Boris Plays a Blinder

[silver fox]

U.S. enjoys best manufacturing jobs growth of the last 30 years

Published: Jan 4, 2019 2:14 p.m. ET

Last year, 264,000 new manufacturing jobs were added, representing the highest number of new workers since 1988. As a percent of the total workforce, manufacturing rose for the first time since 1984.

https://www.marketwatch.com/story/ma...ago-2019-01-04

Statistics flow back and forth.

Not wishing to state the bleeding obvious, comparison with the USA is not particularly relevant.

[local]

Not wishing to state the bleeding obvious, comparison with the USA is not particularly relevant.

Its relevant to what was being discussed jobs returning back home .

[Alikado]

Its relevant to what was being discussed jobs returning back home .

Jobs returning home may be relevant when your are talking about a US Company such as Ford moving production back home from Mexico or similar but what production could be repatriated in this Country, manufacturing has been decimated by successive Governments in this Country.

[Toodles McGinty]

Its relevant to what was being discussed jobs returning back home .

You honestly think that by leaving the EU we'll bring jobs back?

How will you force people to manufacture goods here when they are so much cheaper elsewhere? Are you going to make imported goods so expensive that they have to produce their own, or are you relying on some kind of bulldog spirit?

Because, again, I don't see Primark or M&S suddenly deciding to make their own clothes instead of importing them from the far east. It simply isn't viable. How do you make manufacturers buy steel from here instead of looking abroad for cheaper imports?

Businesses have stated they'll go to Europe if we leave. How is that bringing back jobs?

I'd love to know how by cutting ties with Europe we'll get gazillions of jobs in this country.

[Ceam]

U.S. enjoys best manufacturing jobs growth of the last 30 years

Published: Jan 4, 2019 2:14 p.m. ET

Last year, 264,000 new manufacturing jobs were added, representing the highest number of new workers since 1988. As a percent of the total workforce, manufacturing rose for the first time since 1984.

https://www.marketwatch.com/story/ma...ago-2019-01-04

Statistics flow back and forth.

and they have done this by adding heavy taxes to imported goods from around the world especially China. You fancy a trade war with China in the middle of getting rid of our biggest exporters?
America are playing a very dangerous high risk game. But do have the infrastructure to stand half a chance of pulling it off. The U.K. does not. we are a finance and corner shop culture.

America ATM are out to shaft anyone, and that includes us.

[silver fox]

Its relevant to what was being discussed jobs returning back home .

How? The USA a very large country with sufficient resources to be virtually self supporting, a huge manufacturing and customer base, a big enough market to produce goods in quantity even if it's only for their own use.

The UK a small group of islands off the coast of mainland Europe, with few natural resources, a relatively small customer base, most of our major manufacturers are foreign owned and only based in this country as long as it is to their benefit to do so.

Should we adopt the USA strategy of high import taxes, do you really believe that UK manufacturers will suddenly appear and fill the gap? Do you seriously believe that we will then be able to export to countries who have had high import tariffs applied, or do we settle at cottage industry level sufficient for our own country?

Don't see how this will produce a major growth in jobs or our economy, this isn't defeatist or project fear, simply reality.

[seivad]

From their October 2019 projections overview, the US Dept. of Labour doesn't share Local's optimistic view.

https://www.bls.gov/opub/mlr/2019/ar...ts-2018-28.htm

Employment in the goods-producing sectors excluding agriculture is projected to increase by 211,400 over the 2018–28 decade. This growth compares favorably with the loss of 616,600 jobs over the previous decade. Employment in the construction sector is expected to increase substantially, adding 807,500 jobs. This increase will bring the construction sector above its 2006 level, which was the height of construction employment, just prior to the 2007–09 recession. (See figure 10.) Manufacturing, the largest sector in this group, is projected to have the largest decrease in jobs over the 2018–28 projections decade, declining by 640,700 jobs. Although large, the loss is less than that experienced from 2008 to 2018, which was a decrease of 716,800 jobs. (See figure 11.)




Most rapidly declining employment

The manufacturing sector is projected to lose the most jobs and have the most rapid employment decline of any sector over the projections decade. The large manufacturing sector contains 10 of the 20 industries projected to have the most rapid employment declines. Some factors contributing to the loss of jobs in the manufacturing sector are international competition and the adoption of new productivity-enhancing technologies, such as robotics.³⁰ The tobacco manufacturing industry is projected to have the most rapid declines in industry employment, falling 4.6 percent annually.

The decline in employment in the manufacturing sector is expected to decrease employment over the projections decade in a number of occupations concentrated in manufacturing. Production occupations are projected to experience the strongest employment decline of any occupational group, because of a combination of automation and offshoring. Of the 30 occupations with the fastest employment declines, 13 are in the production occupational group and include various machine and tool setters, assemblers, and operators. Although their employment is projected to decline rapidly, they are relatively small occupations and are projected to lose only about 56,200 jobs in total.

[seivad]

How? The USA a very large country with sufficient resources to be virtually self supporting, a huge manufacturing and customer base, a big enough market to produce goods in quantity even if it's only for their own use.

The UK a small group of islands off the coast of mainland Europe, with few natural resources, a relatively small customer base, most of our major manufacturers are foreign owned and only based in this country as long as it is to their benefit to do so.

Should we adopt the USA strategy of high import taxes, do you really believe that UK manufacturers will suddenly appear and fill the gap? Do you seriously believe that we will then be able to export to countries who have had high import tariffs applied, or do we settle at cottage industry level sufficient for our own country?

Don't see how this will produce a major growth in jobs or our economy, this isn't defeatist or project fear, simply reality.

The imposition of crippling tariffs on Chinese imports hasn't worked for the US either. Yes, some American companies are pulling up stakes in China, but they're not relocating to the US. Vietnam, Bangladesh, India and Mexico are some of the countries they're relocating to. Others still located in China are considering the same moves.

Some pharmaceutical and chemicals companies have returned to the US, but that's got nothing to do with tariffs or Trump. Both industries have a heavy reliance on natural gas. Gas is now so cheap in the US, they would be fools not to move their manufacturing and benefit from cheap energy.

China's retaliatory tariffs have done more damage to his own country's export trade, particularly in agriculture and the car industry. As I said earlier, BMW in SC was even considering moving some production to China. The 40% Chinese import tariffs are crippling their export business.

The American consumer is also feeling the pain in their wallets. Despite the Orange One repeatedly stating that the Chinese pay for US tariffs on Chinese imports, this is not the case. Businesses importing Chinese goods can't absorb the increased cost. The cost is passed on to the consumer. Judging from the current statistics on Chinese imports, consumers have not stopped buying Chinese goods. The Chosen One with unmatched wisdom has screwed up royally with his belief that "trade wars are easy to win" The only winner is the US Treasury scooping up all of the revenue from import taxes... courtesy of the American taxpayer.

[local]

How? The USA a very large country with sufficient resources to be virtually self supporting, a huge manufacturing and customer base, a big enough market to produce goods in quantity even if it's only for their own use.

The UK a small group of islands off the coast of mainland Europe, with few natural resources, a relatively small customer base, most of our major manufacturers are foreign owned and only based in this country as long as it is to their benefit to do so.

Should we adopt the USA strategy of high import taxes, do you really believe that UK manufacturers will suddenly appear and fill the gap? Do you seriously believe that we will then be able to export to countries who have had high import tariffs applied, or do we settle at cottage industry level sufficient for our own country?

Don't see how this will produce a major growth in jobs or our economy, this isn't defeatist or project fear, simply reality.

Sigh .....................

[seivad]

Sigh .....................

If you want to explain why the UK would follow the US trend (exaggerated though it is in erroneously claiming that the number of manufacturing jobs created are all due to companies returning to the US), instead of the exasperated sigh, why don't you provide statistics on the number of British businesses operating offshore providing manufacturing jobs, and the reasons why a post-Brexit Britain would cause them to return to Blighty.

[silver fox]

Sigh .....................

No answers then, shame really would love access to the Nirvana that awaits from Brexit, sadly I feel that we will see considerably more debits than credits in every aspect, particularly if we continue to elect the Tories or horror of horrors the Brexit Party.

[local]

If you want to explain why the UK would follow the US trend (exaggerated though it is in erroneously claiming that the number of manufacturing jobs created are all due to companies returning to the US), instead of the exasperated sigh, why don't you provide statistics on the number of British businesses operating offshore providing manufacturing jobs, and the reasons why a post-Brexit Britain would cause them to return to Blighty.

Just one company, Toyota to Boost U.S. Investment to Nearly $13 Billion by 2021

Mylan and Allergan and many more will follow as people premises, supply chains and legalities are completed.

Anyone with knowledge of business knows this cannot be done overnight.

Trumps re-election will be the pivot point (if he gets back in)

The move will turn into a flood should he succeed.

[seivad]

Just one company, Toyota to Boost U.S. Investment to Nearly $13 Billion by 2021

But that's not an example of an American company returning from offshore, is it? If you'd read one of my earlier posts on this thread, I pointed out that the majority of new manufacturing jobs are created through foreign direct investment, not reshoring. BMW, Toyota, Mercedes etc.etc., have all invested huge amounts in the US. It's a large market, why wouldn't they build where they sell?

Mylan and Allergan and many more will follow as people premises, supply chains and legalities are completed.

Also not an example of American companies reshoring, just more FDI.

Anyone with knowledge of business knows this cannot be done overnight.

Obviously not. And anyone who can read should have answered the question I asked, which was: "If you want to explain why the UK would follow the US trend (exaggerated though it is in erroneously claiming that the number of manufacturing jobs created are all due to companies returning to the US), instead of the exasperated sigh, why don't you provide statistics on the number of British businesses operating offshore providing manufacturing jobs, and the reasons why a post-Brexit Britain would cause them to return to Blighty."

You've ignored the question, and answered in regard to the US mfg. sector. Your answers are also not examples of American jobs returning to American soil... which is what you were originally claiming.

So tell me, how will Britain attract foreign direct investment when it has left the EU? I seem to recall that since the referendum FDI has decreased.

Trumps re-election will be the pivot point (if he gets back in)

God forbid.

[seivad]

Let's hope that Varadkar is correct in believing that a deal is now possible.

https://business.financialpost.com/p...r-it-in-europe

Unless the UK is a tariff free gateway to Europe, I expect that there will be more of the same.

[local]

But that's not an example of an American company returning from offshore, is it? If you'd read one of my earlier posts on this thread, I pointed out that the majority of new manufacturing jobs are created through foreign direct investment, not reshoring. BMW, Toyota, Mercedes etc.etc., have all invested huge amounts in the US. It's a large market, why wouldn't they build where they sell?



Also not an example of American companies reshoring, just more FDI.



Obviously not. And anyone who can read should have answered the question I asked, which was: "If you want to explain why the UK would follow the US trend (exaggerated though it is in erroneously claiming that the number of manufacturing jobs created are all due to companies returning to the US), instead of the exasperated sigh, why don't you provide statistics on the number of British businesses operating offshore providing manufacturing jobs, and the reasons why a post-Brexit Britain would cause them to return to Blighty."

You've ignored the question, and answered in regard to the US mfg. sector. Your answers are also not examples of American jobs returning to American soil... which is what you were originally claiming.

So tell me, how will Britain attract foreign direct investment when it has left the EU? I seem to recall that since the referendum FDI has decreased.




God forbid.

That is bordering on the sad, companies as I am sure you know are somewhat fluid beasts ownership wise.

Are you looking for Billy Bob Moonshine Company relocating back from China ?

Despite your awful anti-British Bias the reason we will attract inward investment is because we very good at a lot of things from building Satellites to Scotch Whiskey, we are world leaders in film production, music and posh cars etc etc

I know you love trying to run our country down and constantly bleat that we are going to hell in a handcart because we voted to run our affairs.

We are also quite wealthy so foreign companies would like to sell us goods.

We also have a lot of bright young people looking to the world for their futures.

The grownups will sort our trade agreements,
Varadkar today spent some hours with Johnson and is quite upbeat about concluding a deal that I presume will bother you.
it may not happen but at least someones trying.