 3087859 wagthetails
wagthetails's picture

probably the biggest reason to not let unskilled immigrants into the country.  There aren't any jobs for them.  The American dream has peaked.  w/o low skill and medium skill jobs it is impossible for families to improve with each generation. 

Fri, 12/21/2012 - 16:57 | 3088196 object_orient
object_orient's picture

So all those guys outside Home Depot are just sunbathing? Maybe there aren't any jobs, but there's plenty of work that needs doing.

Fri, 12/21/2012 - 15:31 | 3087871 Segestan
Segestan's picture

Really?  What about Germany?  They still have industry and are as a result expected to save the banksters ass'. Just another Liberal sell out article intended to justify globalization and cheap labour.

Fri, 12/21/2012 - 16:14 | 3088019 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  Germany makes fine bearings, and in advanced automated plants too.  For the most part, their workers are literate and willing to work in factories.  How many here in the US are equally inclined?  Who, in their right minds would WANT to build a bearing factory here???

But, THEY (the Germans) are also outsourcing their bearing manufacturing, INA bought KBC and FAG, both w/ factories in China and Korea.  SKF (of Sweden, the world's largest bearing manufacturer) has lots of plants in China (and India, Brazil, Argentina, Malaysia, etc.  Last I heard, SKF was going to CLOSE their last USA plant, but that was a while back so I do not KNOW that).

It's a worldwide phenomenom.  It's going to be around for a long time.  Get used to it.

Fri, 12/21/2012 - 15:33 | 3087880 cougar_w
cougar_w's picture

It's fine. We're headed for deindustrialization anyway. Everyone who doesn't have a trade or a store front becomes a farmer or a field hand. Problem solved.

And notice; no iPads anywhere in the picture.

Fri, 12/21/2012 - 20:32 | 3088869 JOYFUL
JOYFUL's picture

You're onto something there, but I can't agree that 'de-industrialization'will usher in much problem-solving...unless you mean in a PolPot sort way...

the lack of imagination that General Education has bred into the western peoples has made the wage economy become an assumed permanent fixture of their societies, rather than a phase in it's development.

After the great fork in the road that was the 1960's\70's. there was an even chance that the west might have moved into a higher level of development, which leveraged the values of the one-pointed, concentrated labor that previous generations were capable of into a quality of life directed economy in which people actually cared about their work and made it the basis of their lifestyle. Small farming, fishing, prospecting, artisanal production, low impact living in self directed communities. Minimal needs, maximum independence.

Instead, we were induced into believing in the leisure society, a consumer-fetish Jetsons-style utopia where no one needed to produce anything of value to anyone else, because everything would be done by consciousness-less machines while we surfed away another day in paradise. Then came the oil-shock, easy money dried up, and everybody got scared into suits n 9 t0 5. A Bait and Switch performed by those who have plotted the downfall of the West for centuries.

Work well done is in it's essence an expressing one's pleasure at being alive, and having the opportunity to contribute to the greater good...now people have devices\machines to distract them from that state of mind, while they trudge mindlessly through another day in the hell that the west is becoming. Work, waged or otherwise, is no longer an option, because the meaning of work has been lost to the west.

People are simply too alienated from themselves and their surroundings to perform much useful work anymore...the picture in your imagination will not happen, unfortunately...as Steely Dan sang..."those days are gone forever, over a long time ago!"...

Fri, 12/21/2012 - 15:36 | 3087896 adr
adr's picture

It has nothing to do with the population getting wealthier, but the establishment of publicly traded corporations and the increasing importance of the stock market as a vehicle to wealth. It is hard to increase your share price if you can't create more profit by selling more goods. Since the late 1970s companies were able to increase profits through purchasing other corporations profit and jettisoning labor costs by manufacturing overseas.

By the 1990s what was left of the American economy was thoroughly destroyed with the rise of the mass publicly traded retailer. The behemoths that require 60% margin if you even think about talking to them. With most of the products filled by distribution corporations that purchase the product from overseas manufacturers directly, or vendors lucky enough to still be in business in America for 80%.

That means if you wish to sell your product to consumers for $10, the wholesale price must be $2. So you must manufacture the product and still make profit off $2 per unit. Which means your manufacturing cost must be under $1 to allow you to double your money as a manufacturer. It is pure insanity and why every product you buy today is a piece of garbage.

It is possible to produce that $10 product in America for $3. It is also possible to still sell the product for the $10 retail price, if the publicly traded behemoth retailer would be willing to make 40% instead of 60%. This would however put the behemoth out of business because the operating costs of a giant corporation like Walmart have already gone above 50% of sales revenue.

Labor cost is actually a small percentage of the overall cost of a product. Materials still cost more than labor per unit in most cases. One major problem with US manufacturing is that base material costs for US based factories are higher than developing nations, environmental and other government regulations add even more cost on top of the base commodity cost.

Wall Street and the idea of wealth without work through the transfer of stock, is to blame for the destruction of manufacturing.

Fri, 12/21/2012 - 15:56 | 3087902 earleflorida
earleflorida's picture

by 2020 the u.s. will be null-n-void of any manufacturing, period! get used to a service orientated economy.

on another note... mobile phone use in africa exceed 650 million units as of nov/2011 [lots of virgin spectrum bandwidth auctions coming too market for valua-added carriers $$$] -- bonanza for china... unless, however-- the u.s. gets some 'free-trade-agreements' signed?        

http:www.topsy.com/www.ibtimes.com/articles/247111/20111110/africa-mobile-pho...

article: 'mobil-phone-service-skyrocketing-africa-huge-potential-further-growth' 

Fri, 12/21/2012 - 15:39 | 3087909 viator
viator's picture

"After years of offshore production, General Electric is moving much of its far-flung appliance-manufacturing operations back home. It is not alone. An exploration of the startling, sustainable, just-getting-started return of industry to the United States."

http://www.theatlantic.com/magazine/archive/2012/12/the-insourcing-boom/...

"For decades, every trend in manufacturing favored the developing world and worked against the United States. But new tools that greatly speed up development from idea to finished product encourage start-up companies to locate here, not in Asia. Could global trade winds finally be blowing toward America again?"

http://www.theatlantic.com/magazine/archive/2012/12/mr-china-comes-to-am...

Manufacturers have announced more than $90bn worth of investments in the US to take advantage of its cheap natural gas, according to new calculations, underlining how the shale revolution appears to be driving the country’s industrial renaissance.

Petrochemicals, fuel, fertiliser and steel companies are among those that have committed to or are considering multibillion dollar investments based on their ability to source cheap energy and feedstocks.

http://www.ft.com/intl/cms/s/0/4b3f6280-4609-11e2-ae8d-00144feabdc0.html...

 

Fri, 12/21/2012 - 15:53 | 3087957 trav777
trav777's picture

so the question still becomes are we gonna plan for the eventual and inevitable peak and decline of NG production, or are we gonna just whistle past the graveyard again?

Gonna hafta stop spending our money on war weapons which yield nothing for society except more war, and divert to HTS and Gen 4 reactors like LFR and SCWR.

The biggest obstacle facing us right now for preserving Happy Motoring is the lack of a decent battery.

Fri, 12/21/2012 - 15:59 | 3087978 earleflorida
earleflorida's picture

+1000     trav777

Fri, 12/21/2012 - 16:28 | 3088077 blunderdog
blunderdog's picture

Safest bet is that government and big business attempt to prevent any meaningful change to any policy, so I'd go with "whistling past the graveyard."

Fri, 12/21/2012 - 16:38 | 3088108 redeals
redeals's picture

Automated manufacturing doesn't produce a lot of jobs.

Fri, 12/21/2012 - 15:40 | 3087916 Walt D.
Walt D.'s picture

The US is "Stuck in a RUT". - Regulations, Unions, Taxes

Fri, 12/21/2012 - 15:41 | 3087918 Glass Seagull
Glass Seagull's picture

We have two choices here:

 

1) bring back offshore(d) jobs, optimizing US mfg.'s % of labor economy while lowering GDP

or

2) buy more guns

 

Fri, 12/21/2012 - 15:41 | 3087924 wkwillis
wkwillis's picture

As long as the rest of the world is giving us free crude oil, computer phones, and coffee beans, we are not going to have to export or import substitute stuff.

The fiscal cliff will make it worse. We will balance the budget, making us look like a better credit risk. They will continue to buy T-Bills.

Our primary (farms, mines, forests, drilling rigs) and secondary (smelters, factories, refineries, steel mills) are down to 10% of the work force. It will take us 20% to be self sufficient and not need imports, and 30% if we want to pay back the trillions we have borrowed. You would see Hispanic high school dropouts in factories making more money than your kid with a law school degree if we ever got to that level. Which is why we won't.

Fri, 12/21/2012 - 15:45 | 3087938 surf0766
surf0766's picture

We will never balance the budget. 

Fri, 12/21/2012 - 16:19 | 3088047 cxl9
cxl9's picture

We will balance the budget

Awesome. Thanks for the laugh! They will never balance the budget, and I will go further and say that there will be no net decrease in spending, ever, until the collapse. There is simply no mechanism by which government spending can be reduced. More printing and more spending will continue until we hit the wall.

Fri, 12/21/2012 - 15:43 | 3087929 tooriskytoinvest
tooriskytoinvest's picture
Sorry Protesters: Your Jobs Are Being Sent To China And They Aren’t Coming Back

http://investmentwatchblog.com/sorry-protesters-your-jobs-are-being-sent-to-china-and-they-arent-coming-back/

Fri, 12/21/2012 - 15:56 | 3087968 MrBoompi
MrBoompi's picture

The labor market is the only free market left, where owners can decide it they want to pay $15/hr, or $.25/hr.  This is why manufacturing is not coming back anytime soon without some form of protectionism.  And don't hold your breath waiting for that to happen.

 

 

Fri, 12/21/2012 - 15:58 | 3087975 surf0766
surf0766's picture

It is not free. What is min wage?

Fri, 12/21/2012 - 16:30 | 3088084 blunderdog
blunderdog's picture

On a global level, it's zero.

Fri, 12/21/2012 - 15:56 | 3087970 D-liverSil-ver
D-liverSil-ver's picture

I've been working at the same manufacturing facility for 25 yrs in the Southeast USA.

No Unions to screw things up. We aren't going anywhere.

Fri, 12/21/2012 - 15:56 | 3087971 SgtShaftoe
SgtShaftoe's picture

Much of this fall-off in manufacturing jobs is natural innovation and automation.  It's cheaper to make a robot manufacture parts than to employ a human that makes mistakes, especially at a certain quantity threshold.  China manufacturing jobs will continue to decline as well.  Automation is much better.  The manufacturing jobs that have remained in the US are high-skill manufacturing jobs: tool and die makers, and people who fix the automation systems.  Also, industries that do short runs on products, like parts for late model cars. The setup and tear down for each run requires skilled people.  That kind of skill doesn't cost much per widget.  I for one, am glad I'm not assembling televisions mechanically in some Detroit satellite hellhole.  

The rest of the manufacturing fall-off is the real state of the economy.  You can't sustain a world economy on debt bubbles.  It's already imploding.  We just have to wait.  

Fri, 12/21/2012 - 16:02 | 3087992 yogibear
yogibear's picture

The US doesn't need any manufacturing anymore.

We have Bubble Bernanke and the Federal Reserve that can print all the money we need and the BLS to make up the numbers.

Why work anymore?

The slaves in Asia produce everything we want and we hand them pieces of worthless green paper.

Bubble Bernanke says his secret weapon is the printing press.

 

 

Fri, 12/21/2012 - 16:06 | 3088000 JR
JR's picture

Companies that produce everything from computers to car parts are returning to the United States in growing numbers. The job now is  for the country "to invest in more vocational and technical training programs so millions of jobless factory workers are equipped with the skills to benefit from this trend.”

Here, then, are the reasons why manufacturing jobs ARE coming back to the USA.  NBC’s Martha C. White on Economy Watch. writes:

“According to a survey by the Boston Consulting Group of executives at 106 manufacturing companies with $1 billion or more in sales, 37 percent said they are planning or ‘actively considering’ onshoring. Among companies with more than $10 billion in revenue, that percentage shot up to nearly half. Leading the movement were companies that make rubber and plastic products, industrial machinery and electronics and computer equipment.”

Manufacturing executives cite several factors driving their decision, said BCG senior partner Harold Sirkin. The first is that the cheap Chinese labor that looked so appealing 10 years ago isn't so cheap anymore.

"’Chinese labor has been rising at 20 to 50 percent a year since 2001,’ Sirkin said. ‘We're expecting it to be somewhere around $6 an hour in 2015.’ While this is still low compared to the average $26 hourly wage BCG predicts an American manufacturing employee will earn in 2015, Sirkin added that the productivity of American workers is between 3.2 and 3.4 times higher than that of their Chinese counterparts. Also, American factories tend to be more automated, which means robots rather than paid workers do many tasks.

“Rising energy costs also play a big role. The price of oil has jumped from around $25 a barrel at the turn of the century to around $100 today, which significantly increases the cost of shipping goods from Asia…

“Sirkin said American manufacturers also are concerned about protecting intellectual property and effective quality control in Chinese factories. Seventy percent of survey respondents agreed with the statement, "Sourcing in China is more costly than it looks on paper."

http://www.nbcnews.com/business/economywatch/factory-jobs-return-us-need-technical-training-grows-726442

Fri, 12/21/2012 - 16:34 | 3088099 redeals
redeals's picture

While there may be a trend (?) in manufacturing returning to the US, it is not likely to create a huge number of jobs because the fact is that manufacturing is becoming increasingly automated with fewer human workers needed than when the jobs were first outsourced overseas.

There is even "lights out" manufacturing where the entire process is automated start to finish. Not a lot of jobs there.

Fri, 12/21/2012 - 17:06 | 3088230 JR
JR's picture

That sounds like the old refrain when Ford started automating the production of automobiles: where will we get buggy whip manufacturers when the horses are gone?

It is not proven that a future with more and more automation will produce fewer jobs because automation, as it has in the past, leads to a tremendous growth in innovation, the creation of new industries and new challenges which require even more automation and more manufacturing.

Today’s problem lies with the international globalists  who have no loyalty to the working man or America, only to profits made from slave wages. As the Ford website says: “In 1914, Henry Ford started an industrial revolution by more than doubling wages to $5 a day—a move that helped build the U.S. middle class and the modern economy.” Thus, Ford created a consumer base that could afford his cars.

In the final analysis, America’s problem is not manufacturing, it is the destructive influence on our free market economy by the international banking cartel. This emphasis on American labor as an expendable resource if more and more cheaper labor can be found elsewhere advances their cause to save Communism and its imperialistic slave sytem – with all the benefits going to the financial elites.

Fri, 12/21/2012 - 17:19 | 3088276 karzai_luver
karzai_luver's picture

One of the more lucid posts.

Tons of the jobs HAVE to come back , nothing this gvt can do to stop them now.

 

O by the by any and every manufcturing job will create 2-5 other support jobs here.

It has to happen and will happen as sure as the sun rise/set.

Peeps , especially trader types and/or those who make/try to make their nut pushing paper are so out of touch with the ground level stuff that it pains the eyes to wade through the shallow postings.

 

Always amazing that the exceptional most greatest country on earth of all times is thought so helpless in certain areas, almost like a wish.

 

haha.

 

 

Sat, 12/22/2012 - 05:03 | 3089458 JOYFUL
JOYFUL's picture

...In the final analysis, America’s problem is not manufacturing, it is the destructive influence on our free market economy by the international banking cartel...

It's critical to understand that the machinations of the 'banking cartel' have never taken place outside of a much wider social conspiracy to defraud and devalue the populace of EVERYTHING of value...financial, cultural, spiritual values have been subject to a coordinated attack for more than a century now...it's total war.
 
Banksters form merely the most visible outcropping of the war to impose talmudist ascendancy over our western civilization. Their program is all-inclusive, and effective resistance to that program must be all-inclusive as well.

The epitaph which will best describe the demise of America in records of the future will not be about the failure in manufactures, but the failure of the American imagination. Were it otherwise, the recreation of the horse-centered society would be proceeding apace...cutting edge, so to speak, and not just as applied to whips...

http://www.joe.org/joe/2007february/rb5.php

The superior economics of small farm horse powered operators in America is suppressed science...but it's all there, visible to the enquiring mind...

you serious about resistance to the sionist golem? Get unhooked from your petro-addiction, and start hitching your wagon to the motive power systems of tomorrow...it got our peoples this far, and there's no arguing with success!

Fri, 12/21/2012 - 16:43 | 3088139 A. Magnus
A. Magnus's picture

"While this is still low compared to the average $26 hourly wage BCG predicts an American manufacturing employee will earn in 2015,"

In between jobs earlier this year I worked at a local factory in Utah that makes treadmills; almost half of the workers were Mexican and the starting wage @ the temp agency was $8/hour, $10/hour if they decided to hire you on permanently. I don't know WHERE the fuck 'BCG' gets their numbers, but I highly doubt it's from any actual American manufacturing plants...

Fri, 12/21/2012 - 17:20 | 3088278 JR
JR's picture

Again, this is why the globalists want an international work force that they can govern and control – it’s to reduce mankind to one low common denominator in their world plantation. That is why the globalists are displacing American workers with imported low-wage labor out of Mexico, instead of bringing better wages and working conditions to Mexicans in Mexico.

 

Fri, 12/21/2012 - 18:00 | 3088412 yogibear
yogibear's picture

Yeah, robots. There are still so many places outside the US where labor is cheap. As long as there are countries with essentially slave labor and increasing US taxes  for social programs these articles are hopium.

Fri, 12/21/2012 - 16:18 | 3088013 linrom
linrom's picture

I guess that's why those MBAs get paid big bucks--just write a consulting report that every CEQ wants to hear and wants you to believe in. It's sort like all those FREE Investment Advisory releases telling you that interest rates would surely rise(10 years ago) or NRA agents promoting real estate as an investment(6 years ago) because RE never had a down year in 70 years or so.

But self-evident truisms, are rarely true forever. If this report was dated 12/21/1950, I would say it was brilliant.

 

Fri, 12/21/2012 - 16:21 | 3088056 Shitters_Full
Shitters_Full's picture

Is this happening to anyone else - the phrase "McKinsey report" simultaneously gave me a boner and an aching desire for a cheeseburger.

Fri, 12/21/2012 - 16:31 | 3088089 blunderdog
blunderdog's picture

Put your shirt back on, Randy.

Fri, 12/21/2012 - 16:37 | 3088094 akak
akak's picture

One of the more surprising pieces of information I gleaned from the report was that over 10% of men have had secret homoerotic encounters with Carl Jr.

Fri, 12/21/2012 - 16:45 | 3088145 Shitters_Full
Shitters_Full's picture

I call mine "Carla Jr." so it's toooootally not gay.

Fri, 12/21/2012 - 16:58 | 3088203 Jena
Jena's picture

Whoa, pants too.

Fri, 12/21/2012 - 16:43 | 3088129 TWSceptic
TWSceptic's picture

Top 10 reasons manufacturing and jobs in general left or will leave the West (IMHO):

 

1) High wages (minimum wage laws)

2) Too many taxes

3) Too much regulation

4) Corporatism and cronyism (making it harder for start ups and small business)

5) Uncertaintly about the future (created by government)

6) Out of control unions

7) Stupid / bad education

8) Loss of liberty

9) Risk of litigation

10) Other stupid laws

 

For every single item on this list, the government is 100% responsible. And what's worse, the bureaucrats responsible actually blame the people who run the companies that are exposed to the consequences of their stupidity. The situation is hopeless.

Fri, 12/21/2012 - 16:45 | 3088146 A. Magnus
A. Magnus's picture

"1) High wages (minimum wage laws)"

Maybe for ZIMBABWE! The minimum wage has lagged inflation for the past 3 decades, and I guarantee you can't have a decent standard of living making that level...

Fri, 12/21/2012 - 18:56 | 3088615 blunderdog
blunderdog's picture

Hey, $14,500/year sounds pretty good if you've never had to pay your own way for anything.

Fri, 12/21/2012 - 17:22 | 3088286 karzai_luver
karzai_luver's picture

you don't have much experience in the real world do you sonny.

 

your posting is pathetic, where did you copy it from?

 

Fri, 12/21/2012 - 16:52 | 3088176 PGR88
PGR88's picture

You couldn't bring manufacturing jobs back even if you wanted.   Most "workers" I meet now can't pass a drug test, write a comprehensible sentence, or manage to show up on time 5 days in row.  

It's taken 40 years, but our Government and society has managed to create a segment of the population that doesn't need to, nor want to, work in a factory

Fri, 12/21/2012 - 17:23 | 3088292 karzai_luver
karzai_luver's picture

I unlike you it seems was alive and working 40 years ago, your comparison is silly and absurd, just another rip and read from some goofball.

 

Fri, 12/21/2012 - 18:10 | 3088453 PGR88
PGR88's picture

Bullshit. I see it every day in my work.  I know guys like my father, uncles, cousins, etc.. how they behaved and lived 40 years ago when at "factory" jobs, and I see guys today who would do similar jobs.

Fri, 12/21/2012 - 19:49 | 3088783 Lednbrass
Lednbrass's picture

You actually work in manufacturing or you "see guys" you you think "would do similar jobs"?

They aren't even close to the same thing.

Fri, 12/21/2012 - 17:15 | 3088270 TheObsoleteMan
TheObsoleteMan's picture

I am old enough to remember when the first "free trade" deals of sorts were implemented. Back in the early 1950s, we had agreements with our newly minted allies; Germany and Japan. To get them back on their feet, we slashed tariffs on their export goods into the US. At the same time, the government tied the hands of our competing industries.  From there, the globalist plan to DE-industrialize America, and "even the playing field" {read; turn us into a third world nation, albeit with a first world military} has marched on, until we find ourselves where we are today. A government that is suppose to put it's people first, has sold them down the river for globalism. Globalism, is a modern term that is more palpable for COMMUNISM. The US gubmint has tried to alleviate this loss of GDP by pumping up government subsidized sectors like healthcare, education and of course, the military. Fast and easy credit was to fill what gaps were left. This entire policy has been a declaration of war on the middle class. If anyone has bothered to read Marx and Lenin, the enemy of communism is the middle class, arch enemy of the working class proletariat. we are seeing this come into full view with the Kenyan administration.

Fri, 12/21/2012 - 17:26 | 3088304 AnAnonymous
AnAnonymous's picture

Yep, communism...

'Americans' by hijacking humanity on July, 4th, 1776, made 'americanism' a global project.

Way before communism was thought of.

But hey, 'americanism' is as 'american' does.

Fri, 12/21/2012 - 18:09 | 3088423 akak
akak's picture

Yep, cosmonaughtyism ...

AnAnonymous by hijacking ZeroHedge on July, 4th, 2010, made Chinese shitizenism a global project.

Way before cosmonaughtyism was thought of.

But hey, AnAnonymousitizenism is as Chinese roadside shitizenism does.

Fri, 12/21/2012 - 19:21 | 3088686 DoChenRollingBearing
DoChenRollingBearing's picture

Uhm, uhm, AnAn's comment was even less intelligible than usual...

"Chinese shitizenism"...  Nice!

Does that make a Merry Christmas (Merry Christmasism) an American citizenism too?  Happy New Yearism?  Or does that only start in Januaryism now that China is the Masterism of the world?

Sat, 12/22/2012 - 00:52 | 3089314 akak
akak's picture

ROR!

(That is 'raughing out roud" for you round-eyes.)

Fri, 12/21/2012 - 17:55 | 3088388 JR
JR's picture

A powerful post; the best! T.O.M. If this doesn’t light a candle, I don’t know what will.

The top international industrial firms and the international bankers, pretty much one and the same, have had a long relationship with Communism.

While Stalin and Trotsky were sending millions of innocents to correctional labor camps and death, and while Stalin in 1928 was engaging his highly centralized “command economy” under Soviet socialism, American industry was keeping this enemy of humanity in power.

Standard Oil Co. of New York built a kerosene plants in 1927 in the Soviet Union; Graver Corporation built two modern “cracking” plants in 1928 and 1929. By1930, multitple concessionaries were producing chemicals, electrical equipment, and transport equipment in Russia and Siberia. Technical assistance contracts were held during the early thirties by Ford Motor Company, Hercules Motor Company, Seiberling Rubber Col, Brown Lipe Gear Company, Timken-Detroit Axle Co. and many others.

In fact, the list of US firms doing business with the Soviets between 1930 and 1940 reads like the “bluebook of American industry.”

Here is a sampling of the hundreds of American (and European) firms that kept the Soviet socialist economy going:

Alco Products, Inc., Div. of American Locomotive (petroleum refineries)

American Can Co. (canning processes)

Austin Co. (auto plant construction)

Babcock & Wilcox (boiler design)

Birdsboro Steel F&M Co. (hydraulic presses)

Boeing Aircraft Co. (airplanes)

Bucyrus-Erie Co. (excavating equipment)

Douglas Aircraft Co. (DC-3 aircraft)

E.I. DuPont de Nemours & Co. (synthetic Ammonia and other chemical technology)

H.L. Cooper & Co. Inc. (building Dniepr Dam)

Ford Motor Co. (auto plant construction and auto tire plant)

Foster-Wheeler Corp. (Petroleum refineries)

Graver Corp. (refineries)

Hercules Motor Corp. (Reconstruction of Yarslavl truck engine plant)

Koppers Construction Co. (Coke ovens)

Arthur G. McKee & Co. Magnitogorsk steel plants, petroleum refineries

W.S. Rockwell Co. (furnace technology at Stalingrad)

Southwestern Engineering Co. (Design, construction and operation of metal plants)

Standard Oil Co. of New York (operation of Batum refinery)

United Engineering & Foundry Co. (steel mills)

Universal Oil Products, Inc. (refinery construction).

Fri, 12/21/2012 - 18:13 | 3088472 PGR88
PGR88's picture

What is your point?  Stalin wasn't a mass murderer?

Remember too even in the 1930's, even the NY Times were denying the existence of Soviet gulags and Stalin's extermination of the cossacks.

Fri, 12/21/2012 - 18:56 | 3088614 JR
JR's picture

My point is, whether it’s Bernanke’s socialist command economy or Stalin’s socialist command economy, command economies don’t work.

You are experiencing the collapse of one right under your feett.

Russia, the same as the US, has always had extensive resources and she still ranks number one in resources. But resources weren’t enough to save a complete breakup of the Soviet system because of its political ideology. And it is a mistake to believe that China’s current leadership, in its future relationship with other world powers, will go on to foster increasing capitalism; it could clamp down hard at any given moment and bring on a totalitarian state and increased tyranny over its people.

Stalin was an intelligent man but he was a destroyer; not only did he destroy 65 million persons he was the destroyer of an economic system. Bernanke is a destroyer; he is financially destroying  millions of American citizens as well as America’s economy.

Alexander Solzhenitsyn defined Stalin’s command economy: “It is American trade that allows the Soviet economy to concentrate its resources on armaments and preparations for war.  Remove that trade, and the Soviet economy would be obliged to feed and clothe and house the Russian people, something it has never been able to do.  Let the socialists among you allow this socialist economy to prove the superiority that its ideology claims.  Stop sending them goods.  Let them stand on their own feet, and then see what happens.”

Stop sending China what is left of America’s manufacturing base; stop exporting 50,000 American jobs every month to China; stop giving China our patents and technology.

Shut down the Fed and its international banking cartel, stop Congress from enabling the globalists to outsource  the results of American entrepreneurship to slave-wage countries; allow Americans to once again be free to stand on their own feet without government interference, and then see what happens.

Fri, 12/21/2012 - 19:28 | 3088704 DoChenRollingBearing
DoChenRollingBearing's picture

@ JR  + 1

"... Timken-Detroit Axle Co..."

How disgusting.  Yet another reason we will not buy from Timken (although in the past we sure tried!).  Timken is still partly owned by the Timken family, they are VERY active politically, and are ALWAYS complaining about the big bad foreigners "dumping" their bearings in the USA.

A dirty little secret: Iljin of Korea makes pieces for Timken now...

Fri, 12/21/2012 - 20:01 | 3088808 TheObsoleteMan
TheObsoleteMan's picture

And that Soviet-Jew agent Armand Hammer was responsible for all of it too.

Fri, 12/21/2012 - 18:38 | 3088559 TimmyB
TimmyB's picture

You are on the right track, but go off the rails when you claim Globalism is just another name for Communism.  Actually, the capitalists won, and communisim is no more.  Capitalists need more profits so they, as you suggested, changed our laws so that overseas workers could take American jobs.  This was done so the owners of our country could make more money. 

The owners were simply tired of supporting a "middle class" which in this country were mainly working class people with manufacturing lobs being paid enough so they didn't have to live in poverty.  So those "mlddle class" jobs were sent overseas to be performed by rural Chinese peasents.  These jobs could come back, if we changed our laws back to what they were prior to globalization.  However, the owners of this country like things the way they are, so our laws will not be changed.                      

Fri, 12/21/2012 - 18:59 | 3088629 blunderdog
blunderdog's picture

You can have something like a democratic society OR you can have vast wealth inequality, but you certainly can't have both. 

Shit, even Jefferson knew that.

Fri, 12/21/2012 - 19:20 | 3088667 JR
JR's picture

Totalitarian socialism is globalism. Globalism is the policy of placing the world interests of the international bankers above those of individual nations, converting the United States into a socialist nation and merging it into a world of global governance.

"[T]he Hegemony of World Finance should reign supreme over everyone, everywhere, as one whole supernational control mechanism." - Montagu Norman, governor of the Bank of England from 1920-1944.

To achieve this worldwide goal, this now known super-rich power group of bankers aids and abets Socialism and Communism to convert all governments to world socialism which they will control.  Using debt and violence and revolution , theyve manipulated themselves into control of world governance by creating a world financial crisis as a last bold step to force governments to surrender their sovereignty in a worldwide, debt-riddled financial and moral emergency.

Fri, 12/21/2012 - 23:19 | 3089219 TheObsoleteMan
TheObsoleteMan's picture

What? Communism is no more? Communism just changed it's name and went mainstream. Do you remember a man named Gus Hall? he was the head of the Communist Party USA, and ran for President every four years. A funny thing happened about fifteen years ago or so, the commies  quit running candidates. Why you might ask? Because the democrats have adopted their platform! They {CommUSA} even said so. Look up the 10 planks of the Communist Party and see how many of them have become a part of the USA's policy. Communism is far from dead, in fact it has succeeded in creating the illusion that it is on it's deathbed.

Fri, 12/21/2012 - 23:23 | 3089226 TheObsoleteMan
TheObsoleteMan's picture

What? Communism is no more? Communism just changed it's name and went mainstream. Do you remember a man named Gus Hall? he was the head of the Communist Party USA, and ran for President every four years. A funny thing happened about fifteen years ago or so, the commies  quit running candidates. Why you might ask? Because the democrats have adopted their platform! They {CommUSA} even said so. Look up the 10 planks of the Communist Party and see how many of them have become a part of the USA's policy. Communism is far from dead, in fact it has succeeded in creating the illusion that it is on it's deathbed.

Fri, 12/21/2012 - 23:46 | 3089255 cranky-old-geezer
cranky-old-geezer's picture

 

 

One of my rare upvotes.  Best summary of the last 60 years I've seen on ZH in a long time (or anywhere for that matter).  Way more relevant than 80% of the articles I see here.

Fri, 12/21/2012 - 17:19 | 3088280 PMakoi
PMakoi's picture

If Bernanke and Treasury, combined with various covert intelligence operations, successfully crash the rest of the world into chaos before the U.S., then industries might willingly and gratefully move to the U.S. just for safety.  It's a longshot, but about the only one Uncle Ben can still bet on.

Fri, 12/21/2012 - 17:25 | 3088302 AnAnonymous
AnAnonymous's picture

At least, this admits that Ben works for the welfare of the US american middle class...

Fri, 12/21/2012 - 23:51 | 3089260 cranky-old-geezer
cranky-old-geezer's picture

 

 

If Bernanke and Treasury, combined with various covert intelligence operations, successfully crash the rest of the world into chaos before the U.S. ...

No chance.  America is destroying its currency faster than any other developed nation.  America will collapse first.

Fri, 12/21/2012 - 17:24 | 3088294 AnAnonymous
AnAnonymous's picture

A good one.

'American' economics leads to outsourcing. Credit has little to do with it, save as a catalysor.

Industrial jobs do not come back because they were expelled due to accumulation of wealth.

If 'americans' no longer consume finalized products, jobs wont no longer bleed?

That is the good one.

If 'americans' no longer perform their duty of consumption through consumption of manufactured goods, some others will do that gladfully for them.

So not only 'americans' wont work the jobs but they will also no longer consume the products of those jobs.

Ben Bernanke, a stalwart servant to the US american middle class, is watching over that and works all his wits, cunning and guile in order to protect as much of the US american middle class from this outcome.

Ben should be awarded the silent star or something for unknown to the general public duty.

Fri, 12/21/2012 - 17:55 | 3088393 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

A good one.

'American' economics leads to outsourcing. Credit has little to do with it, save as a catalysor.

Casting an hypothetical against reality? Just more catalysorrefied hypothesis being propagandated by this AnAnonymous Chinese citizenism author.

 

If 'americans' no longer consume finalized products, jobs wont no longer bleed?

That isn't won't be not an insufficiently unassuming assumption to make or not make.

Ben Bernanke, a stalwart servant to the US american middle class, is watching over that and works all his wits, cunning and guile in order to protect as much of the US american middle class from this outcome.

Sure, sure. It wasnt. It could not be. Could propagandists prepare better propaganda? It is like hiding Chinese citizenism citizens' tiny genitalia behind thin air.

Ben should be awarded the silent star or something for unknown to the general public duty.

Propagandists should also cut down their own drivel, attrition is nice but hey, they are going to meet attrition like the others.

Fri, 12/21/2012 - 18:08 | 3088418 akak
akak's picture

A good dump.

Chinese shitizenism economics leads to outsharting.  Lack of flush toiletism has little to do with it, save as a catalysor.

Industrial-sized mountains of excrement do not leave Chinese roadsides because they were expelled due to internal accumulation of filth.

If Chinese citizenism shitizens no longer consume finalized wokked dogs, sphincters wont no longer bleed?

That is the good one.

If Chinese citizenism shitizens no longer perform their duty of consumption through meal making of dogs, cats, bear gall bladders and tiger penises, none others will do that gladfully for them.

So not only Chinese citizenism shitizens wont wok the dogs but they will also no longer consume the products of those dogs.

AnAnonymous, a stalwart servant to the Communist Chinese ruling class, is watching over that and works all his shits, cuntlike behavior and bile into all his posts in order to protect as much of the Chinese shitizen class from the facts.

AA should be awarded the silent star or something for unknown to the general roadside duty.

Fri, 12/21/2012 - 18:32 | 3088545 TheFourthStooge-ing
TheFourthStooge-ing's picture

akak said:

AA should be awarded the silent star or something for unknown to the general roadside duty.

AA should be awarded the smelly star or something for quite well known to the general roadside doody.

Fri, 12/21/2012 - 19:31 | 3088712 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 to the tag-team troll-busterismers.

Fri, 12/21/2012 - 17:52 | 3088373 alagon
alagon's picture

I blame Jewish multiculturalism.

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