Wheres the beef

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Caustic Burno
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Re: Wheres the beef

Postby Caustic Burno » Wed Jul 25, 2018 6:13 am

sstterry wrote:
Caustic Burno wrote:
Bright Raven wrote:
Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.

They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.


We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.


The only problem with this theory is that manufacturing is becoming increasingly automated. What companies seek now is one man to run a computer that controls the robot that does the work of ten men. Soon, manufacturing will no longer be the bedrock of the economy.


It still produces jobs that put money back into the economy. The manufacturing plant has to buy raw material and repair parts creating more jobs. Retail does nothing but suck money out and sends it to manufacturing.
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Mark Twain Quotes. Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.

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Bright Raven
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Re: Wheres the beef

Postby Bright Raven » Wed Jul 25, 2018 6:18 am

sstterry wrote:
Caustic Burno wrote:
Bright Raven wrote:
Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.

They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.


We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.


The only problem with this theory is that manufacturing is becoming increasingly automated. What companies seek now is one man to run a computer that controls the robot that does the work of ten men. Soon, manufacturing will no longer be the bedrock of the economy.


But that is also true of retail! For example, McDonalds is moving toward self service orders and the elimination of the order clerk. Automation affects all facets of commerce, production and manufacturing.
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snoopdog
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Re: Wheres the beef

Postby snoopdog » Wed Jul 25, 2018 7:12 pm

sstterry wrote:
Caustic Burno wrote:
Bright Raven wrote:
Buying power has been diminishing for at least 20 years. Adjusted for time value of money, wages have been decreasing. It is not about the "average family". It is about families on the lower income side of the bell curve.

They are under the pressure of eroding buying power. Food purchases is one of the areas that suffers due to the pressures. They reduce the quality of their purchases.


We exported manufacturing and buying power at the same time.
Manufacturing pumps income in a community, retail and service suck it out.


The only problem with this theory is that manufacturing is becoming increasingly automated. What companies seek now is one man to run a computer that controls the robot that does the work of ten men. Soon, manufacturing will no longer be the bedrock of the economy.
All true statements , and that is the conundrum , we have to be flexible to find a solution , and many are not . My way or the hiway does not work in the best interest of most people , too many think too small .
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