Pre dates Obama. He definitely did nothing to help stem the tide however.

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LATINS

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CHUY

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Cleveland, Chicago and Detroit are three examples of cities that started losing manufacturing jobs as early as the late 50's. Automation wasn't a factor back then. Cheaper labor and more relaxed tax policies moved many jobs south, and from there, many have left the US altogether.

Bad economic policy had something to do with jobs originally leaving Chicago as well. Daley's "head tax" was some seriously misguided policy.

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Exactly.

It pre-dates Nixon.

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In other news:

The loss of cashier jobs at Jewel has nothing to do with self checkout registers.
The loss of toll collectors has nothing to do with open road tolling.
The loss of bank tellers has nothing to do with ATM machines.
The loss of encyclopedia salesmen jobs (my friend's dad did this for real) has nothing to do with the Internet.
The loss of manufacturing jobs has nothing to do with robotics.
The loss of ditch diggers has nothing to do with Bobcats. The world needs ditch diggers too, or at least it used to .

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Hawaii (fuck) You

Thanks to JORR Jewel dumped most of the self-checkout lines!

Seacrest, I just want you to know I'm proud of you for answering the question directly.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

Deindustrialization begins in the aftermath of WWII when the U.S. set itself up as the consumer of last resort for the world's surplus manufactured goods. The U.S encouraged protectionism among struggling European and developing Asian countries vital to its interests while removing import barriers at home. This imbalanced trade policy eventually made it difficult/impossible for many U.S. manufacturers to survive in the face of international competition (frequently) developed in state-financed/high-tariff domestic "incubators."

The Taft-Hartley Act of 1947 also encouraged the relocation of manufacturing from the Midwest to the South and Sun Belt based on the right-to-work legislation that became the rule for states below the Mason-Dixon Line.

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I wish I had the article handy (WSJ like two weeks ago), but it said that about 85% of manufacturing job losses in the U.S. are due to automation. It was a counter to Trump saying he would bring those jobs back to the U.S. when in fact they are gone mostly because of efficiencies in production.

We'd be better off focusing on training folks for jobs that exist not for jobs that are long gone.

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Hawaii (fuck) You

You will get no argument from me that financialization is the main culprit today.

Automation is the excuse that financiers use to mask their avarice.

In an article in the Boston Review, Susan Berger a professor at MIT makes the assertion that, “Since the 1980s, financial market pressures have driven companies to hive off activities that sustained manufacturing.” She refers to the example of the Timken Company, which was forced to split into two companies (Timken Co., IW500/299 and TimkenSteel, IW500/442) by the board of directors. The chairman argued that the company should stay together because that is how it had been able to offer high-quality products with good service support. The board overruled him based on the potential of better short-term profits.

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No way in the world 85% of job losses are due to automation.

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"He is a loathsome, offensive brute
--yet I can't look away."

Doesn't mean it was answered accurately.

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And W. Edwards Deming almost single-handedly created the Japanese auto and electronics industries.

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Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Of course not. I was simply commenting on the fact that he answered. Seacrest and I are boys now, so I'm trying to help him out.

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Manufacturing is not coming back. Just like farming is not coming back. The majority of people in this country used to work in farming. Today it is 3% of the population. We grow more food than ever. We also produce more goods than ever. How you ask? Automation.

As for finance, there is a lot of misplaced efforts in that field. However, feel free to stop applying for a mortgage to buy a home or to acquire your next car in cash. Don't use PayPal or your debit card. Forget about student loans or credit cards. Don't dare buy stocks through Etrade or invest in your 401(k). Because finance is bad.

I am sure the economy would be much better off without finance.

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Hawaii (fuck) You

DMAN on the muscle! I like it!

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Truck drivers will be the next to go: http://money.cnn.com/2016/05/17/technol ... ng-trucks/

Taxis soon after: http://www.detroitnews.com/videos/busin ... /87902544/

Entry level reporters: http://www.npr.org/sections/money/2015/ ... ry-who-won

Labor is on the way out.

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Why are only 14 percent of black CPS 11th-graders proficient in English?

FIRE AND PASSION!

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Here you go boys, automation.

http://fivethirtyeight.com/features/man ... ming-back/

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Hawaii (fuck) You

We produce more than ever in real terms yet employ a fraction of the workers that we used to. The difference is productivity. I am sorry but that is the truth.


http://humanprogress.org/static/3196

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Hawaii (fuck) You

That's bullshit Dennis.

Nate Silver doesn't know shit!

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Well, in the Midwest, it's always possible that meth is the reason for the increase.

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And this site is a net job creator because it's killing productivity.

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Hawaii (fuck) You

It may. The economy was almost destroyed because of the financial industry. Remember that. It was the "evil" government that was deployed to save them and in the end save us. The highest profit margins are accrued by those that make money off money. I don't knock the hustle but when they crash they have to burn. That is after all capitalism.

Once people stop paying for this stuff because either they can't or won't dont look to government as a means of protection. That is the main issue that I have. If it's a risk for the consumer then it should be a risk for the producer.

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A number of the jobs that you just cited are low paying service jobs also. Wages are more problematic than job loss. The types of jobs available don't really pay much. Manufacturing jobs tended to pay well.

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For sure. The finance industry has plenty of bad elements and lots of unproductive activities. Things like hedge funds and high frequency traders add little value. I could spend all day talking about the benefits of securitization, and that was one of the areas that killed the economy in 2008. The home loan market does not exist without it.

The larger problem with finance and MBA styled education in general is that much of our best talent flows to private equity firms and investment banks rather than real economy, productive jobs. Luckily we have a vibrant tech sector and entrepreneurial culture that keeps the economic engine running. My undergrad is in science, and I had to go back to business school to earn a real living. Running lab equipment wasn't paying the bills very well.

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Hawaii (fuck) You

Manufacturing jobs only paid well for a short period of time- post WW2 when every major country was either communist and/or destroyed by the war. As such, we were the only industrial game in town. But over time, manufacturing jobs do not have enough value add to pay people high wages just like the bank teller job. If/when you try to pay those folks a lot, plant managers either move to cheaper locales (easily transferable) or automate away those costs.

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Hawaii (fuck) You