Re: MANUFACTURING EMPLOYMENT DROPS TO 1962 LOWS!!!!

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#1897

From: Mark Martin
Date: Fri, 16 Aug 2002 19:18

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"Jim Blair" <jeblair@facstaff.wisc.edu> wrote in message
news:ajbja7$n54$2@news.doit.wisc.edu...
> VOR <vorcycles@worldnet.att.net> wrote:
>
> >The employment in the manufacturing sector of the U.S. economy is now
> >approaching levels not seen in 40 years!!! Take a look at the chart
> >analysis for the U.S. manufacturing employment, unemployment rate,
> >capacity utilization, and housing starts at
> >
> >  http://www.mktcycles.com/econdata.htm
>
> Hi,
>
> So manufacturing employment is dropping but industrial production is
> rising?  Note that productivity is also rising (and unemployment
> dropping).
>
> It is taking ever fewer people to make ever more goods?  That is GOOD.

I don't have the reference at the moment, but some professor somewhere said
something like "The factory of the future will have just two employees.  A
man to watch the equipment, and a dog to keep the man from touching
anything."

So what happens when one guy and his dog make all the money, and the rest of
us are unemployed?  Do we take turns watching to see if the dog died yet?

--
Mark Martin
www.emporium-sw.com  --  Write and test technical trading systems for a
portfolio of securities
mark@emporium-sw.com

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From: "Mark Martin" <mpmartin7@mindspring.com>
Newsgroups: sci.econ,misc.invest.technical,uk.finance,aus.invest
Subject: Re: MANUFACTURING EMPLOYMENT DROPS TO 1962 LOWS!!!!
Date: Fri, 16 Aug 2002 13:18:36 -0600
Organization: MindSpring Enterprises
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