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Article #1901Re: MANUFACTURING EMPLOYMENT DROPS TO 1962 LOWS!!!!
From: Grinch
Date: Fri, 16 Aug 2002 21:09
Date: Fri, 16 Aug 2002 21:09
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4222 bytes
On Fri, 16 Aug 2002 13:57:51 -0600, "Mark Martin" <mpmartin7@mindspring.com> wrote: > >"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. Um, that's the point. >> 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. But you could have had a job in *manufacturing*! Surely that would have been better! Better than a job in computing services. Then there'd have been at least two of you with two dogs to share all the money. >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: fea97,c3d583e9355a6cc0 X-Google-Attributes: gidfea97,public X-Google-Thread: 105543,c3d583e9355a6cc0 X-Google-Attributes: gid105543,public X-Google-Thread: fd5f7,c3d583e9355a6cc0 X-Google-Attributes: gidfd5f7,public X-Google-Thread: 10f7bc,c3d583e9355a6cc0 X-Google-Attributes: gid10f7bc,public X-Google-ArrivalTime: 2002-08-16 14:09:48 PST Path: arc1-ca.pugleaf.net!archiver1.google.com!news1.google.com!newsfeed.stanford.edu!headwall.stanford.edu!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: Grinch <oldnasty@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 17:09:52 -0400 Organization: Happy Skeptics of America Lines: 72 Message-ID: <s3qqlug1uptovq594bk1o9kou44q65nj8j@4ax.com> References: <22rqkusrldi6ji1e4uv1td3rtfd6qtqsk3@4ax.com> <ajbja7$n54$2@news.doit.wisc.edu> <ajjj68$1nk$1@slb7.atl.mindspring.net> <6pkqlugk6pdqdb8gv7tjrlm8dl5765svn4@4ax.com> <ajjln5$u$1@slb5.atl.mindspring.net> Reply-To: oldnasty@mindspring.com NNTP-Posting-Host: a5.f7.2e.23 Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-Server-Date: 16 Aug 2002 21:09:48 GMT X-Newsreader: Forte Agent 1.8/32.548