Of course jobs are not coming back. Jobs go away, they don’t come back. That is what "productivity gains” drive, jobs going away. Jobs going away to China or Mexico are obvious, out in the open. Jobs lost to productivity gains are pretty much camouflaged by external stimulus. That’s why we have a Department of Defense (formerly AKA as Department of War) — to spend money to keep unemployment within the bounds of revolution.
Gene > On Mar 25, 2016, at 4:59 AM, Louis Proyect <[email protected]> wrote: > > It’s understandable that voters are angry about trade. The U.S. has lost > more than 4.5 million manufacturing jobs since NAFTA took effect in > 1994. And as Eduardo Porter wrote this week, there’s mounting evidence > that U.S. trade policy, particularly with China, has caused lasting harm > to many American workers. But rather than play to that anger, candidates > ought to be talking about ways to ensure that the service sector can > fill manufacturing’s former role as a provider of dependable, > decent-paying jobs. > > Here’s the problem: Whether or not those manufacturing jobs could have > been saved, they aren’t coming back, at least not most of them. How do > we know? Because in recent years, factories have been coming back, but > the jobs haven’t. Because of rising wages in China, the need for shorter > supply chains and other factors, a small but growing group of companies > are shifting production back to the U.S. But the factories they build > here are heavily automated, employing a small fraction of the workers > they would have a generation ago. > > full: > https://fivethirtyeight.com/features/manufacturing-jobs-are-never-coming-back/ > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
