No problem with deruralization. Those former farmers worked in factories. They had a path, but no longer. Agree with your second point. I had a hand in it. I'm the internet generation of that cohort.
-
-
Replying to @Molson_Hart @patrickc
The US as a manufacturing superpower is romanticized for the wrong reasons. Manufacturing jobs weren't better because they were manufacturing, they were better because workers had stronger bargaining power through unions, legislation, etc. Those are mostly gone.
1 reply 0 retweets 0 likes -
Do you have a stat on what percentage of america's [manufacturing] labor force was unionized in the 70s? I bet it was the minority. We lost plenty of good-paying non-union manufacturing jobs to deindustrialization, too. Those workers had more bargaining power than they do today.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart @patrickc
In the 1973, it was almost 40%. It's declined rapidly since then. Even when union affiliation is a minority, it can exert substantial upward pressure on wages. https://www.unionstats.com/Private-Sector-Manufacturing.htm …
1 reply 0 retweets 0 likes -
I agree that union membership helped US labor's wages before it became easy to outsource. However, I also believe that, even in a US that banned unions, we'd be better off as a more industrialized nation, both for manufacturing labor and the country as a whole.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart @patrickc
That's a fair point of view. But long term we can't sustain a big manufacturing labor force for the same reason we can't sustain a big rural labor force. Technology is inevitably making most people obsolete.
1 reply 0 retweets 0 likes -
I agree that there's a good chance that we cannot sustain a large manufacturing labor force, but disagree with the reasoning. I think the threat of automation in manufacturing is grossly exaggerated. Automation looks like a huge threat to manufacturing jobs in the US because
1 reply 0 retweets 0 likes -
, in order for manufacturing work to stay in the US, it had to be automated. When you walk into a US factory you see robots, but you don't see all the jobs we've sent to Asia.
1 reply 0 retweets 0 likes -
Replying to @Molson_Hart @patrickc
U.S. labor is expensive so the input mix here will naturally favor lots of capital investments, even if we brought back much of the manufacturing capacity that was offshored. We'd have to impose grossly inefficient subsidies/tariffs to restore manufacturing's labor share here.
1 reply 0 retweets 0 likes -
Over time, as technology progresses, the distortions from these policies would get bigger and more expensive.
1 reply 0 retweets 0 likes
Those so called grossly inefficient subsidies and tariffs are what built Japan, China, Taiwan, South Korea, Germany, and even the US into great nations. We deindustrialize at our peril. There's a good book called How Asia Works about this.
-
-
Replying to @Molson_Hart @patrickc
Thanks. Will check it out. But, I will point out that the U.S., though deindustrialized, is the most innovative economy in the world. Other countries, including China, want to be more like us.
2 replies 0 retweets 0 likes -
Molson Hart Retweeted Molson Hart
Outside of software, we're losing our edge. 737 Max is a good example, I think. The article in this tweet is worth a read.https://twitter.com/Molson_Hart/status/1212517510374969345 …
Molson Hart added,
0 replies 0 retweets 0 likes
End of conversation
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.