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U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

Gimmesometruth said:
This is going right in the old memory bank with "Inflation is "irrelevant" for wages".

I could not make this up, I am just not deluded enough.
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Pathetic ad hominems are pathetic.

So a basket of goods is required to measure inflation, always? Do tell?
 
AmazonTania said:
No one disputes that, but it's manufacturing output is still lower.
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In terms of GDP, yes. However, the U.S. is primarily a service orientated economy. In terms of total manufacturing, the U.S. is still no.1 (China's manufacturing sector has contracted as of late, pushing the U.S. back to no.1).


In monetary terms, manufacturing output is very high, but as a portion of GDP it's very low.
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You are moving the goalposts. I am not arguing that U.S. manufacturing as a % of GDP is high, so trying to make it the focal point of your response is questionable.

Manufacturing is on a global decline, but America is really losing ground on this particular area.
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It is referred to as economic convergence. Industrialization just happens to be the particular path.
 
AmazonTania said:
There are plenty of regulations and compliance rules in the Federal Register which needs repealing.
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Well, that was rather generic. A more specific "generalization" might help one to understand your point...
 
AmazonTania said:
Actually the BMI is used by economist and individuals in the financial industry all over the world to measure inflation.
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You keep telling yourself that, I won't stop you.



The item is the medium. The metric is the formula used to determine the currency's value. Sounds like someone doesn't understand the CPI. That's *yawn*... not surprising.
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Hon....PPP is not CPI, single data point is not CPI, the effect of value added taxes are not part of CPI, the effect of differing levels of inflation between countries is not in the CPI.....but all of those items are in the BMI.

But you go on with your beloved BMI, I won't stop you.
 
AmazonTania said:
Pathetic ad hominems are pathetic.

So a basket of goods is required to measure inflation, always? Do tell?
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Uh....yes....if you want a broad measure of inflation within a nation's economy........or else you could rely on some single data point skewed by exchange rates, VAT's, differing levels of inflation in other countries......and believe it reflects a measure of inflation within your own country.

I won't stop you from believing that.
 
AlabamaPaul said:
Well, that was rather generic. A more specific "generalization" might help one to understand your point...
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The decline in US Manufacturing didn't happen overnight, and there has been 35,000 pages added to the Federal Register when America started running it's first set of trade deficits. To go through even a few would take all day. But for starters there is the Utility Maximum Achievable Control Technology rule and the Paid Sick Leave rule.

It's more the cost of compliance than it is the regulations. Complying with workplace regulations cost an average of $2.2 million per manufacturing firm or about $1,700 per employee.
 
AmazonTania said:
The decline in US Manufacturing didn't happen overnight, and there has been 35,000 pages added to the Federal Register when America started running it's first set of trade deficits. To go through even a few would take all day. But for starters there is the Utility Maximum Achievable Control Technology rule and the Paid Sick Leave rule.

It's more the cost of compliance than it is the regulations. Complying with workplace regulations cost an average of $2.2 million per manufacturing firm or about $1,700 per employee.
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Would it be too difficult to just say we need to put in place policies that would encourage manufacturers to do business in the country?
 
AmazonTania said:
The decline in US Manufacturing didn't happen overnight, and there has been 35,000 pages added to the Federal Register when America started running it's first set of trade deficits. To go through even a few would take all day. But for starters there is the Utility Maximum Achievable Control Technology rule and the Paid Sick Leave rule.

It's more the cost of compliance than it is the regulations. Complying with workplace regulations cost an average of $2.2 million per manufacturing firm or about $1,700 per employee.
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Bah! Screw OSHA! Nobody loses a hand when working on stock trades! And those that do can be cheaply replaced these days!
 
AlabamaPaul said:
Your Liberal views would be wrong...
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Yes, they were wrong for many years but I finally overcame the brainwashing and succumbed to common sense and logic. That is why I understand the liberals on this thread and others.
 
AlabamaPaul said:
Would it be too difficult to just say we need to put in place policies that would encourage manufacturers to do business in the country?
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Oh c'mon bama, she said "get rid of regs"....you don't like that blatancy, you want it more flowery?
 
Conservative said:
Yes, they were wrong for many years but I finally overcame the brainwashing and succumbed to common sense and logic. That is why I understand the liberals on this thread and others.
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You might understand most but not all Liberals that post...
 
Gimmesometruth said:
You keep telling yourself that, I won't stop you.
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Actually, they do. But excuse me if I don't Cling on the words of some nobody on an internet forum too clueless to know better.

Big Mac Index Shows Official CPI Underreports Inflation - Forbes

Hon....PPP is not CPI, single data point is not CPI, the effect of value added taxes are not part of CPI, the effect of differing levels of inflation between countries is not in the CPI.....but all of those items are in the BMI.

But you go on with your beloved BMI, I won't stop you.
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It doesn't just measures inflation between countries.

But keep telling yourself that. I won't stop you.
 
Gimmesometruth said:
Bah! Screw OSHA! Nobody loses a hand when working on stock trades! And those that do can be cheaply replaced these days!
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My you're very clueless. I can see why you're a regular here.

osha.png

In the meantime, stop creating strawmen. Thank you.
 
Gimmesometruth said:
Uh....yes....if you want a broad measure of inflation within a nation's economy........or else you could rely on some single data point skewed by exchange rates, VAT's, differing levels of inflation in other countries......and believe it reflects a measure of inflation within your own country.

I won't stop you from believing that.
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No one asked for a broad measure of inflation. Just inflation in general. Anyone can pick up a few items, measure the increases and decreases, use the methodology and determine whether or not there is inflation. It's done all the time.

I'm sorry if you're not equipped enough to understand how things work in the financial community. Might I suggest leaving the forum once in a while?
 
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Gimmesometruth said:
I never said it did measure inflation in any meaningful manner EVER. Talk about straw!
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Whether or not you believe it's meaningful or not is your opinion. The point is that it's used as an inflation metric and many individuals in the financial community use it as an inflation metric. It offers much more data than simple PPP and currency exchange. Thing of it like purchasing real-time data for your stock trading platform, but excuse me if I mistook you for a scholar. I'll never do that again.

Regardless of your opinions and what you may think, you are wrong.
 
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Kushinator said:
In terms of GDP, yes. However, the U.S. is primarily a service orientated economy. In terms of total manufacturing, the U.S. is still no.1 (China's manufacturing sector has contracted as of late, pushing the U.S. back to no.1).
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That's true.


You are moving the goalposts. I am not arguing that U.S. manufacturing as a % of GDP is high, so trying to make it the focal point of your response is questionable.
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I never said you argued it. That is what I am arguing. I am showing that the manufacturing output per worker and the output as a percentage of GDP is contradictory. Other countries have a lower manufacturing output per worker, but they produce more as a percentage of their economy, indicating that they are more productivity

It is referred to as economic convergence. Industrialization just happens to be the particular path.
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Yes, but other counties still have a relatively strong manufacturing base.
 
AmazonTania said:
No one asked for a broad measure of inflation. Just inflation in general.
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Oh SNAP....did you just go all semantically on me? What is next, broad is NOT general? FFS!

And yes, if you are trying to determine inflation for consumers, it is always better to gather as many price point as possible....if you are concerned about accuracy...but then, those who believe inflation to be irrelevant....or use singe data points between nations/currencies....probably are not.


Anyone can pick up a few items, measure the increases and decreases, use the methodology and determine whether or not there is inflation. It's done all the time.
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Except when it is irrelevant, or a single item.....that is.

I'm sorry if you're not equipped enough to understand how things work in the financial community. Might I suggest leaving the forum once in a while?
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Like I said, if this is representative of the financial world....I would be concerned......but thankfully, you are not.
 
AlabamaPaul said:
Would it be too difficult to just say we need to put in place policies that would encourage manufacturers to do business in the country?
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There are plenty of trade defense measures, tariffs buy America measures, tax measures including a Domestic Production Activities Deduction. I don't know what more can be done.

Well, the corporate tax has to go.
 
AmazonTania said:
There are plenty of trade defense measures, tariffs buy America measures, tax measures including a Domestic Production Activities Deduction. I don't know what more can be done.

Well, the corporate tax has to go.
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I would agree with the elimination of taxes on activities related to productive output, as that would tend to soak up excess labor, but I would be reluctant to eliminate taxes on activities that are solely rentier in their origin. I also have no issue with leveling the ground, so to speak, in relation to equitable competition among countries which wish to sell into our country...
 
AmazonTania said:
Whether or not you believe it's meaningful or not is your opinion. The point is that it's used as an inflation metric and many individuals in the financial community use it as an inflation metric. It offers much more data than simple PPP and currency exchange. Thing of it like purchasing real-time data for your stock trading platform, but excuse me if I mistook you for a scholar. I'll never do that again.

Regardless of your opinions and what you may think, you are wrong.
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You keep elevating it from the joke that the Economist created....to a reference used by financial types......to SCHOLARS!

I know you have a LOT invested in it as far as your standing here....but really.....scholars?

If you say so....
 
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