SimpleDon
Veteran Member
http://www.nytimes.com/2016/12/21/upshot/the-long-term-jobs-killer-is-not-china-its-automation.html
A simple example:
article said:Take the steel industry. It lost 400,000 people, 75 percent of its work force, between 1962 and 2005. But its shipments did not decline, according to a study published in the American Economic Review last year.
That's where the good jobs of the 50s and 60s went!
This is right. Not that many jobs went to China. Not that many jobs were lost to automation. The loss in jobs in the steel industry, which I worked in by the way, were lost to more efficient and larger processes and mills and recycling, mini mills, not to automation.
If anything, offshoring delayed the job loss to automation tor . Of course, this job loss will now be in China and Mexico, not in the US.
The problem with off shoring is the same problem that we had with the massive increase in legal and illegal immigration after your beloved supply siders and neoliberals made it nearly impossible to prosecute companies for hiring illegals and the advent of H1B1 visas, the threat of low wage competition, whether from low wage countries, from illegal or legal guest workers or even from right to work states, it finally was enough to effectively and ruthlessly suppress wages in this country.
