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False, USA has a big problem with manufacturing. All US jobs are service jobs to prop up consumer economy, that have no strategic benefit. A lot of fake employ
by slt2021 2y ago
False, USA has a big problem with manufacturing. All US jobs are service jobs to prop up consumer economy, that have no strategic benefit.
A lot of fake employment and low productivity jobs are in the government/NGO sector, paper pushers, DEI jobs, law/compliance type jobs - that should have been manufacturing jobs instead.
USA has no shipyards and infrastructure is crumbling precisely because of misallocation of resources and labor
- astrange 2y ago> USA has no shipyards and infrastructure is crumbling precisely because of misallocation of resources and labor That's because of the Jones Act and other poorly designed protectionism.
- redmajor12 2y agoHow is the Jones Act responsible for the failure of domestic ship building? Seems like the Jones Act didn't go far enough if we really cared about a strong domestic ship building industry.
- astrange 2y agoIf it went even further the demand for ships would be even lower. You want to copy what South Korea did, which is basically the opposite approach.
- cyberax 2y agoDEI jobs and the _total_ NGOs employment are basically nothing in the overall employment. Less than 1%. Heck, the _whole_ Federal government workforce is less than 2% of the total workforce. > USA has no shipyards and infrastructure is crumbling precisely because of misallocation of resources and labor Yes, and you have tariffs to thank for this. The Jones Act requires US-built ships for any ship traffic within the US waters. So the shipbuilders were insulated from competition and just degraded into Defense contract moochers.
- slt2021 2y agoif shipbuilders were not insulated from competition, they would have offshored their manufacturing long time ago and sold out to Hyundai or some other foreign conglomerate. (just like the rest of manufacturing left USA in 80s-90s) Jones Act is the reason US has at least some form of domestic shipbuilding
- cyberax 2y agoThe US domestic civilian shipbuilding doesn't exist. It's dead and already smelling. For example, the Washington state needs new ferries, and their cost is literally almost 10x than the cost for the similar ferries produced in Turkey for the nearby Vancouver, BC. With this kind of cost gap, there is simply nobody who would buy the US ships unless they _have_ to. Without the Jones Act, the shipbuilders would have adapted long ago to produce high-margin high-tech components for the ships for the international market. And likely in larger quantities than they do currently.