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Article #1900Re: MANUFACTURING EMPLOYMENT DROPS TO 1962 LOWS!!!!
From: Mark Martin
Date: Fri, 16 Aug 2002 19:57
Date: Fri, 16 Aug 2002 19:57
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3846 bytes
"Grinch" <oldnasty@mindspring.com> wrote in message news:6pkqlugk6pdqdb8gv7tjrlm8dl5765svn4@4ax.com... > On Fri, 16 Aug 2002 13:18:36 -0600, "Mark Martin" > <mpmartin7@mindspring.com> wrote: > > > > >"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? > > Once upon a time 75% of total employment in the US was in agriculture. > It's dropped to 2% today -- although farms produce vastly more today, > due to much higher productivity, of course. > > Look at the 73% unemployment in the US now! Look at how US wealth now > is concentrated among those 2% of agricultural barrons -- how they get > all the money! Agricultural barrons???? You must mean Philip Morris. I don't know of any filthy-rich dirt farmers. Filthy farmers, dirt-poor farmers, but not filthy-rich dirt farmers. > Wouldn't life be better if agricultural productivity had remained low, > so we all of necessity still lived and worked on the farm, and none of > us had been forced into those 98% of other lousy jobs that make up a > modern economy? Gee, nobody forced me to go to college or take a job as a computer programmer. I haven't seen any jobs at all for farm-hands. Maybe I should take that job as a sysadmin for the local porno site. Now THAT'S filth!
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X-Google-Language: ENGLISH,ASCII-7-bit X-Google-Thread: fd5f7,c3d583e9355a6cc0 X-Google-Attributes: gidfd5f7,public X-Google-Thread: fea97,c3d583e9355a6cc0 X-Google-Attributes: gidfea97,public X-Google-Thread: 105543,c3d583e9355a6cc0 X-Google-Attributes: gid105543,public X-Google-Thread: 10f7bc,c3d583e9355a6cc0 X-Google-Attributes: gid10f7bc,public X-Google-ArrivalTime: 2002-08-16 12:57:47 PST Path: arc1-ca.pugleaf.net!archiver1.google.com!news1.google.com!newsfeed.stanford.edu!news-spur1.maxwell.syr.edu!news.maxwell.syr.edu!nntp1.phx1.gblx.net!nntp.gblx.net!nntp.gblx.net!newsfeed.news2me.com!newsfeed2.earthlink.net!newsfeed.earthlink.net!stamper.news.pas.earthlink.net!stamper.news.atl.earthlink.net!harp.news.atl.earthlink.net!not-for-mail 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 13:57:51 -0600 Organization: MindSpring Enterprises Lines: 59 Message-ID: <ajjln5$u$1@slb5.atl.mindspring.net> References: <22rqkusrldi6ji1e4uv1td3rtfd6qtqsk3@4ax.com> <ajbja7$n54$2@news.doit.wisc.edu> <ajjj68$1nk$1@slb7.atl.mindspring.net> <6pkqlugk6pdqdb8gv7tjrlm8dl5765svn4@4ax.com> NNTP-Posting-Host: 40.5b.b0.64 X-Server-Date: 16 Aug 2002 20:01:41 GMT X-Priority: 3 X-MSMail-Priority: Normal X-Newsreader: Microsoft Outlook Express 6.00.2600.0000 X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2600.0000