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Leaders from both parties in US government agree that global trade needs to be rebalanced behind closed doors; I have videos of Pelosi and Schumer supporting ta

Leaders from both parties in US government agree that global trade needs to be rebalanced behind closed doors; I have videos of Pelosi and Schumer supporting tariffs to balance trade deficits with China specifically. For all of the talk about “reserve currency” it doesn’t really seem like sitting back and doing nothing will prevent global trade in RMB, euro, or some BRICS currency, which is increasing every year. So if we’re going to get to that state eventually anyways, might as well start preparing for it now. For all of the whining about the previous tariffs from the first Trump term, or the TCJA, neither were repealed when democrats had the opportunity, although there were small adjustments. That should really tell you all that you need to know. It turns out that manufacturing jobs are better for supporting a family than service jobs, hollowing out our economy so there are far less good paying manufacturing jobs turned out to be a huge mistake, originally pushed by CFR, Cato, Brookings, etc. so the only people who are doing well are the rich, because the benefits of global trade accrue almost exclusively to them (although many CPI advocates will make the argument that you’re better off now because you can own a nice cell phone even though you can’t own a house) The public BSing goes the other way too of course. Imagine getting worked up over classified stuff on a private email server and then letting your cabinet use signal and Gmail.

wesapien 2y ago
https://x.com/_PeterRyan/status/1907879785151475801 https://x.com/_PeterRyan/status/1907879785151475801 Protectionism is like child rearing. You're trying to protect the young (industry) so they survive to adulthood. The tarrifs are too broad. How the hell are you going to sell goods from HCOL area to the rest of the less affluent world? Even if some countries could afford it, how are you going to get goods across burned bridges?
lovich 2y ago
> It turns out that manufacturing jobs are better for supporting a family than service jobs, Why? I hear this implied, or outright said in your case, frequently with no backing for it. It seems like a truism.
- jerkstate 2y ago
  https://www.bls.gov/charts/employment-situation/employment-and-average-hourly-earnings-by-industry-bubble.htm https://www.bls.gov/charts/employment-situation/employment-a...
  - lovich 2y ago
    Can you lay out your conclusions since this chart doesn’t have groups matching 1:1 with the conversation
    - jerkstate 2y ago
      I really appreciate you following up with a cordial tone, it's so nice to have a respectful conversation with a stranger on the internet in this day and age. So, this chart has job numbers and count for the following resource extraction/manufacturing related fields with the following average hourly pay and the number of people employed in that field today: Manufacturing: $35.16 - 12,746k Mining and logging: $40.33 - 623k Construction: $39.24 - 8,313k Transportation and warehousing: $31.19 - 6,738k The weighted average of this category is $35.53 per hour. In general, these jobs can mostly be performed without a college degree. Contrast that with service jobs that can broadly be performed with a college degree: Retail trade: $25.18 - 15,595k Leisure and hospitality: $22.75 - 16,991k Other services: $32.39 - 6,036k The average hourly rate for this class of jobs is $25.24. So, on average, manufacturing and extraction jobs not requiring a college education pay 40% more than service jobs of the same requirements. I'm not one of those people like the top poster who thinks that everyone can just go get a college degree and become an accountant or a nurse. I think there are a lot of people out there who can follow instructions to work machinery reasonably well, but aren't going to be a great fit for jobs that require a substantial education. These people are the majority - about 62% of US adults are not college educated. We either owe them dignified employment, or in a democracy, we will suffer their wrath.
      - lovich 2y ago
        >I really appreciate you following up with a cordial tone, it's so nice to have a respectful conversation with a stranger on the internet in this day and age. This feels sarcastic?, but I'll assume it isn't for the sake of the conversation and since that's easy to misinterpret over text > In general, these jobs can mostly be performed without a college degree. > Contrast that with service jobs that can broadly be performed with a college degree: Are these not apple to oranges comparisons? "can mostly be performed without a college degree" and "service jobs that can broadly be performed with a college degree" seem like different buckets. On top of that "can broadly be performed with a college degree" means nothing. You could describe people in comas as being able to "broadly perform a coma with a college degree". Especially when retail is being pulled up as one of the major buckets. >So, on average, manufacturing and extraction jobs not requiring a college education pay 40% more than service jobs of the same requirements. Yea again, this is disingenuous. You're now comparing "manufacturing and extraction jobs not requiring a college education" with "service jobs of the same requirements" but mere sentences ago you were bringing up data on manufacturing jobs that _did not_ need a college degree, and numbers on service jobs that _did_ need a college degree. I know believe the numbers in this link aren't matching up with this conversation because they are logically inconsistent

wesapien 2y ago

https://x.com/_PeterRyan/status/1907879785151475801 https://x.com/_PeterRyan/status/1907879785151475801 Protectionism is like child rearing. You're trying to protect the young (industry) so they survive to adulthood. The tarrifs are too broad. How the hell are you going to sell goods from HCOL area to the rest of the less affluent world? Even if some countries could afford it, how are you going to get goods across burned bridges?

lovich 2y ago

> It turns out that manufacturing jobs are better for supporting a family than service jobs, Why? I hear this implied, or outright said in your case, frequently with no backing for it. It seems like a truism.

jerkstate 2y ago
https://www.bls.gov/charts/employment-situation/employment-and-average-hourly-earnings-by-industry-bubble.htm https://www.bls.gov/charts/employment-situation/employment-a...
- lovich 2y ago
  Can you lay out your conclusions since this chart doesn’t have groups matching 1:1 with the conversation
  - jerkstate 2y ago
    I really appreciate you following up with a cordial tone, it's so nice to have a respectful conversation with a stranger on the internet in this day and age. So, this chart has job numbers and count for the following resource extraction/manufacturing related fields with the following average hourly pay and the number of people employed in that field today: Manufacturing: $35.16 - 12,746k Mining and logging: $40.33 - 623k Construction: $39.24 - 8,313k Transportation and warehousing: $31.19 - 6,738k The weighted average of this category is $35.53 per hour. In general, these jobs can mostly be performed without a college degree. Contrast that with service jobs that can broadly be performed with a college degree: Retail trade: $25.18 - 15,595k Leisure and hospitality: $22.75 - 16,991k Other services: $32.39 - 6,036k The average hourly rate for this class of jobs is $25.24. So, on average, manufacturing and extraction jobs not requiring a college education pay 40% more than service jobs of the same requirements. I'm not one of those people like the top poster who thinks that everyone can just go get a college degree and become an accountant or a nurse. I think there are a lot of people out there who can follow instructions to work machinery reasonably well, but aren't going to be a great fit for jobs that require a substantial education. These people are the majority - about 62% of US adults are not college educated. We either owe them dignified employment, or in a democracy, we will suffer their wrath.
    - lovich 2y ago
      >I really appreciate you following up with a cordial tone, it's so nice to have a respectful conversation with a stranger on the internet in this day and age. This feels sarcastic?, but I'll assume it isn't for the sake of the conversation and since that's easy to misinterpret over text > In general, these jobs can mostly be performed without a college degree. > Contrast that with service jobs that can broadly be performed with a college degree: Are these not apple to oranges comparisons? "can mostly be performed without a college degree" and "service jobs that can broadly be performed with a college degree" seem like different buckets. On top of that "can broadly be performed with a college degree" means nothing. You could describe people in comas as being able to "broadly perform a coma with a college degree". Especially when retail is being pulled up as one of the major buckets. >So, on average, manufacturing and extraction jobs not requiring a college education pay 40% more than service jobs of the same requirements. Yea again, this is disingenuous. You're now comparing "manufacturing and extraction jobs not requiring a college education" with "service jobs of the same requirements" but mere sentences ago you were bringing up data on manufacturing jobs that _did not_ need a college degree, and numbers on service jobs that _did_ need a college degree. I know believe the numbers in this link aren't matching up with this conversation because they are logically inconsistent