JoeB131
Diamond Member
If you are in manufacturing, and your world is manufacturing, you're probably going to think that the world around you is bad because manufacturing employment has been in decline for the past 10, 20, 30 years. The days of the high school dropout who can spend a lifetime in a factory and make a good living are over. But even though manufacturing output continues to rise, manufacturing employment only accounts for ~10% of all the jobs in this country.
Now if you are educated and you work in information technology or healthcare, you are probably making a much better living. Yes, Cleveland sucks, so go to San Mateo and see the future. Knowledge industries are where the growth will be. Manufacturing not so much.
Actually, I'm not even sure if that's the case. You might see a renaissance in manufacturing. Cost pressures are rising in China, and with fracking unlocking an ocean of gas, we may see manufacturing jobs start growing again. But nonetheless, more jobs will be created in knowledge industries than in manufacturing. A quarter of all jobs created in the economy since 1970 are in industries that did not even exist 40 years ago. That will continue.
I heard that swan song crap in the 1990's. But its easier to offshore information technology than it is manufacturing. Manufacturing goods are physical andyou have to move them.
So while we did have a huge boom in IT technologies in the 1990's, the same bloodsuckers that moved the manufacturing jobs to China are now moving the IT jobs to India, and when my computer breaks down, I get some guy named Pradip who claims his name is Bobby to help me.
"Hello, my name is Bobby, how may I provide excellent Customer Service today!"