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Trivia Tidbit Of The Day: Part 397 -- Manufacturing Gains.
Historically Strong Manufacturing Period, Overshadowed By Anecdotal Stories Of Outsourcing-
The overall economy has now grown for 62 consecutive months, and after a one month decline (following 41 straight months of expansion) in the American manufacturing sector in November, December saw manufacturing in the United States expand again:
Tom Blumer of BizzyBlog notes that the past three years or so have been good for the American manufacturing sector, rather than the "outsourcing" (offshoring, really) doom-and-gloom we see in any given story in the establishment media.
Here is an interesting trivia tidbit:
Every long period of manufacturing expansion in the past 60 years has been followed by several at least seven months of contraction. But the most recently ended expansion was followed by only one month of contraction before manufacturing moved into expansion mode again...
BizzyBlog has more specific numbers to peruse.
The manufacturing expansion we just had (2003-2006) was the fourth longest over the past six decades, at 41 consecutive months. The one-month contraction in November of 2006 was also very, very small, at 49.5 (above 50 is expansion, below is contraction).
Now, if we could just get big labor to be a bit more reasonable, particularly in places like Michigan, we could really see American manufacturing take off.
Previous Trivia Tidbit: Memo To Our New Socialist Overlords: There's No Need To Raise Taxes.
Posted by Will Franklin · 15 January 2007 05:45 PM
Those numbers need a bit more clarification as to source of the growth - such would need to be divided primarily between Foreign Growth by Region and Domestic Growth by Region.
Once done that way, you'll see where the growth is happening and where it isnt - while that might not look optimal, it would shine a floodlight on the growth is being obtained, even in the case of GM(who seems to do well enough in China to bail out the domestic division- but they'd rather void a contract through bankruptcy). It would also expose companies such as Honda and Toyota that build around the "Buy America Act" by setting up shop in the US - in states usually not known for being pro-union. If you want to show growth, fine- but it's a bit inaccurate to not state that the true origin.
As for asking Big Labor to concede, they've done that in large since the signal was sent to PATCO in 1980 - that business can walk all over them. Never mind that it was over a law violation, it was interpreted as (perpetual) open season on unions in general. Only recently has that event ever been eclipsed.
In 2003, the only remarkable thing is that it was an event that went beyond PATCO, and beyond unions(which are nearly decimated thanks to the "PATCO Precedent") which was "offshoring". This event took care of any remaining humanity or stability out of work. It did so to those who thought it was a "blue collar" thing, to those who knew of it but could not stop it, and to those who even supported the use of Asia to break the back of Big Labor. Offshoring (the way it is done today) bit them all, and in such a way that has all of us paying in terms of lower quality, with a return that will be too far off to be of any real use.
Did it ever occur that you might have some support if you didnt excessively antagonize Big Labor in terms of drawing up a solution? Even though a lot are not in a union, the benefits unions gave were worth their presence.
Posted by: sethstorm at January 16, 2007 07:51 PM
Actually, there's far more support for my point of view than the big labor point of view. People in this country don't like unions, for the most part.
Posted by: Will Franklin at January 16, 2007 08:08 PM