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Article #1906

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

#1906
From: Michael L. Coburn
Date: Tue, 13 Aug 2002 20:41
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Jim Blair wrote:

> 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.

More Republican tap dancing.  If wages do not keep pace with the value
of monopoly rights (land, money, patents, etc) then the vast majority
are losers.

http://GreaterVoice.org/econ/economic_decline.php

This wonderful fall in the price of break rotors is a good
deal for people who are still paying the same rents they
were before the price decrease.  Unfortunately, however,
that is limited to those people who actually _own_ the
land as opposed to those who are trying buy a home.

The American people own less equity in their homes than at any
time since the 1930's.  Most have mortgaged and re financed
several times in order to keep the Republican economy afloat.
Consumer debt is higher than at any time in the history of
the known universe.  Yet Republican apologists continually
sift through the "data" to find whatever convoluted piece
of chiken manure they can so as to justify  -- 20 years of
false prosperity floated on a mountain of debt, culminating
in "A fascist banana republic with no bananas".

-- 
Mike Coburn

"It's the tax system, stupid.  No, it's the ludicrous
banking system. Well, actually, its both. With proper
consideration we find these injustices are made
possible by the lack of representation of The People
in their government". -- http://GreaterVoice.org
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From: "Michael L. Coburn" <mikcob@gte.net>
Newsgroups: sci.econ,misc.invest.technical,uk.finance,aus.invest
Subject: Re: MANUFACTURING EMPLOYMENT DROPS TO 1962 LOWS!!!!
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Date: Tue, 13 Aug 2002 13:41:16 -0700
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