Sunday, August 26, 2018

Is there ever an end to the Republican economic rollercoaster?




November 1, 2015
By Chelsey Livingston

...An improving economy (click here) coupled with baby boomer generation retirements are expected to create 3.5 million manufacturing-related job openings over the next decade nationwide, according to results of a joint study by The Manufacturing Institute, an industry-associated nonprofit, and Deloitte, a firm providing financial and business consulting services. However, the widening gap of workers missing the mechanical and social skills to do the jobs means 2 million of those positions are expected to go unfilled, according to the organizations’ research.

Meanwhile, the construction trade group Associated Builders and Contractors is working with legislators in Ohio and nationwide to get October also designated as Careers in Construction Month, according to the Ohio Valley chapter’s website, www.ovabc.org. Why? The group cites the U.S. Bureau of Labor Statistics’ projections for 1.6 million new construction job openings to be created by 2022....

June 11, 2018
By Stuart Anderson

Bill Adler, president and owner of Stripmatic Products in Cleveland Ohio. The Washington Post reported that at Stripmatic Products because of higher steel prices due to new tariffs “the $1 million in new factory investment and the 10 new jobs it would have created have evaporated.”

During the 2016 campaign, (click here) Donald Trump warned that immigrants were costing jobs and protectionist trade policies would lead to more jobs in America. Eighteen months into his presidency, the evidence shows the opposite – new tariffs are costing jobs and economic research continues to demonstrate immigrants do not harm the job prospects of U.S. workers....

...The Trade Partnership analysis concluded:

- “The tariffs, quotas and retaliation would increase the annual level of U.S. steel employment and non-ferrous metals (primarily aluminum) employment by 26,280 jobs over the first one-three years, but reduce net employment by 432,747 jobs throughout the rest of the economy, for a total net loss of 400,445 jobs;

- “Sixteen jobs would be lost for every steel/aluminum job gained;

- “More than two thirds of the lost jobs would affect workers in production and low-skill jobs.

- “Every state will experience a net loss of jobs.”...