There are 138M jobs in US, 6.9M in tech. That’s 5%, far from 20%.
Tech is only important in a few cities. Vast majority of the American workers need to find non-tech jobs.
Government jobs 22M, manufacturing 12M.
So manufacturing jobs are a lot more than tech. Government jobs are 3 times of tech.
Are you serious? I guess Silicon Valley really is out of touch with the rest of the country. That or the people have their money and don’t care about the rest of the country.
The 20% number is for Bay Area. It comes from this article I posted a while back:
Tech companies employed 779,300 people Bay Area-wide at the end of 2016, or 20 percent of all payroll jobs in the nine-county region.
There are plenty of well-paid service jobs in growth sectors like healthcare that don’t require a college degree. Hanging onto low skill manufacturing jobs is the wrong way to go, at huge expense to our country.
Funny we are discussing issues we can’t influence 
. As far as I’m concerned, unemployment is almost low enough to be considered full employment at macro level. Not interested in alternate view of media or some vested interest. Some group of people or some sector or some geographical regions may have higher unemployment that is not representative of the macro, that is to be expected. This should be dealt with separately and not drag the whole nation with them, it seems Trump and his supporters are doing that.
Medical lab technician salary. Not too bad.
Definitely full employment in South Lake Tahoe, even though most only make $12/h…Big problem is housing…same in most places…Construction has been silent since 2007…That is 10 years of not enough housing being built. Trump could easily encourage more development. .It is the only thing he knows…Yet all I here is incessant whining about the media and his image. …
The whiner in chief? Oh yeah!
Worth reading, click on it.
I agree. But high salaries produce an under market of jobs who cater to them. Both depend of each other.
I have been saying it for years, this country needs to concentrate on stopping the influx of labor from overseas, be this legal or illegal. High tech diplomas should be a priority in any college or university. And, perhaps, create programs to keep the lower end of the labor pool working in the fields if they can’t educate themselves to do the jobs that the industry creates.
But any disruption of the number of people living here as of now, will cause a tremendous, bigly effects nobody can anticipate nor guarantee it won’t happen.
I guess you can easily look the other way while we have a record number on food stamps. It doesn’t impact you life, so who cares about those people.
Not sure what you want us to do. This is a RE forum, we’re not politicians. Did I help? Well, I give donations to charities, give money to whoever knock on my doors (some associations to help the poor and single mothers), and my wife occasionally help in such association, is that what you want to hear? IMHO, all these are part and parcel of being humans, no need to mention to everybody or in a RE forum. In RE forum, we focus on impact of RE.
http://www.usnews.com/news/the-report/articles/2017-02-07/trumps-100-day-tax-reform-pledge-in-doubt
Donald Trump’s ambitious goal to advance major tax reform through Congress during his first 100 days is already looking dubious.
Some Republicans doubt they’ll have a package complete by the 200-day marker. And even the president is couching expectations by nudging his original timeline, telling Fox News’ Bill O’Reilly he thinks Americans will see a tax cut by the end of the year – not within his first three or even six months.
The immense task of finding a suitable replacement for President Barack Obama’s health care law, the Affordable Care Act, as well as emerging divisions between House and Senate GOP lawmakers about the exact components of a tax overhaul are the key factors forcing a potential delay.
So much for a unified Republican government…
Not only tax reform, but for affordable care, bringing jobs back, building wall (mexico pay)…etc are really tough to implement or beyond the level.
What he was setting a standard is above his level, like the same way Elon was setting a goal which always he fails to meet.
This is same reason, Obama said in his private letter that if Trump gets a better deal on affordable care, he would support him !
This is the main reason when he was telling the same during campaign period, I could not believe him.
Now, he is trying his level best ! Let us see how much he is able to do. At the end of the four years, he has to make sure something quantifiable level he has done.
If you think rising inequality and it’s impact on policies won’t impact housing, then ok. A major reason Trump is president is rising income inequality and distrust for established political powers. It’s the same reason Bernie was so popular. They both speak of the same issues. The difference is their proposed solutions.
The border tax adjustment is a horrible idea. They need to strip that out. Get back to lower tax rates, less brackets, and less deductions for a simpler tax code. If I was designing it, I’d exempt income below the poverty line and have a flat 15-20% on income over the poverty line with no deductions. I’d have to crunch the numbers in what the exact percent would need to be. Everyone would be able to do their taxes in a few minutes. Plus, it’d get special interest out of lobbying to use the tax code to influence behavior.
US trade border is too open.
More companies prefer to move the jobs to Mexico, China or India mainly to reduce the costs. The pay scales are ranging 1 US job cost = 5 overseas job cost.
If Border tax adjustment is not there, then people have to accept the US wages equivalent of Mexico pay or China Pay and India Pay !
Trump is right on that stand. Otherwise, all corporate won’t prefer US.
Reducing too much tax results country wealth. Country gets more revenue, they spend more money on infrastructure or people welfare or defense…etc
Reducing corporate tax just below the average country corporate tax is enough to beat the other tax haven states. We can not get rid of all taxes as this is main revenue for government.
Why not? Unless you think Americans have the birth right to good pay good life, and all other nations are slaves who deserve peanuts. Other nations are expected to pay high price for Made In USA product but sell products/ services/ resources to USA cheap. Do you think other nations are going to accept this line of thinking? Many nations are so pissed with Trump’s America First, they are putting up signs that say, “America First, Singapore Second” for an example. If Trump continues his way, it would end up America vs the rest of the world. Everybody would just trade amongst themselves, ignoring USA. USA can live alone.
Why should a citizen of this country compromise with others? Hating others may be wrong, but safe guard from external world (protectionism) is not wrong. It is like putting a security around our own house. This is his country, he works, he earns, he changes protectionism for his benefit.
This is very common for any president including Obama. All his activities are towards the benefit of this country !
Yes, that is called self reliance ! Let other country live on their own ignoring USA. It is fine.
For Trump, America first and he wants his people to be benefited first.
You can’t only look at labor cost. You have to look at the full cost to get the product to the customer. There’s manufacturing that’s highly automated. It’s less sensitive to labor costs. There’s stuff that’s expensive to ship, so you need to manufacture where the customer is.
The software people think they’re immune. A lot of companies offshore QA of their software. It won’t be long until those countries are writing more and more of their own software. Software literally has zero physical barriers and will migrate even faster than manufacturing to the lowest cost country.