World News Insights
1-3 Minute Gist

All Topics Article

Harold Meyerson - Jobs: The wrong export

Washington Post Original article ›

Keywords:

LyrArc Article Gist
Meyerson points to Germany's success in manufacturing with labor costs that are higher than in the USA. Hourly manufacturing compensation in Germany (wages plus benefits) was $48 in Germany in 2008, and $32 in the USA, according to the most recent year surveyed by the US Bureau of Labor Statistics. Meyerson says American companies are sitting on $1.9 trillion in cash at a time when companies are creating jobs at a crawling pace. Only 50,000 net jobs were created in November 2010. He suggests a new economic advisor for the Obama administration, someone who brings experience and also believes in the US role in manufacturing- Andy Grove, former CEO of Intel Corporation. See Grove's article on US manufacturing and its special role in keeping the American economy strong. He would replace Larry Summers.

Export of manufacturing jobs from the U.S.

07/01/2010

Grouped Articles

Does America Need Manufacturing?

New York Times 08/24/2011

Andy Grove: How America Can Create Jobs

BusinessWeek 07/01/2010

Whirlpool Shifts Some Production to U.S. From Mexico

Wall Street Journal 12/20/2013

Americans Sour on Trade

Wall Street Journal 10/02/2010

A part-timer boom, or blip? - The Washington Post

Washington Post 07/16/2014

Why Manufacturing Still Counts in the U.S. Economy

Wall Street Journal 01/14/2015


Support LyrArc

We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.

Support Lyrarc from as small as $1


Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us