Politics Apple to hire 20,000, open second headquarters and pay $38 billion tax bill on overseas profits

If the US wanted to put a big dent in the Chinese debt we've got they should go after copy right protection abuses....fake Gibson guitars...pirated movie DVDs..fake levis etc.....they've made billions illegally by pirating American brands....don't know why this is never an issue

 

Nor is the majority of the planet....me included

 

I guess the question we have to ask is - is it more important to grow jobs in manufacturing while stunting job growth elsewhere and is that what's going to make America Great again?

To be fair to Trump - he manages to stick to his narrative of trying to revive some of the industries that have been failing in the US.

The question is - is it worth doing if it comes at the expense of the industries that have been thriving and is it going to change the fact that US workers are not willing to get paid like people in developing countries so the inequality is not going to disappear.

Basically, it comes to manufacturing jobs gained, while growth in high-tech and services slowing or disappearing.

It worries me that this is a case of winning battles while losing the war, which is unfortunate. 2010 was the last year when the economy added less jobs than this year under Trump. Part of it is of course that Obama left Trump with strong economy - so growth opportunities are not so easy, but parts of it are regulations.

https://data.bls.gov/pdq/SurveyOutputServlet

The paradox is that most of the job growth even under Trump continues to come to the "Blue" areas. This probably means that the solution to the income inequality will not likely change by trying to support failed industries - the global market will dictate what industries are really needed, tariffs and regulations are nothing but a short-term bandaid.

 

well....I just read a few articles that contradict your claim of job gains vs losses in Trump's first year....the Trump line is to counter with fake news....NBC hates me...etc....I knew that was coming ...it's the new way to avoid conflicting numbers. I hope the economy does bloom and wages increase..so far the 1%ers are celebrating while my quadriplegic client is in court trying to keep his health care hours intact...a bad turn of events for someone who is in his condition but nobody profits from the disabled

 

I've not seen any of this.....but it props up your narrative I guess

 

I don't make claims..I'm not an economist...I merely posted an article that made this claim...just like you posted one that made your claim....it's not about me or you....it's just about contradictions

 

Not sure where you’re getting the idea that the media is rooting for the economy to fail. That’s a serious reach. It appears to me, that like so many of the rest of us, they’re waiting to see these jobs actually materialize....and stick around. So far it’s pretty much been verbal diarrhea and self administered back patting. A (proportionately) few jobs here and there don’t translate (at least yet) into a flow blown recovery......time will tell. But right now it’s more smoke and mirrors than anything close to reality.

 

Who's to say you didn't post the spin......I rarely post articles here...I could post fifty more with graphs and charts...no point....you can say the article I posted was spin.....I expect it ....I am glad you're happy about Trump for your sake....let's just simply understand.....I'm not happy at all with things in DC....the GNP bubble is not necessarily sticking around forever as you've stated...here s..the cost of living isn't matching wages much..

 

that's supposed to gain my trust? Last time I checked....government was investigating it's own employees and firing people who make decisions

 

Trump is not biased?

 

Of course. There is no data I have seen to support however that these jobs are high paying union jobs - a lot of them could be (and are likely to be) low-level assembly jobs.

Services of course also include financial, health and other services.

Given the following:

http://money.cnn.com/2016/11/04/news/economy/jobs-under-obama/index.html

47% of these were "higher wage jobs" - whatever this means.

Is that going to happen in industries where commodification and automation are the drivers (like manufacturing) or elsewhere? That's exactly why I think it might be the wrong place to concentrate to do that. Manufacturing jobs are not going to be high-wages industries, these US manufacturers that still have these (like auto-manufacturers) have systematically been under-performers and have not grown.

Your argument is why I think we need to make sure that what needs to happen is to see where the US excels in (high-tech, services) - and try to bring these jobs everywhere in the country - instead of trying to revive industries that benefit from low-cost human capital.

Correct. But manufacturing jobs are low-income jobs the world over, mostly. There is not a huge growth in high-wage manufacturing jobs. So, any growth in these industries is going to be low-wage jobs.

There are two things here - one, I agree with - manufacturing jobs are important, The other, that these are high-wage jobs, does not seem to be the pattern that modern economy the world over believes in. I very much doubt that 47% of these lasting manufacturing jobs will be "high wage" jobs.

So, the crux of the issue is - are these jobs better than services and high-tech jobs? Hard to tell. I suspect that given the quality of life that Americans expect and the trend of cheap labor used in manufacturing the world over - these jobs will not be high wage jobs and the only way to keep them is by artificial government intervention via tariffs.