May 6, 2018
A simple request:
please don't turn this into something it is not by making this about supporting our fake pResident.
The Epic Mistake about Manufacturing that's Cost Americans Millions of Jobs
Americas manufacturing sector is in far worse shape than the media, politicians, and even most academics realize. Manufacturers embrace of automation was supposedly a good thing. Sure, some factory workers lost their jobs. But increased productivity boosted living standards, and as manufacturing work vanished, new jobs in construction and other services took its place. This was more of a shift than a loss, explained Bradford DeLong, economics professor at the University of California, Berkeley.
Thanks to a painstaking analysis by a handful of economists, its become clear that the data that underpin the dominant narrativeor more precisely, the way most economists interpreted the datawere way off-base. Foreign competition, not automation, was behind the stunning loss in factory jobs. And that means Americas manufacturing sector is in far worse shape than the media, politicians, and even most academics realize.
In the four decades between 1960 and 2000, US manufacturing employment was basically stable, averaging around 17.5 million jobs. Even during the 1980s and 1990s, as Korea and other smaller Asian nations joined the ranks of Germany and Japan to threaten the dominance of US factories, the absolute number of manufacturing workers stayed mostly flat.
Between 2000 and 2010, manufacturing employment plummeted by more than a third. Nearly 6 million American factory workers lost their jobs. The drop was unprecedentedworse than any decade in US manufacturing history. Even during the Great Depression, factory jobs shrunk by only 31%, according to a Information Technology & Innovation Foundation report. ... How, then, do you reconcile the epic employment slump of the 2000s with the steady rise in output? The obvious conclusion is that factories needed fewer people than they did in the past because robots are now doing more and more of the producing. Thats tough for factory workers, but US manufacturing is doing fine. That rests on the basic assumption that the manufacturing output data reflect the actual volume of stuff produced by US factories. Its a reasonable assumption to make. Unfortunately, its not an accurate one.
Two decades of ill-founded policymaking radically restructured the US economy, and reshuffled the social order too. The America that resulted is more unequal and more polarized than its been in decades, if not nearly a century. ... In effect, US policymakers put diplomacy before industrial development at home, offering the massive American consumer market as a carrot to encourage other countries to open up their economies to multinational investment. Then, thanks to the popular narrative that automation was responsible for job losses in manufacturing, American leaders tended to dismiss the threat of foreign competition to a thriving manufacturing industry and minimize its importance to the overall health of the US economy.
May 5, 2018
Parkland student rips Trump over NRA speech: 'He's a professional liar'
On Saturday, , a survivor of the Parkland, Fla., school shooting slammed President Trump for speaking at the National Rifle Association ... Cameron Kasky, a student at Marjory Stoneman Douglas High School, made the comments in an appearance on CNN's "New Day."
"He's a professional liar who will say anything to appease whatever crowd he's at," Kasky said. "If he's in front of families he might say something in support of common-sense gun reform, but then when he's at the NRA he'll say something to get a big cheer."