Yesterday , I did a easy rough calculation about Normal Motors to try to get at how much manufacturing job loss one might attribute to foreign competition versus automation and productiveness will increase. Numerous commenters objected that my assumptions had been too simplistic, particularly in neglecting the domestic content material in international autos and the importance of shifts in the supply chain over time.
I'm a scientist and innovator within the technology trade, with a broad vary of pursuits and experiences. I've a Physics PhD, MS in CS, and have accomplished research , lived in cohousing communities, run a business, and designed know-how products. Professionally, I've primarily labored on pc security issues. At the moment I am Adjunct Professor of Laptop Science at Cornell, however this blog represents my views only. E-mail me at stuart - at - earlywarn - dot - org. I do read all electronic mail, but as a result of the blog is a part-time unfunded enterprise, I often fail to reply as a result of lack of time - apologies.
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The electrical-automobile maker is the most recent company to turn into a market darling based mostly not on what it has achieved but on a imaginative and prescient of a dominant future. I actually need to thank everybody in the Gainesville office for such a straightforward expertise and going above and past to make our automobile buy happen. Donald Trump, speaking to auto executives and staff in a former assembly plant near Detroit, halted a transfer by Barack Obama to tighten gas-economic system requirements.
The odd-wanting line on this graph is the one for domestic consumption of autos and components as a fraction of GDP; the line starts to drop after 2002, only reversing in 2010. It is odd to me as a result of a graph of US vehicle gross sales is basically flat from 2001 to 2007 at between sixteen and 17 million automobiles per year. Reading off Stuart's graph above, the gross consumption line begins at about three.7% of GDP in 2001 and drops to around 2.eight% in 2007, so roughly a 25% drop. Looking at BEA Desk 1.1.5. US GDP rose 36% during that period.