Linked by Thom Holwerda on Mon 14th Nov 2016 23:37 UTC
In the News

China will take a tit-for-tat approach then. A batch of Boeing orders will be replaced by Airbus. US auto and iPhone sales in China will suffer a setback, and US soybean and maize imports will be halted. China can also limit the number of Chinese students studying in the US.

Trump as a shrewd businessman will not be so naive. None of the previous presidents were bold enough to launch an all-out trade war against China. They all opted for a cautious line since it's most consistent with the overall interests of the US, and it's most acceptable to US society.

That's China's state-run newspaper, threatening to hit - among others - Apple where it hurts.

I don't think American companies are going to, uh, just allow Trump and his administration to carry out this promise he made to voters - one of his core promises, I might add.

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RE: Comment by ddc_
by FunkyELF on Tue 15th Nov 2016 15:32 UTC in reply to "Comment by ddc_"
FunkyELF
Member since:
2006-07-26

a fully-automated factory in, say, US


Let's hope so. That could literally create 10's of jobs.

Look at Foxcon's recent layoffs because of automation. Look how huge Tesla's Gigafactory is and how little people it would employ.

Not saying we shouldn't bring manufacturing here, but to think we don't need a long term solution to the fact that almost all jobs are being automated away is naive

Reply Parent Score: 5

RE[2]: Comment by ddc_
by ilovebeer on Wed 16th Nov 2016 15:07 in reply to "RE: Comment by ddc_"
ilovebeer Member since:
2011-08-08

That's exactly what a lot of people don't seem to understand. Yes, we've lost millions of manufacturing jobs but not just to child labor elsewhere but to advancement in technology & automation. There is no bringing those jobs back, period. What jobs could be brought back here would still have to be competitive and we'll lose every time thanks to globalization and the world economy.

If people want jobs for Americans, we better start pouring money into education in STEM areas and rebuilding everything. It's either that or Americans get used to the changing/changed world they live in. The days of the American Dream, being able to own a home and support a family with a regular 9-5 are long gone. 2016 is a far cry from the 1950's.

Reply Parent Score: 2

RE[3]: Comment by ddc_
by Alfman on Thu 17th Nov 2016 18:32 in reply to "RE[2]: Comment by ddc_"
Alfman Member since:
2011-01-28

ilovebeer,

That's exactly what a lot of people don't seem to understand. Yes, we've lost millions of manufacturing jobs but not just to child labor elsewhere but to advancement in technology & automation. There is no bringing those jobs back, period. What jobs could be brought back here would still have to be competitive and we'll lose every time thanks to globalization and the world economy.


osnews didn't let me vote this up. You are right those jobs aren't coming back. Companies would have to give up profits, they'll invest in automation before doing that. An alternative would be to remove the minimum wage in the US so that US employees could be hired for 3rd world incomes - I don't even want to contemplate that with our costs of living.


If people want jobs for Americans, we better start pouring money into education in STEM areas and rebuilding everything. It's either that or Americans get used to the changing/changed world they live in. The days of the American Dream, being able to own a home and support a family with a regular 9-5 are long gone. 2016 is a far cry from the 1950's.


It is a far cry from that period. We're making about the same level of family income adjusted for (official) inflation, but back then family income was earned by a single worker whereas today's families need to have two in the workforce to earn the same amount. Productivity increased, GDP increased, we're more efficient than ever, large corporations are flourishing, yet the middle class lost salary, lost their retirement pension plans, are increasingly straddled with debt from medical/housing/education expenses. All the benefits go to corporations and the wealthy, many paying even less tax their own employees.


And yet, being the idiots that we are, we just voted in a candidate who promises to lower taxes on the ultra wealthy even further while decreasing middle class benefits. There's always been an element of "class warfare", but this is going to take economic inequality to unprecedented levels in the US.

Some of us want to believe, "oh he'll do the right thing when the time comes", but why would he start now? He's always been about himself: exploit people that support him, while shaming those who don't. I don't think he's going to change. Trump's enemies will be his greatest assets, he'll use them as scapegoats for why things aren't working and justification for even more drastic measures. He's already overtly hostile to the media. He's filling his administration with people having shady backgrounds, I just don't trust his intentions are good and I don't think he gives a crap about anybody in the middle class.

Reply Parent Score: 2