Companies continued to 'pay workers more to produce less' in Q2, data shows (yahoo.com)just another day in the life of the democratic party and their bow to the wishes of their voters, lets all make more pay for less results, spinning begins in 5.4.3.2.1
So the party that doesn't want to subsidize anyone or anything because it "socialistic" is now complaining that the private sector is paying workers too much? Honestly, you can't make this shit up.
I think you have it backwards. The US has been shifting toward a service economy for 30 years, and now with China and Russia showing it's ass, the need for manufacturing will increase drastically in the next couple of decades.
I agree, I think you will see a shift back to more manufacturing in the US with higher paid jobs. Companies not having chips is costing them more than the cheap Chinese labor is saving them.
Manufacturing has been shifting back largely because of cheap nat gas keeping energy input prices down and same wells are generating massive amounts of ethylene and other liquids providing cheap stock for plastics. If only we had the pipeline capacity to move more of it to more domestic markets.
Okay. You post a link to an article about workers being paid more and producing less. There is nothing in the article that says these workers are lazy or otherwise unproductive. The higher salaries result from labor shortages. The lower production likely results from shortages of raw materials and parts and distribution issues. What does any of this have to do with the Democratic Party, and why would the Democratic Party want production to be down? If you can’t explain yourself in a rational way, you’re my next block because I read this stuff and then realize that I am wasting my time.
I kinda phrased it as a prediction but I meant the shift we’ve experienced in general. I think manu is only slated for very modest growth. China IMO is quickly becoming old news in terms of cheap labor Edit. It looks like the shrink is currently predicted to continue with service growing faster that manu
No doubt. It will not only be electronics but pretty much everything else will slowly dry up from China. The risk of doing business there is changing rapidly. Definitely agree of the Chinese labor front. That was changing even before covid. As far as the shrink, Manufacturing takes a lot longer to ramp up than services. It will take years or decades even to ramp up to meet future demand. Definitely worth tracking materials and precious metals as they are key to manufacturing and services in the future.
Younger labor force wants more life / work balance and pay relative to profits of their employers. Not sure what that has to do with political affiliation.
Have you read the new trillion dollar giveaway bill that just passed the Senate? Subsidizing is a kind word for stealing from one person to pay another..
you understand it pays for itself by raising corporate taxes right? It actually cuts the deficit. Unlike anything pubs have done in like… forever.
