Morning over the Alleghenies

No time to parse, but some might want to see the latest promo piece (too long to be advertisement…  certainly not a documentary so I am not sure what to classify it as) from the MSC folks on all things Natural Gas in Pennsylvania.

If I were to  parse a bit I would start with . . . → Read More: Morning over the Alleghenies

10% or bust

Let’s stick with the state theme for now.  So there is a lot of news today about the state of manufacturing in Pennsylvania.   Seems like some of that might be slightly interested in what we know about past trends.   Here is that trend data in manufacturing employment put in terms of a percentage of total employment.

What do . . . → Read More: 10% or bust

The widget illusion

The Economist runs a discussion forum titled The Economist By Invitation. In this, they recently setup a discussion about an opinion piece by Dani Rodrik about the future of manufacturing-led growth in emerging markets. I wrote a response there which is reproduced here.

The role of manufactures

I agree with a small element of . . . → Read More: The widget illusion

Automation and Guaranteed Minimum Income

Here’s a comment Glowing Face Man left on a blog post titled “It’s No Coincidence”:

You (and the supermajority of pundits) labor under the false assumption that everybody needs jobs, that a healthy economy involves 90%+ employment. This simply is not consistent with the reality of automation, it will become less and less consistent . . . → Read More: Automation and Guaranteed Minimum Income

The progress of steel

So here is a conversation I have been having lately that confuses me.  Lots of folks locally really think there has been a big surge in the steel industry recently right here in the Pittsburgh region. It really is a strong belief by some that hiring and employment are way up in the . . . → Read More: The progress of steel

Cleveburgh Steel

Remember when the steel industry rated local news?

The 24 hour news cycle can be brutal.  Just beyond greater Pittsburgh, but near the center mass of Cleveburgh is Trumbull County, Ohio… home to Warren, Ohio and part of the Mahoning Valley were these two stories recently:

24 hours ago the headline was:  Valley employment . . . → Read More: Cleveburgh Steel

Manufacturing Jobs

It turns out that they’re actually good for workers:

On average, hourly wages and salaries for manufacturing jobs were $29.75 an hour in 2010 compared to $27.47 an hour for non-manufacturing jobs. Total hourly compensation, which includes employer-provided benefits, was $38.27 for workers in manufacturing jobs and $32.84 for workers in non-manufacturing jobs, a . . . → Read More: Manufacturing Jobs

Coming Home to Roost

It looks like free trade is catching up with the US:

Master Lock, which has made locks in Milwaukee since 1921, has brought 100 jobs back from China over the last year and a half. And Mr. Bink, who has worked at the plant for 33 years and heads the United Auto Workers local, . . . → Read More: Coming Home to Roost

Pittsburgh's Etch a sketch moment

We are just coming up on the 30-year anniversary of what might have been Pittsburgh’s Etch a sketch moment.  Three decades ago Pittsburgh was just about halfway through the 18 months that changed it forever.  In August 1981 the region’s unemployment rate was 7.2%; a high, but not scary level.  Total unemployed in the region measured 86,600.   . . . → Read More: Pittsburgh’s Etch a sketch moment

If Only There Were Some Way to Fix This

Here’s a summary of a recent paper:

The trends in offshoring and international trade that we have described are likely to accelerate. China currently employs around 120 million people in the manufacturing sector and, although some reports indicate that wages are rising in China, those wages are still only a tiny fraction of wages . . . → Read More: If Only There Were Some Way to Fix This