Mr. Eichenbaum is as wrong as wrong can be for multiples of reasons. First of all, the US service sector grew BECAUSE of manufacturing, not as some sort of natural process. Secondly, loss of manufacturing is only a "symptom" of the problem, not the problem itself, and that "problem" is unfair trade practices wherein countries prohibit US imports while exporting massive amount of goods to the US.
Oh, and FYI, there's even an expression about that, "coal to Newcastle".
Out of touch elitists trying to tell us these jobs were bad. Nonsense. I grew up in Rockford Ill a major manufacturing center. People could get solid jobs with benefits and they raised families and gave their kids a brighter future if they chose to attend College. I saw the beginning of sending jobs to asia in 72 and factories were closing and hundreds of jobs lost. Homes were lost, crime increased. Did they learn to code? Hell no. People that suggest that are idiots out of touch with people at lower incomes. Look how good these elites did for us? Working in Walmart and warehouses was not an improvement. Only idiots think value added products are not needed. Globalists raped the west and enriched Asia. This leaves us incredibly vulnerable. Hey, globalists. Your day is over. The damage was catastrophic. Its time to rebuild
I spent my professional years creating wealth in manufacturing.
Who does it in the service economy ?
Mr. Eichenbaum is as wrong as wrong can be for multiples of reasons. First of all, the US service sector grew BECAUSE of manufacturing, not as some sort of natural process. Secondly, loss of manufacturing is only a "symptom" of the problem, not the problem itself, and that "problem" is unfair trade practices wherein countries prohibit US imports while exporting massive amount of goods to the US.
Oh, and FYI, there's even an expression about that, "coal to Newcastle".
Out of touch elitists trying to tell us these jobs were bad. Nonsense. I grew up in Rockford Ill a major manufacturing center. People could get solid jobs with benefits and they raised families and gave their kids a brighter future if they chose to attend College. I saw the beginning of sending jobs to asia in 72 and factories were closing and hundreds of jobs lost. Homes were lost, crime increased. Did they learn to code? Hell no. People that suggest that are idiots out of touch with people at lower incomes. Look how good these elites did for us? Working in Walmart and warehouses was not an improvement. Only idiots think value added products are not needed. Globalists raped the west and enriched Asia. This leaves us incredibly vulnerable. Hey, globalists. Your day is over. The damage was catastrophic. Its time to rebuild