Tag: Factories and Manufacturing

Andrew Yang: Yes, Robots Are Stealing Your Job

During the last Democratic debate, in Ohio, there was a moment that stood out. Elizabeth Warren and I got into a debate over the impact of automation versus trade on the elimination of manufacturing jobs. Joe Biden also chimed in, agreeing that the fourth industrial revolution is costing jobs, so it’s important to deal with […]

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Trump May Punt on Auto Tariffs as European Carmakers Propose Plan

FRANKFURT — The Trump administration, in a move that could forestall potentially devastating tariffs on foreign automobiles, is in discussions with European carmakers about increasing their investment and employment in the United States. The talks come ahead of a Wednesday deadline for President Trump to decide whether to make good on his threat to impose […]

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G.M. Is Selling Lordstown Plant

Two weeks after reaching a new labor contract with its union workers, General Motors has sold the Lordstown, Ohio, factory that was a key issue in the contract talks and the 40-day strike the company endured. G. M. sold the factory for an undisclosed sum to Lordstown Motors, a start-up that plans to hire some […]

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Second Act for Shuttered Mills Revitalizes New England Towns

In 1997, David Moresi moved back home to North Adams, Mass., to renovate houses, a business he has expanded to include development and property management firms. But recently, he has turned his attention to bigger, vacant properties that abound in New England: mills and factories. Decades after they were shut down, taking thousands of well-paying […]

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Companies Cut Back, but Consumers Party On, Driving the Economy

“YOLO,” Danielle Walker said, explaining why she had just spent a chunk of her biweekly $900 paycheck on an adorable outfit — quilted navy vest, cranberry plaid riding pants and knit sweater — from the “equestrian shop” at Janie and Jack, the children’s clothing store in the Mall of America where she works. “You only […]

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What to Watch For in the October Jobs Report

The General Motors strike will cast a shadow over the coming jobs report. But the outlook was darkening even without it. The Labor Department will release its monthly estimate of hiring, unemployment and wage growth at 8:30 a.m. Friday. Economists surveyed by Bloomberg expect the report to show that employers added about 85,000 jobs in […]

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Manufacturing Ain’t Great Again. Why?

When Donald Trump promised to Make America Great Again, his slogan meant different things to different people. For many supporters it meant restoring the political and social dominance of white people, white men in particular. For others, however, it meant restoring the kind of economy we had a generation or two ago, which offered lots […]

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It’s a Big Week for Economic News, With Implications for the 2020 Race

ImageThe New York Stock Exchange last month. Stocks have continued to boom. Credit…Johannes Eisele/Agence France-Presse — Getty Images If you want to know what the economic backdrop to the 2020 elections is likely to be, pay close attention to some of this week’s headlines. Over the next few days, we are going to get readings that […]

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G.M. Workers Appear Set to Approve Contract and End Strike

The United Auto Workers union appears set to approve a new contract with General Motors and put an end to the strike that has idled tens of thousands of workers for almost six weeks. Workers at several large G.M. plants have approved the tentative contract by considerable margins, raising expectations that it will be ratified […]

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Pentagon Pushes Tech Industry to Help U.S. Retain Military Edge

SAN FRANCISCO — Pentagon officials have been holding private discussions with tech industry executives to wrestle with a key question: how to ensure future supplies of the advanced computer chips needed to retain America’s military edge. The talks, some of which predate the Trump administration, recently took on an increased urgency, according to people who […]

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G.M. Workers Begin to Size Up the Deal Their Union Is Selling

The tentative contract hammered out by the United Automobile Workers and General Motors won’t please all of the union’s members, but it is sure to get strong support at the Detroit-Hamtramck assembly plant. The factory, which employs 700 U.A.W. members, is scheduled to close in January. But under the contract, G.M. has promised to spend […]

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When Brand Trump Met Brand Vuitton

On Thursday two of the most powerful brands in politics and high fashion collided in Johnson County, Texas, a rural area about a half-hour’s drive south of Fort Worth. They met in a blur of pomp, supple leather and mutual appreciation as President Trump joined Bernard Arnault, founder and chairman of LVMH Moët Hennessy Louis […]

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China’s Economic Growth Slows as Challenges Mount

SHANGHAI — China’s economic slowdown worsened in the July-to-September period, according to data released on Friday, as the trade war with the United States and a host of other problems leave Beijing struggling to meet its goals. The figures show China continues to grow at its slowest pace in nearly three decades of modern record-keeping. […]

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Democrats, Avoid the Robot Rabbit Hole

One of the less discussed parts of Tuesday’s Democratic debate was the exchange that took place over automation and how to deal with it. But it’s worth focusing on that exchange, because it was interesting — by which I mean depressing. CNN’s Erin Burnett, one of the moderators, asked a bad question, and the debaters […]

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Union Says G.M. Strike Will Go On Until Workers Vote on Deal

DETROIT — Leaders of union locals voted Thursday to approve a tentative contract agreement with General Motors, but said a strike against the automaker would continue until workers voted to ratify the deal. After a lengthy meeting in Detroit, the group said voting by the 49,000 members of the United Automobile Workers at G.M. plants […]

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G.M. Deal Saves One Plant, Union Says, but 3 Others Stay Shut

DETROIT — General Motors has agreed to continue production at a Detroit plant it had planned to shut down, but will not resume operations at three others recently idled, the United Automobile Workers union said Thursday in announcing the terms of a tentative contract agreement. The details were released as leaders of the union’s G.M. […]

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Is the G.M. Strike Over? 5 Key Questions, Answered

After a monthlong strike that has idled General Motors plants across the Midwest and South, union leaders will gather on Thursday in Detroit to consider a deal that could send the picketing autoworkers back to the assembly lines. The details of the tentative agreement have not been announced, but the union, the United Automobile Workers, […]

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How Well Off Is Ohio, Site of Democratic Debate? It’s Debatable

MANSFIELD, Ohio — When they gather near Columbus for their fourth debate, Democrats will be coming to a state that, if not “great again,” is by many accounts doing quite O.K., certainly much better than a decade ago. Unemployment is lower than it has been in many years. Wages are inching up. Despite multiple signs […]

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Talks to End G.M. Strike Take ‘Turn for the Worse,’ U.A.W. Says

General Motors and the striking United Auto Workers hit an impasse in contract talks on Sunday over the question of moving production from Mexico to plants in the United States, two people close to the talks said. The union, which has been on strike since Sept. 16, has pressed G.M. to shift production of some […]

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