Trump hails ‘manufacturing miracle’ as factories bleed jobs
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  Trump hails ‘manufacturing miracle’ as factories bleed jobs
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Author Topic: Trump hails ‘manufacturing miracle’ as factories bleed jobs  (Read 327 times)
Beet
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« on: September 20, 2020, 06:20:47 AM »

"Over the last six months, we’ve witnessed one manufacturing miracle after another," the president said on a visit last month to a Whirlpool factory. Ohio was down 48,000 manufacturing workers in July from last year. Pre-pandemic, it had lost 2,200 workers in February from last year.

The trend is mirrored nationwide. Manufacturing across the U.S. is still down 720,000 workers from February despite gaining 29,000 jobs in August, with the pandemic more than wiping out the overall modest gains of 500,000 from Trump's first three years in office — about the same pace of growth as under President Barack Obama. It was not an improvement over prior years — nor did it manage to restore more than a fraction of the jobs lost in the previous decade, according to an August analysis by the Economic Policy Institute.

A Bureau of Labor Statistics analysis released Sept. 1 said that even prepandemic, the sector was on track to lose nearly 450,000 workers by 2029, the most of any area of the economy. At the same time, output has made a notable recovery due to increased automation, with the industrial production index bouncing back to almost 98 in July — less than 10 points down from February.

That disparity means that many of the losses are likely permanent, economists say.

https://www.politico.com/news/2020/09/16/trump-manufacturing-jobs-record-415588
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NOVA Green
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« Reply #1 on: September 20, 2020, 03:31:30 PM »

I have long maintained that Trump's "promise" to bring back MFG jobs to America was a key reason for his 2016 EC win, as well as major swings in heavily MFG sectors / cities / regions.

Trump performed well among not only actual MFG workers, but also retirees in sectors / regions most heavily impacted by the loss of MFG jobs, and in some cases even the decimation of entire local economies.

Trump's failed promise in this regard was a key factor in his erosion of support starting over a Year ago, even prior to COVID-19 & protests for racial justice and equality in policing policies transformed the terrain of the 2020 GE PRES campaign.

As I have mentioned previously elsewhere, even in sectors where there has been an increase in MFG jobs and "jobs coming back", they generally pay significantly lower than they had previously, as I can attest to as worker in a large facility with a significant MFG component.

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DINGO Joe
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« Reply #2 on: September 20, 2020, 03:34:13 PM »

Trump digs coal!
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