MovieChat Forums > Donald Trump Discussion > Winning? The "T-rump Bump" in manufactu...

Winning? The "T-rump Bump" in manufacturing is already gone

posted 6 years ago by [deleted]
34 replies | jump to latest

On the campaign trail, T-rump promised he would reopen the dormant factories across America, and manufacturing would live again (just like it did in the 40s and 50s!!). And they would be high-paying jobs for all, not minimum wage jobs in those factories! Gullible Americans believed him, as FOX NEWS pushed his agenda! Good times for all.

If you blinked, you missed the T-rump Bump in manufacturing. It's already dead.

There were nearly a half million jobs created in manufacturing from when T-rump took office till the third quarter of 2018. Since then, manufacturing jobs have dropped significantly - since Janaury 1, only 13,000 jobs have been created.

“The Trump bump to manufacturing in the US which takes place in many swing states has already petered out,” Binky Chadha, chief strategist at Deutsche Bank, said recently. “In our view, a continued decline and in particular a falling below 50 will be hard to spin as anything but a manufacturing recession.”

. The Institute for Supply Management gauge indicated plans that were barely expansionary, and blame T-rump's tariff wars for the death of the industry.

[–] FishGottoSwim (473) 6 years ago

In the past 20 years, I've traveled up & down the Atlantic Coast (ferries & beach roads) from Key West to Maine/Canadian Border. Then we traveled up the mountains East of the Mississippi. The Smokies, Blue Ridge, Appalachians, Adirondacks, Catskills, over to the Great Lakes & around them & then down the Mississippi to New Orleans. Then from FL along the Gulf Coast to California & up the PCH to Washington/Canada border. We've gone from Rt 20 in Mass west across the Rust Belt, over the Rockies, all the way to Oregon. Another trip was from the Montana/Canadian border - Glacier National Park down the Rockies to the Mexican Border at the Rio Grande.

My point is that I've passed HUNDREDS of dead & ghost towns. I've seen them up close & personal. I've looked for gas or food (sometimes got both in the same place) in these dying towns. Places to stay. Goods. In some, it was hard to find a piece of fresh fruit because Dollar Stores didn't sell them.

The UNIONS didn't kill these towns - as I've heard some recent Ayn Rand readers say. No.

The CORPORATIONS who chose to pack up & leave the US shores to get cheaper labor in CHINA still got tax breaks.

The average Joe didn't get squat. He was told that the benefits of the corporate tax cuts would trickle down to him. But how? In the form of a job at a Dollar Store?

Profits didn't trickle down.

Under Clinton & under Obama, there were MANY MANY initiatives to spark these industries in the form of government loans, education programs & renovations. These programs were attacked as 'socialism' by the right.

Since Reagan, American manufacturing has been DECIMATED.

What has the GOP done to bring it back? They've riled up the residents in those areas to blame the immigrants.

And now, the tariffs. T-rump's tariffs are going to devastate the very people who have been clinging to their American dream in these towns ALL across our country.

(Meanwhile, T-rump Merch is Made in China)

[–] [deleted] 6 years ago

The average Joe didn't get squat. He was told that the benefits of the corporate tax cuts would trickle down to him. But how? In the form of a job at a Dollar Store?

One of the high-paying jobs that T-rump promised his T-rumpanzees. The only companies expanding rapidly across America are Dollar Tree, Family Dollar, and Dollar General (and I think all three are owned by the same corporation, at this point). They advertise minimum wage jobs, and only part-time with no health benefits, vacation days, sick days, etc.

But FOX tells them this is improving the economy and unemployment is way down. Gotta fill those Dollar Stores with Dollar Jobs!

[–] Qberto (1139) 6 years ago

The only companies expanding rapidly across America are Dollar Tree, Family Dollar, and Dollar General...

Idiotic opinioneering sans the slightest in statistical verity.

https://www.inc.com/guadalupe-gonzalez/2018-inc5000-top-companies.html

https://www.businessinsider.com/fastest-growing-retailers-in-america-2018-8

10. Pet Retail Brands: $1.586 billion in sales, up 27% year over year.
Facebook/Pet Valu

9. Ulta Salon, Cosmetics & Fragrance: $5.885 billion in sales, up 28% year over year.
Business Insider/Jessica Tyler

8. Five Below: $1.278 billion in sales, up 28% year over year.
Wikimedia Commons

7. PetSmart: $8.647 billion in sales, up 28% year over year.

6. Tapestry: $5.715 billion in sales, up 33% year over year.
TY Lim/Shutterstock

5. Wayfair: $4.696 billion in sales, up 36% year over year.
Wayfair

4. Amazon: $155.943 billion in sales, up 45% year over year.
Sundry Photography/Shutterstock

3. Build.com: $4.490 billion in sales, up 47% year over year.
Facebook/Build.com

2. Bass Pro Shops: $7.837 billion in sales, up 94% year over year.
Bass Pro Shops

1. Primark: $9.875 billion in sales, up 103% year over year.

[–] FishGottoSwim (473) 6 years ago

Are all those companies except 2 or 3 RETAIL? I'm not seeing MANUFACTURING.

Also, I'm seeing at least ONE (Primark) that has its headquarters nowhere near the Continental USA.
And another one (Build.com) whose parent company is in Switzerland.

Got to point out that 2 of the industries are for PETS & one is for Hunting & Fishing. Dogs & Cats & Fish are not Donald's "thing." They're dirty. messy, smelly. People say that Donald could shoot someone on 5th Avenue & not feel repercussions in his base? Well, he couldn't kick a dog - no matter how many times he TALKS about 'kicking them like a dog' - on 5th Ave without a HUGE base of the population getting mightily pissed off at him.

And the products they're selling at PetSmart & PetsRUs or whatever? Did Q not hear about the tainted CHINESE meat going into the pet food they were shipping off to American retail stores or nah?

Of the 10 companies mentioned by Q boi, at least 9 have had their sales inflated because of stock buy-backs after the GOP tax cut. That money did NOT trickle down into higher salaries, salaries have remained STATIC since Reagan in comparison to inflation & corporate growth & GDP? Salaries have CRASHED - they've not followed profits.

Q is posting a LOT of bullshit here. For what purpose? To prove what? Retail is UP?

Would you stake your LIFE on that, Q? On RETAIL saving the American Dream?

[–] Qberto (1139) 6 years ago

Are all those companies except 2 or 3 RETAIL? I'm not seeing MANUFACTURING.

Thanks you for disputing doggie's disreputable dirt.

If this is your first time working with facts please remember to memorize them - test later.

[–] [deleted] 6 years ago

You do realize that most of the retailers you're boasting about above are all paying their non-management workers minimum wage? Not something to brag about, kiddo.

[–] Qberto (1139) 6 years ago

You do realize that most of the retailers you're boasting about above are all paying their non-management workers minimum wage?

Factual citation for this specious charge is to be found where?

https://www.cnbc.com/2018/10/02/amazon-raises-minimum-wage-to-15-for-all-us-employees.html

https://www.pewresearch.org/fact-tank/2014/09/08/who-makes-minimum-wage/
Given the continuing campaigns by unions, workers, politicians and others to raise the federal minimum wage, it bears asking: Just who are minimum-wage workers, anyway?

Perhaps surprisingly, not very many people earn minimum wage, and they make up a smaller share of the workforce than they used to. According to the Bureau of Labor Statistics, last year 1.532 million hourly workers earned the federal minimum of $7.25 an hour; nearly 1.8 million more earned less than that because they fell under one of several exemptions (tipped employees, full-time students, certain disabled workers and others), for a total of 3.3 million hourly workers at or below the federal minimum.

That group represents 4.3% of the nation’s 75.9 million hourly-paid workers and 2.6% of all wage and salary workers.

People at or below the federal minimum are:

Disproportionately young: 50.4% are ages 16 to 24; 24% are teenagers (ages 16 to 19).
Mostly (77%) white; nearly half are white women.
Largely part-time workers (64% of the total).

More than half (55%) work in the leisure and hospitality industry, about 14% in retail, 8% in education and health services, and the rest scattered among other industries.

Oh dear oh dear, it seems you have lied again and been swiftly upbraided! LOL@ U!

[–] [deleted] 6 years ago

Factual citation for this specious charge is to be found where?

From their recent interviews (Janauary 2019 - now) with potential employees, who have recent college degrees (May 2019) in management and won't take their management positions which pay less than $400 a week and requires them to work at least 50 hours; 60+ during 'peak seasons'.

Next question?

[–] Frogarama (12942) 6 years ago

LOL you were basically tricked into proving the point of this topic.

They weren't even trying!!!

LOL you are hilarious and you're completely blind. You really have NO clue what you're saying or arguing for anymore.

You are a Lost Boy.