HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Robert Reich tells Romney... » Reply #35

Response to Richardo (Original post)

Sun May 6, 2012, 02:50 PM

35. Addendum ...


A manufacturing job creates around three service jobs over the course of a year to fifteen months.

1) An employee working on a factory floor spends most of his/her paycheck on goods or services that adds a bit more than one job to the economy in a year.

2) A factory employee creates new goods for his/her employer, who sells those goods for a bit more than double what they cost to manufacture. The warehousing, shipping, marketing, sale and use of these new goods adds almost two new jobs to the economy in a year.

In contrast, a service job creates two new jobs every three years or so.

It therefore makes sense for Obama to focus stimulus money on creating manufacturing jobs. We still need service jobs, but we can partially rely on manufacturing job creation to help us out.

We don't need to bring back unskilled jobs from China. We can create skilled jobs designing and building complex products.


sc

Reply to this post

Back to OP Alert abuse Link to post in-thread

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 49 replies Author Time Post
Richardo May 2012 OP
Tennessee Gal May 2012 #1
ProSense May 2012 #2
goclark May 2012 #3
handmade34 May 2012 #4
coalition_unwilling May 2012 #5
msongs May 2012 #6
ProSense May 2012 #8
LineLineReply +
hay rick May 2012 #9
bhikkhu May 2012 #10
progressoid May 2012 #27
bhikkhu May 2012 #28
progressoid May 2012 #39
Blecht May 2012 #42
Jamaal510 May 2012 #12
gratuitous May 2012 #13
MannyGoldstein May 2012 #14
ProSense May 2012 #15
Fumesucker May 2012 #19
FogerRox May 2012 #20
ProSense May 2012 #22
SunSeeker May 2012 #36
TBF May 2012 #43
tommyshi May 2012 #49
Dragonfli May 2012 #16
pa28 May 2012 #18
Demeter May 2012 #37
Bolo Boffin May 2012 #7
geckosfeet May 2012 #11
Skittles May 2012 #17
NoMoreWarNow May 2012 #21
MNBrewer May 2012 #30
TBF May 2012 #44
davidwparker May 2012 #23
KeepItReal May 2012 #24
AlbertCat May 2012 #25
Aviation Pro May 2012 #26
elleng May 2012 #29
dkf May 2012 #31
RevStPatrick May 2012 #32
Ruby the Liberal May 2012 #33
cyberswede May 2012 #45
Scurrilous May 2012 #34
LineReply Addendum ...
scribble May 2012 #35
IamK May 2012 #38
Richardo May 2012 #41
caveat_imperator May 2012 #40
infrared May 2012 #46
Capn Sunshine May 2012 #47
montanto May 2012 #48
Please login to view edit histories.