A NATION OF TRUCK DRIVERS

Oh how the country has changed in the last 36 years. We were a nation of farmers, secretaries, and machine operators in 1978. The family farmer was still the backbone in the Northern Plains and Midwest. The internet didn’t exist, so letters needed to be typed, copies made, mail distributed, dictation taken, and coffee brewed. So every business was loaded with secretaries. The country still manufactured goods here in 1978. We sold  them domestically and internationally. Globalization and NAFTA hadn’t become the buzz words of Ivy League educated MBA’s yet.

A look at the most common jobs today reveals how the country has changed.

Corporations bought up most of the family farms and older farmers died off. Independent farmers are now a dying breed. The internet all but eliminated the need for secretaries. They became the buggy whip of the 21st Century. There is no need for machine operators when all the machines and manufacturing plants are located in China, Vietnam, and the rest of Southeast Asia. The Ivy League MBAs gutted American manufacturing and sent all the jobs to Asia, where they could produce the same products 80% cheaper and drive their corporate profits sky high, along with their own stock based compensation. So we are left with a nation of truck drivers transporting cheap Chinese produced crap to the millions of retail outlets, where the low wage slaves borrow to buy the crap. The American Dream achieved in 36 short years.

This is how you turn a nation of producers into a nation of consumers. And it couldn’t have been accomplished without the prodigious amounts of debt aided, abetted and distributed by the Federal Reserve and their Wall Street owners.

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Llpoh
Llpoh
February 21, 2015 8:10 pm

BTW – fuck balance. Balance is for pussies. TBP needs fights!

SSS
SSS
February 21, 2015 8:17 pm

“The future is the exportation of food.”
—-Llpoh

Bingo.

I’m with Llpoh on this entire thread. Admin has been destroyed, We got the planet by the balls(exportation of food). And here come the GMO foodies to fuck up the equation.

Bea Lever
Bea Lever
February 21, 2015 9:18 pm

Llpoh says – 80% lost (jobs) to efficiency and 20% lost ( jobs) to export.

Double, triple bullshit. Where did you get these figures ??

llpoh
llpoh
February 21, 2015 9:29 pm

Bea – educated guess. I have already established efficiencies caused the demise of mfg jobs.

Admin is trying to tie all jobs exported – I do not believe his graph as no true numbers exist – to manufacturing. So sorry, does not work that way.

30 million jobs represents 20 percent of the workforce. If they were all mfg jobs then we would actually be less efficient than we were forty years ago. Hell, according to Admin, we have exported more jobs than there are people to do them. What a joke.

Mfg share was around 35% in 1955 and 22per cent in 75. Admin is full of shite. Straight line drop.

When SSS agrees with me, I know I have won. Cone to think of it, when he disagrees with me, I know I gave won, too.

I always win.

llpoh
llpoh
February 21, 2015 9:36 pm

Bea – I am one of those folks qualified to render expert opinion in this area. Senior manager multinational corps, advanced degree in mfg, forty years experience, owner of successful business, turnaround expert in mfg.

Admin knows he is outgunned here. Same way I am in banking. He is trying to irritate me. He us a gnat on the asd of greatness.

Stucky
Stucky
February 21, 2015 9:39 pm

Admin’s graphs trump Loopy’s words.

Admin wins.

And Loopy kant spel.

bb
bb
February 21, 2015 9:54 pm

Lipoh logic and business thinking win over your words and admins graphics.

llpoh
llpoh
February 21, 2015 10:08 pm

Stuck – part of the problem is I am on a damp bberry that auto corrects. The other part is I cannot spell.

Admin’s graphs do not address the issue.

There is one graph I cannot post because I am on a phone. Look it up yourself. It shows a straight non-varying line of reduction in mfg employees as percent if total from 1955 to the present. For 60 years mfg employment share has dropped at a steady rate. It is because of a never ending improvement in efficiencies – fewer people are required to name the same amount of widgets. It is indisputable. Industry just does not get less efficient.

How anyone can even suggest that outsourcing has had a greater impact is beyond me. One graph tells it all.

Admin’s graphs do not address that issue. Mor has anyone acknowledged the role of private debt.

Seems folks are too close minded to learn anything anymore. If the facts do not suit their narrative, they reject the facts in preference to fantasy.

Man, that defines sheeple.

There is plenty of blame to go around re the trouble that has risen. But it is important to differentiate between what actually happened and what we want to believe happened.

Globalisation did not kill manufacturing – automation did.

But globalization/offshoring will kill what is left.

Bea Lever
Bea Lever
February 21, 2015 10:11 pm

Stucky

Somebody has had a few too many drinky poos tonight.

Stucky
Stucky
February 21, 2015 10:51 pm

Llpoh makes a significant comeback with his last post.

However, that is negated because bb is on his side. Seriously bad karma, Llpoh, having him on your side.

.
Gotta take a hot Epsom salt bath. Just came in from shoveling. About 5 inches … but the last two hours it’s been freezing rain … snow weighs a ton, and I’m drenched … the rain went right through my ski jacket and my flannel shirt.

Have a good night. Nice debate, too.

Llpoh
Llpoh
February 21, 2015 11:01 pm

Here is a graph that explains it, if it shows up. Basically, there has been a steady drop in mfg employees as a share of the workforce, but wonder of wonders – a lower per cent in manufacturing manage to – gasp – produce the same overall GDP percentage year after year! How is that possible! We are sending jobs overseas, right? So the drop in mfg as a percentage should be matched by a corresponding drop in GDP – right?

But it did not happen. Manufacturing employment as a percentage of employees dropped – but manufacturing as a percentage of GDP did not. Because more was made by fewer.

I win.

[img]http://econbrowser.com/archives/2014/03/graphs-of-key-economic-trends[/img]

Llpoh
Llpoh
February 21, 2015 11:05 pm

Fuck, I knew I would not be able to post pics.

Anyway the chart shows a decreasing percent of people in mfg but no change to the per cent of GDP produced by mfg.

This can only happen if mfg is increasingly efficient, and it proves categorically that the major issue re loss of mfg jobs is related to automation and increased efficiencies and not offshoring.

If it as offshoring, there would have been a major drop in GDP attributable to mfg. there was not.

End of story. I win.

Llpoh
Llpoh
February 21, 2015 11:09 pm

Manufacturing has contributed about 12% to GDP each year since around 1970. That remains the same for the entire 45 years, with little variation.

We are importing goods with borrowed money. If we had borrowed money and bought local made goods, things would be better. It did not happen.

Now it will get worse.

Llpoh
Llpoh
February 21, 2015 11:10 pm

Stuck – I saw that re bb. But when he is right, he is right.

El Siete
El Siete
February 21, 2015 11:58 pm

bb just might be the Sarah Palin of TBP, a dubious personality who is nevertheless able to play kingmaker. Just remember, bb, with great power comes great responsibility.

starfcker
starfcker
February 22, 2015 12:54 am

Lot of lines of text llpoh, whole lot of nothing. Actually, you give the game away in your comment to bea. Senior manager MULTINATIONAL. So you drank the koolaid. It’s cool. But it explains your nonsense. Patriotic nationalistic american, out

Bruce Wayne
Bruce Wayne
February 22, 2015 1:01 am

yep, I remember truck drivers, teachers, government workers and people on social programs who did not care one bit about the slave trade agreements….They figured that it was someone else’s problem……….all the people who lost their jobs went on social programs, and it was Bill clinton who had the fed push the housing boom to hide the damage being done as people bought homes at prices they really could not afford.

Remember that all those jobs came with health insurance and they all helped finance our government.
When the jobs went our government had to borrow money to help support the people who lost their jobs and health insurance.

it was Bill Clinton and many within our political ranks who were determined to force us into s socialistic and eventually communistic form of government.

So many idiots here keep praising the social democrats but eventually we just will collapse under the debt and then things will change greately………social democrats are Americans enemy

El Siete
El Siete
February 22, 2015 1:14 am

Starfucked, a lot of people mistake nationalism for patriotism. By multinational, LLPOH might have meant to avoid mentioning GM, GS, LMT.. are these companies not patriotic enough?

What irritates me most is when folks declare their patriotism here, subtly suggesting that perhaps the rest of us are somehow lacking in patriotism, without having the kind of proof that LLPOH, SSS, Billy and many others could read off immediately.

Llpoh
Llpoh
February 22, 2015 1:48 am

Thanks Siete. Starfuckwit gives the game away immediately. He cannot grasp that if manufacture as a percent of gdp has not dropped, how exactly have jobs been exported?

What has happened is that consumers are buying shitloads more manufactured goods. They used to buy mfg goods = to 12 percent of gdp, more or less. They currently buy 12% of gdp in mfg goods, PLUS the difference between imports and exports, which is more or less $1 trillion. One trillion is about 7% of GDP.

Thus I deduce that consumers are now buying 19% of gdp in manufactured goods – the 12 per cent plus the $1 trillion in excess imports. We have become a country of excess consumers – we consume more than we make, and we buy the difference with borrowed money from overseas.

Uh-oh.

We are screwed.

But not because we are shipping jobs overseas (yet). But simply because we consume more than we make – 50% more consumption than in 1970, without a corresponding increase in production.

And we have created a monster. By buying overseas goods we have funded the development and automation of our competitors. That will in the end be a fatal mistake. They no longer just manufacture cheap shit, but they now manufacture high quality product as well.

And NOW they will strip the jobs that are left. And now they will compete against our high dollar and high quality exports. And given they have better regulatory and cost advantages and lower taxes on corps, they are now going to kick the ever-loving shit out of US manufacturing.

Starfucker – you have added zero to this debate, because you have zero to add. The sum total of your contribution is to try to ridicule me. You are a total idiot – no background, no experience, no education in the field to call upon. As I said, no one knows more than me about this stuff around here, and very fucking few anywhere else do either, for that matter. I was running plants with thousands of employees before I was thirty. What about you, dickwad?

I no longer work for big corps. For the last two plus decades I have run my own business, selling to big, and small corps. And I have done very well, thank you.

But big corps are about to make some serious shifts in outsourcing to, especially, China. The US is simply far too restrictive and costly a place to run a business. So folks that can leave, will. And because China can now produce quality goods, there is less and less reason to put up with the world’s highest tax rate, with the unbelievable number of regs, with EPA rampant interference, etc. big, and small, corps are going to abandon ship.

Llpoh
Llpoh
February 22, 2015 1:56 am

BTW – anyone who cannot see that the great advantage The US has in coming decades is food production needs to retake first grade.

SSS is right . I have travelled pretty extensively throughout the world. No place on earth can grow food like the YS can. No place. East of the Rockies lies the world’s greatest breadbasket. As long as, per SSS, we do not fuck it up.

starfcker
starfcker
February 22, 2015 2:21 am

I added nothing because jim was doing a fine job of slicing and dicing. What do you think foxconns 1.2 million employees are doing, running CNC machines? Out of the fog you are totally right about the regulatory straightjacket, but understand why that exists. To encourage offshoring. It’s called economic treason. Easy to stop. It’s called tarriffs. Taxes on foreigners designed to protect AMERICAN businesses and workers.

starfcker
starfcker
February 22, 2015 2:32 am

Llpoh, don’t ever think I ridicule you. You pay people on fridays. I respect that as much as I respect anything. We eventually will see eye to eye on this issue, as soon as you figure it out. El siete, are GM and GS patriotic enough for me? Hell no, they’re leading the charge selling us out. I’m not subtly suggesting anything. You’re irrirated? Change your tampon

Llpoh
Llpoh
February 22, 2015 3:42 am

Tariffs are bullshit. The reason the Japs were able to get a foothold in the seventies was because the US manufacturers had let quality slide because they were a protected species.

Yes, we need a level playing field. But putting ridiculous regs in place, then saying we need tariffs is the height of stupidity.

Plus, you have no idea about how much the US exports. Make no mistake, the US is a manufacturing powerhouse. People forget that. The US is an absolute 500 pound gorilla in manufacturing. No country on earth, no matter what you hear, is as good at it, in volume, as the US.

Tariffs would have an enormous negative impact on the by memory, trillion dollars plus a year the US exports. Tariffs would take us back to bad quality and protected classes.

What we need is for corp tax rates to drop, and for regulatory parity to be made to happen.

The US is more than capable of playing on a level field. That is why on a GDP basis the US has not dropped manufacturing. But it is about too.

People place too much emphasis on conspiracies. Let me tell you, the vast majority of businesses, even giants, simply adapt to regs and laws in place as an effort to make a dollar. Some spend a lot of money lobbying for breaks. But do you really think business, by and large, want to be handcuffed by the EPA and NLRA? Really? Bullshit. They are in business to make a profit – although the way senior execs are compensated has very much subverted that.

I have never sat in a meeting and heard the CEO say “gee, what say we fuck the Average Joe”. ” Let’s take our company offshore so we can really fuck them over!”. Bullshit. They are trying to maximize shareholder return despite the fact the politicians are fucking things up at every turn.

Want to see the economy BOOM? Eliminate corporate tax, and allow immediate deduction of capital expense. It will cost by memory $300 billion in list corp taxes a year.

You would immediately see US business reawaken without any need for “tariffs”. Killing the EPA would not hurt, either. And when I say boom, I mean short term GDP growth of like double digits. The Chinese could suck the sweat off our balls. Not to mention the several trillions in capital that the multis would IMMEDIATELY bring home.

If I were in charge, business would boom. And no country on earth can compete with the US if handcuffs are off. Really.

Llpoh
Llpoh
February 22, 2015 3:48 am

Starfucker – I long ago figured out manufacturing. You have drunk the cool aid. To make manufacturing boom, just let capitalism do its thing. There is not a mass conspiracy, just a bunch of idiots too stupid to realize they have handcuffed the gorilla. Just let the gorilla do its thing.

But if they wait much longer it will be too late.

starfcker
starfcker
February 22, 2015 4:11 am

llpoh, when i was 22, I had an executive delivery business in miami. One of my accounts was eastern airlines. I spent many evenings sitting in the corner of the boardroom while frank boreman and the board tried to save eastern. I would take their proposals over to the machinists union. The union guys were blind to whst deregulation had changed. They thought eastern was made of money.

starfcker
starfcker
February 22, 2015 4:24 am

They didn’t understand that air florida and new york air were eating them alive, with 99 dollar fares up and down the east coast. The machinists union bankrupted eastern, at that time miami’s largest employer. The papers told a different story, blaming management. So I don’t buy into the working class hero bullshit. But the battles then were between americans. Tax cuts worked under reagan because the top rate was so high at the time. Cutting business taxes on the multinationals wouldn’t do jackshit for america.

starfcker
starfcker
February 22, 2015 4:39 am

The moment clinton signed NAFTA, the most valuable asset most american’s possess, the fruits of their labor, got significantly devalued. No majority ever voted for that. The moment ben bernanke enacted QE and ZIRP, most americans savings became a lot less valuable. I don’t recall that vote either. You and tom donilan and larry kudlow might think that is swell, but I didn’t sign up to be lorded over by schmucks, and I think this experiment in oligarchy is going to end badly

starfcker
starfcker
February 22, 2015 4:48 am

What kind of bullshit do you believe about multinationals simply adapting to laws. Those assholes have corrupted the entire system. They write the laws, then lobby to get them pasted into thousand page bills nobody reads or understands. Put the pipe down, you’re not going to convince me.

BGM
BGM
February 22, 2015 6:36 am

If one ( ) has economic arrogance, and the right laws, one ( ) might end up with general
prosperity and a middle class.

If one ( ) has demonic arrogance, such as Russia, China, others, 1900 onwards, one
might end up with territory, and the ability to win wars.

If one ( ) has religious arrogance, such as Islam, one might end up with a
subservient population, (and pissed off women).

If one ( ) has civilizational arrogance (my coined phrase) and enough of
something else, one might stave off the ascendency and ultimate
victory of the above other types of arrogance.

It is the good threads, that can welcome a higher level of discussion.

Dave Doe
Dave Doe
February 22, 2015 7:17 am

I think Admin’s prior point that there are a number of mechanisms in play at the same time is key. Automation and efficiency have certainly improved but you also have global arbitrage and off-shoring and that plays a role as well.

I still think the main issue is how you level the global playing field. I don’t think anybody wants to devolve to China’s environmental policies. However, I do think we are over regulated in the US.

Where I think LLPOH goes wrong is in assuming a static environment. If companies continue to offshore and then expect free access to the US Market I think they’re in for a surprise.

hardscrabble farmer
hardscrabble farmer
February 22, 2015 9:41 am

Llpoh should have picked a better example of the success of industrialization than agriculture. If eating was simply a matter of producing the highest number of calories from a specific plot of land with the lowest investment of labor regardless of the amount of energy expended to do so, he’d be right. The problem with our current system of agriculture should be obvious to anyone with two eyeballs and heartbeat, but for some reason only the smallest minority of people are able to see the holistic panorama of industrialized agriculture and it’s downstream effects on the population.

Let’s examine some of the issues in greater detail before we decide what makes something successful as opposed to efficient.

Food is more than calories. I’m not a nutritionist or an MD, but I do know that calories are simply a mechanism for delivering energy to an organism, not a measure of nutritive value. If a toddler needed 500 calories a day and was offered a choice between a 500 calorie soft drink or an equal amount of vegetables, meat and fruit, only a sadist would feed the child the soft drink as a steady diet based on cost alone. `A single handful of fresh greens picked right out of the garden brings greater value to the life of a human being than a 2 litre Mountain Dew with ten times the calories.
Humans need better nutrition to live healthier and longer lives. Today we have calories produced by industrialized agriculture with little nutritive value that leave people to live miserable lives filled with preventable illnesses and multiple disabilties directly related to poor diet. The associated costs to remediate these problems using pharmaceuticles and overtaxing the healthcare system are never factored in, nor is the cost of lost labor directly related to these failings.

Loss of knowledge. When we began as homesteaders we possessed very limited knowledge regarding the production of food. Most of the lessons learned took years because food production is cyclical in nature and requires years of experience to build any type of knowledge base. These factors include seasonality, hybridization, mortality, fertility, water cycles, morbidity, invasive pests, etc. What America once possessed in the untold millions was generational knowledge of individuals concerning what to plant and when, what breeds proved best for which environments, maximizing the benefits of waste cycles, minimizing erosion and soil loss, water quality and drought prevention- the list is longer than my own life would ever be able to uncover in the time I have left to learn and I am dedicated to the task in a way the vast majority living would ever do. The problem isn’t that there are too few people left with this knowledge, but that EVERY ONE requires it. I haven’t met anyone yet who doesn’t eat- excluding a couple of breathatarians who strike me as frauds. The whole of the population is entirely dependent on a very, very small minority to satisfy ALL of their nutritive requirements. That is no less of a threat to the future of our civilization than an equally small minority controlling the vast majority of financial resources needed by the rest of the population. For some reason we all seem to count on the benevolence of the food producers to continue turning it out for a fraction of its true value so everyone can benefit. What happens if, say form example, the elite banker class winds up in control of the last means of agricultural production and no one is left with any land/knowledge or resources to counter that kind of monopolism? Will they continue to sell healthy high end heirloom produce and heritage meats to the hoi polloi or hoard it to themselves and allow us high fructose corn syrup and a low end form of soylent green to keep the masses from starvation at extortionist prices? The near elimination of the knowledge required to maintain sustinable farming practices isn’t something that can be reversed in time to prevent a holomodor on a scale unimaginable to even the most doomy doomers out there.

Soil. I wish I could begin to explain the importance of soil to life. Soil is not an inert anchor for roots, it is one of the most complex ecosystems on Earth. It is the final transition between decay and growth and the damage that industrial agriculture has done to the soils- and by extension the watersheds- is nothing less than catastrophic. That we still produce crops is a testament to the historic health and fertility of North America rather than the efficacy of the industril model. The volume of soils lost due to erosion, the poisons relesaed into the waters and atmosphere and remaining in the soils as result of persticides and herbicides, the diseases and disorders, the cancers and obesity, the spent fossil fuels that will never be replaced in order to produce “cheap” food is incalculable. Soils are created at a rate of inches per millenium and we have exhausted these in time spans of fifty years or less. Once gone they are not replaced for any amount of money or any human effort. The use of NPK since the end of WWII as a means of goosing production worked fine as long as there was soil to use up and unlimited amounts of cheap oil to create these additives. Once the soil is done, once the cost of fossil fuels exceeds the limits of profitably of pulling it out of the ground the era of cheap food is over, forever. The cost of high priced food will only be available for those who can afford it. Our advanced systems of industrialization applied to a natural system was not only short sighted, it was nothing short of an inevitable ELE.

The industrialized agricultural system of the 20th century was one of the greatest mistakes of mankind. Only the most misguided of us would point to it as a triumph of anything other than hubris. The collapse of the debt based economies of the world will be like a summer cold compared to the collapse of the oil based industrial agriculture system, the pancreatic cancer of our species.

Bea Lever
Bea Lever
February 22, 2015 10:31 am

Llpoh has been drinking the purple kool-aid.

More than half of all US manufacturing jobs were lost from 2001 to 2011. Total number of jobs lost to CHINA 2.7 million of which 2.1 million were manufacturing jobs (76.9 percent). Prolly much worse as those stats are only through 2011. Please read this article from the Economic Policy Institute:

http://www.epi.org/publication/bp345-china-growing-trade-deficit-cost/

Read it and weep Loopey, efficiency my ass.

l

Bea Lever
Bea Lever
February 22, 2015 2:40 pm

Educated guess…….Llpoh jumped out of the pot before the water starts to boil.

Care to join the real debate which is from 2001 to the present?? Jobs lost 40 years ago prior to China leaving the stone age is irrelevant. See above.

Llpoh
Llpoh
February 22, 2015 4:26 pm

Bea – I clearly said that there will now be a huge outflow of mfg jobs overseas. Of the jobs lost in last ten or fifteen years, half were lost to outsourcing, per that article you posted. Before then, per my continual point, offshoring was not the major issue. But it will be. Can you people not read? Also, the past forty or sixty years do matter – even without exporting jbs overseas, manufacturing emloyment on a percent basis is going to collapse. The Chinese will pull the inevitable forward. We cannot eliminate the collapse but we can buy time with proper policy. Knowledge of history and trends always matter.

Admin – the jobs that have not reduced as much seem to have to do with consumption. We have become great consumers. And no matter what, some jobs are more labor intensive. And despite what you say, so far, retail, food service, etc. have not gotten increasingly efficient. For instance, in general food service, consumer behavior has negated much if not all efficiency gains. SEEms consumers now dwindle far longer in restaurants and cafes. On their Igizmos. Major study I just read says the challenge is shooing them out. If you do not allow them free wifi and a place for their gizmo, they will not come. I am not an expert in those other areas. I am in manufacturing.

I did not poo poo automation. Quite the contrary. What I did say is that in many cases great efficiency gain can be made without huge capital investment. I also said that the cost of automation has dropped markedly, which could be reflected in your capital expenditure numbers. I also said that capital expenditures would go down as companies prepared to exit overseas. The exodus is underway.

You folks shift your arguments to suit. The base discussion was loss of jobs over a long horizon. When you got your asses kicked, you try to reframe your argument to the short term.

I have repeatedly and in depth said that the reason over the long term job share was lost as efficiency gain, but that there was about to be a monumental shift.

Bea pointed this out over the last ten years or so. He misstated re ” more than half of all mfg jobs were lost”. Actually, the article said that of the jobs lost, half went overseas. Obviously, halfmfg did not disappear in that time. But it has hardly begun.

The shift will affect much more than manufacturing, too.

Keep shifting the argument. It an’5 working for you.

Llpoh
Llpoh
February 22, 2015 4:28 pm

Again, bea is wrong about history.

Not only do we need to address the issues re offshoring, but society needs to understand, even with no offshoring, mfg is toast as the major employer.

And start developing alternatives before it is too late.

Llpoh
Llpoh
February 22, 2015 4:48 pm

BTW – no one has addressed the chart which clearly shows manufacturing GDP unchanged, even during those years Bea claims had significant losses to China.

How can that be, Bea?

They are mutually exclusive.

Bea Lever
Bea Lever
February 22, 2015 5:05 pm

Loopster

Forty years ago we were not a nation of truck drivers!!!! The article is about the change to A NATION OF FUCKING TRUCK DRIVERS. Your point is well taken but that was forty years ago……what does old shit about efficiency have to do with being non-manufacturing truck drivers today??????????

Why would Admin waste his time posting this article?? Are you tarded?

llpoh
llpoh
February 22, 2015 6:09 pm

Bea – you fucking nitwit, the article was not about truck drivers. It was about us becoming a nation of consumers. And I have in my own way been addressing this. Unlike many others.

First, I highlight that US manufacturing GDP has remained constant virtually forever.

Then I counterpoise that with the fact that we are one trillion to the red in balance of trade.

That difference – $1 trillion – represents excess consumption over where the US was in 1975.

$1 trillion represents around 6% or 7% of addition expenditure on goods. So Over the last 40 years, the expenditure on goods has exploded from 12% to almost 19%. And the difference is borrowed money.

Are you getting it yet, Einstein?

Further, that is not the only area where consumption has rocketed. For instance, Admin above asks why other areas have not seen such declines in employment as a percentage, given they are getting more efficient as well?

Well, in food service, I believe this chart addresses that in part:

[imgcomment image[/img]

People are eating out more often. That means additional personal consumption. (Combined with the fact that food service is still not nearly as automatable as is manufacturing, employment share has not been affect like in manufacturing, plus salaries in food service have not to date justified enormous capital investment. However, great strides in restaurant automation are not far away, and increases i minimum wage will drive automation much more rapidly).

Bea, you are an ignoramus. What exactly have you added to this debate?

I have, as I said, posted a lot of info re consumption above – especially re consumption of foreign goods, and the severe negative impact that will have on the US economy going forward. I especially pointed out that the excess debt=driven consumption has served to fuel the growth of US competition, has allowed China and others to become competitive in manufacturing, and will result in a massive hit to the US that we are only now beginning to feel. It will prove to be a monumental clusterfuck.

My entire series of posts was linked to the issue of consumption.

And just what the fuck have you added, Bea?

Seriously, there are some dumb fucks around here.

llpoh
llpoh
February 22, 2015 6:17 pm

Admin as ever adds some substance to this article, but based on the contributions Bea and Starfucker have made to this thread, I am surprised they are able to find their mouths with a fork, and suspect that the only way they survive is with personal caretakers.

The interactions in a 16 trillion economy are huge, and unintended consequences are the result of any efforts to regulate capitalism. We are now seeing the confluence of unintended consequences of regulation, combined with the massive impact of personal and public debt and rampant consumption and foregoing of thrift, and a degeneration of the educational system. It is going to be catastrophic.

Knuckedragger
Knuckedragger
February 22, 2015 6:36 pm

For the record, Admin merely reposted this verbatim from ZeroHedge where Durdin didn’t bother to attribute his maps to anyone. For all I know, he made this fucking shit up in Photoshop for giggles and grins. We’re not a nation of truck drivers. We’re a nation of fast food and retail clerks. Look it up from a fucking reliable source for crying out loud.

llpoh
llpoh
February 22, 2015 6:56 pm

And all of those retards, save me and SSS and Admin and bb (in this case) are posting on this thread.

🙂

Olga
Olga
February 22, 2015 7:29 pm

I now have a greater appreciation – thanks to llpoh – that Americans in the last few decades bought more junk/shit/crap than ever before. I remember thinking all those storage places were for people “in-between” dwellings and in need of storage – I did not realize they were for people whose houses couldn’t hold all their stuff – and this was after everyone got a McMansion!

And I am guilty as well – I’ve taken more than my fare share to Goodwill – only to buy more of the same later on.

I did witness the explosion of personal consumption without really realizing it was mostly on borrowed money. Trinkets, trips, status and stuff, nothing-but-baubles etc., we, as a Nation, have indulged in unprecedented consumption and I’m guessing the how and why might be interesting to our descendants.

As I understand what llpoh is saying it is this mindless, useless, narcissistic based consumption that has fueled the expansion of a great deal of the off-shore manufacturing – for whatever reason we went crazy and borrowed and bought ourselves into oblivion.

I do think the greed required to off-shore manufacturing jobs was [and is] real – that multi-nationals have no national loyalty regardless of where they got their start – for them the world is to be exploited and to the winner goes the riches – and our politicians have facilitated this every step of the way for their own enrichment.

When we’re told “let the good times roll” apparently most people jump in without much long term planning.

Bea Lever
Bea Lever
February 22, 2015 8:52 pm

Llpoh

Admin’s 08:28pm post above (chart) scorched your whole argument.

At 04:26 today you state – “I clearly said there will now be a huge outflow of mfg. jobs overseas. Now? Now?

The plane hit the fucking mountain long before now. Loss of manufacturing jobs since 2001 has been due to offshoring not efficiency. And to be sure, I understand that we have been a nation of consumers. Posturing Llpoh?
What did I contribute? Did you read the link I provided in my 10:31am post? Where is your proof ?

Olga
Olga
February 22, 2015 9:18 pm

Thoughts?

El Siete
El Siete
February 22, 2015 10:29 pm

The church lady asked me if it true that Macy’s will be closing soon. I say, let’s go look at their new line featuring Thalia Sodi. If Sears is any guide with their failed Kardashians line, Macy’s is indeed on the ropes. Her shoes and clothes are cheap Chinese products, better workmanship than the Kardashians but still low quality nylon, darcon or polyester. The design quality is terrible, we saw a leopard print dress highlighted with hibiscus. While some clothes feature Miami pastels, others feature 1970’s brown hues.

El Siete
El Siete
February 22, 2015 10:40 pm

Olga, I learned that Apple and Nike do not have factories, they outsource the manufacturing to Chinese factories. They take American know-how from public universities yet avoid paying American workers or paying into social security. We still buy their shit eagerly at high end prices.