Chitchat Apple won't create many jobs in US

[winnipegjets]

Trump's MAGA is a dream that cannot be realized. His despicable supporters will remain jobless and seek social assistance which will be non-existent as the Republicans destroy the meagre safety net. Those despicables deserve the Republicans.

http://www.cnbc.com/2016/12/31/ipho...ce-almost-every-human-worker-with-robots.html

 

[Leongsam]

I've worked in manufacturing. Automation reduces the requirement for direct labor but creates a new set of jobs dedicated to keeping the automated lines running at peak output.

Jobs will still be created but the nature of the jobs will not be like those of the past.

 

[Hans168]

as a Wharton graduate it is surprising that Donald Duck Trump has NO idea of basic economic theories......... eg iPhone to be made in US or dig coal do not make sense as there is NO comparative advantage at all meaning at the end of the day the US taxpayers subsidise all the extra costs and inefficiencies///////// for how long? Till national debt becomes 40 trillion

 

[Hans168]

I've worked in manufacturing. Automation reduces the requirement for direct labor but creates a new set of jobs dedicated to keeping the automated lines running at peak output.

Jobs will still be created but the nature of the jobs will not be like those of the past.

I was happy when my company computerised BUT later found that savings esp labour go towards supporting an increasing IT headcount which is a lot more that operations headcount before IT was launched........... so WTF>>???

 

[Leongsam]

I was happy when my company computerised BUT later found that savings esp labour go towards supporting an increasing IT headcount which is a lot more that operations headcount before IT was launched........... so WTF>>???

Automation does not lower the wage bill. In many cases payroll costs go up. . What it does is improve productivity and remove human error from the process. However this is replaced by machine error.

The amount of machine error introduced by automation is dependent upon how well the machines are designed, maintained and calibrated.

 

[eatshitndie]

Automation does not lower the wage bill. In many cases payroll costs go up. . What it does is improve productivity and remove human error from the process. However this is replaced by machine error.

The amount of machine error introduced by automation is dependent upon how well the machines are designed, maintained and calibrated.

it is estimated that 80% of all human-machine process accidents including flight accidents and manufacturing accidents are caused by humans. 80% is also the estimate for manufacturing errors caused by humans.

 

[Satyr]

as a Wharton graduate it is surprising that Donald Duck Trump has NO idea of basic economic theories......... eg iPhone to be made in US or dig coal do not make sense as there is NO comparative advantage at all meaning at the end of the day the US taxpayers subsidise all the extra costs and inefficiencies///////// for how long? Till national debt becomes 40 trillion

Trump does not care for facts or theories. He moves from one fix to another and tries to keep ahead of the hounds. History has seen his type before. Dangerous guy. Like Hitler. For once we should be grateful the US is a divided country. God help us if they united under him.

 

[scroobal]

Agree. No principles or operating model to guide him. The interesting thing is that US political model based on separation of power will come into use for the first time in US history. He would not be in a position to do much damage except in foreign relationship.

Besides rescinding trade treaties it will be interesting to see how he tackles unemployment as this has been his anchor claim of "bringing back jobs".

My sense is that it will be like the Philippines which has same political model and their Presidents come and go with little or no impact.

Trump does not care for facts or theories. He moves from one fix to another and tries to keep ahead of the hounds. History has seen his type before. Dangerous guy. Like Hitler. For once we should be grateful the US is a divided country. God help us if they united under him.

 

[frenchbriefs]

creating jobs is none of their concern,apple is the largest company in the world yet their workforce is one of the smallest.....hundreds of thousands of jobs have been exported to foxconn china.

 

[frenchbriefs]

as a Wharton graduate it is surprising that Donald Duck Trump has NO idea of basic economic theories......... eg iPhone to be made in US or dig coal do not make sense as there is NO comparative advantage at all meaning at the end of the day the US taxpayers subsidise all the extra costs and inefficiencies///////// for how long? Till national debt becomes 40 trillion

if u watched one of the old videos of him in the 80s when he was young he was very smart and intelligent and lucid about economics and business,but he has grown accustomed to all the decades of lieing and bullshitting in his businesses theres no need to be smart to get ahead anymore.now all u have to be is fat racist bigot anti women anti muslim anti immigrant pro self deportation and anti Hillary.

 

[Thick Face Black Heart]

It takes a special kind of stupid if you voted or supported Trump thinking he will bring real change. Right from the bat, he revealed himself to be a demagogue, and also someone who did not give two hoots about making campaign promises that he had no intention of keeping or has no idea how to keep.

How do you bring jobs back to America? How do you fight globalization and prevent factories from closing? His talk has been nothing but empty rhetoric and he has no clue how to implement these ideas.

Drain the swamp, Build that wall, and Lock her up. None of that will happen. Instead there will be a minor electric fence (or even just a plain vanilla fence) at the border, and it will be Build that Swamp rather than Drain that Swamp.

That racist bigot sex predator won because he spent close to two decades listening to the white working class and practicing how to articulate their anguish. He played on the biggest failing of BOTH the democratic party as well as the Republican establishment. The way i see it, that is his only virtue.

The white working class are not going to have a better life or have their jobs back. Trump is merely a molotov cocktail thrown at the political establishment to mess things up. After his inauguration, we will continue to see a surge of enthusiasm and maybe even some economic revival, but after a year or so, the economic bloodshed will begin.

 

[eatshitndie]

creating jobs is none of their concern,apple is the largest company in the world yet their workforce is one of the smallest.....hundreds of thousands of jobs have been exported to foxconn china.

that's contract manufacturing. foxconned workers are not apple employees. they also fulfill other customers' contracts besides the contract with apple. in consumer gadgets, nobody mass produces them anymore in sillycon valley. it makes no business sense. apple has tens of thousands of workers, many engineers and programmers, in the valley and they are looking to expand. the cupertino "spaceship" hq is about ready in the new year and will house about 14,000. about 5,000 are distributed in adjoining sunnyvale. another 6,969 are slated to move into the sj campus by orchard parkway in a few years. they are going into new gadgets and new businesses.

 

[Thick Face Black Heart]

And meanwhile the social justice warriors are playing jailhouse rock on their electric guitars whilst the rest of the country wants to play Beethoven.

The whip must be used on them.

 

[eatshitndie]

i provide feedback to the trump team on what are required and critical on infrastructure improvements and rebuilds. just infrastructure projects at home will unleash hundreds of thousands of jobs. instead of spending money abroad in terms of financial and military aid to ungrateful and undeserving cuntries, those funds can be reduced, stopped and rechanneled for domestic spending. much of the existing infrastructure serving over 300 million americans are pre-war (fdr's new deal) relics. the rebuilding of the national power grid alone will require tens of thousands of blue collar workers over a 4-year period. the upgrading, reinforcement, and replacement of thousands of bridges across the u.s. will require tens of thousands of blue collar workers. the improvement and widening of the interstate freeway system (post-war relic) will require tens of thousands of blue collar workers. the upgrading and expansion of the various rail and transit systems will require tens of thousands of blue collar workers. the intricate gas pipeline system used for heating and cooking across america is very old, and many sections are blowing up and killing innocents due to corrosion and age. redoing the pipeline system in every city and town will require tens of thousands of blue collar dudes. it's about time america takes care of her own infrastructure, and as soon as possible. there will be more than enough blue collar jobs for the next 4 years. the question is will there be enough workers? and we're not even talking about city and town roadways, water distribution, airports, ports, national parks, etc. you bunch of bullshit blokes have no clue what it takes to run a massive nation like america. she has been left to rot and ruin by the 6.9 preceding admins it's no longer a footnote nor a joke. just doing homework alone in america for the next 4 years will right the wrong that you bunch of leftist fuckwit liberals and clueless global interventionists have caused her to suffer and deteriorate in silence for so long. you got that arseholes? get it? got it? good. now go fuckoff.

 

[Leongsam]

i provide feedback to the trump team on what are required and critical on infrastructure improvements and rebuilds. just infrastructure projects at home will unleash hundreds of thousands of jobs. .

This is the sort of liberal hogwash I have to put up with in NZ from a person who is supposed to be an "expert". It was wrong on just about EVERYTHING!

---

Why a Trump victory in November would see the NZ Dollar fall off a cliff

5:00 AM Friday Oct 21, 2016

Donald Trump. Photo / AP


[FONT=&amp]While the chances of a Trump victory in November have reduced over the last few weeks he is still in the race for the White House and as Brexit showed us in June the polls don't always get it right! Dan Bell from HiFX gives his view.

[FONT=&amp]So what impact would a Trump win have on global markets and the NZ Dollar?
[/FONT]
[FONT=&amp]Given Trumps highly unpredictable nature and unorthodox policy views, global markets would react with a state of panic which would see the NZD and other risk assets come under immediate selling pressure. Wall Street analysts predict [/FONT][/FONT]a Trump victory would see a 5-10% drop in global stocks[FONT=&amp] and major falls in most commodities and emerging markets. The NZD would experience significant declines against the US Dollar, Japanese Yen, Swiss Franc and Euro. Even the beleaguered Pound would find more support than the Kiwi.

[FONT=&amp]While the reasons for NZD weakness during periods of uncertainty are not always logical, as the 11th most traded currency in the world the Kiwi is always vulnerable to short term changes in market sentiment. While the NZD carry trade isn't as popular as the days when our official cash rate was over 8% and Japanese house wives were rumoured to be holding hundreds of millions in overnight positions, global investors still have a huge appetite for our currency.
[/FONT]
[FONT=&amp]Offshore investors holding NZ dollars or NZD denominated assets to pick up a better yield or get exposure to our economy are happy to do so while markets are calm and predictable, but when volatility picks up it's a different story and the Kiwi is one of the first currencies to get dumped. Risk aversion typically sees less liquid currencies like the NZD experience more dramatic declines which is why the Kiwi has a reputation for going 'up an escalator' when markets are positive and down 'down an elevator' when things turn negative. Global investors are also significant participants in the NZX and while most equity investors have a longer term approach, a Trump victory would see many take a more risk adverse approach and rebalance their global portfolios towards a home currency bias, away from riskier offshore assets.
[/FONT]
[FONT=&amp]It was a similar story during the Global Financial Crisis. In April 2008 the NZD/USD was trading over 0.80 and by the end of the year we were almost 40% lower in the low 0.50's! The dramatic fall in the NZD and other risk assets during this time was the result of another US based market event. Not much had actually changed in the NZ economy, but when investors realised the global financial system was on the brink of collapse due to the credit excesses of US banks they flocked to US government bonds, which is somewhat ironic and even more so if the next big global risk event is Trump winning the Whitehouse! When investors are worried about preserving their capital, US government bonds are still one of the most preferred safe haven assets.
[/FONT]
[FONT=&amp]Investors also have serious concerns about Trumps impact over the longer term. His unconventional views about immigration, international trade and the role of the US central bank could have a dramatic impact on the global economy. Among some of Trumps more unorthodox views is his perspective on the US central bank.
[/FONT]
[FONT=&amp]Trump has publicly criticised the Fed and their approach to monetary policy and went as far as accusing Fed Chair Janet Yellen as doing 'political things' to keep interest rates low. Analysts have also warned that Trumps protectionist views could spark a global trade war which could sink Chinese exports and turn back the clock on decades of trade liberalisation at a time when global growth is already struggling and deflationary forces remain an ongoing threat.

Trumps hard line approach to immigration is expected to reduce the US labour force by 11 million workers at a time when the US is facing the headwinds of an aging population and ongoing weakness in labour force participation.
[/FONT]
[FONT=&amp]For most investors a Clinton victory would be business as usual and would be mildly positive for the NZD and global risk assets. Clinton is seen as safe and predictable and despite the fact she would push for more financial market regulation; Wall Street is still more comfortable with the Clintons in the Whitehouse than Trump.
[/FONT]
[FONT=&amp]Regardless of what you think about Trump he is the biggest wildcard in the history of modern politics [/FONT][/FONT]and a surprise victory for him in November would send global markets into a state of turmoil and panic unlike anything we have seen since the heights of the GFC almost 8 years ago.[FONT=&amp]
[FONT=&amp]Dan Bell is an International Currency commentator for HiFX New Zealand[/FONT]

Copyright ©2017, NZME. Publishing Limited

[/FONT]

 

[krafty]

i got the similar info. from DBS wealth management, naysayers doom and gloom if trump won, i wonder if all of them copy and paste from one another.

 

[Thick Face Black Heart]

The liberals are lost in their own quagmire. Don't expect anything good from them either. You have a president who is basically an Internet warrior and a bunch of bleeding heart social justice warriors who are equally ignorant and intolerant. In fact one can even say they are but two sides of the same coin!! Good luck to you all

 

[frenchbriefs]

thats why we should sing kenny roger song and make up.

[video=youtube;lixDK_tMEhE]https://www.youtube.com/watch?v=lixDK_tMEhE[/video]

 

[kryonlight]

you bunch of bullshit blokes have no clue what it takes to run a massive nation like america. she has been left to rot and ruin by the 6.9 preceding admins it's no longer a footnote nor a joke. just doing homework alone in america for the next 4 years will right the wrong that you bunch of leftist fuckwit liberals and clueless global interventionists have caused her to suffer and deteriorate in silence for so long. you got that arseholes? get it? got it? good. now go fuckoff.

Support eatshitndie! Support Trump! I believe Trump is genuine. I believe Trump is good for Singapore. I could literally smell the economic death in the air in October and very early November. But things simply picked up after Trump won the election and we had an amazing 9.1% GDP! Wow! I believe Singapore and America will be very prosperous under the Trump administration.

 

[mojito]

I've worked in manufacturing. Automation reduces the requirement for direct labor but creates a new set of jobs dedicated to keeping the automated lines running at peak output.

Jobs will still be created but the nature of the jobs will not be like those of the past.

Indeed. These will be good jobs that Americans aspire to do. Libtards simply do not understand the economy.