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Old 17-02-2017, 13:17   #258
Hugh
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Re: U.S President: Donald Trump

So the leaks were real (which means what was leaked was true), but the reporting of them was fake....

Interesting viewpoint....

---------- Post added at 13:17 ---------- Previous post was at 13:12 ----------

People may find this of interest...

https://www.ft.com/content/dec677c0-...5-95d1533d9a62
Quote:
The US did indeed lose about 5.6m manufacturing jobs between 2000 and 2010. But according to a study by the Center for Business and Economic Research at Ball State University, 85 per cent of these jobs losses are actually attributable to technological change — largely automation — rather than international trade.

The think-tank found that although there has been a steep decline in factory jobs, the manufacturing sector has become more productive and industrial output has been growing.

“Simply put, we are producing more with fewer people,” notes Mireya Solís, a senior fellow at Brookings.

US factories have been achieving this by gradually replacing human labour with robots.

“Automation has transformed the American factory, rendering millions of low-skilled jobs redundant. Fast-spreading technologies like robotics and 3D printing will exacerbate this trend,” says Ms Solís.

The Boston Consulting Group has estimated that while “a human welder today earns around $25 per hour, including benefits, the equivalent operating cost per hour for a robot is around $8”.
While some jobs have been lost to shifting to overseas production, a larger number have been lost to automation = those jobs aren't coming back.
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