Blasterbot
Well-known member
At this point, you can't even claim mixed results:
it says Austria and germany. not USA and germany.
At this point, you can't even claim mixed results:
The tweet isn't saying the US is at the bottom with Germany, it's saying the US had negative industrial growth, which the chart indeed shows. Can't comment on the accuracy of the chart itself.it says Austria and germany. not USA and germany.
Germany is in for a bad time.
The tweet isn't saying the US is at the bottom with Germany, it's saying the US had negative industrial growth, which the chart indeed shows. Can't comment on the accuracy of the chart itself.
It's not just the manufacturing sector though; employees' relationships with their employers have become adversarial across the board.The US essentially shipped its manufactering out of the country for 20 years strait.
It takes awhile for such damage to be undone, and the companies that are coming back have to deal with the slight fact that all of the workers deeply remember how their parents and grandparents got knifed in the back so you know a whole lot less trust.
basically you cant count on china so stuff is going to move to mexico.
Unfortunately, that reason is the fact that business culture became obsessed with disregarding long-term stability in favor of short-term profits. They would rather save an extra five cents total (not per item; total) this quarter in manufacturing costs, even if it meant doing something that would bankrupt the company the next.Is there a reason it can’t move to the USA eventually the whole world is going to have expensive labor can’t we just reverse the rust belt and spread out manufacturing across the US instead of just jumping from one cheap labor market to the next. Also that Texas has run out of people thing is something I’ll need some evidence for that sounds like some bull crap
Germany is in for a bad time.
Okay but Germany not existing in ten years is the most bullshit prediction I've ever heard
A Germany will exist; but not one we're familiar with, and I think that holds true for most of Europe.Its clear exageration germany will continue to exist but its going to be less powerful less wealthy and wont have as much influence over the rest of europe.
Labor cost are not high in any way shape or form, unless you are comparing cost to slave labor in China or Vietnam.
1968 labor cost was 34% of overhead for US Manufacturing.
Today 2017 labor was 3% of overhead for manufacturing.( might be 2016, it has been 4 years since I took that class).
The dollar in 1968 is not the same as today.