Comments on: Big Industry in Manufacturing Myths http://cafehayek.com/2008/08/big-industry-in.html where orders emerge Mon, 16 Jan 2012 02:06:33 +0000 hourly 1 http://wordpress.org/?v= By: david foster http://cafehayek.com/2008/08/big-industry-in.html/comment-page-1#comment-29101 david foster Mon, 01 Sep 2008 09:49:45 +0000 http://localhost/wordpress/?p=3105#comment-29101 <p>"Total goods produced" and "total salaries in manufacturing" are BOTH interesting numbers. Higher productivity should in theory allow higher wages, and historically it has done so. Remember, Henry Ford was able to increase production, lower prices, and increase wages, all at the same time.</p> <p>The "salaries in manufacturing" number, though, should include jobs other than direct labor: design engineers, industrial engineers, procurement people, etc--both automation and shortening of product lifecycles will tend to shift more of the personnel to these categories. Unfortunately, it would probably be very hard to pull out the domestic-only component of these functions in most companies.</p> "Total goods produced" and "total salaries in manufacturing" are BOTH interesting numbers. Higher productivity should in theory allow higher wages, and historically it has done so. Remember, Henry Ford was able to increase production, lower prices, and increase wages, all at the same time.

The "salaries in manufacturing" number, though, should include jobs other than direct labor: design engineers, industrial engineers, procurement people, etc–both automation and shortening of product lifecycles will tend to shift more of the personnel to these categories. Unfortunately, it would probably be very hard to pull out the domestic-only component of these functions in most companies.

]]> By: John Dewey http://cafehayek.com/2008/08/big-industry-in.html/comment-page-1#comment-29100 John Dewey Mon, 25 Aug 2008 06:44:36 +0000 http://localhost/wordpress/?p=3105#comment-29100 <p><em>happyjuggler: "Your point about businesses buying manufactured goods is also insightful and pertinent, and something I and others tend to overlook, or not realize"</em></p> <p>I worked in the Purchasing department of a large transportation company for a couple of years. I was once a buyer for a national restaurant company. I'm probably more aware than most of the variety of goods that big corporations buy. </p> happyjuggler: "Your point about businesses buying manufactured goods is also insightful and pertinent, and something I and others tend to overlook, or not realize"

I worked in the Purchasing department of a large transportation company for a couple of years. I was once a buyer for a national restaurant company. I'm probably more aware than most of the variety of goods that big corporations buy.

]]> By: Crusader http://cafehayek.com/2008/08/big-industry-in.html/comment-page-1#comment-29099 Crusader Sat, 23 Aug 2008 17:50:54 +0000 http://localhost/wordpress/?p=3105#comment-29099 <p>There is nothing holy about manufacturing jobs or any other type of job for that matter. All that matters is becoming marketable for the types of jobs that the economy currently supports or will support in the future. If you don't really like that model, get the FUCK out of my country and go lick the grass in North Korea.</p> There is nothing holy about manufacturing jobs or any other type of job for that matter. All that matters is becoming marketable for the types of jobs that the economy currently supports or will support in the future. If you don't really like that model, get the FUCK out of my country and go lick the grass in North Korea.

]]> By: happyjuggler0 http://cafehayek.com/2008/08/big-industry-in.html/comment-page-1#comment-29098 happyjuggler0 Sat, 23 Aug 2008 16:05:52 +0000 http://localhost/wordpress/?p=3105#comment-29098 <p><i>which in part will manufacturers....<br /> </i></p> <p>should read:</p> <p>"which in part will <b> be</b> manufacturers...."<br /> </p> which in part will manufacturers….

should read:

"which in part will be manufacturers…."

]]> By: happyjuggler0 http://cafehayek.com/2008/08/big-industry-in.html/comment-page-1#comment-29097 happyjuggler0 Sat, 23 Aug 2008 13:53:35 +0000 http://localhost/wordpress/?p=3105#comment-29097 <p>John Dewey,</p> <p>I almost forgot. Your point about businesses buying manufactured goods is also insightful and pertinent, and something I and others tend to overlook, or not realize, in talks about manufacturing.</p> <p>If we can get people who want to tax the crap out of businesses to realize they are a significant source of demand for manufacturing, perhaps US corporate tax rates will become lower, leading to more companies actually opening up shop in the US than otherwise would have been the case, which in part will manufacturers....</p> John Dewey,

I almost forgot. Your point about businesses buying manufactured goods is also insightful and pertinent, and something I and others tend to overlook, or not realize, in talks about manufacturing.

If we can get people who want to tax the crap out of businesses to realize they are a significant source of demand for manufacturing, perhaps US corporate tax rates will become lower, leading to more companies actually opening up shop in the US than otherwise would have been the case, which in part will manufacturers….

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