Saturday, July 5, 2008

Manufacuring Industry is Important (Stop killing it Unions!!)

So I have always said that it is bad for the American economy to shift away from manufacturing towards a full service industry. The idea that that was a good thing just seemed completely silly to me. The service industry is just too responsive to economic downturns and also creates huge trade deficits with foreign countries which weakens the dollar. Wow, that idea is being proven true in the current weakened economy and surprise, surprise, someone of apparent importance finally agrees with me:
http://www.reuters.com/article/blogBurst/environment?type=environmentNews&w1=B7ovpm21IaDoL40ZFnNfGe&w2=B8fgRsdourbPDamNeJo0MHq&src=blogBurst_environmentNews&bbPostId=Cz854tWRKKaRnCzAVm294vh37CBA9RUIa32XuWB1BVBGtpBYWp&bbParentWidgetId=B8fgRsdourbPDamNeJo0MHq

So anyway, be a good American and buy American. You can only help yourself.

Also, unions, you need to learn to work within the confines of the modern economy. You have to allow companies to use modern advances that minimize the required work force or you will force what little manufacturing we have right out of the country (hint, look at the collapse of the steel industry or the current move of Ford to build their new plant in Mexico because they couldn't get the Union to agree to the use of robotic arms). You have to recognize you can't retire after 30 years to full benefits unless you want to put your fellow workers out of work. You have to be realistic or you will just hurt yourselves.

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