Prize

........... Recipient of the 2010 MacDougal Irving Prize for Truth in Market Manipulation ...........

June 30, 2011

R2D2 and Them

    Reuters reports that US manufacturers are returning jobs back home from China due to some ridiculous doubletalk about inflation there, burying mention of the real reason, automation, further down in the article.  After transferring the bulk of its work force overseas, Master Lock retooled their Wisconsin facilities so that the average worker in Milwaukee now oversees the operation of six high-speed machines, producing locks with a work force one-sixth the size of that required in manual production.

    General Electric and Boeing were mentioned as part of a small group of companies boosting domestic output lately too, but Reuters didn‘t say how.

    Effective immediately, the MacDougal Post will stop grousing about outsourcing and try to figure out what to say about these new robots that are taking all our manufacturing jobs away.