Manufacturing Economy is the worst since 1947
No wonder The Middle Class has dropped by 5O% here inThe USA!
serf
Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. The latest number compares with 13.4% for real estate, 12.8% for professional and business services and 12.3% for governments.
serf
Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. The latest number compares with 13.4% for real estate, 12.8% for professional and business services and 12.3% for governments.
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serf wrote:No wonder The Middle Class has dropped by 5O% here inThe USA!
serf
Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. The latest number compares with 13.4% for real estate, 12.8% for professional and business services and 12.3% for governments.
Have you been living with Shifty Shift, Schumer and Pelosi?
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serf wrote:No wonder The Middle Class has dropped by 5O% here inThe USA!
serf
Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. The latest number compares with 13.4% for real estate, 12.8% for professional and business services and 12.3% for governments.
BS!0 -
Quick&Dead wrote:serf wrote:No wonder The Middle Class has dropped by 5O% here inThe USA!
serf
Manufacturing made up 11% of gross domestic product in the second quarter, the smallest share in data going back to 1947 and down from 11.1% in the prior period, a Commerce Department report showed Tuesday. Figures before 2005 were for full years only. The latest number compares with 13.4% for real estate, 12.8% for professional and business services and 12.3% for governments.
Have you been living with Shifty Shift, Schumer and Pelosi?
It's the Commerce Dept data, so I think Trump would sanction them if incorrect and this problem has come about because of A.I. taking jobs from the common people and it's only going to get worst for all semi skill workers. Trump's base voters are going to be dismal ,if they think he has a magic wand to fix it.
This why socialism and crime is on the increase because the standard of living is going down! Wake up!
serf
33 percent of all American workers made less than $20,000 last year.
-46 percent of all American workers made less than $30,000 last year.
-58 percent of all American workers made less than $40,000 last year.
-67 percent of all American workers made less than $50,000 last year.
That means that approximately two-thirds of all American workers are making $4,000 or less a month before taxes.0 -
The recession will be here in about 1.5 yr. 0 -
Apparently noone has told my employer. We have added new manufacturing facilities in Florida, Alabama, Arkansas and Texas since Trump took office.
I literally spend most of my time focused on hiring and I have multiple hiring managers who spend nearly 100% of their time on hiring. My recruiters all work 60+hrs a week and there is no end in sight.
There is an absolute war for talent in American manufacturing right now and anyone who says otherwise is full of it.0 -
I agree with Warbirds.
I work in a full on manufacturing facility/production line for high end Semi-Truck Trailers. (Dry vans at our plant.) We have been turning away work for the past few years because we can not fulfill the delivery deadlines. We put a completed Trailer out the door, (on average,) every 24 minutes, at our plant. Our 5 Plants manufactured over 10,500 Trailers last year.
We hire on average, about 10 workers every two weeks. (At our plant.) We lose about 2/3rds within three months because people do not want to actually work. We run three shifts, 24/7. Apprx 350 on each of the two main shifts, and about 200 on the mid shift.
If there is a problem with the Manufacturing Industry, here in the United States - it is not in the Field I am currently working in.0 -
Democratic back spin, leading up to the Election of the POTUS.
Just like the "Impeachment," crap. A side show, meant to distract.
They have Nothing,0 -
Just my uneducated look at current it seems that the US has become the place of execs, middle management, and food service. Trades seem to be slowly going down except those for repairs since new production more and more seems to be shipped overseas. Made in America gets harder to find with every passing year.
Not all, but a lot could be solved by term limits on ALL elected officials. Public policy affects trade.0 -
Well the negative interest rates abroad are going to catch up to the U.S. economy. Nothing happens fast . Trump is still trying to repair the former whats his name . 0 -
Fake news has infiltrated data that folks use to prove their purpose.
Like the BS posted daily in the news and Facebook. Propaganda is everywhere.
Reading between the lines is more important then ever before.
Like Mark Twain said... My edit. Dont buy the BS.0 -
If you want to know how the economy is doing all you have to do is look around where you live at how many new houses are being built. There's more new house construction going on around here than ever before.
When Obama was president all you would see is pipes sticking up out of the ground that had been roughed in where subdivisions has been planned and were abandoned. The housing industry went to hell when that SPOS was president.0 -
I call total BS.serf wrote:-33 percent of all American workers made less than $20,000 last year.
-46 percent of all American workers made less than $30,000 last year.
-58 percent of all American workers made less than $40,000 last year.
-67 percent of all American workers made less than $50,000 last year.
That means that approximately two-thirds of all American workers are making $4,000 or less a month before taxes.
No way over 2/3 of the population is making less than 50K before taxes.0 -
Marc1301 wrote:
I call total BS.serf wrote:-33 percent of all American workers made less than $20,000 last year.
-46 percent of all American workers made less than $30,000 last year.
-58 percent of all American workers made less than $40,000 last year.
-67 percent of all American workers made less than $50,000 last year.
That means that approximately two-thirds of all American workers are making $4,000 or less a month before taxes.
No way over 2/3 of the population is making less than 50K before taxes.
I read that factoid, and disagree with its assessment/conclusion.0 -
serf wrote:... gross domestic product .... 13.4% for real estate,.... 12.3% for governments.
I guess I must be stupid. How can government and real estate be part of the GDP? As far as I know God's not making any more real estate and government produces nothing but waste.0 -
If you look close you will find this data is for CT, the state most likely to lose population in the next year .
I think we are # 2 right now but our govna is pushing for # 10 -
All, and I mean ALL manufacturing plants around here are hiring.
Celanese
Federal Mogul
Moog
Kollmorgen
Volvo
Radford Ammunition Plant
Hubble Lighting
James Hardy
Wolverine Gasket
All within a 40 mile radius.0 -
Wyatt Burp wrote:serf wrote:... gross domestic product .... 13.4% for real estate,.... 12.3% for governments.
I guess I must be stupid. How can government and real estate be part of the GDP? As far as I know God's not making any more real estate and government produces nothing but waste.
https://www.khanacademy.org/economics-finance-domain/macroeconomics/macro-economic-indicators-and-the-business-cycle/macro-the-circular-flow-and-gdp/a/measuring-the-size-of-the-economy-gross-domestic-product-cnx
If you've noticed any infrastructure projects?like road construction?in your community or state, you've seen how important government spending can be for the economy. Government expenditure accounts for about 20% of the GDP of the United States, including spending by federal, state, and local government.
Improving or building housing structures is what is meant by real-estate GDP.0 -
KenK/84Bravo wrote:Marc1301 wrote:
I call total BS.serf wrote:-33 percent of all American workers made less than $20,000 last year.
-46 percent of all American workers made less than $30,000 last year.
-58 percent of all American workers made less than $40,000 last year.
-67 percent of all American workers made less than $50,000 last year.
That means that approximately two-thirds of all American workers are making $4,000 or less a month before taxes.
No way over 2/3 of the population is making less than 50K before taxes.
I read that factoid, and disagree with its assessment/conclusion.
Same here - I'd like to know from where it comes.
BTW, should we have been concerned when buggy whip manufacturers were put out of business by auto mechanics? Candle makers by electricians? I hear it's tough nowadays finding work as an ice cutter, what with all those new fangled "ice boxes" out there.
A few articles re US manufacturing and how healthy it is, rather than the doom and gloom snapshot offered:
https://www.thebalance.com/u-s-manufacturing-what-it-is-statistics-and-outlook-3305575
U.S. manufacturing is the largest in the world, producing 18.2% of the world's goods?more than the entire economic output of Canada, Korea, or Mexico. As high operating costs threaten America's leadership position, other companies are getting a competitive edge. First among these is China, whose low-cost factories manufacture 17.6% of the world's products.
According to the Bureau of Labor Statistics, the United States has 12.85 million manufacturing jobs, which employs 8.5% of the workforce, and pays 12% more than other jobs.
Manufacturing is forecast to increase faster than the general economy. The Manufacturers Alliance for Productivity and Innovation (MAPI) Foundation says increased capital growth and higher exports will boost manufacturing and predicts production will grow 3.9% in 2019, before slowing slightly to 2.4% in 2020 and 1.9% in 2021.
Interest rates and a strong dollar, trade wars with other countries and a host of other issues influence manufacturing. Since manufacturing jobs tend to pay well I'm not sure what the purpose is of linking "X percent of US workers make X dollars" to the conversation. But here is some additional info that validates your supposition:
https://www.thebalancecareers.com/average-salary-information-for-us-workers-2060808
According to the Bureau of Labor Statistics (BLS), the median wage for workers in the United States in the first quarter of 2019 was $905 per week or $47,060 per year for a 40-hour workweek. Wages were 2.7% higher than on the same date for the previous year.
I suppose we should keep in mind most households in the US are to some extent "two salary" providers.0 -
I work as a low voltage monkey electrician bldg and maintaining huge data centers in Council Tucky Iowa.
We can?t fill job calls, and suppliers of the equipment and fiber optics we?re installing can?t keep up.
Anyone with no experience want to come make $60,000 a year to start with no experience? Come on down to God?s country.0 -
jimdeere wrote:All, and I mean ALL manufacturing plants around here are hiring.
Celanese
Federal Mogul
Moog
Kollmorgen
Volvo
Radford Ammunition Plant
Hubble Lighting
James Hardy
Wolverine Gasket
All within a 40 mile radius.
When minimum wage was $1.25 per hour (1964) quarters were made of silver. If quarters were still made of silver, the minimum wage could still be $1.25 per hour, thereby benefiting employers. But the purchasing power of those 5 silver quarters, is approximately $16.00in today?s Dollars. Even with the currently depressed price of silver, minimum wage employees would have purchasing power exceeding that of the highest minimum wage being sought of $15 per hour, while employers could still have labor costs the same as in 1964.
http://www.ncsl.org/research/labor-and-employment/state-minimum-wage-chart.aspx
The Federal minimum wage is 7.25 Congress coins money in more ways than one!
A surreptitiously recorded video of Mitt Romney speaking at a fundraiser stirred up the presidential race on Sept. 17, 2012. The video showed Romney saying that 47 percent of the American public are "dependent on government," "believe that they are victims" and "believe the government has a responsibility to care for them."
Now you know why! 16 dollars -7.25 = 8.75 in losses! Congress debased our coins and currency since 1965!
Romney also claimed that the 47 percent of Americans who don't pay federal income taxes are strong Obama supporters because they are so dependent on government benefits that Obama freely provides.0 -
Percentages are part of a whole and do not change in a vacuum. What has the manufacturing sector done on it's own, grown, shrunk the article is useless unless it contains this information. 0 -
I am seeing more new construction, road, and infrastructure improvements than I have ever seen before. Everything is booming around here! 0 -
Funny that ya'll disagree so surely, fact is he is pretty close to being right
The number of people earning less than $30,000 accounts for 48.06% of the population.
Multiple sources including the IRS, Census Etc, all indicate the average annual income is U.S. real median household income reached $63,688 in January 2019
https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/
Quick Summary: According to U.S. Census Bureau data from 2018, the latest release, the median household income was $63,179, an increase over 2017 ($61,372).
https://wallethacks.com/average-median-income-in-america/0 -
Everyone today wants a job they can do on their smart phone, the same one they stare at 20hrs a day like a jackass eating briars.
There are a shortage of people that work with their hands; Mechanics, Welders, Electricians ect.................I should rephrase that the shortage is in American Citizens who work with their hands.
One of my Nephews doesn't want to go to college. I think that is fine but his parents are devastated. I told him join the military stay in for 4 years learn a skill like welding. Get out go to school on the army's dime get a welding or whatever cert and start your own company after you have done some apprentice work. Or stay in for 20, retire at 38 and again start you own business AND get a paycheck and health care for life.0 -
Sam06 wrote:Or stay in for 20, retire at 38 and again start you own business AND get a paycheck and health care for life.
I wish I had taken that route in retrospect.
I do agree with you about those not willing to work a Hands on/physical job. We lose people like crazy where I work. We start about 10 (on average) about every two weeks. You may see 2 or 3 of them still around after 3-4 months. It pays well, but it is intensive fast paced hard work. A lot of people do not want to do that anymore.
I started with 21 people, a little over 5 years ago. Within a couple years, it was me and one other guy still around.0 -
Adding this that manufacturing jobs may well be down, we make less widgits, but employment is doing well and in the technology sector its booming. Kids today are making 200K plus working at facebook, netflix, Uber, Google, Etc. 0 -
mogley98 wrote:Adding this that manufacturing jobs may well be down, we make less widgits, but employment is doing well and in the technology sector its booming. Kids today are making 200K plus working at facebook, netflix, Uber, Google, Etc.
Yeah, the smart ones with an college education or hard working construction service jobs are,anyone here who thinks that The Middle Class is growing here in The USA is delusional. A.I. is coming for a lot of blue collar workers jobs ASAP. Bet on it.
serf
To look at it another way, among white people without college degrees who voted for Trump, nearly 60 percent were in the top half of the income distribution. In fact, one in five white Trump voters without a college degree had a household income over $100,000.
https://www.pewresearch.org/fact-tank/2016/09/15/educational-divide-in-vote-preferences-on-track-to-be-wider-than-in-recent-elections/0
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