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Rumor Mill News Reading Room, Current Archive

Reader: From An Industrial Economy To A Paper Economy – The Stunning Decline Of Manufacturing In America

Posted By: RumorMail
Date: Tuesday, 6-Sep-2016 13:08:14
www.rumormill.news/55861

In Response To: Hungary Becomes First European Nation To Ban Rothschild Banks (RumorMail)

From Reader Kyle:

Lynda, connected to Rothschild banking is all the international 'deals' to send manufacturing to poorer countries at cheaper pay.

When you round up the DC politicians, round up all the CEO and corporate lawyers with them!

By Michael Snyder

Why does it seem like almost everything is made in China these days? Yesterday I was looking at some pencils that we had laying around the house and I noticed that they had been manufactured in China. I remarked to my wife that it was such a shame that they don’t make pencils in the United States anymore. At another point during the day, I turned over my television remote and I noticed that it also had “Made In China” engraved on it.

It is still Labor Day as I write this article, and so I think that it is quite appropriate to write about our transition from an industrial economy to a paper economy today. Since the year 2000, the United States has lost five million manufacturing jobs even though our population has grown substantially since that time. Manufacturing in America is in a state of stunning decline, our economic infrastructure is being absolutely gutted, and our formerly great manufacturing cities are in an advanced state of decay. We consume far more wealth than we produce, and the only way that we are able to do this is by taking on massive amounts of debt. But is our debt-based paper economy sustainable in the long run?

Back in 1960, 24 percent of all American workers worked in manufacturing. Today, that number has shriveled all the way down to just 8 percent. CNN is calling it “the Great Shift”…

In 1960, about one in four American workers had a job in manufacturing. Today fewer than one in 10 are employed in the sector, according to government data.

Call it the Great Shift. Workers transitioned from the fields to the factories. Now they are moving from factories to service counters and health care centers. The fastest growing jobs in America now are nurses, personal care aides, cooks, waiters, retail salespersons and operations managers.

No wonder the middle class is shrinking so rapidly. There aren’t too many cooks, waiters or retail salespersons that can support a middle-class family.

Since the turn of the century, we have lost more than 50,000 manufacturing facilities. Meanwhile, tens of thousands of gleaming new factories have been erected in places like China.

Does anyone else see something wrong with this picture?

At this point, the total number of government employees in the United States exceeds the total number of manufacturing employees by almost 10 million…

Government employees in the United States outnumber manufacturing employees by 9,932,000, according to data released today by the Bureau of Labor Statistics.

Federal, state and local government employed 22,213,000 people in August, while the manufacturing sector employed 12,281,000.

The BLS has published seasonally-adjusted month-by-month employment data for both government and manufacturing going back to 1939. For half a century—from January 1939 through July 1989—manufacturing employment always exceeded government employment in the United States, according to these numbers.

You might be thinking that government jobs are “good jobs,” but the truth is that they don’t produce wealth. Government employees are really good at pushing paper around and telling other people what to do, but in most instances they don’t actually make anything.

In order to have a sustainable economy, you have got to have people creating and producing things of value. A debt-based paper economy may seem to work for a while, but eventually the whole thing inevitably comes crashing down when faith in the paper is lost.

Right now, the rest of the world is willing to send us massive amounts of stuff that they produce for our paper. So we keep producing more and more paper and we keep going into more and more debt, but at some point the gig will be up.

Read More



RMN is an RA production.

Articles In This Thread

Hungary Becomes First European Nation To Ban Rothschild Banks
RumorMail -- Tuesday, 6-Sep-2016 12:25:04
Reader: From An Industrial Economy To A Paper Economy – The Stunning Decline Of Manufacturing In America
RumorMail -- Tuesday, 6-Sep-2016 13:08:14
Reader: Trump’s Labor Day Message As Unemployment Nears 25%: “The American Worker Is Getting Crushed”
RumorMail -- Tuesday, 6-Sep-2016 13:30:34

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AN EXPLANATION OF THE FACTIONS