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re: 1992 Ross Perot predicted our country after Nafta
Posted on 12/1/16 at 2:33 pm to buckeye_vol
Posted on 12/1/16 at 2:33 pm to buckeye_vol
quote:
I get that it's sad to see manufacturing jobs go by the wayside. But a lot of it is a natural progression of our technological advancements as well.
This will go over well.
Posted on 12/3/16 at 8:02 am to MrCarton
quote:
This will go over well.
It's true. Since 1970, the percent of manufacturing jobs has decreased from 30% of all private employees to about 10%. When we look at the balance of trade deficit as a percent of GDP, we get about 3-4%. While not exact, we can reasonably say, that trade has only cost about that percentage of manufacturing jobs. The rest of the loss has come from technology, capital, and regulations.
This post was edited on 12/3/16 at 8:07 am
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