Texas the winner with low wages and high illegal population.
Race to the bottom.
Doug78
2 years ago
Another measure is the real manufacturing GDP annual compounded growth rate which would give an idea where the value-added manufacturing is taking place. It’s not employment in the sector though complementary to it.
It has a graph that gives employment growth by type of manufacturing (graph number 3) then look up the companies in Texas who are in the high-growth industries and see near which city they manufacture. There are probably better ways but I am sure you have probably already found them Eddie. Good luck!
whirlaway
2 years ago
“This post is sure to bring howls against NAFTA but the claim is false.”
What was the main consequence (intent?) of NAFTA? To ship jobs to places where the workers can be paid less, have little or no rights or bargaining power and the (lack of) regulations favor the employers. The same thing happens between the states too. It is a race to the bottom, and is happening across different geographies within the US and over the world.
I think that might have had something to do with why NAFTA got done in the beginning, but now NAFTA is not a bad deal for the US, especially if the world de-globalizes over time. Mexico and Canada are great markets for us.
It also favors higher profits and lower priced goods though I think most of the latter got eaten by the former. We may not like it but it’s the truth.
Eddie_T
2 years ago
Nice piece. Reassuring to me, given the current boomtown atmosphere around here. Hopefully the manufacturing base will add to the stability of the local economy for several more years.
I thought I was one lucky guy when I managed to buy a rare live water creekfront property in the Burnet County hill country in 2009….after negotiating with the prior owner for nearly five years. Now it looks like I’ll get lucky again when I sell it.
link to fred.stlouisfed.org
What was the main consequence (intent?) of NAFTA? To ship jobs to places where the workers can be paid less, have little or no rights or bargaining power and the (lack of) regulations favor the employers. The same thing happens between the states too. It is a race to the bottom, and is happening across different geographies within the US and over the world.