Economy
Related: About this forumHigh wages aren’t to blame for the decline of U.S. manufacturing
http://www.epi.org/publication/high-wages-arent-to-blame-for-the-decline-of-u-s-manufacturing/The idea that high manufacturing wages in the United States are causing growing job losses and declining U.S. export competitiveness is common, but incorrect. Germany has among the highest manufacturing wages in the world and has maintained a relatively stable manufacturing sector in the face of competition from China. In 2013, average hourly pay in German manufacturing was $48.98, more than one-third higher than the United States ($36.64). And while U.S. manufacturing employment declined by 31.0 percent (5.4 million jobs) between 1997 and 2013, it fell only 4.7 percent in Germany.
Instead of blaming high wages and pushing manufacturing jobs into the low-wage, nonunion southern states, we can rebuild the U.S. manufacturing sector by fighting currency manipulation and unfair trade, and by adopting policies that support manufacturing, including increasing spending on research and development, increasing spending on infrastructure, and investing in training programs.
Proserpina
(2,352 posts)and there's no way to stop it, short of not having any CEOs, and turning every corporation into a workers' cooperative.
elleng
(130,908 posts)'support manufacturing, including increasing spending on research and development, increasing spending on infrastructure, and investing in training programs.'
golfguru
(4,987 posts)Do a search of top executives in German manufacturing & Engineering outfits. Then do the same for US outfits.
What you are going to find is most top executives in Germany come from Engineering background. In US the top executives come from either sales or accounting or legal background. That in my opinion is why German manufacturing of hi-tech machinery is doing well. The top executives actually understand their products.
German machines are known the world over as top quality. That includes autos, machine tools, industrial machinery.