In the U.S., consumer spending on household durables like furniture and
appliances has been slowing for a number of months, and manufacturers are
cutting back production and laying off workers. At the same time, office
and factory automation system producers are doing a booming business.
Bracketing for a second the question of to what extent the latter group
is producing for sales in overseas markets, doesn't this scenario sound
an awful lot like a textbook case of consumer goods mfgs. cutting production 
costs for fear of slumping markets by means of replacing living with dead
labor ? And if so, is the recently anticipated recession just about here ?

John Gulick
Sociology Graduate Program
UC-Santa Cruz

Reply via email to