Current Affairs Donald Trump POS: Judgement cometh and that right soon

[ilikecheese]

True but why abandon now at the cost of local communities, when we could slowly introduce the educational side alongside it for a smoother transition?

Manufacturing/natural resource extraction/Steel have all been automated and therefore those jobs simply don't exist like they used to.

If we open a coal mine it will employ just a small handful of people. This didn't happen overnight. This has happened over decades. Many of those downtrodden communities will never be the same and haven't been the same for a long time.

I look at Indianapolis, Columbus, and Pittsburgh of examples of cities that reinvented themselves and adjusted to change. Many places did not and are suffering today because it it. An auto plant that used to employ 10000 now probably employs 1000. Only a guess but automation has eliminated most of these jobs. Not some trade problem.

 

[roydo]

Well I guess I meant running a surplus of over £1trillion were they are now in the position of ditching its oil and gas industry and spending billions on new renewable alternatives plus it’s a good place to live, even though taxes are quite high, but every citizen is looked after

Yeah, they have managed their resources well.

Doesnt alter the point that a deficit is always bad, and a surplus is always good though.

 

[roydo]

Just giving an example! Give me an example of a country with a massive trade debt that can do those two major things if it came down to it

I never mentioned "massive". Just said a defict isnt always bad.

But to answer the question, China lends you money.

 

[Yoda]

Yeah, they have managed their resources well.

Doesnt alter the point that a deficit is always bad, and a surplus is always good though.

Yeah but show me a country that has a massive trade deficit in the same position to offer the same 3 things Norway can

I never mentioned "massive". Just said a defict isnt always bad.

But to answer the question, China lends you money.

China has been Trading

I never mentioned "massive". Just said a defict isnt always bad.

But to answer the question, China lends you money.

my point is running in a positive trade position give the people of that country major advantages.

Who knows if China after 20 yrs of positive trade keep going like this will be the world power with its citizens benefiting greatly, but then this brings in the other question of hidden communism- maybe for another discussion

 

[Yoda]

Also to our cousins over the pond, happy Independence Day...

 

[roydo]

my point is running in a positive trade position give the people of that country major advantages.[/QUOTE
And over a sustained time frame, I agree. My point was that a trade deficit is not necessarily a bad thing.

A sustained massive one isnt great, granted, but I never mentioned that.

Or to put it another way, focusing ones attention of gaining a surplus, to the detriment of everything else, as might not be the wisest course of action for a nation like the US

 

[ilikecheese]

I'd also like to mention that the United Auto Workers Union is partially reponsible for the decline in Detroit. They extorted these companies for very high wages and pensions. That is why auto plants opened in other places around the country like the South.

 

[ilikecheese]

You guys have probably never heard of Amazon Go stores. They are a new thing Amazon is testing...and they are working. Amazon bought Whole Foods for a reason. I expect them to eventually convert them all to 'Go' stores.

They are cashierless grocery stores. You walk in, fill up your bags and walk out. You get a receipt immediately after.

Automation will continue to change the labor force. I mean McDonalds has converted a bunch of their locations where you ring yourself up and they bring the food to you. Currently they still staff them normally, but make no mistake as they train their customers how to shop many of those jobs will disappear.

 

[Yoda]

I'd also like to mention that the United Auto Workers Union is partially reponsible for the decline in Detroit. They extorted these companies for very high wages and pensions. That is why auto plants opened in other places around the country like the South.

Yeah unions have previous in this kind of thing. Should concentrate on showing your productivity and what you can do rather than have some people who’ve hardly worked dictate what you should have, earn it don’t demand it, some Union leaders have a lot to answer for

 

[Yoda]

You guys have probably never heard of Amazon Go stores. They are a new thing Amazon is testing...and they are working. Amazon bought Whole Foods for a reason. I expect them to eventually convert them all to 'Go' stores.

They are cashierless grocery stores. You walk in, fill up your bags and walk out. You get a receipt immediately after.

Automation will continue to change the labor force. I mean McDonalds has converted a bunch of their locations where you ring yourself up and they bring the food to you. Currently they still staff them normally, but make no mistake as they train their customers how to shop many of those jobs will disappear.

Yeah saw this last year, still experimental but it did turn my head. Maybe 15 yrs away but I can see it coming into the mainstream

 

[ilikecheese]

Yeah saw this last year, still experimental but it did turn my head. Maybe 15 yrs away but I can see it coming into the mainstream

Amazon is expanding it already, and they now own 479 Whole Foods Markets. It will happen sooner than that.

Truck drivers, bus drivers, taxi drivers, pilots, and many other jobs will be replaced in the next couple of decades.

Might be time for some to go back to school and learn a job that would support these changes that will happen.

 

[ilikecheese]

Yeah unions have previous in this kind of thing. Should concentrate on showing your productivity and what you can do rather than have some people who’ve hardly worked dictate what you should have, earn it don’t demand it, some Union leaders have a lot to answer for

My problem with unions is they lie to their would be members. I was in charge of a ununionized group of bus drivers. They made a well above industry standard wage. Their representatives conned these people into unionizing by making promises they couldn't keep. Namely a 25-30% wage increase which was never, ever going to happen. Once you vote to unionize and negotiate a collective bargaining agreement it is not very easy to deunionize.

 

[verreauxi]

Well I guess I meant running a surplus of over £1trillion were they are now in the position of ditching its oil and gas industry and spending billions on new renewable alternatives plus it’s a good place to live, even though taxes are quite high, but every citizen is looked after

I don't think that is how trade surpluses work. You can have a huge trade surplus and the economy can still enter into recessions.

More importantly, I'm not seeing how Trump's tariff on Chinese steel is going to have knock-on effects, as you claimed, that will result in the opening of steel foundries here in the USA. I am not seeing the steps to how this works. Instead, what I see is trade-war, in which American consumers are hurt by high prices and American agriculture is hurt by tariffs. How is this "beneficial" to the US citizens?

 

[Yoda]

My problem with unions is they lie to their would be members. I was in charge of a ununionized group of bus drivers. They made a well above industry standard wage. Their representatives conned these people into unionizing by making promises they couldn't keep. Namely a 25-30% wage increase which was never, ever going to happen. Once you vote to unionize and negotiate a collective bargaining agreement it is not very easy to deunionize.

You ain’t getting an argument out of me there, totally agree

 

[ilikecheese]

I don't think that is how trade surpluses work. You can have a huge trade surplus and the economy can still enter into recessions.

More importantly, I'm not seeing how Trump's tariff on Chinese steel is going to have knock-on effects, as you claimed, that will result in the opening of steel foundries here in the USA. I am not seeing the steps to how this works. Instead, what I see is trade-war, in which American consumers are hurt by high prices and American agriculture is hurt by tariffs. How is this "beneficial" to the US citizens?

It's low hanging fruit. It's easy to explain: defecit=bad, surplus=good. When there are a million other factors at play. It's even worse when Trump flat out lies and says stuff like we have a defecit with Canada. It's an out and out lie.