Beoz

Nope. The word is "Selling". That's what pollies do.

commonwealth

Amazulu

Good for her

Charismatic

Might Donald Trump not be right on some areas like the loss of jobs to China?

It's almost as cheap now to manufacture in the US as China now (it is, get over it and throw away the old playbook). The low cost of outsourcing is a lie...and perhaps has been for a while. However China throws it's weight around with trade tariffs and subsidies to keep jobs in China. Surely it is time for the US to roll up it's sleeves and grab manufacturing from China et al. starting with cyclical industries like steel and auto manufacturing.

Sure it's easy to like other candidates better and there are lots of things I don't like about Trump but on this one I think he genuinely can school the other candidates.

knockoff nige

If it is then why do companies not move back? Trump is talking trash when he says he'll make corporations keep jobs in the US. He has no authority to tell Apple/Google etc to keep jobs in the US. Yet people buy his hollow promises.

Amazulu

I like some of the things that The Donald is saying but on this he's wrong and I agree with you

Manufacturing has been steadily moving back to the US anyway. Google has factories in the US but the days of mass manufacturing of consumer electronics there are long gone

GarryP

Sure, sure ...



Not really. The main advantage they have is scale in a close area. If you want to manufacturer in China you can source all the parts from a closely coupled set of suppliers and turn it around in a short period.

Steel is not going back to the US (though it might go to other cheaper locations than china). Car manufacturing is more interesting, since automation is going to shake things up. I still doubt it will end up in the US though.

Err, not really, unless you mean he can school the others on how to outsource jobs to china, since that' s more his thing.

Charismatic

Linky to BCG study on manufacturing costs.

manekeniko

An interesting tidbit you may not know: The US gives China preferred status as importer, and they enjoy shipping privileges that burden the US postal service with huge losses. China is able to ship goods to America for pennies on the dollar. This is why every .99 store is jammed with cheap Chinese goods, and you can find thousands of Chinese sellers on eBay offering free shipping on cheap stuff to the US.

Trump's sideshow is entertaining, but forget about him becoming president. It's not gonna happen. I'd sooner vote for his toupee, than the guy wearing it.

Gordon Barlow

You're probably right: the establishment will kill him if they can't cheat him out of the Presidency. The problem Americans have this year is that they don't have much of a choice. The Republicans have gone belly-up, with a Canadian as the only realistic alternative to Trump as their nominee, and one of the world's most vicious war criminals as the likely Democrat nominee. Cripes. As for Trump's big mouth - well, a friend of mine reckons that bombast is better than bombs. That's about right, no? Will or would Trump bomb the shit out of the remaining swarthy Middle-Eastern villagers? Huh. However many of them he slaughtered, the result could hardly be worse than the tally racked up by the last three US Presidents. They've set the bar pretty high.
Meet The "Professional Agitator" Who Was Beaten At Yesterday's Trump Rally: "I Was Protesting Trump’s Fascism" | Zero Hedge

GarryP

You have to be a little careful in such studies, they can distort the answer to match what the customer wants to hear.



In this case, pay attention to fine print. Their 'index' includes only four elements: labour costs, electricity, gas, and 'other' - which is suspiciously the same for all countries. It doesn't include raw material costs, transport, and I think things like local taxes, rent costs, etc. It also takes 'a weighted average across all industries', which sounds like a recipe for cooking the books to me. And that's before we get to exactly how some of those figures have been made up (there's a 'productivity' multiplier in there somewhere, which is another spot where you can fiddle the figures). Do you really think the labour costs of the US are significantly less than those of Australia?

Oh, and all the creators of your slide are co-authors of a book "The US Manufacturing Renaissance" - they have a axe to grind and units to shift.

Interestingly, most of the rah rah stories about how the US is competitive with China seem to track back to this group, and thus this methodology.

Try this link for a more sober analysis : https://chinacentric.wordpress.com/2...cturing-costs/