American Economics Thread

Nobo

Nobo

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chgough34 said:
the U.S. manufacturing sector is very broad and highly productive and larger than it ever has been in history

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US manufacturing? Is it some sorta hilarious joke designed to make us laugh? We know how "broad & highly productive & larger" US "manufacturing" is,it depends on how you define manufacturing & what they manufacture. We all know US has "industries" no other civilized country will ever want to have :rolleyes::rolleyes: So yeah, good luck with the manufacturing :rolleyes::rolleyes:
chgough34 said:
It’s not. (for everyone else) Industrial production is both not a measure of manufacturing per se, it’s three parts: manufacturing, utilities, and mining; it’s also a measure of gross, instead of net production.
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Of course of course, & PISA & IQ test isnt a good indicator of how productive "americans" are, sometimes i forget which americans i am even referring to, is it the natives or latins :rolleyes::rolleyes:
chgough34 said:
regardless; the point (which I tried to illustrate with the agricultural example) is that declines in payroll are not necessarily declines in output. If output per worker increases dramatically, then the need for as many workers declines
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Yeaa, now i get where you are coming from. Like PISA , IQ doesnt matter, because the "americans" like to score themselves up in "magical" categories, you will have come up with another matrix where americans will be number 0 forever :rolleyes::rolleyes:

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So according to this, US ranks 13th , with quality & safety and affordability(!!) score of almost 90,while availability & sustainability score being below 70 (So it's affordable,but not available or sustainable?!!)

And China ranks 25th with over 1.4 billion people, China ranks neck & neck at affordability, vastly outscores at availability, then when it comes to magical matrix of safety & sustainability(!!) it gets outscored again.

Instead of making us going through all the bs, you should establish a matrix called "bob-vagene" matrix, nobody will dare to compete there with US, they will remain at top forever (india being the distant second) :rolleyes::rolleyes:
 
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Serb

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https://twitter.com/i/web/status/1754915047002845546


https://twitter.com/i/web/status/1743791612088795222



The
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, a congressionally mandated Education Department program that has assessed students since 1969,
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the
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and 20 percent of eighth graders are even proficient in math. Only 8 percent and 7 percent, respectively, are “advanced” at those levels.

Overall achievement had decreased in both
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and math
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. So both before and after COVID, our education system appears to be losing the fight against national decline.
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Most Americans factually can't even do basic math and are illiterate and some trolls are convincing us about their supposed "4D chess" high value-added secret productivity, or whatnot.

They will bring some of their over-hyped university educational institutions now - but they are also mostly going to shit due to liberal negative selection ideological bias, nepotism, etc, and are surviving on Asian-American immigrants.

Americans on their own, without high-value immigrants, are pretty dumb by all standards, domestic high-school subject ratings, international PISA scores, degenerating IQ scores, shit culture...

Btw, the US can't import enough immigrants to kickstart high-tech manufacturing, at most they can import enough people to have some good theoretical scientific achievements (Ph.D. scientists), but not enough numbers to work in factories (engineers, technicians), instead of them.
 
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C

chgough34

Junior Member
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Serb said:
https://twitter.com/i/web/status/1754915047002845546


https://twitter.com/i/web/status/1743791612088795222







Most Americans factually can't even do basic math and are illiterate and some trolls are convincing us about their supposed "4D chess" high value-added secret productivity, or whatnot.

They will bring some of their over-hyped university educational institutions now - but they are also mostly going to shit due to liberal negative selection ideological bias, nepotism, etc, and are surviving on Asian-American immigrants.

Americans on their own, without high-value immigrants, are pretty dumb by all standards, domestic high-school subject ratings, international PISA scores, degenerating IQ scores, shit culture...

Btw, the US can't import enough immigrants to kickstart high-tech manufacturing, at most they can import enough people to have some good theoretical scientific achievements (Ph.D. scientists), but not enough numbers to work in factories (engineers, technicians), instead of them.
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Really not sure what this is trying to say - it wasn’t until the late 1960s that free high school became widely available to all American children and it wasn’t until the late 1970s that mandatory attendance laws began to be enforced by AGs and DAs in any manner (
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). Those older cohorts that never went to school or received very little formal education are still alive and would be included in population statistics; when they have children, those children would have substantially worse educational outcomes.

The United States has always been a highly unequal country in every respect, including in human capital; technology achievement and productivity improvements have always been largely concentrated in a small-ish group of individuals before having decades-long diffusion periods, and regardless, the current U.S. population is better educated and has better and more inclusive educational attainment than any previous cohort.
 
M

meedicx

Just Hatched
Registered Member
chgough34 said:
It’s not. (for everyone else) Industrial production is both not a measure of manufacturing per se, it’s three parts: manufacturing, utilities, and mining; it’s also a measure of gross, instead of net production.

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regardless; the point (which I tried to illustrate with the agricultural example) is that declines in payroll are not necessarily declines in output. If output per worker increases dramatically, then the need for as many workers declines
Click to expand...

You should look at the table more closely, it separates industrial production by components like Manufacturing, Utilities and Mining

Or use this chart, which shows US manufacturing output has been flat 2005, almost 20 years ago. This is also after a bunch of hedonic adjustments (ex. volume wise, auto production by volume peaked in 1999, but is up in real terms due to the adjustments. Computer products have even higher adjustments).

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chgough34

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meedicx said:
You should look at the table more closely, it separates industrial production by components like Manufacturing, Utilities and Mining
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Yes: I’m aware. It wasn’t to you in particular, it was to lurkers and passerby.
meedicx said:
Or use this chart, which shows US manufacturing output has been flat 2005, almost 20 years ago. This is also after a bunch of hedonic adjustments (ex. volume wise, auto production by volume peaked in 1999, but is up in real terms due to the adjustments. Computer products have even higher adjustments).

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Right. What I’m saying is that the best way to reconcile the Fed’s indpro numbers with the bea’s value added numbers is that unit quantities of manufacturing have been flat but unit values have increased substantially, which, imo, makes a lot of sense; in both the leading position of many U.S. manufacturers (Dow Chemical, Applied Materials, General Electric, Micron Technology, ThermoFisher, Medtronic, etc) as well as many of the “US can’t scale” stories
 
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chgough34

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broadsword said:
I don't know man, but let's hear @chgough34's take.
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If consumers were actually worried about the economy, why are they spending like there is no tomorrow? If people thought they’d face economic hardship later, they would save more money not spend it.

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the WSJ article you cited mentioned it as well, but it’s partisanship and negative media coverage that drives public opinion. Consumers feel quite confident on their own personal finances and are doing quite well (
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,
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) but they are downbeat on the U.S. economy as a while (because they are republicans and/or they watch tv)
 
Bellum_Romanum

Bellum_Romanum

Brigadier
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chgough34 said:
If consumers were actually worried about the economy, why are they spending like there is no tomorrow? If people thought they’d face economic hardship later, they would save more money not spend it.

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the WSJ article you cited mentioned it as well, but it’s partisanship and negative media coverage that drives public opinion. Consumers feel quite confident on their own personal finances and are doing quite well (
Please, Log in or Register to view URLs content!
,
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) but they are downbeat on the U.S. economy as a while (because they are republicans and/or they watch tv)
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Are we sure this is not @sleepystudent apprentice? Man, the level of cognitive dissonance, and hubris from this guy about the state of America and its supposed invincibility is quite unmatched that not even the most unhinged wumao can match.
 
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