UID:
almahu_9949530779302882
Format:
1 online resource (192 pages) :
,
illustrations (black and white).
ISBN:
9781003372677
,
1003372678
,
9781000880212
,
1000880214
,
9781000880236
,
1000880230
Content:
This book addresses the vital importance of reshoring US manufacturing capability to ensure economic and military security and then discusses the proven methods that the United States used to gain manufacturing supremacy in the first place. The vital takeaway is: If the job can be made sufficiently productive, the per-unit labor cost ceases to be relevant which means a business can pay high wages, realize high profits, and deliver low prices simultaneously. The contest is then not between high wages and cheap labor, but between efficiency and inefficiency and, when automation is involved, machine against machine. Readers will be able to put these principles to work very quickly to achieve tangible results. The relatively low Federal minimum wage has meanwhile become a major issue, but inflation skyrocketed in the second quarter of 2022 when higher wages, and higher demand for goods and services, were not matched with higher productivity. The book addresses the relationship between the money supply and the velocity of money to prices, wages, and productivity. A manufacturing resurgence in the United States will not only increase our standard of living enormously but generate taxable economic activity that will help pay down rather than increase the Federal debt. Higher productivity also delivers a greater supply of goods to accompany higher wages, and thus works against inflation. This can prevent looming recessions and disruptions.
Note:
〈P〉Preface 〈/P〉〈P〉Introduction 〈/P〉〈P〉Reshoring is a SMART Goal 〈/P〉〈P〉Content Overview 〈/P〉〈B〉〈P〉Chapter 1. Wages, Productivity, and Inflation 〈/P〉〈/B〉〈P〉Money is Not Value or Utility 〈/P〉〈P〉Money Debasement, Then and Now 〈/P〉〈P〉Even Precious Metals Often Lack Genuine Utility 〈/P〉〈P〉Weimar Wastepaper and Cryptocurrency 〈/P〉〈P〉Money Supply and Velocity, and the Equation of Exchange 〈/P〉〈P〉Deficit Spending and Inflation 〈/P〉〈P〉Productivity Counteracts Inflation and Pays Down the Deficit. 〈/P〉〈P〉Revenue Must Also Balance Profits and Costs of Production 〈/P〉〈P〉Waste is Inflationary 〈/P〉〈P〉We Must Produce Our Way Out of the National Debt 〈/P〉〈B〉〈P〉Chapter 2. Loss of Manufacturing Equals National Decline 〈/P〉〈/B〉〈P〉National Prosperity Comes from Adding Value to Raw Materials 〈/P〉〈P〉Be at the Top of the Food Chain 〈/P〉〈P〉Raw Materials are Fleeting; Manufacturing Endures 〈/P〉〈P〉The Danger of Manufacturing Inferiority 〈/P〉〈P〉The United States' Response: Lean Manufacturing 〈/P〉〈P〉Emerson's Twelve Principles 〈/P〉〈P〉The Leaders of the American Response to Japanese Organization 〈/P〉〈P〉Industrial Power Equals Military Power 〈/P〉〈P〉Pre-Agricultural Warfare 〈/P〉〈P〉Modern Warfare as a Product of Agriculture 〈/P〉〈P〉The Rise of the Military-Industrial Complex 〈/P〉〈P〉Lepanto (1571) and the Spanish Armada (1588) 〈/P〉〈P〉The American Civil War 〈/P〉〈P〉The First World War 〈/P〉〈P〉The Second World War 〈/P〉〈P〉Manufacturing an End to War 〈/P〉〈P〉Cooperation is Natural, and Conflict is Dysfunctional 〈/P〉〈P〉War Was Once a Private Affair Between Absolute Monarchs 〈/P〉〈P〉War in the Industrial Era 〈/P〉〈P〉Application to National Social Problems 〈/P〉〈P〉The Collapse of American Shipbuilding and Maritime Commerce 〈/P〉〈P〉Summary 〈/P〉〈B〉〈P〉Chapter 3. The PRC is a Dangerous Geopolitical Rival 〈/P〉〈/B〉〈P〉The PRC's Threats to American Supply Chains 〈/P〉〈P〉The Chinese Communists Lobbied Against Legislation to Promote US Chip Manufacture 〈/P〉〈P〉Counterfeit and Substandard Products 〈/P〉〈P〉Failure Mode Effects Analysis Perspective 〈/P〉〈P〉Dangerous Pet Toys and Pet Foods 〈/P〉〈P〉Counterfeit Fasteners in Aerospace and Construction 〈/P〉〈P〉Counterfeit PRC Medications Threaten U.S. Supply Chains 〈/P〉〈P〉Substandard Respirators for Covid-19 Protection 〈/P〉〈P〉General Supply Chain Risks 〈/P〉〈P〉Semiconductor and Automotive Supply Chains 〈/P〉〈P〉Other Supply Chain Problems 〈/P〉〈P〉Summary 〈/P〉〈B〉〈P〉Chapter 4. Cheap Labor is a Dangerous Illusion 〈/P〉〈/B〉〈P〉Meet the High-Priced Workers 〈/P〉〈P〉High-Priced Workers and Standards 〈/P〉〈P〉High-Priced Soldiers are Cheaper than Cheap Soldiers 〈/P〉〈P〉Gideon and his 300 "High Priced Men" 〈/P〉〈P〉Cheap Labor is Costly 〈/P〉〈P〉What About Piece Work? 〈/P〉〈P〉Can We Compete with PRC Automation? 〈/P〉〈P〉Near Common Sense versus Supernal Common Sense 〈/P〉〈P〉Financial Metrics: the Road to Ruin 〈/P〉〈P〉Be Careful What You Wish; You Might Get It 〈/P〉〈P〉How Dysfunctional Metrics Brought Down W.T. Grant 〈/P〉〈P〉Unsaleable Inventory and the Laxian Key 〈/P〉〈P〉Marginal Revenues, Costs, and Profits, and Sunk Costs 〈/P〉〈P〉Transfer Pricing Traps 〈/P〉〈P〉How to Outsource Manufacturing at a Loss 〈/P〉〈P〉Dysfunctional Purchasing Incentives 〈/P〉〈P〉Total Cost of Ownership (TCO) and Toyota's Seven Wastes 〈/P〉〈P〉Waste in Trucking Hurts Drivers and Makes Just-in-Time Impossible 〈/P〉〈P〉Book Value is Not Real Value 〈/P〉〈P〉Costs of Foregone Opportunities 〈/P〉〈P〉Slavery, Robot, and Corvée as Free Labor 〈/P〉〈P〉Aristotle Predicted that Automation Would Abolish Slavery 〈/P〉〈P〉The Suez Canal; Late and Overpriced with Free Labor 〈/P〉〈P〉Automation Eradicates Slavery and Cheap Labor 〈/P〉〈P〉False Economy of Cheap Equipment and Training 〈/P〉〈P〉Low Wages Indicate Low Profits and High Prices 〈/P〉〈P〉Lose the Luddites 〈/P〉〈P〉Shoe Manufacture: A Case Study 〈/P〉〈P〉The Ford Motor Company, Early Twenty-First Century 〈/P〉〈P〉Self-Service Kiosks 〈/P〉〈P〉Longshoremen versus Bar Code Scanners 〈/P〉〈P〉Luddism and Mechanical Power 〈/P〉〈P〉Don't Prove the Luddites Right 〈/P〉〈P〉Summary 〈/P〉〈B〉〈P〉Chapter 5. We Can Do It! 〈/P〉〈/B〉〈P〉Think Like a Greek 〈/P〉〈P〉Learning from Hercules 〈/P〉〈P〉Learn from Everything You Encounter 〈/P〉〈P〉Break Paradigms and Think Around Problems 〈/P〉〈P〉Our Legacy from Alexander the Great (and Henry Ford) 〈/P〉〈P〉When Education is Dangerous 〈/P〉〈P〉The Basic Principles 〈/P〉〈P〉Efficiency Makes the Per-Unit Labor Cost Negligible 〈/P〉〈P〉Friction and Opportunity Costs 〈/P〉〈P〉Taylor's "Improved" Pig Iron Handling Still Shows Enormous Waste 〈/P〉〈P〉Gap Analysis 〈/P〉〈P〉More About Friction 〈/P〉〈P〉Modern Depictions of Friction 〈/P〉〈P〉The Value-Adding "Bang!" 〈/P〉〈P〉Friction, Motion Efficiency, and Standard Work 〈/P〉〈P〉Interrupted Thread Fasteners 〈/P〉〈P〉Japanese Disposable Gowns 〈/P〉〈P〉Fruit Harvesting 〈/P〉〈P〉Shoveling 〈/P〉〈P〉Brick Laying and Roofing 〈/P〉〈P〉Floor Tiles, Sidewalks, and Safety Tape Marking 〈/P〉〈P〉Standard Work 〈/P〉〈P〉Standards are Documented 〈/P〉〈P〉Use the Standard to Identify Improvement Opportunities 〈/P〉〈P〉Elements of Standard Work 〈/P〉〈P〉The Job Breakdown Sheet 〈/P〉〈P〉Opportunity Costs 〈/P〉〈P〉Textiles and Cotton 〈/P〉〈P〉Opportunity Costs in Agriculture 〈/P〉〈P〉Opportunity Costs in Fruit Harvesting 〈/P〉〈P〉Pay Attention to Materials and Energy 〈/P〉〈P〉The Material and Energy Balance 〈/P〉〈P〉Material and Energy Review 〈/P〉〈P〉Hunt the Coal Thief 〈/P〉〈P〉Paint Parts, Not Air 〈/P〉〈P〉Fertilize Crops, Not Groundwater 〈/P〉〈P〉Baptize Converts, Not Parts 〈/P〉〈P〉Raise Meat, Not Animals 〈/P〉〈P〉Dye the Yarn, Not the Water 〈/P〉〈P〉Sell the Coal Chemicals, Don't Burn Them 〈/P〉〈P〉Light the Streets, Not the Sky 〈/P〉〈P〉Ship Product, Not Air 〈/P〉〈P〉Avoid Wasteful Overhead 〈/P〉〈P〉Expensive Cities Add Costs 〈/P〉〈P〉Educate the American Consumer to Buy Value and Not Waste 〈/P〉〈P〉Don't Buy Indulgences or the Emperor's New Clothes 〈/P〉〈P〉Extended Warranties 〈/P〉〈P〉Advertising 〈/P〉〈P〉Celebrity Endorsements and Brand Names 〈/P〉〈P〉Cryptocurrencies 〈/P〉〈P〉Private Versus Public Universities 〈/P〉〈P〉Summary 〈/P〉〈P〉Conclusion 〈/P〉〈P〉〈/P〉〈P〉Bibliography 〈/P〉
Additional Edition:
Print version: Levinson, William A., 1957- Reshore production now. New York : Productivity Press, 2023 ISBN 9781032445403
Language:
English
DOI:
10.4324/9781003372677
URL:
https://www.taylorfrancis.com/books/9781003372677
Bookmarklink
