June nonfarm payrolls rise 121,000, Unemployment rate steady at 4.6%

[zendari]

Hmm, liberalgloomandoomrecession, oh where did you go?

 

[shadow9d9]

Originally posted by: zendari
Hmm, liberalgloomandoomrecession, oh where did you go?

It has nothing to do with liberalism. There is no real such thing as "doom and gloom"... Using nonsensical talking points do not really make sense.

Now, back to reality. Tons of people lost their jobs over the last 5 years and are now making much less, if they have even found replacement jobs. As for a recession, if Bernanke raises rates too much, it will cause a recession... which is just common sense. Speaking of reality and personal experiences makes more sense than using easily manipulated numbers to say the economy is good.

 

[dmcowen674]

Originally posted by: charrison
Manufacting jobs are going away in the US and worldwide.

Manufacting output has been expanding for over 30 months now, yet employment has been flat at best. Automaition is killing manufacturing jobs.

You contradict yourself all the time, stumbling and falling all over your Republican proganda and agenda, it's unreal.

So are we sending automated Manufacturing jobs to another planet???

What planet are all the China and India imports coming from?

There is nothing wrong with automation as long as we use it at HOME.

 

[nergee]

Originally posted by: zendari
Hmm, liberalgloomandoomrecession, oh where did you go?

Just wait, there will be a recession sometime in the future.......

 

[conjur]

Originally posted by: jlmadyson

Originally posted by: conjur
How is the economy clearly doing well?

The flatlined job "growth" producing jobs that aren't paying people enough to keep up with inflation?

The jobs created that are about split between public (military-industrial complex) and private?

The "growth" in the GDP that is solely from Mortgage Equity Withdrawal that is about to dry up like the Mojave Desert?

The fact that precious metals are skyrocketing because investors are losing faith in the dollar and are nervous about the tensions in the world?

The fact that the NASDAQ and the S&P500 are lagging WAY behind the DOW in this "economy" (again, another sign of people moving to more stable and reliable investments and not taking risk)?

Oil/gas still rising?

More people living in poverty?

Fewer people with health insurance coverage?

Real inflation near 8%?

Real unemployment nearer 10% (some economists say about 12%)?


Just because your boy Bush goes on yet another propaganda tour (like he's been doing about Iraq for over 3 years; like he did on Social Security last year) doesn't mean the economy is good.

I've been trying to tell you and tell you and tell you and I've shown you over and over and over again that the numbers being touted are FALSE! They are not realistic indicators of the true state of the economy. But, go ahead and live in your little rose-colored glasses world. As the saying goes: Ignorance is bliss.

So says conjur.

Real unemployment is closer to 4.6%, the NASDAQ and the S&P500 have hit 5 and 4 and half year highs recently and as for the NASDAQ had the best Q1 since 2000, The "growth" in the GDP that is solely from Mortgage Equity Withdrawal that is about to dry up like the Mojave Desertand, if that is the case we will see a serious hit in GDP in the next couple of years, we shall see, gold is no where near the 800+ mark in the 80?s especially considering inflation, flat lined job growth, are you nuts, why the hell do you think markets are worried (one of the very reasons they took a hit today), because there is so much job growth and thus that causes labor inflation, and thus the fed may very well keep tightening the ratchet for the longer term.

No, so say the numbers.

But, keep ignoring the numbers and live in that blissful ignorance.

 

[umbrella39]

Originally posted by: zendari
Hmm, liberalgloomandoomrecession, oh where did you go?

Acording to many fanbois we were never in a recession to begin with. The economy is great for those still living at home with their Mom and Dad.

 

[jlmadyson]

The strongest first-quarter gain in six years, Q1 590,000 jobs added

Fed's Poole Says Economy on `Solid Track,' Inflation Still Under Control

April 8 (Bloomberg) -- The U.S. economy has plenty of room to add jobs without stretching the workforce and fueling inflation, St. Louis Federal Reserve Bank President William Poole said yesterday.

The U.S. economy added 211,000 jobs in March and 590,000 in the first three months of 2006, the strongest first-quarter gain in six years, the Labor Department said yesterday. The unemployment rate matched a four-year low of 4.7 percent.

``There's room for employment to grow and scope on the upside without there being inflation consequences,'' Poole said in an interview. ``We know that there are strains in certain sectors, but we don't think that it is widespread.''

Poole and the Federal Open Market Committee will be debating whether the jobless rate has fallen too far in the months ahead. The FOMC raised the benchmark fed funds rate to 4.75 percent last week and warned that ``increases in resource utilization'' -- falling unemployment and rising factory use -- may drive prices higher.

The Fed is trying to bring borrowing costs to a level that lets the economy grow without stoking inflation. Poole said that while he's unsure how much higher the Fed needs to raise rates, he's not going to push for further moves just because of the ``strong'' job growth he's seen so far.

``As long as the economy's growth is pretty steady, we're not going to end up with bottleneck problems,'' Poole said. Companies ought to be able to adjust to any supply constraints they encounter with the economy forecast to grow about 3.5 percent this year, Poole said.

`Pockets of Tightness'

``There are pockets of tightness in both the physical capacity and the labor market, but there are a lot of other places where there's a lot of excess capacity,'' the St. Louis Fed president said.

Economists both inside and outside the Fed disagree on how low the jobless rate can fall without causing inflation pressures. The jobless rate dropped 1 percentage point over the past two years.

``The bulk of our productive resources that were underutilized following the 2001 recession are now back at work,'' Chicago Fed President Michael Moskow said earlier in the week. Wages will rise as the labor market tightens and Fed officials will need to watch wages for signs of inflation, he said.

Workers' average hourly earnings rose 3.4 percent in the 12 months ended in March, the Labor Department said yesterday. That's less than the 3.5 percent increase in the year ended in February and more than the 2.6 percent average year-over-year gains during the past two years.

`Weak' Relationship

``The relationship between inflation and the unemployment rate is very weak,'' Poole said.

The labor force participation rate -- or the proportion of the population either working or looking for work -- held at 66.1 percent last month, more than a full percentage point below the average of the past 10 years.

``There is a fair amount of elasticity in the labor force participation rate, so we could grow above population growth rates for some time,'' Poole said.

Poole may find some that colleagues disagree with him on that point. A paper by five Fed labor economists presented last month at the Brookings Institution, a research organization, argued that the labor force participation rate has declined because of demographic changes that won't reverse anytime soon. That means the economy doesn't have a lot of underused workers who can be drawn into the workforce as the economy grows.

Poole said payrolls can't grow by more than the monthly expansion in the labor force -- about 125,000 -- indefinitely, though the labor market isn't so tight that it's a problem now.

``So far, everything is fine, but we want to make sure it stays that way,'' Poole said when was asked about inflation. ``The economy is in solid shape. I would be more than delighted if we can bring the unemployment rate down some more, provided it doesn't raise a risk.''

 

[ntdz]

Originally posted by: WhipperSnapper

Originally posted by: ntdz

Go ahead and be skeptical, but don't tell me the economy isn't doing well when it clearly is. Can you show me a country, with a decently large population (30 million+), that has a better economy than ours, all things considered?

I might point towards Japan. However, using other nations as a standard isn't good since most nations are a mess. I wish I could answer your question but I can't due to a lack of knowledge on my part about the economies in other countries. However, I suspect that there are a couple nations where the average quality of life is higher (for a variety of reasons, some economic, some social).

Oh, I didn't know it takes a college education to answer phones all day for Dell or work in a factory producing Barbies.

I wish it were that simple. Unfortunately many of the jobs that are leaving do require college education, such as computer programming, engineering, science research, patent lawyering, financial analysis, accounting, and architectural design. Just about anything that isn't physically nailed down to the land and whose work product can pass through a phone wire can get offshored and the process is only in its mere infancy.

Our economy is three times bigger than Japan, our growth rate is about 1% higher than Japan, our GDP/Capita is $12,000 more than Japan, and our unemployment is comparable to Japan. Oh, and don't forget that their deficit ($325 billion in 2005?) is nearly as big as ours with 1/3 the economy of ours. Our economy is stronger.

90% (probably more actually) of the jobs being outsourced are jobs that don't require a college education. Most outsourced jobs are call center jobs or manufactoring jobs, both non skilled labor.

 

[dmcowen674]

Originally posted by: ntdz

Our economy is three times bigger than Japan, our growth rate is about 1% higher than Japan, our GDP/Capita is $12,000 more than Japan, and our unemployment is comparable to Japan. Oh, and don't forget that their deficit ($325 billion in 2005?) is nearly as big as ours with 1/3 the economy of ours. Our economy is stronger.

90% (probably more actually) of the jobs being outsourced are jobs that don't require a college education. Most outsourced jobs are call center jobs or manufactoring jobs, both non skilled labor.

:roll:

Bahahahaha typical of the Republicans to compare a small Island Nation with limited resources to the huge Continental, full of resources U.S.

 

[ntdz]

Originally posted by: dmcowen674

Originally posted by: ntdz

Our economy is three times bigger than Japan, our growth rate is about 1% higher than Japan, our GDP/Capita is $12,000 more than Japan, and our unemployment is comparable to Japan. Oh, and don't forget that their deficit ($325 billion in 2005?) is nearly as big as ours with 1/3 the economy of ours. Our economy is stronger.

90% (probably more actually) of the jobs being outsourced are jobs that don't require a college education. Most outsourced jobs are call center jobs or manufactoring jobs, both non skilled labor.

:roll:

Bahahahaha typical of the Republicans to compare a small Island Nation with limited resources to the huge Continental, full of resources U.S.

I didn't compare them, your buddy WhipperSnapper did. Now quit trolling and go away please.

 

[charrison]

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: WhipperSnapper

Remember--the unemployment rate doesn't tell us about Quality of Employment. Impoverished people have jobs too. Impoverished people in third world countries have jobs too. It's very conceivable that as a result of global labor wage arbitrage we could have 3% unemployment with the overwhelming majority of people being poor and with the wealthy taking most of the wealth produced.

Jobs Update: More Jobs for Bartenders, As Factory Workers Lose Jobs:

http://www.vdare.com/roberts/060310_jobs.htm

The Smoking Bottom Line: Immigration Boosting Profits, Cutting Wages

http://www.vdare.com/rubenstein/060406_nd.htm

Manufacting jobs are going away in the US and worldwide. Manufacting output has been expanding for over 30 months now, yet employment has been flat at best. Automaition is killing manufacturing jobs.

Automation might be keeping more here than it's killing. I can tell you first hand that more are going out of this country in automotive via offshoring than automation is killing, period. Opening 9 plants in Mexico in the past 6 years doesn't equal automation killing off the 6 US plants that my company has closed down. Automation might take a few jobs but it does keep plants open here and does help contribute to saving jobs, especially higher tech engineering type jobs. Your line of automation kills more jobs than offshoring is incorrect.

And even with that, US production of goods keeps rising in the US.

 

[charrison]

Originally posted by: dmcowen674

Originally posted by: charrison
Manufacting jobs are going away in the US and worldwide.

Manufacting output has been expanding for over 30 months now, yet employment has been flat at best. Automaition is killing manufacturing jobs.

You contradict yourself all the time, stumbling and falling all over your Republican proganda and agenda, it's unreal.

So are we sending automated Manufacturing jobs to another planet???

What planet are all the China and India imports coming from?

There is nothing wrong with automation as long as we use it at HOME.

And that probablye explains why we are making more goods yet employment in this sector is flat.

 

[Engineer]

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: WhipperSnapper

Remember--the unemployment rate doesn't tell us about Quality of Employment. Impoverished people have jobs too. Impoverished people in third world countries have jobs too. It's very conceivable that as a result of global labor wage arbitrage we could have 3% unemployment with the overwhelming majority of people being poor and with the wealthy taking most of the wealth produced.

Jobs Update: More Jobs for Bartenders, As Factory Workers Lose Jobs:

http://www.vdare.com/roberts/060310_jobs.htm

The Smoking Bottom Line: Immigration Boosting Profits, Cutting Wages

http://www.vdare.com/rubenstein/060406_nd.htm

Manufacting jobs are going away in the US and worldwide. Manufacting output has been expanding for over 30 months now, yet employment has been flat at best. Automaition is killing manufacturing jobs.

Automation might be keeping more here than it's killing. I can tell you first hand that more are going out of this country in automotive via offshoring than automation is killing, period. Opening 9 plants in Mexico in the past 6 years doesn't equal automation killing off the 6 US plants that my company has closed down. Automation might take a few jobs but it does keep plants open here and does help contribute to saving jobs, especially higher tech engineering type jobs. Your line of automation kills more jobs than offshoring is incorrect.

And even with that, US production of goods keeps rising in the US.

As are US profits while "real" wages (especially for those under 35) are sinking. On "average", wealth is growing for "one" class right now and it isn't the middle.


US productivity is also up meaning that the US workers are putting out more than ever before while receiving a smaller and smaller share for what they do.

Corportate profits were up 21% last year yet real wages were flatlined with inflation (if not below).

Global wage arbitrage indeed.

 

[charrison]

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: WhipperSnapper

Remember--the unemployment rate doesn't tell us about Quality of Employment. Impoverished people have jobs too. Impoverished people in third world countries have jobs too. It's very conceivable that as a result of global labor wage arbitrage we could have 3% unemployment with the overwhelming majority of people being poor and with the wealthy taking most of the wealth produced.

Jobs Update: More Jobs for Bartenders, As Factory Workers Lose Jobs:

http://www.vdare.com/roberts/060310_jobs.htm

The Smoking Bottom Line: Immigration Boosting Profits, Cutting Wages

http://www.vdare.com/rubenstein/060406_nd.htm

Manufacting jobs are going away in the US and worldwide. Manufacting output has been expanding for over 30 months now, yet employment has been flat at best. Automaition is killing manufacturing jobs.

Automation might be keeping more here than it's killing. I can tell you first hand that more are going out of this country in automotive via offshoring than automation is killing, period. Opening 9 plants in Mexico in the past 6 years doesn't equal automation killing off the 6 US plants that my company has closed down. Automation might take a few jobs but it does keep plants open here and does help contribute to saving jobs, especially higher tech engineering type jobs. Your line of automation kills more jobs than offshoring is incorrect.

And even with that, US production of goods keeps rising in the US.

As are US profits while "real" wages (especially for those under 35) are sinking. On "average", wealth is growing for "one" class right now and it isn't the middle.


US productivity is also up meaning that the US workers are putting out more than ever before while receiving a smaller and smaller share for what they do.

Corportate profits were up 21% last year yet real wages were flatlined with inflation (if not below).

Global wage arbitrage indeed.

Toital employee benefits are beating inflation, but runaway healthcare costs are eating up those gains. So yes, wages are flat, but benefits are up.

As far as corperate profits go, would you rather we return to an era where profits dont matter? Eventually those profits have to be reinvested and they will benefit everyone.


But as far as global arbitrage goes, it is failing as there is no race to the bottom. Rising wages is currently making their manufacturing base much less competative.

 

[Engineer]

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: WhipperSnapper

Remember--the unemployment rate doesn't tell us about Quality of Employment. Impoverished people have jobs too. Impoverished people in third world countries have jobs too. It's very conceivable that as a result of global labor wage arbitrage we could have 3% unemployment with the overwhelming majority of people being poor and with the wealthy taking most of the wealth produced.

Jobs Update: More Jobs for Bartenders, As Factory Workers Lose Jobs:

http://www.vdare.com/roberts/060310_jobs.htm

The Smoking Bottom Line: Immigration Boosting Profits, Cutting Wages

http://www.vdare.com/rubenstein/060406_nd.htm

Manufacting jobs are going away in the US and worldwide. Manufacting output has been expanding for over 30 months now, yet employment has been flat at best. Automaition is killing manufacturing jobs.

Automation might be keeping more here than it's killing. I can tell you first hand that more are going out of this country in automotive via offshoring than automation is killing, period. Opening 9 plants in Mexico in the past 6 years doesn't equal automation killing off the 6 US plants that my company has closed down. Automation might take a few jobs but it does keep plants open here and does help contribute to saving jobs, especially higher tech engineering type jobs. Your line of automation kills more jobs than offshoring is incorrect.

And even with that, US production of goods keeps rising in the US.

As are US profits while "real" wages (especially for those under 35) are sinking. On "average", wealth is growing for "one" class right now and it isn't the middle.


US productivity is also up meaning that the US workers are putting out more than ever before while receiving a smaller and smaller share for what they do.

Corportate profits were up 21% last year yet real wages were flatlined with inflation (if not below).

Global wage arbitrage indeed.

Toital employee benefits are beating inflation, but runaway healthcare costs are eating up those gains. So yes, wages are flat, but benefits are up.

As far as corperate profits go, would you rather we return to an era where profits dont matter? Eventually those profits have to be reinvested and they will benefit everyone.


But as far as global arbitrage goes, it is failing as there is no race to the bottom. Rising wages is currently making their manufacturing base much less competative.

Benefits plus wages are not even close to the percent gains in profits. Oh, I agree that profits matter but I also think that some of the profits should be returned to those workers (all levels, not just the top brass) that helped to create such profits (and I'm not talking UNION like here either as UNIONS are just as bad as politicans). And as for benefits, who says that we're not paying more and more (even more than wage gains themselves) for them? I know I am and I bet my company isn't the only one doing it.

Is there a race to the bottom? Probably not, more like a race to meet somewhere in the middle. Mexico's wages have not risen to any level like predicted when NAFTA was signed nor has the big surge or US products sold to Mexico. However, we sure are buying their stuff hand over fist and shipping jobs to them as quick as we can get the factory doors closed in the US and across the border.

Are those profits being invested in the US or are they being invested abroad in more offshore factories to help bring in more profits for the major shareholders of those companies (Just who is the major sharesholders in those companies anyway? It sure isn't John D. Middleclass).

Profits are up because US companies are using "cheap" foreign labor. You people may think that service jobs will be fine for the future. I, for one, am not one of them. As I recently read that every empire that fell relied on goods and services from those that they conquered before they fell, so goes the way of the US.....

 

[charrison]

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: Engineer

Originally posted by: charrison

Originally posted by: WhipperSnapper

Remember--the unemployment rate doesn't tell us about Quality of Employment. Impoverished people have jobs too. Impoverished people in third world countries have jobs too. It's very conceivable that as a result of global labor wage arbitrage we could have 3% unemployment with the overwhelming majority of people being poor and with the wealthy taking most of the wealth produced.

Jobs Update: More Jobs for Bartenders, As Factory Workers Lose Jobs:

http://www.vdare.com/roberts/060310_jobs.htm

The Smoking Bottom Line: Immigration Boosting Profits, Cutting Wages

http://www.vdare.com/rubenstein/060406_nd.htm

Manufacting jobs are going away in the US and worldwide. Manufacting output has been expanding for over 30 months now, yet employment has been flat at best. Automaition is killing manufacturing jobs.

Automation might be keeping more here than it's killing. I can tell you first hand that more are going out of this country in automotive via offshoring than automation is killing, period. Opening 9 plants in Mexico in the past 6 years doesn't equal automation killing off the 6 US plants that my company has closed down. Automation might take a few jobs but it does keep plants open here and does help contribute to saving jobs, especially higher tech engineering type jobs. Your line of automation kills more jobs than offshoring is incorrect.

And even with that, US production of goods keeps rising in the US.

As are US profits while "real" wages (especially for those under 35) are sinking. On "average", wealth is growing for "one" class right now and it isn't the middle.


US productivity is also up meaning that the US workers are putting out more than ever before while receiving a smaller and smaller share for what they do.

Corportate profits were up 21% last year yet real wages were flatlined with inflation (if not below).

Global wage arbitrage indeed.

Toital employee benefits are beating inflation, but runaway healthcare costs are eating up those gains. So yes, wages are flat, but benefits are up.

As far as corperate profits go, would you rather we return to an era where profits dont matter? Eventually those profits have to be reinvested and they will benefit everyone.


But as far as global arbitrage goes, it is failing as there is no race to the bottom. Rising wages is currently making their manufacturing base much less competative.

Benefits plus wages are not even close to the percent gains in profits. Oh, I agree that profits matter but I also think that some of the profits should be returned to those workers (all levels, not just the top brass) that helped to create such profits (and I'm not talking UNION like here either as UNIONS are just as bad as politicans). And as for benefits, who says that we're not paying more and more (even more than wage gains themselves) for them? I know I am and I bet my company isn't the only one doing it.

Is there a race to the bottom? Probably not, more like a race to meet somewhere in the middle. Mexico's wages have not risen to any level like predicted when NAFTA was signed nor has the big surge or US products sold to Mexico. However, we sure are buying their stuff hand over fist and shipping jobs to them as quick as we can get the factory doors closed in the US and across the border.

Are those profits being invested in the US or are they being invested abroad in more offshore factories to help bring in more profits for the major shareholders of those companies (Just who is the major sharesholders in those companies anyway? It sure isn't John D. Middleclass).

Profits are up because US companies are using "cheap" foreign labor. You people may think that service jobs will be fine for the future. I, for one, am not one of them. As I recently read that every empire that fell relied on goods and services from those that they conquered before they fell, so goes the way of the US.....

That might be true, but our manufacturing is not getting weaker, it is getting a stronger. Much like farming most of our manufacturing will done with only a few percent of populaiton and this is going to be worldwide trend, not the just the US.
Nafta has not reduced employment or wages in the US. Mexico has seen some improvement of their economy since nafta(i posted such an article a couple of weeks ago). Things are not nearly as bad as you seem to think they are.

 

[jlmadyson]

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

 

[bctbct]

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.[/

This is correct, and Georgia is giving tax incentives to the tune of roughly 23K per worker.

 

[nergee]

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

And Toyota is set to open up 3 new assembly plants in the next two years and are looking
at sites for a new engine plant with one of them right in the Big 3's backyard....Michigan.......

 

[Strk]

Originally posted by: nergee

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

And Toyota is set to open up 3 new assembly plants in the next two years and are looking
at sites for a new engine plant with one of them right in the Big 3's backyard....Michigan.......

Yeah, but you have to put a little perspective on things. GM has nearly 80 plants, with many of them older than the people posting on this board, while Toyota, the largest of the foreign companies, I believe, has around 10. Toyota also has a fraction of the workforce GM has in the U.S. and their legacy costs aren't even close.

 

[Engineer]

Originally posted by: Strk

Originally posted by: nergee

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

And Toyota is set to open up 3 new assembly plants in the next two years and are looking
at sites for a new engine plant with one of them right in the Big 3's backyard....Michigan.......

Yeah, but you have to put a little perspective on things. GM has nearly 80 plants, with many of them older than the people posting on this board, while Toyota, the largest of the foreign companies, I believe, has around 10. Toyota also has a fraction of the workforce GM has in the U.S. and their legacy costs aren't even close.

While true, Toyota directly and indirectly (through suppliers) accounts for over 250,000 jobs. The new Kia plant in Georgia is to employee 3,000 employees but is expected to secure or create up to 20,000 new supplier jobs. Nothing to complain about. I would rather see foreign automakers employeeing US workers and sending profits home as to see US automakers employeeing foreign workers just to make a bigger profit at home.

 

[dmcowen674]

Originally posted by: Strk

Originally posted by: nergee

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

And Toyota is set to open up 3 new assembly plants in the next two years and are looking
at sites for a new engine plant with one of them right in the Big 3's backyard....Michigan.......

Yeah, but you have to put a little perspective on things. GM has nearly 80 plants, with many of them older than the people posting on this board, while Toyota, the largest of the foreign companies, I believe, has around 10. Toyota also has a fraction of the workforce GM has in the U.S. and their legacy costs aren't even close.

GM's CEO was on the Political TV show circuit this weekend saying Bankruptcy is not an option for GM, I wouldn't be surprised if they announce Bankruptcy tomorrow morning or very soon.

 

[nergee]

Originally posted by: dmcowen674

Originally posted by: Strk

Originally posted by: nergee

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

And Toyota is set to open up 3 new assembly plants in the next two years and are looking
at sites for a new engine plant with one of them right in the Big 3's backyard....Michigan.......

Yeah, but you have to put a little perspective on things. GM has nearly 80 plants, with many of them older than the people posting on this board, while Toyota, the largest of the foreign companies, I believe, has around 10. Toyota also has a fraction of the workforce GM has in the U.S. and their legacy costs aren't even close.

GM's CEO was on the Political TV show circuit this weekend saying Bankruptcy is not an option for GM, I wouldn't be surprised if they announce Bankruptcy tomorrow morning or very soon.

Probably not as soon as tomorrow, but it will be closer after this.....and the
kicker is "excluding labor".. something the Big 3 has never heard of in their failed
cost cutting ventures.........

 

[charrison]

Originally posted by: nergee

Originally posted by: dmcowen674

Originally posted by: Strk

Originally posted by: nergee

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

And Toyota is set to open up 3 new assembly plants in the next two years and are looking
at sites for a new engine plant with one of them right in the Big 3's backyard....Michigan.......

Yeah, but you have to put a little perspective on things. GM has nearly 80 plants, with many of them older than the people posting on this board, while Toyota, the largest of the foreign companies, I believe, has around 10. Toyota also has a fraction of the workforce GM has in the U.S. and their legacy costs aren't even close.

GM's CEO was on the Political TV show circuit this weekend saying Bankruptcy is not an option for GM, I wouldn't be surprised if they announce Bankruptcy tomorrow morning or very soon.

Probably not as soon as tomorrow, but it will be closer after this.....and the
kicker is "excluding labor".. something the Big 3 has never heard of in their failed
cost cutting ventures.........

While the big 3 thee manage to keep trailing toyota in effeciency, they have not been falling father behind. I know is currently working to reduce the number of parts they have to produce. For instance up until this year the f-150 and expeidition share few common parts, now they use about 90% of the same parts. They are doing this accorss all product lines. But I cant imagine why they did not do this from the start.

 

[jlmadyson]

Originally posted by: nergee

Originally posted by: jlmadyson

Originally posted by: nergee
.....more are going out of this country in automotive via offshoring than automation is killing, period.......

May be true for the Big 3 but the Japanese/Asian automakers seem be be expanding manufacturing and hiring here in the U.S.

Yea, KIA setting up a shop in Georgia the last I heard as well.

And Toyota is set to open up 3 new assembly plants in the next two years and are looking
at sites for a new engine plant with one of them right in the Big 3's backyard....Michigan.......

Wasn't aware of that.