Yesterday , I did a easy rough calculation about Basic Motors to try to get at how a lot manufacturing job loss one may attribute to foreign competition versus automation and productiveness increases. Various commenters objected that my assumptions had been too simplistic, significantly in neglecting the home content material in international autos and the importance of shifts within the supply chain over time.
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The odd-trying line on this graph is the one for home consumption of autos and components as a fraction of GDP; the road begins to drop after 2002, solely reversing in 2010. It is odd to me because a graph of US automobile gross sales is basically flat from 2001 to 2007 at between 16 and 17 million autos per yr. Reading off Stuart’s graph above, the gross consumption line begins at about 3.7% of GDP in 2001 and drops to around 2.8% in 2007, so roughly a 25% drop. Taking a look at BEA Desk 1.1.5. US GDP rose 36% throughout that period.
I’m a scientist and innovator in the know-how industry, 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 expertise products. Professionally, I have mainly labored on computer safety issues. At present I’m Adjunct Professor of Pc Science at Cornell, however this weblog represents my views only. E-mail me at stuart – at – earlywarn – dot – org. I do learn all e-mail, but as a result of the blog is part-time unfunded enterprise, I typically fail to answer as a consequence of lack of time – apologies.
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