Posts
Forbes: America's New Manufacturing Boomtowns
Conventional wisdom for a generation has been that manufacturing in America is dying. Yet over the past five years, the country has experienced something of an industrial renaissance. We may be far from replacing the 3 million industrial jobs lost in the recession, but the economy has added over 330,000 industrial jobs since 2010, with output growing at the fastest pace since the 1990s.
Click to enlarge.
I doubt very much that we will make it to $1,700 per month (inflation adjusted) again. It's just a "conventional wisdom" opinion though.
As a side note, what could possibly go wrong from here? It's not like we're at the very upper edge of a long-term declining trend channel. It's also not like we are stuck there as if unable to punch through. Oh, wait. Never mind.
Source Data:
St. Louis Fed: Custom Chart
9 comments:
Yet over the past five years, the country has experienced something of an industrial renaissance.
Tell me more!
We may be far from replacing the 3 million industrial jobs lost in the recession, but the economy has added over 330,000 industrial jobs since 2010...
WTF!
With industrial renaissances like that, who needs enemies? Seriously.
$11 burgers after the health tax and minimum wage increase and surcharge for using the drive thru using $7 gas. Flipping burgers is manufacturing.
Rob Dawg,
Flipping burgers is manufacturing.
So it is more of an runny-sauce than a renaissance? Fantastic!
November 25, 2012
Hamburger-making machine churns out custom burgers at industrial speeds
Hamburgers are a multi-billion dollar business, and while fast food chains have got the process down to an efficient production line process, making them is still labor intensive with armies of burger flippers and sandwich assemblers. In a move that could put millions of teenagers around the world out of their first job, Momentum Machines is creating a hamburger-making machine that churns out made-to-order burgers at industrial speeds and aims to use it in its own chain of restaurants.
New formula. Manufacturing a robot that makes things shall accrue the implied output of stuff manufactured by those robots. Why count when you can triple count?
Better:
http://research.stlouisfed.org/fred2/graph/?graph_id=129817&category_id=0
Rob Dawg,
We really need to chart the robot labor participation rate.
"There's never been a better time for one robot to buy a half duplex from another robot." - RB000476582, Automated Chief Economist, National Association of Realtor Bots
Futurama "I, Roomate". S1E3
I, Roommate
Bender lives in a robot apartment, which is little more than a two-cubic meter stall, and it soon becomes clear that Bender's cramped apartment cannot meet Fry's needs.
Japan's ultra-tiny house home video, smallest flat in the world
This house sits on 30 square meters...
Post a Comment