Trade War

[The Dad Fisherman]

Originally Posted by Pete F.

If the goal of Trump’s trade war is to move more jobs back to the USA, given that we are close to full employment, how does that gain us anything? Where will more workers come from? What’s the plan?

Isn't one of the complaints being bandied about lately been that unemployment numbers look good but the jobs are low wage jobs?

Wouldn't the jobs coming back to the US be more in the vain of skilled labor/Manufacturing jobs.

And if there are more jobs than people to fill them, wouldn't that cause employers to pay more to secure labor for those jobs, thus raising the average wages being paid.

Wasn't that another complaint that everybody was harping on as well.
Posted from my iPhone/Mobile device

[spence]

Originally Posted by The Dad Fisherman

Isn't one of the complaints being bandied about lately been that unemployment numbers look good but the jobs are low wage jobs?

Wouldn't the jobs coming back to the US be more in the vain of skilled labor/Manufacturing jobs.

And if there are more jobs than people to fill them, wouldn't that cause employers to pay more to secure labor for those jobs, thus raising the average wages being paid.

Wasn't that another complaint that everybody was harping on as well.
Posted from my iPhone/Mobile device

If you move manufacturing from a cheaper country to the US it's just going to shift the burden onto the consumer unless it's something Americans really can produce better. But, in the US manufacturing tends to favor automation over labor so you may have higher skilled jobs but there are less of them. Retaliatory tariffs also mean less US exports for the goods produced here. The global economic growth has been largely led by emerging nations, you're just going to box yourself out of those markets.

And we're still waiting for the wage growth from tax cuts and full employment to materialize.

[Jim in CT]

Originally Posted by spence

If you move manufacturing from a cheaper country to the US it's just going to shift the burden onto the consumer unless it's something Americans really can produce better. But, in the US manufacturing tends to favor automation over labor so you may have higher skilled jobs but there are less of them. Retaliatory tariffs also mean less US exports for the goods produced here. The global economic growth has been largely led by emerging nations, you're just going to box yourself out of those markets.

And we're still waiting for the wage growth from tax cuts and full employment to materialize.

"If you move manufacturing from a cheaper country to the US it's just going to shift the burden onto the consumer "

I see. So you want all the manufacturing jobs brought back here, you want them to pay wages that will allow American workers to be comfortable, but you don't want prices to increase. You people like to shift the goalposts around, don't you?

"And we're still waiting for the wage growth from tax cuts and full employment to materialize"

If you are indeed waiting for that, I have great news for you. Wages up, tax rates down. Hard not to like that. Unless your agenda is something other than what you claim that it is, perhaps??

https://www.usatoday.com/story/money...-far/36579285/

[spence]

Originally Posted by Jim in CT

I see. So you want all the manufacturing jobs brought back here, you want them to pay wages that will allow American workers to be comfortable, but you don't want prices to increase. You people like to shift the goalposts around, don't you?

Not sure you're responding to my post.

If you are indeed waiting for that, I have great news for you. Wages up, tax rates down. Hard not to like that. Unless your agenda is something other than what you claim that it is, perhaps??

Jim, you're link is citing a Glassdoor report. Do you know what Glassdoor even is?

Might want to look at the actual government statistics...

https://www.bls.gov/news.release/empsit.nr0.htm

Good wage growth has typically been 3.5% which we're well below.

[Jim in CT]

Originally Posted by spence

Not sure you're responding to my post.


Jim, you're link is citing a Glassdoor report. Do you know what Glassdoor even is?

Might want to look at the actual government statistics...

https://www.bls.gov/news.release/empsit.nr0.htm

Good wage growth has typically been 3.5% which we're well below.

"Not sure you're responding to my post"

Then let me clear it up, I was responding exactly to what you posted...that if manufacturing jobs come back, prices will have to increase. I thought liberals wanted manufacturing jobs to come back?

"Jim, you're link is citing a Glassdoor report. Do you know what Glassdoor even is?

I think I do. I also know that USA Today isn't a right-wing rag. It can't be correct if it's from Glassdoor? Then show me the flaw in their data, please?

It's not wrong, just because you desperately want it to be wrong.

[Jim in CT]

Originally Posted by spence

Not sure you're responding to my post.


Jim, you're link is citing a Glassdoor report. Do you know what Glassdoor even is?

Might want to look at the actual government statistics...

https://www.bls.gov/news.release/empsit.nr0.htm

Good wage growth has typically been 3.5% which we're well below.

I took a quick look at your link, didn't see anything in there about wages, must have missed it.

[Pete F.]

Originally Posted by Jim in CT

I took a quick look at your link, didn't see anything in there about wages, must have missed it.

In June, average hourly earnings for all employees on private nonfarm payrolls rose by
5 cents to $26.98. Over the year, average hourly earnings have increased by 72 cents,
or 2.7 percent. Average hourly earnings of private-sector production and nonsupervisory
employees increased by 4 cents to $22.62 in June. (See tables B-3 and B-8.)

[Pete F.]

Originally Posted by The Dad Fisherman

Isn't one of the complaints being bandied about lately been that unemployment numbers look good but the jobs are low wage jobs?

Wouldn't the jobs coming back to the US be more in the vain of skilled labor/Manufacturing jobs.

And if there are more jobs than people to fill them, wouldn't that cause employers to pay more to secure labor for those jobs, thus raising the average wages being paid.

Wasn't that another complaint that everybody was harping on as well.
Posted from my iPhone/Mobile device

Sounds about right but when a new business comes to an area, I always hear that the new business creates x jobs but support and supply for the new jobs creates x times y jobs.
This is interesting, I found these while looking for the support and supply factor.
https://www.bloomberg.com/view/artic...p-s-tough-talk
https://www.bcg.com/publications/201...ica-again.aspx