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By looking at where things are made rather than by using hedonic adjustments to multiply up INTC revenue until it hides the problem (or whatever the strategy is
by smallmancontrov 2y ago
By looking at where things are made rather than by using hedonic adjustments to multiply up INTC revenue until it hides the problem (or whatever the strategy is today now that INTC is flagging).
- bandrami 2y agoRight, doing that shows US industrial output to be at its highest level ever.
- uoaei 2y agoMade or assembled?
- bandrami 2y agoI mean, both? We actually track this stuff, you know? Or at least we did until DOGE fired everybody who does that
- uoaei 2y agoThen what is the breakdown between products manufactured here and those merely assembled?
- bandrami 2y agoAssembly is one example of manufacture, so that distinction isn't really the one you think it is. Output is tracked by value added, so the mythical "car comes missing a single bolt which gets added in Flint" doesn't really show up in the output numbers, if that's your worry.
- uoaei 2y agoDo you think that's a reasonable way to measure abd report manufacturing output? Is laying our heads at the GDP idol's feet a reasonable measure of what these activities contribute to national welfare?
- bandrami 2y agoGDP is a pretty good measure of national incomes and, yes, I think income is a good number to look at if you're judging welfare.
- smallmancontrov 2y agoOh, you're one of the people who believes the "Made in America" stickers. That explains a lot.