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Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing Jobs

DA60

DA60

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mfg%20vs%20waiter%20august%202016.jpg


Since 2014 The US Has Added 520,000 Waiters And Bartenders And Lost 13,000 Manufacturing Workers | Zero Hedge


Not good...unless you are an alcoholic with plenty of cash and prefer your goods made in China rather than America.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

The jobs market is in transition. I don't consider it a bad thing except for those people who feel that scraping by in high school entitles them to some middle class lifestyle.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

backpacker said:
The jobs market is in transition. I don't consider it a bad thing except for those people who feel that scraping by in high school entitles them to some middle class lifestyle.
Click to expand...

You can't finance an America on $20 an hour jobs. China is eating our country.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

DA60 said:
mfg%20vs%20waiter%20august%202016.jpg


Since 2014 The US Has Added 520,000 Waiters And Bartenders And Lost 13,000 Manufacturing Workers | Zero Hedge


Not good...unless you are an alcoholic with plenty of cash and prefer your goods made in China rather than America.
Click to expand...

You'll see more of that unless we see the cost of labor fall in some way. A higher minimum wage will aggravate the situation. Of course the world is not only bars and factories, but as a simile it is a major part of the story. So what to do?
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

chuckiechan said:
You can't finance an America on $20 an hour jobs. China is eating our country.
Click to expand...

If we allowed people to work at lower wages and reduced regulations there would be more production jobs.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

backpacker said:
The jobs market is in transition. I don't consider it a bad thing except for those people who feel that scraping by in high school entitles them to some middle class lifestyle.
Click to expand...

Sure it is. But it has already done so too much. We are doing too much production of non-tradables and importing too many tradables by comparison. This is great as long as the world will finance it. But how many dollars do people need out there without spending them?
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

joG said:
If we allowed people to work at lower wages and reduced regulations there would be more production jobs.
Click to expand...
True, but they'd be at lower wages and reduced regulation! ;)
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Chomsky said:
True, but they'd be at lower wages and reduced regulation! ;)
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So let them go on permanent leave, I guess. At least that is what we seem to have chosen the last three decades. I am sure glad my profession is higher paying. Though, parts of it did leave the US, because of regulation and taxes. :comp: makes it easy.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

joG said:
So let them go on permanent leave, I guess. At least that is what we seem to have chosen the last three decades. I am sure glad my profession is higher paying. Though, parts of it did leave the US, because of regulation and taxes. :comp: makes it easy.
Click to expand...
Yep, in America the future for good careers seems to be in knowledge, vs manufacturing.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

And there is next to nothing you can do about it.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Chomsky said:
Yep, in America the future for good careers seems to be in knowledge, vs manufacturing.
Click to expand...

It has been that way since ~1970.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

joG said:
If we allowed people to work at lower wages and reduced regulations there would be more production jobs.
Click to expand...

No you could not. Why do that when you can pay a machine $0/hour and $0.20/hour in upkeep? Technology and the global economy make that an impossibility. You cannot just simply allow people to work at lower wages.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Carjosse said:
It has been that way since ~1970.
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Finance isn't doing too shabby, either! ;)
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Chomsky said:
Finance isn't doing too shabby, either! ;)
Click to expand...

Well that is knowledge.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Chomsky said:
Finance isn't doing too shabby, either! ;)
Click to expand...

Banks have laid of tens of thousands of workers in the last several years. Many more to follow. Not sure what you consider not to shabby.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

washunut said:
Banks have laid of tens of thousands of workers in the last several years. Many more to follow. Not sure what you consider not to shabby.
Click to expand...

Those have mostly been related to retail banking, people like tellers and those who support retail banking operations, that is due to the shift to things like online banking. The actual bankers and financial analysts are fine.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Carjosse said:
Those have mostly been related to retail banking, people like tellers and those who support retail banking operations, that is due to the shift to things like online banking. The actual bankers and financial analysts are fine.
Click to expand...

Perhaps in Canada, not true in the U.S. Traders have been at the major investment houses. Incomes, while still high have been cut.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

DA60 said:
mfg%20vs%20waiter%20august%202016.jpg


Since 2014 The US Has Added 520,000 Waiters And Bartenders And Lost 13,000 Manufacturing Workers | Zero Hedge


Not good...unless you are an alcoholic with plenty of cash and prefer your goods made in China rather than America.
Click to expand...

Between 2001 and 2008, this chart would be used to portray "McJobs" and highlight the lies of the administration.

Now, the Red Line is omitted and the graph is used to show the Obama Recovery.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Chomsky said:
Yep, in America the future for good careers seems to be in knowledge, vs manufacturing.
Click to expand...

Which will make the low knowledge jobs rare and very sought after, if we increase the wages they pay. It will be interesting to see the poor fight for them and how the liberals will fix it, without losing the vote of half the poor as the SPD has in Germany.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Carjosse said:
No you could not. Why do that when you can pay a machine $0/hour and $0.20/hour in upkeep? Technology and the global economy make that an impossibility. You cannot just simply allow people to work at lower wages.
Click to expand...

Why? Because the machine costs $ 8 in wright-off and upkeep. So its fine to use the old ones till the wage is $ 8.50.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

washunut said:
Banks have laid of tens of thousands of workers in the last several years. Many more to follow. Not sure what you consider not to shabby.
Click to expand...
I was speaking to professional finance & accounting jobs in general, not just retail banking.

BLS backs me up, in this:

Financial Analysts : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics

Personal Financial Advisors : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics

There's plenty more.

Finance & accounting are doing far better than manufacturing - without a doubt (which was the comparison).
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

joG said:
Why? Because the machine costs $ 8 in wright-off and upkeep. So its fine to use the old ones till the wage is $ 8.50.
Click to expand...
Why would wages ever go down? Not to mention the machine does not cost $8/hour, machines are much cheaper in the long run and can be run for pennies an hour. They also do not need breaks or benefits and do the exact same quality of work no matter what. Then there is a whole giant factor of a global economy, you cannot compete with Chinese wages, except with machines.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

the graph is a lie, do your homework people
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Chomsky said:
I was speaking to professional finance & accounting jobs in general, not just retail banking.

BLS backs me up, in this:

Financial Analysts : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics

Personal Financial Advisors : Occupational Outlook Handbook: : U.S. Bureau of Labor Statistics

There's plenty more.

Finance & accounting are doing far better than manufacturing - without a doubt (which was the comparison).
Click to expand...

Finance covers a lot of sub sectors. You are correct on the two referenced.
 
Re: Since 2014 The US Added 520,000 Waiters/Bartenders but Lost 13,000 Manufacturing

Carjosse said:
Why would wages ever go down? Not to mention the machine does not cost $8/hour, machines are much cheaper in the long run and can be run for pennies an hour. They also do not need breaks or benefits and do the exact same quality of work no matter what. Then there is a whole giant factor of a global economy, you cannot compete with Chinese wages, except with machines.
Click to expand...

A robot has yet to cook a perfect coq au vin.
We chefs are pretty safe for quite a while.
That means lots of entrepreneurs and chefs oeining up restaurants and hiring people.
Before I opened my first restaurantI was making $65000 a year.
Not to shabby.

Economies change and to not just survive in today's job market but to thrive all you need is this simple formula to start.
Hard work+saving money+getting a better education+networking+having achievable goal+some luck+Prosperity.
The first step is up to you,and to be honest,a lot of people see the first part of the formula (hard work) and go running screaming to the hills.
What the graph doesn't show is that with the rise of waiters(somehow,that graph makes it seem that being a waiter is a bad thing) there is also a rise in cooks.
I have waiters who make $600 to $700 an hour just off tips
For high end restaurants like mine,my customers prefer to bewaited by humans rather tha Robbie the Robot
 
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