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Politics : Formerly About Advanced Micro Devices
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To: TimF who wrote (350766)9/16/2007 9:42:42 PM
From: tejek  Read Replies (2) of 1573954
 
The State of Manufacturing in the U.S.

Don Boudreaux

Let me see......this jerkoff doesn't think manufacturing jobs are all that important. He thinks its better to have all service jobs......jobs like doctors, lawyers and engineers. I guess he comes from the same Austrian economic school that believes a national deficit is a good thing. Forget for a moment that this goofball has managed to upset some important principles that determine the value and viability of a nation's economy....much to our good luck, he begrudgingly decides to endure the concept of a manufacturing sector and all the ugliness that that conjures up. He then goes on to compare evaluative data involving the manu. sector for the years 1966, 1976, 1986, and 1996, carefully ignoring the one component that is the most important and the one that economists point out over and over again......that manu. employment has been declining in this country particularly during the past ten years. Instead, he cites parameters that can't help but look good if for no other reason than inflation and a growing population have made those statistics look better over the decades.

Now why are manufacturing jobs better than service jobs? Because the vast majority of service jobs are not doctors, lawyers and engineers. Instead, they are jobs typically found at a McDonalds, or a Walmart or a movie theater; jobs that don't pay squat. And that is what has economists upset....it was manu. that made it possible for the lower classes to move up because they paid a reasonable living wage. That's not possible with a low paying job in the service industry. And that's exactly what has been more typically produced in this econ. recovery.......low paying jobs in the service industry. And its why the gaps in the poor vs the middle class vs the rich are growing.

Clearly, you guys really don't understand how things work. No wonder Bush and his chronies have fouled things up so badly.
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