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Old 07-06-2018, 02:55 PM
Danny B Danny B is offline
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Join Date: Oct 2012
Location: L.A. Ca.
Posts: 4,736
Save the investor, kill the jobs

"U.S. has record 6 million job openings, even as 6.8 million Americans are looking for jobs"
U.S. has record 6 million job openings, even as 6.8 million Americans are looking for jobs
"Inflation Is Back, Part 8: Labor Shortage Reaches “Critical” Point"
America has a massive truck driver shortage. Here's why few want an ...
Construction industry struggles with labor shortage | The Seattle Times

So, who can we blame this on?
"In the United States, the total capacity of all colleges and universities is only 40% of high school graduates."
"The misguided decision to close the majority of LAUSD's once vibrant industrial arts program was made under the false assumptions that it would be too expensive to retrofit them to modern standard"
"3.There are critical shortages in the skilled labor market for mechanics, welders, carpenters, and electricians with starting salaries of over $40,000 that are going unfilled in our society. "
The case for Industrial Arts. -

The Death Of Shop Class And America's Skilled Workforce - Forbes
May 30, 2012 - Shop classes are being eliminated from California schools due to the ... Los Angeles Unified School District (LAUSD) with 660,000 students in ... Without early exposure to shop class many kids are going to lose out on the ...
This is a Fobes article and, evidently, I've used up my free quota of views.

"with the supplier base and knowledge required for manufacturing centered in Asia, the United States no longer has the technological prowess to manufacture many high-tech devices domes*tically. When it comes to applied research and downstream “process innovation,” America lags behind its competitors."
"Corporate research labs that once developed and commercialized breakthrough technologies have been eliminated. And critically, the United States, unlike Germany or Japan or South Korea, lacks key institutions focused on applied research and innovation. "
"U.S. manufacturing employment has fallen 30 percent since 2000. Deindustrialization, which in the 1980s was centered in the heavy industry sectors of the Northeast and Upper Midwest, moved to the Sunbelt after 2000. As U.S. factories closed, the locus of manufac*turing moved to Asia."

" It’s a story with much good news for the nation as a whole . . . [as] mills were able to replace their workers with a new generation of nearly autonomous, computer-run machines.2"
America’s largest import from China is electrical machinery, followed by general machinery. Its largest exports to China: grains, seeds, and fruit.
"But starting in the 1970s and ’80s, American corporations stopped pursuing these long-term research projects. Kressel poignantly describes the demise of lab after lab. These losses include Westinghouse Research Labs, which created the foundational technology for flat-panel displays; Hughes Research Laboratories; the Xerox Palo Alto Research Center; and his own RCA Labs, which was spun off. "
"the search for “shareholder value” pushed companies to outsource manufacturing and to cut corporate R&D,"

"Indeed, activist investors seem to have a special enmity for central corporate labs. The handful of remaining research labs in the United States, such as the lab at DuPont, have come under fire from activist investors. Following the activist-engineered merger of Dow and DuPont (and vast layoffs at DuPont’s central research and development organization), Trian Fund Management’s Nelson Peltz turned his attention to Procter & Gamble. Here again, the activist sought a “lean holding company,” meaning cutbacks in R&D"
Activist investors,,, what a wonderful concept.
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