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Manufacturing Job-Growth Equation Is Changing

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errricwillson
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Stock Keeper
Jobs are real worry
errricwillson   9/12/2013 12:30:19 AM
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After facing the inflation now economy is recovering from the damages we face in shape of job lose and many other forms. But even now it more difficult to get a job just because companies are taking well persons in. Finding a job either is psychiatry or an engineer is the real worry but if you are a comptent person you can get the job. 

Barbara Jorgensen
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Blogger
Changing equation
Barbara Jorgensen   1/14/2013 11:08:50 AM
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Hindsight is always 20/20. I would expect reports and data such as this to improve the longer the trend is tracked. The compnaies polled by McK no doubt have their own spin on things. Increaed productivity is always better than a decreased workforce, particulalrly if you are a publically traded business.

_hm
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Supply Network Guru
Re: The Aging population should not be left out
_hm   1/13/2013 8:22:38 PM
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@Chipmonk: I very much agree with you. This is insincere and manipulated survey from McKinsey. They should be reprimanded for this.

AzmatMalik
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Production Synthesizer
Productivity and Job loss
AzmatMalik   1/11/2013 3:10:37 PM
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It is indeed very hard to believe the assertion that manufacturing job losses are largely due to productivity improvement. Another post calls McKinsey 'criminal', they may be in respects, as key senior personnel have been convicted of insider trading etc types of issues, but I dont think that 'criminal' act ties to this report.

I can believe if the jobs loss for non-manufacturing/ service was due to productivity, but even there much more than 20% must have been offshored.

There is usually a hidden motive behind many of these reports, one is hard pressed to look beyond support for the positions of larger manufacturing companies like GE. There even GE (Welch) and Intel (Grove) both seem to be having late-life remorse, and categorizing offshoring as a 'major mistake'.

 

Barbara Jorgensen
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Blogger
Re: The Aging population should not be left out
Barbara Jorgensen   1/11/2013 3:08:32 PM
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Hi Lily: There's a part of the report that deals with the difference between manufacturing and service jobs which is also interesting. I think's that where the aging population can play a big role.

Barbara Jorgensen
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Blogger
Re: Re : Manufacturing Job-Growth Equation Is Changing
Barbara Jorgensen   1/11/2013 3:05:03 PM
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I agree--that 20 percent surprised me as well. Every time I drive through out local industrial park it feels much higher!

anandvy
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Supply Network Guru
Re : Manufacturing Job-Growth Equation Is Changing
anandvy   1/11/2013 1:08:37 PM
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A recent analysis by McKinsey & Co., however, finds that only 20 percent of the manufacturing jobs lost in the United States since 2000 can be tied to outsourcing.

@Barbara, thanks for the post. I am surprised to know that the only 20% of the manufacturing jobs in US are lost because of outsourcing. Looking at the opposition to the outsourcing in US, I thought the figure was much higher. Although its good to know that productivity will continue to rise but steps should be taken to limit the impact of this productivity on job loss.




chipmonk
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Production Synthesizer
Re: The Aging population should not be left out
chipmonk   1/11/2013 12:14:00 PM
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It does not surprise me at all that McKinsey is now trying to downplay the impact of loss of manufacturing jobs to the US economy. They are very much one of the criminal enterprises that profited by advocating unregulated outsourcing of manufacturing as well as siphoning of US knowhow and infrastructure to China. at the very least they deserve to be hauled to senate hearings for causing grave harm to the US economy and undermining future US competitiveness.  

None of their claims hold water. Job loss in Germany or So. Korea has been insignificant compared t the US. Manufacturing jobs are engines of growth and create 2 to 3 service jobs. This is what expains the 1:5 ratio between Mfg. jobs lost vs overall unemployment. Every $ of trade deficit wirh China ( mostly due to outsourced Mfg. ) actually costs the US economy $ 3 ( unemployment benefits, loss of service jobs, loss of tax revenue, higher price of food, fuel and raw materials because now the Chinese can buy more, higher defense budget to keep the Chinese from attacking small countries, profit from outsourcing funneled to buy politicians and corrupt democracy in the US ).

10 % lower price at Wal Mart and manipulated bubbles in stock price are hardly a compensation for the disruption that the likes of McKinsey have causd.

Lily
User Rank
Inventory Controller
The Aging population should not be left out
Lily   1/10/2013 9:40:41 PM
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With the improvement of productivity, the labor-intensive industries will become increasingly less, which undoubtedly has an impact on the employment. But the situation of aging population is also intensifies, which can make up the job decrease situation caused by the enhance of productivity to some extent. 



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