Originally Posted By: Tempest
Originally Posted By: mechanicx
So the workers are many times more productive, but instead of making more money they are making less. And even that's not good enough, got to outsource to even lower wage countries. That's progress
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http://www.clevelandfed.org/Forefront/2012/summer/ff_2012_summer_13.cfm
Quote:
On average, compensation packages are 17 percent higher in the manufacturing industry compared with nonmanufacturing jobs. Manufacturing wages and salaries average $29.75 per hour compared with $27.47 for nonmanufacturing jobs, while benefits average $8.52 for a manufacturing job versus $5.37 for a nonmanufacturing job. And three out of four manufacturing workers have both retirement and medical care benefits, compared with only 55 percent of their private service-providing counterparts, according to the BLS. In total, the average compensation package for a manufacturing job is $38.27 per hour while a nonmanufacturing job averages $32.84 per hour.
Not that I automatically and necessarily believe the sources of your graphs, but I'll run with it.
If manufacturing on average pays more (and is worth more) than nonmanufacturing, then why would you be for outsourcing and getting rid of domestic manufacturing?
You argue both ends against the middle to try to support your point at the time.
You still didn't address that despite much higher worker productivity, wages have been stagnating and falling. But I'm sure you have a special interest group's graph that will claim different.
Originally Posted By: mechanicx
So the workers are many times more productive, but instead of making more money they are making less. And even that's not good enough, got to outsource to even lower wage countries. That's progress
http://www.clevelandfed.org/Forefront/2012/summer/ff_2012_summer_13.cfm
Quote:
On average, compensation packages are 17 percent higher in the manufacturing industry compared with nonmanufacturing jobs. Manufacturing wages and salaries average $29.75 per hour compared with $27.47 for nonmanufacturing jobs, while benefits average $8.52 for a manufacturing job versus $5.37 for a nonmanufacturing job. And three out of four manufacturing workers have both retirement and medical care benefits, compared with only 55 percent of their private service-providing counterparts, according to the BLS. In total, the average compensation package for a manufacturing job is $38.27 per hour while a nonmanufacturing job averages $32.84 per hour.
Not that I automatically and necessarily believe the sources of your graphs, but I'll run with it.
If manufacturing on average pays more (and is worth more) than nonmanufacturing, then why would you be for outsourcing and getting rid of domestic manufacturing?
You argue both ends against the middle to try to support your point at the time.
You still didn't address that despite much higher worker productivity, wages have been stagnating and falling. But I'm sure you have a special interest group's graph that will claim different.