December 31, 20169 yr It amazes me when people attribute lost jobs to other nations and immigrants when in reality the majority are lost to automation in the tech word. It costs a lot of $$ to skill up a work force. Easier to replace unskilled labor with machines. I bet the money businesses DJT says he saves will go into automation not people. We are in a HUGE Catch 22 here with jobs and many just don't get it. The Brits expect to lose 15 MILLION :eek: jobs the next 20 years. You probably can double or triple that here. At least the factories will be here paying property tax..wait... :( nevermind our president is cutting deals. :no:
December 31, 20169 yr It amazes me when people attribute lost jobs to other nations and immigrants when in reality the majority are lost to automation in the tech word. It costs a lot of $$ to skill up a work force. Easier to replace unskilled labor with machines. I bet the money businesses DJT says he saves will go into automation not people. We are in a HUGE Catch 22 here with jobs and many just don't get it. I don't disagree that automation is going to hurt the job market going forward...and most likely a lot. However, there always will be some factory jobs and I would prefer them to be here and not other countries (for the US companies).
December 31, 20169 yr I don't disagree that automation is going to hurt the job market going forward...and most likely a lot. However, there always will be some factory jobs and I would prefer them to be here and not other countries (for the US companies). No problem with that at all and keeping those jobs here, but we didn't lose most of the factory jobs overseas, we lost them to automation. Those few factory jobs will not be a significant player in the job market going forward.
December 31, 20169 yr No problem with that at all and keeping those jobs here, but we didn't lose most of the factory jobs overseas, we lost them to automation. Those few factory jobs will not be a significant player in the job market going forward. Ever heard of the Steel Industry ?
December 31, 20169 yr Ever heard of the Steel Industry ? ...and they will be highly automated. Those are not small.
December 31, 20169 yr ...and they will be highly automated. Those are not small. You said we didn't lose a large amount of jobs overseas and a large portion of the American Steel Business went overseas. Of course Automation plays a role but to down play the fact we have lost numerous jobs to other countries isn't factual.
December 31, 20169 yr You said we didn't lose a large amount of jobs overseas and a large portion of the American Steel Business went overseas. Of course Automation plays a role but to down play the fact we have lost numerous jobs to other countries isn't factual. Never said we didn't lose numerous jobs, in fact we have, but automation is the #1 low skill job killer and NO One takes that on. Why is that? Big business makes loads of money not paying low skill workers high wages. Not saying I blame them or wouldn't do it myself, but lets paint the correct picture. Automation has caused and will continue to cause the loss of the majority of low skill jobs, until most of those in factories don't exist with large work forces. I know you are smart enough to know this. All I am saying is blame is misplaced for the majority of low skill factory jobs.
December 31, 20169 yr You said we didn't lose a large amount of jobs overseas and a large portion of the American Steel Business went overseas. Of course Automation plays a role but to down play the fact we have lost numerous jobs to other countries isn't factual. Robots may have gotten them too Contra Trump, Steel Jobs Were Lost to Robots, not Mexico or China | Foundation for Economic Education "Back in 1967, the US steel industry employed about 780,000 workers, and produced about 115 million tons of steel.* By 2015, employment had fallen to 90,000, producing about 79 million tons of steel. In both years, the US consumed about 130 million tons of steel. (I’m not sure these figures are exactly right, but I think they are close enough.) The bottom line is that even if we still produced 115 million tons, or even upped it to 130 million, the level of employment in steel would be in the 120,000 to 150,000 range. The vast majority of those 780,000 steel jobs were lost to automation, and they aren’t coming back."
December 31, 20169 yr Robots may have gotten them too Contra Trump, Steel Jobs Were Lost to Robots, not Mexico or China | Foundation for Economic Education "Back in 1967, the US steel industry employed about 780,000 workers, and produced about 115 million tons of steel.* By 2015, employment had fallen to 90,000, producing about 79 million tons of steel. In both years, the US consumed about 130 million tons of steel. (I’m not sure these figures are exactly right, but I think they are close enough.) The bottom line is that even if we still produced 115 million tons, or even upped it to 130 million, the level of employment in steel would be in the 120,000 to 150,000 range. The vast majority of those 780,000 steel jobs were lost to automation, and they aren’t coming back." China and other foreign countries do dominate the Steel Industry. I have two brothers who were Union Steel workers until jobs were lost. I know it first hand.
December 31, 20169 yr You may or may not have to cut staff. You may be able to cut in other areas, or you may counter by raising prices slightly. Or as a business owner you may decide to absorb the increased cost to maintain efficient operations. Lots of different ways to play the scenario. Increase in minimum wage does not mean you have to cut jobs. You may want to talk to business owners in Seattle about that.
December 31, 20169 yr You may want to talk to business owners in Seattle about that. Did Seattle go straight to $15? In the article Papa posted, New York's scale may be the best I've seen.
December 31, 20169 yr Did Seattle go straight to $15? In the article Papa posted, New York's scale may be the best I've seen. From what I have read, Seattle went straight to $15. Many businesses have closed due to this.
December 31, 20169 yr From what I have read, Seattle went straight to $15. Many businesses have closed due to this. I googled. It's still early for either side to say anything. $15 wage law has little impact on Seattle’s thriving labor market, report suggests | The Seattle Times
December 31, 20169 yr I Googled also: Forbes Welcome The Bitter Lesson From Seattle's Minimum Wage Hike | Stock News & Stock Market Analysis - IBD
December 31, 20169 yr I Googled also: Forbes Welcome The Bitter Lesson From Seattle's Minimum Wage Hike | Stock News & Stock Market Analysis - IBD I read the first one and quit on the second after it seemed to inject more vitriol than facts. Either way all three articles are from the same study. Like I said it's too early to say either side is right.
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