What's happened to all the manufacturing jobs?

Discussion in 'Economics & Trade' started by LafayetteBis, Jan 26, 2017.

  1. Kode

    Kode Well-Known Member

    Joined:
    Feb 5, 2016
    Messages:
    26,463
    Likes Received:
    7,491
    Trophy Points:
    113
    Gender:
    Male
    That's not at all true. And that's why CEO pay and corporate profits have gone up with productivity for decades while your real wages have stagnated. Do you understand now?
     
  2. Kode

    Kode Well-Known Member

    Joined:
    Feb 5, 2016
    Messages:
    26,463
    Likes Received:
    7,491
    Trophy Points:
    113
    Gender:
    Male
    More unsupported personal and biased opinion designed to fulfill and agenda.

    I provided links. You provided spew.
     
  3. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    The cost of doing business varies greatly by location, even in the same company. Pricing varies accordingly, and also as to what
    the market will pay. Competition has a great influence on pricing. Several years ago a tennis racquet was produced and was priced low to sell. When it did not sell for the low price, the manufacturer raised the price dramatically, and guess what? The racquet became a hot seller, probably because buyers wanted to be affiliated with high end racquets.
     
  4. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    airlines carefully consider the weight of the paint scheme on the outside of their planes because it costs extra pennys to fly paint around for all those years.

    If profits are high that encourages deadly competition. Capitalism is survival of the fittest i.e. those who can please their employees and customers most survive. 1+1=2
     
    Last edited: Jun 6, 2017
  5. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    great influence??why do you think a Rolls Royce costs more than an apple? Ans: competition drives down the price to just a hair above cost, and then it forces you to drive down the cost so you can lower price some more.
    Capitalism is survival of the fittest for the benefit of employees and customers.
     
  6. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    #7. The minimum wage is in place while people learn a skill and get off the minimum. Do you want to pay the big bucks to someone
    with no skills, while they learn? What is the incentive to learn when they are already being paid the big bucks. And what about
    the skilled workers who are being paid the same amount as the unskilled?
     
  7. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    obviously all manufacturers would raise price dramatically if the could!! Amazing what has to be explained to a liberal. This shows the limits of democracy. How can we survive if liberals get to vote?? Honestly??
     
    Last edited: Jun 6, 2017
  8. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    meandering no idea what your point is. why not tell us?
     
  9. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    I think you are comparing apples and oranges, no pun intended.
     
  10. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    you need a link to tell you that a minimum wage makes it illegal to hire someone not worth the minimum wage? Can democracy survive with liberals participating? How??
     
  11. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    Once again an apple and jet plane have vastly different prices because they have vastly different costs to make. Competition insures that price is always a hair above cost so that customers get the best possible deal possible under Republican capitalism. Make sense now?
     
  12. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    I will explain it to you, because it is not complicated and I was in business for 35 years. If the skilled worker, who has been with the company for a period of time, has learned a skill in order to be paid the big bucks, is paid the same as an an unskilled worker,
    he or she will have to get a substantial pay increase to raise him or her substantially above the unskilled, or production will
    suffer, they will quit, and morale will suffer. Fact.
     
    Last edited: Jun 6, 2017
  13. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    It is not Republican capitalism, just capitalism. Competition insures nothing other than to influence the sale price.
     
  14. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    yes I agree. I guess the minimum wage assumes all other wages will adjust upward accordingly. Thus prices will go up enough to exactly pay for the wage increases so no net gain to wage earners will be possible. Liberals lack the IQ to understand this so continue to support minimum wage on grounds that it is caring to give folks money.
     
    Last edited: Jun 6, 2017
  15. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    wrong of course. Democrats, for example, suppport Obamacommie care, not capitalism which would reduce prices 80%.
     
  16. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113

    It is cheaper to use robots in the long run.
     
  17. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    wrong of course, an apple sells for vastly less that a jet plane because competition forces price to just a hair above cost to insure that customers get as rich as possible as fast as possible.
     
  18. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    not if labor is cheaper in the long run
     
    Last edited: Jun 6, 2017
  19. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    If the queen had balls, she would be king. Labor costs only go up, period.
     
  20. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    yes labor costs have gone up for 200 years and yet we still have 96% employment. When is the long run anyway, when you said robots are cheaper?
     
  21. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    Yes, labor costs have gone up and so have prices. Major corporations are using robots as we speak, and when factories open
    in America, robots will do the majority of the work. Toyota and many other companies have been using robots for years. Read the Wall Street Journal.
     
  22. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    You have no clue, and are very inexperienced. If you pay attention to what I am saying, you will learn something about business.
     
  23. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    if so why so afraid to say exactly why you think that??
     
  24. james M

    james M Banned

    Joined:
    Jul 10, 2014
    Messages:
    12,916
    Likes Received:
    858
    Trophy Points:
    113
    yes we have been using tools and robots for 5000 years and yet employment is still 96%; so is your point that we should continue to use tools and robots?
     
  25. ibobbrob

    ibobbrob Well-Known Member

    Joined:
    Apr 5, 2017
    Messages:
    12,744
    Likes Received:
    3,136
    Trophy Points:
    113
    The fact is that Obama care is the law. It was already approved by Congress. It needs to be fixed, not dropped. And it can be fixed,
    rather than going through the current gyrations. It is common sense. Trump simply does not want Obama to get credit for all he has done, because Trump is an egomaniac, and you are being sucked in. But let's not get started on politics. Let's stick to basic
    economics, because you have much to learn.
     

Share This Page