"Recovery Summer"

[spence]

The recent numbers are not good, but when you factor in continued high gas prices and global disruption caused by the nuke disaster and other events this spring there's reason for numbers to be where they are.

The same report by the government also indicated that business investment continuing to be up as companies seek to increase productivity. Hell, the North East is seeing a lot of growth in the aerospace industry keeps cranking out the orders for more aircraft. Parts suppliers in CT are experiencing record earnings.

So the GDP alone isn't reassuring but it's also not all bad.

To be honest I haven't seen anyone this giddy over bad news since Moveon.org mocked Gen. Petraeus.

-spence

[striperman36]

Where are the manufacturing plants though Spence? Off-shore?

[spence]

Originally Posted by striperman36

Where are the manufacturing plants though Spence? Off-shore?

A lot of aero manufacturing is done in CT, PA, NY. Some also have offshore plants but the engineering is done in the US. A huge % of the entire aero supply chain is US based...Granted, it's one industry of many, but they're doing well.

The good/bad element is that companies want to increase throughput without adding burden (i.e. staff) so they're investing in technology to make their existing workforce more productive. There are manufacturing jobs being added, but not at the rate required before.

-spence

[striperman36]

Originally Posted by spence

A lot of aero manufacturing is done in CT, PA, NY. Some also have offshore plants but the engineering is done in the US. A huge % of the entire aero supply chain is US based...Granted, it's one industry of many, but they're doing well.

The good/bad element is that companies want to increase throughput without adding burden (i.e. staff) so they're investing in technology to make their existing workforce more productive. There are manufacturing jobs being added, but not at the rate required before.

-spence

time to start coding more.

[spence]

Originally Posted by striperman36

time to start coding more.

It's interesting to look at the history...

Back in the day a machinist would pretty much do everything by hand. I remember a plant one time (they made aftermarket piston aircraft engines) had all these old lathes from WW2 used to turn tank cam shafts...wow, these things were big.

Then NC programming came about and you'd program a routine by tape.

Then even that got computerized (CNC) but the machinist still has final control. This is how most stuff is done today.

The trend in more tightly regulated industries is now to do everything in CAM software and not modify the code at the machine. It makes sense in some applications (for instance you may be required to know exactly which program made which part years later) but also really takes away from the artistry of the job.

So even though the factory isn't a bunch of robots, the job functions have shifted and become more technical as a result. The technology also allows companies to get better utilization from their production equipment so more parts can be cut without adding a lot of people.

Again, this is just one example, but I think a part of the unemployment problem we have right now is simply a correction as technology is becoming more advanced.

-spence

[scottw]

Originally Posted by spence

A lot of aero manufacturing is done in CT, PA, NY. Some also have offshore plants but the engineering is done in the US. A huge % of the entire aero supply chain is US based...Granted, it's one industry of many, but they're doing well.

Again, this is just one example, but I think a part of the unemployment problem we have right now is simply a correction as technology is becoming more advanced. business aren't "not" hiring because of technology advancements...they're not hiring because the business climate is so uncertain with the knucklehead currently in the Whitehouse...go back and read the comments from the various business leaders that had a lot to say about this

-spence

any actual evidence of this and whether it wll have any real impact? Who is "they"? I did a little searching and...maybe in your little sphere this is true and makes you giddy, but there is nothing to support that this is any kind of positive sign of either a turn around in the economy or a signal that jobs are being or will be created....I'm sure there's a pastry business out there doing well too...but it doesn't mean much in the overall scheme of things...

[scottw]

from the list of top 6 "industries hiring" in 2011


number two....

2. Federal government
While local and state governments have seen their budgets slashed, there's no recession at the federal level. Between new government programs and a wave of baby-boomer civil servants who are retiring, hiring will be huge in government for the next couple of years. It's forecast that 600,000 need to be hired by 2013.

[spence]

Originally Posted by scottw

business aren't "not" hiring because of technology advancements...they're not hiring because the business climate is so uncertain with the knucklehead currently in the Whitehouse.

Uncertainty is one factor.

The bigger picture is a global economy that's bringing tens of millions into the middle class. A lot of those manufacturing and white collar jobs aren't being shipped to China because it's cheaper...it's just that's now where the customer is.

Be it Obama or McCain as POTUS the picture would look pretty much the same on most fronts.

I work across manufacturing industries and have a pretty good position to see what's going on. Innovative companies are doing well, those that sit still are just getting by.

-spence

[justplugit]

Originally Posted by spence

Hell, the North East is seeing a lot of growth in the aerospace industry keeps cranking out the orders for more aircraft.

-spence

Good news, but how will this continue when Obama wants to put more taxes
on Jet owning companies and individuals?

How will that help the little growth we are seeing in that industry.

[scottw]

Originally Posted by spence

The recent numbers are not good brilliant!!!, but when you factor in continued high gas prices and global disruption caused by the nuke disaster and other events this spring there's reason for numbers to be where they are . HUH?
The same report(the report that we just established is worthless and mostly wrong) by the government also indicated that business investment continuing to be up as companies seek to increase productivity. Hell, the North East is seeing a lot of growth in the aerospace industry keeps cranking out the orders for more aircraft. Parts suppliers in CT are experiencing record earnings.

So the GDP alone isn't reassuring (SPENCE"S IRA is "reassuring"...for now...) but it's also not all bad. mostly

To be honest I haven't seen anyone this giddy over bad news since Moveon.org mocked Gen. Petraeus.

-spence

not giddy...just realistic.... and having to constantly point out that when you, Obama or the administration claim something...the opposite is usually true

[detbuch]

Originally Posted by spence

The same report by the government also indicated that business investment continuing to be up as companies seek to increase productivity. Hell, the North East is seeing a lot of growth in the aerospace industry keeps cranking out the orders for more aircraft. Parts suppliers in CT are experiencing record earnings.

So the GDP alone isn't reassuring but it's also not all bad.

-spence

Have you recovered from your gloomy episode a few days ago in "THE SPEECH" thread where you felt that "Real wages continue to lag inflation for several decades now. Wealth generation appears to be more of a product of speculation than productivity in the marketplace"?

Or are you just changing your tone to suit your argument?

[spence]

Originally Posted by detbuch

Have you recovered from your gloomy episode a few days ago in "THE SPEECH" thread where you felt that "Real wages continue to lag inflation for several decades now. Wealth generation appears to be more of a product of speculation than productivity in the marketplace"?

Or are you just changing your tone to suit your argument?

The context for the two remarks are completely different.

-spence