Cartoon of the Day: We Just Don't Make Things
HT: Jeff Jacoby
CARPE DIEM
Professor Mark J. Perry's Blog for Economics and Finance
Monday, July 16, 2012
About Me
- Name: Mark J. Perry
- Location: Washington, D.C., United States
Dr. Mark J. Perry is a professor of economics and finance in the School of Management at the Flint campus of the University of Michigan. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University near Washington, D.C. In addition, he holds an MBA degree in finance from the Curtis L. Carlson School of Management at the University of Minnesota. In addition to a faculty appointment at the University of Michigan-Flint, Perry is also a visiting scholar at The American Enterprise Institute in Washington, D.C.
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3 Comments:
It is true, however, that we don't "make" things that favor certain constituent groups of certain politicians.
haha, great cartoon.
Reminds me of a reader comment on a Salt Lake Tribune article about the job-creating growth of Utah upstart Qualtrics (an online survey & statistical analysis company):
"Aaaah, yes, for those of you who bemoan the loss of the U.S.'s prowess (and employment) in work like tooling and manufacturing, i.e., the making of "real" stuff, this is a great example of our new industrial world - one that produces, well, fluff. Words, statistics, opinions - all destined to soon become fodder for dusty file cabinets...or, in keeping with the times, a spare thumb drive. Lots of money for a very few folks, nothing of substance in the end."
I can just imagine these dimbulbs a century ago, "A new horseless carriage called the Model T? How can you eat that? What a waste of time building a geegaw like that when we all know real business is done on the farm, growing food we can eat." What these idiots don't understand is just as the industrial economy superceded the agricultural economy, the information economy is much more important these days. Statistical firms like the one mentioned by JakeW are the ones who will determine where resources need to be used or money needs to be invested, something that will earn their information workers much more than most factory workers could ever hope to make these days. Obviously not everybody in the US can be an information worker yet, but with the growth of the internet economy, that's only a matter of time.
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