Peter Schiff Ignorantly Advocates Return Of Sweatshop Manufacturing To The US

Petey thinks you need to have an army of uneducated, low skill, low wage sweatshop workers to create a vibrant economy.

Of course, all the data and evidence says otherwise but that won't stop him from parroting his nonsense again and again, even though SchittReport and other experts have already refuted his inane arguments over and over.

He even advocates young people not going to university to complete their educations and start being a sweatshop laborer at an early age - so that you can be as uneducated and ignorant as his cult followers perhaps - and lead a life of serfdom on the Koch plantation?!

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[YODUNNY]

It depends on the circumstance... I have two friends who are both in the automotive industry. One friend went straight to work out of school, the other went to school to learn about cars. The person who went to school is now working for the person who went straight to work after school making 8 bucks an hour less, and learns from him. There are a few instances where experience in the job setting negate the need for "higher education".

[SchittReport]

@YODUNNY

that is a remote example. most managerial and above positions require university qualifications, its as simple as that.

[GnomesAmok]

@DinaStrange

Because hilarity ensues. They want him to expose the lunatic ideology driving the tea party, free market fundamentalism, etc.

[DefenceSpeech]

For people like Schiff, existence is a for profit business. May work for them as a business model, but I don't want these sociopaths anywhere near the government.

[DinaStrange]

Idiots...why Schift is even invited to interviews?

[paynesm2]

@YODUNNY Yeah well your friend who went to school for automotive technology chose a good productive field of study. Kids are always striving for those communications or agricultural business degrees. That's not going to help you on a farm and that's not going to help you in any plant. People need to just work. Not everyone can be the manager. You need grunts. Schiff may be off base a lot, but any who argues that this country has any productive capacity at all is a fool. Bad example yodunny.

[missmahnee]

no matter what question is asked, he has the same answer

[heckler73]

That last chart was pretty telling. All the slack given up by manufacturing has gone into the services, and Pete's favourite, the FIRE economy. #LOL

Which brings up the question of what "red tape & regulations" is Pete talking about (examples)? The productivity is clearly deduced from the Output vs Manufacturing labour chart.

It seems there isn't any problem with his "industry" judging from its growth.

What's the barrier to entry there? Does he fear further competition squeezing his margins?