News for hackers. Stuff that matters.

A comment on Modeling a Wealth Tax. Parent comment

Re:Modeling a Wealth Tax by rubber_duck on Tuesday August 18, 2020 @09:12PM (#24206178)
He didn't say manufacturing output but jobs, a more relevant number for that argument would be total labor cost in the sector and it's change over time between two countries.
[ Parent | on HN ]
Re:Modeling a Wealth Tax by tchaffee on Wednesday August 19, 2020 @04:29AM (#24208342)
That's not such a relevant number because plenty of those US jobs went to automation, not to China. There are still over 12 million manufacturing jobs in the US. About 8% of all US jobs which is a significant chunk. Easily disapproving the wild exaggeration that "all of the manufacturing jobs are in China... ".
[ Parent | on HN ]