martes, 28 de febrero de 2017

Automakers Are Liking The New Watchdog At EPA

The Alliance of Automobile Manufacturers trade group wants the new EPA Administrator Scott Pruitt to overturn an 11th-hour Obama Administration action to lock in tougher emissions standards.

China Will Not Replace America As the Leader Of Free Trade

Don't confuse China's growing globalization footprint with China's ability to lead an open and fair framework-of-rules for the global trading system. China has neither the appetite or capacity to lead on free trade.

E-Book Sales Down 17% In First Three Quarters Of 2016

According to data released by the Association of American Publishers released last week, sales of e-books in the adult trade market declined 16.9% in the first nine months of 2016 over the same period in 2015.

The Trump Trade Was Killing Bonds. Now They're Doing Fine.

“Before, the Trump trade was everywhere,” according to Jim Vogel, head of interest-rate strategy at FTN Financial. “It’s now finding more logical places to express itself.”

Trump Looks to Throw WTO Rulebook out the Window

A string of bad trade agreements leads President Trump to explore drastic measures.

Investors, Beware Of Trump Expectation Syndrome

A potential risk to the “Trump Trade” momentum is what I am calling Trump Expectation Syndrome.

Robert Lighthizer

U.S. Trade Representative

What Trade Wars? Chevrolet Finally Brings Gas Guzzling U.S. Pickup Trucks To China

Things seem to have calmed down a bit between China and the United States; there is no talk about a trade war with hefty tariffs on America cars anymore. Chevrolet therefore thought it safe to bring some proper Americana to Chinese shores in the shape of the gas guzzling Colorado and Silverado.

lunes, 27 de febrero de 2017

Out Of The Box Trade Policies Or Just Repeating Old Mistakes?

The Trump administration has prided itself on its disdain for economic expertise. The trade policies they are passing off as bold and new have, in fact, been tried repeatedly and have failed.

Trump's Trade Proposals Range From The Ridiculous To The Impossible

Trump has floated some ideas about global trade that are nonsensical at best.

Trump's Trade Proposals Range from Ridiculous to Loony

Trump has floated some ideas about global trade that are nonsensical at best.

GE's Jeff Immelt Is Right About Nationalist Trade Policies - They Make Us All Poorer

All of which is why it's so misleading to calls tariffs and trade restrictions "protectionism" or "nationalist." What is actually either nationalist or protectionist about making us all poorer?

How To Reduce Trump And European Union Breakup Risk

With Donald Trump seemingly determined to keep his trade-related campaign promises and populist forces gaining steam in Europe, investors should 'think small' to stay ahead.

Mr. Trump, Here's Why Trade Deficits Are Good

The goal isn't to export the most stuff, but rather to get the most for what you export.

Warren Buffett Attacks Trump's Protectionism

Buffett made a patriotic case for international trade and immigration, arguing Americans benefit the most from an open market.

BofA Chief Investment Strategist Describes "Icarus Trade" in Trump Era

Markets have rallied since the Trump victory in the presidential election, but will they maintain their pace? Bank of America's Michael Hartnett remains optimistic.

sábado, 25 de febrero de 2017

CPEC: While Northwest China Enjoys Pakistani Seafood, India Feels Beijing's Presence In Pakistan

China’s enormous investment in CPEC serves much more than trade. It advances Beijing’s “String of Pearls” strategy, as well as its strategy to encircle India through its arch-rival, Pakistan.

If China Wants To Prevent Trade Wars It Should Stop Waging Them

The simple fact of the matter is that for China, trade and investment are key levers of foreign policy and are routinely deployed at an instrumental level in the service of precise foreign policy objectives.

Italian Jewelry Fair Makes Room For Independent Designers

The VicenzaOro January jewelry trade fair created a well-designed and comfortable space in a high profile area dedicated to independent jewelry designers.

JC Penney Shrinks, Family Christian Closes - Economic Change Is Harsh But Necessary

But by far the most important point here is that all of the above applies exactly and equally to trade. It makes us richer and it happens only because we desire it. We don't pass laws insisting that we must buy Bibles from stores not websites, but we do about steel from American plants not foreign.

viernes, 24 de febrero de 2017

The Cost Of Screwing This Up Is Unimaginable

So-called free trade is a threat to independence. The Republicans want to fix the economy, and it’s really important that they get it right.

Quit Your Job To Trade Stocks?

Ready to quit your day job and become a full-time trader? These tips will help you determine your area of expertise.

Google's Self-Driving Car Division Sues Uber

Google's self-driving car division Waymo is suing Uber for stealing trade secrets.

Global Trade Outlook Clouded by Policy Uncertainty

The World Bank says global trade and economic growth are still struggling

Diese Aktien aus dem Tec-Dax bieten Anlegern Chancen

Netzwerkkabel für die 25.000 Server im Karlsruher Rechenzentrum von United Internet.

Neuengagements bei deutschen Technologiewerten bleiben interessant. Vor allem drei Aktien aus dem Tec-Dax bieten Anlegern Chancen.

jueves, 23 de febrero de 2017

"All We Want Are The Facts": The Joe Friday Approach To Exit Planning

The success you’ve achieved in your business ownership can most likely be attributed to a steadfast adherence to facts and evidence in your decision-making. But sometimes, even the most successful owners trade facts for assumptions throughout their exit-planning processes.

NBA Trade Deadline: How Do The Deals Made Make The Grade?

The NBA trade deadline is passed, so how do the deals made make the grade?

NBA Trade Deadline: With George, Butler Staying Put, Focus Shifts To 3 Contenders Vying For Bogut

The 7-footer was traded to the Sixers, but he'll be back on the market for some of the top contenders after taking a buyout.

NBA Trade Deadline: Buy Or Sell Latest Paul George, Jimmy Butler, Derrick Rose, Jahlil Okafor Rumors

We’re in the home stretch leading up to the 2017 NBA trade deadline, and there are still several big names that could be dealt to a contender at the eleventh hour. But will the likes of Paul George, Jimmy Butler and Derrick Rose actually be moved?

The Cousins Trade is a Corporate Culture Lesson for NBA Players

The Cousins trade is a reminder that even in a players' league, ownership has its privileges.

NBA Trade Deadline: Vegas Pros Pick Which NBA Stars Are Most Likely To Be Dealt

Fantasy GMs have a lot of deals they'd like to see, but are there any NBA trade deals that truly make sense? One Vegas expert weighs in on the likelihood of deals going down.

New York Knicks Reportedly Exploring Trade Of Derrick Rose To Minnesota Timberwolves For Ricky Rubio

The New York Knicks have had another turbulent season and it could result in parting ways with former MVP Derrick Rose after less than one season. The rumored suitor is the Minnesota Timberwolves, who are reportedly set to part ways with Ricky Rubio and his four-year, $55 million contract.

Deron Williams May Land Back In Utah With Reported Trade Talks Between Mavericks And Jazz

Dallas Mavericks guard Deron Williams has made over $142 million in his NBA career, but Thursday's trade deadline could bring him back to where it all began. Williams has been rumored to be making a return to the team that drafted him in the Utah Jazz and that could become a reality this afternoon.

Philadelphia 76ers Center's Jahlil Okafor And Nerlens Noel In Limbo As Trade Deadline Approaches

The Philadelphia 76ers have improved their play in 2017, but also see two of their young prospects on the trading block as the team looks to continue to try and build off the strong second half of the season with their young core. The NBA Trade deadline is at 3:00PM EST today.

miércoles, 22 de febrero de 2017

Taking Trump's Measure On Trade

The President called NAFTA a “disaster.” But neither he nor his advisers have been very specific about what, specifically, they object to in such agreements ...That means that any new policy initiative that would change the measure of trade deficits seems highly relevant.

NBA Trade Deadline: Buy Or Sell Paul George To Lakers, Jimmy Butler To Celtics, Other Rumored Deals

We’re in the home stretch leading up to the 2017 NBA trade deadline, and there are still several big names that could be dealt to a contender at the eleventh hour. But will the likes of Paul George, Jimmy Butler and Derrick Rose actually be moved?

San Francisco 49ers Reportedly A Potential Destination For Jimmy Garoppolo If Patriots Look To Trade

New England Patriots backup quarterback Jimmy Garoppolo won a Super Bowl this past season, but only has one year remaining on his contract. With Tom Brady not looking to retire anytime soon, discussion for what lies next for Garoppolo has picked up with the 49ers emerging as a possible destination.

The Border Adjustable Tax Can't Shrink The Trade Deficit and Produce Trillions In New Revenue

Lawmakers who support a border adjustable tax say it will generate trillions of dollars in new revenue and shrink the trade deficit. It can’t do both.

Re-exports Controversy Is A Sad Case Of Factoid Economics

The controversy over counting re-exports in the trade deficit derives from a common fallacy that I call factoid economics. Understanding the economy requires that underlying relationships be clear, and numbers used only when they are in some kind of perspective.

Three Stocks Trading Near Support

These stocks are trading near support, signaling a potential long trade for technical traders.

10 Insights To Consider As You Plan Your Marketing Communications Roadmap

To build a strategic marketing plan, you need to think about your brand, social media, events and trade shows, content creation, and more.

Dax überspringt erstmals seit fast zwei Jahren 12.000-Punkte-Marke

Blick auf die Dax-Tafel an der Frankfurter Börse.

Der Dax ist am Mittwoch erstmals seit knapp zwei Jahren über die Marke von 12.000 Punkten gesprungen und auf ein Zwei-Jahres-Hoch von 12.030 Zählern geklettert.

Dax überspringt erstmals seit fast zwei Jahren 12.000-Punkte-Marke

Blick auf die Dax-Tafel an der Frankfurter Börse.

Der Dax ist am Mittwoch erstmals seit knapp zwei Jahren über die Marke von 12.000 Punkten gesprungen und auf ein Zwei-Jahres-Hoch von 12.030 Zählern geklettert.

martes, 21 de febrero de 2017

NBA Trade Rumors: Jimmy Butler, Lou Williams And The Top 5 Players That Could Be Dealt In Final Days

While it appears as though Carmelo Anthony will remain with the Knicks, there are currently suitors with the assets to swing deals for Jimmy Butler, Lou Williams and other big-impact players. After DeMarcus Cousins to the Pelicans, these are the top trades that could happen.

The San Francisco 49ers Should Gamble On Jay Cutler

The Chicago Bears are trying to trade quarterback Jay Cutler, and the San Francisco 49ers should make an offer.

Communism Is The Reason For The Trade Deficit With China

Backing a non-credible currency required dollars, gained by exchanging all that container-ship stuff

Qualcomm Calls KFTC Lawsuit Unfair, Citing Samsung

Company may now cite Samsung's possible undue influence over the Korea Fair Trade Commission.

Pelicans Can Afford Davis And Cousins -- NOLA Just Became A Destination

The DeMarcus Cousins trade makes the New Orleans Pelicans a true destination in the NBA's Western Conference.

lunes, 20 de febrero de 2017

Dolphins Buy-Low On Julius Thomas, Trade Branden Albert To Jaguars In Offseason's First Great Moves

The Jaguars didn't lose either of these trades. The Dolphins just won them.

NBA Trade Deadline: Jimmy Butler, Lou Williams And The Top Players That Could Be Dealt In Final Days

While it appears as though Carmelo Anthony will remain with the Knicks, there are currently suitors with the assets to swing deals for Jimmy Butler, Lou Williams and other big-impact players. After DeMarcus Cousins to the Pelicans, these are the top trades that could happen.

Trump Admin's Amusing Trade Figures Fiddle - Won't Work But Amusing All The Same

Which is where the amusement comes in of course. For those proposing this don't seem to understand the most basic point about trade. Which is that, by definition, the balance of payments balances.

Retail Giants Home Depot And Wal-Mart Report Earnings Tuesday, Here's How To Trade Them

Home Depot and Wal-Mart are two retailers that are major components of the Dow Jones Industrial Average. These companies report earnings before the opening bell on Tuesday. Here's how to trade them.

domingo, 19 de febrero de 2017

Sacramento Kings Deal DeMarcus Cousins To The New Orleans Pelicans

The Sacramento Kings and New Orleans Pelicans have agreed to a blockbuster trade that will have DeMarcus Cousins teaming up with Anthony Davis in the Big Easy.

jueves, 16 de febrero de 2017

The Snuggie's Complicated Tax Status is Finally Resolved

Is it a blanket? Or is it a garment? The U.S. Court of International Trade has weighed in.

Why The Republican Plan To Tax Imports Won't Create More American Jobs

President Trump is dead-set on shifting the trade balance, and Congress' plan hinges on the idea that border adjustment taxes can reduce imports and promote exports of U.S. made goods. But a new study concludes that the levies would not help U.S. companies sell more products abroad.

What Canada's Trudeau Must Understand - The Only Fair Trade Is Free Trade

But because it is all voluntary there is also no possibility of that trade not being fair. Thus fair trade and free trade are the same thing, or the only fair trade is free trade.

miércoles, 15 de febrero de 2017

EU Threatens to Retaliate Against Any U.S. Border Tax

Fierce resistance to President Trump’s plans to impose a border tax suggest that the U.S. may eventually walk away from the World Trade Organization.

Goldman: Trump Policies Hurt Silicon Valley

Predicting a negative impact from even a 'scaled-down version' of trade and immigration proposals.

Trump May Aim at These New Trade War Targets

Beyond China, Trump may focus his ire on big trade deficits with India, Thailand, Vietnam and Malaysia

Trade In Perfect For Badass With These 7 Tips

Carrie Hammer, a fashion designer and Forbes Under 30, changed the definition of beauty when she featured “Role Models Not Runway Models" at New York Fashion Week. Now she's sharing her tips about how to ditch jealousy, ask for help and find your true north.

martes, 14 de febrero de 2017

The Trade Red Herring

Trade policy is red meat for politicians. But automation is the real cause of the massive economic disruption the working class faces.

Terrence Ross Could Benefit Most From The Serge Ibaka Trade

The Toronto Raptors made a great move in acquiring Serge Ibaka from the Orlando Magic, but Orlando's acquisition of Terrence Ross in the deal could be the real winner of the transaction.

How To Trade Chevron, GE And The 2 Other Biggest Losers This Year

These four components of the Dow 30 are the worst performers of the nine Dow stocks that have declines so far in 2017. Here's how to buy and sell them now.

Vor allem Dax-Konzerne müssen sich häufiger korrigieren

Blick auf die Dax-Tafel an der Frankfurter Börse.

In einem unsicheren Umfeld können die Unternehmen schlecht planen.Gerade Dax-Konzerne lagen im vergangenen Jahr oft falsch. Allerdings waren sie meist zu pessimistisch.

lunes, 13 de febrero de 2017

NBA Trade Deadline: Fading Fast, The Toronto Raptors Need To Add Gallinari, Ibaka Or Millsap

After advancing to their first Eastern Conference Finals last June, the Raptors are regressing and need to add a forward to help their All-Star backcourt.

Three Finance Stocks to Benefit from A Revised Tax Plan

Financial stocks that are in the best position to benefit from proposed tax changes include T. Rowe Price, Charles Schwab and E*Trade.

Vor allem Dax-Konzerne müssen sich häufiger korrigieren

Blick auf die Dax-Tafel an der Frankfurter Börse.

In einem unsicheren Umfeld können die Unternehmen schlecht planen. Vor allem Dax-Konzerne lagen im vergangenen Jahr oft falsch. Allerdings waren sie meist zu pessimistisch.

Gentle, Adorable Pangolins Are Critically Endangered By Misguided Medical Beliefs

Saturday 18 Feb is World Pangolin Day. Pangolins are critically endangered because some people kill them to use their scales in traditional Chinese medicine, and CITES recently banned all trade in pangolins. Let's hope it's not too late.

Das bringt die neue Börsenwoche

Blick auf die Dax-Tafel an der Frankfurter Börse.

Beim Dax scheint etwas die Luft raus zu sein. Per saldo trat der Index in den vergangenen fünf Handelstagen auf der Stelle, obwohl die Wall Street ihre Rekordjagd fortsetzte.

sábado, 11 de febrero de 2017

Trump Reverses Course on Another Trade Issue

President Trump has apparently changed his mind about opposing the Export-Import Bank, which had been blocked by Senate conservatives

Orlando Magic Forward Serge Ibaka The Subject Of Trade Discussions As Deadline Approaches

The Orlando Magic find themselves at 20-35 on the season after high off-season hopes had them thinking Eastern Conference playoffs. Serge Ibaka has only been on the Magic for the 2016-17 season, but reportedly could be on the move once again before February 23rd.

China's Trade Surplus Falls - But January Numbers Here Are Often A Bit Odd

So, really, the correct answer here is that until we see at least the February numbers, and possibly the March ones, we'll not be able to say anything terribly useful by looking at Chinese trade and other economic statistics. Sad but true, that's just how the calendar works.

Fitch Says Trump Administration Risk To Global Economy - That's Why He Was Elected

Now, myself, I think that many of these policies which Trump is talking about, which he's likely to at least try and enact, are somewhere between not very good and no good. Restrictions on trade will just make all poorer given that trade is a positive sum endeavour.

viernes, 10 de febrero de 2017

No -- I Won't Trade A Fair Salary For A 'Great Culture'

Nico is getting frustrated of recruiters contacting him about job opportunities that don't pay the fair market salary level "because it's a great culture!" What do you think of this practice?

Amazon Identifies A New Business Risk: Trump's Trade Policies

Amazon.com CEO Jeff Bezos (Photo: Peter Foley/Bloomberg) Big business tends to welcome Republican policies, and the recent stock market rally suggests traders believe U.S. companieswill benefit from President Donald Trump's promised tax cuts and elimination of regulation. But not everyone in Corporate America is jumping for joy or anticipating higher income. Amazon.com [...]

M-Dax auf Rekord - Dax geht über 11.700 Punkten die Puste aus

Zumindest für den M-Dax geht es am Freitag bergauf.

Der deutsche Leitindex legt zum Wochenausklang nur noch wenig zu, dafür knackt der M-Dax am Freitag die Marke von 23.000 Punkten. Die Aktien von Heidelberg Cement und Puma überzeugten die Anleger.

Trump Backs Down on Threat To Use One China Policy As Bargaining Tool

President Trump backed down on his threat to use the One China policy as a bargaining chip to improve trade with Beijing

Auf diese vier Dax-Aktien sollten Anleger im Börsenjahr 2017 achten

Waferproduktion bei Infineon

Angesichts niedriger Zinsen sind Aktien eine gute Wahl. Die ausgeprägte Rally zum Jahreswechsel hat bei vielen deutschen Standardwerten die mittelfristige Lage grundlegend verbessert. Nur welche erweisen sich in diesem Jahr als besonders vielversprechend?

miércoles, 8 de febrero de 2017

China's Abusive Trade Practices Likely To Focus Trump's Wrath

China recorded an even larger trade surplus with the U.S. In 2016, likely setting the stage for a battle royale with President Trump

New Book Reveals The Truth About Car Culture In Cuba

A new book explores the spirit of automotive survival in Cuba, where half a century of trade embargo has forced car owners to patch up their vehicles with ill-fitting Russian parts.

Goldman Sachs: Trump Likely to Hit China on Trade

Goldman Sachs examines how trade tensions between the U.S. and China are likely to play out under the Trump presidency.

The Trump Trade Wobbles - So How Do You Diversify From It?

To understand the Trump Trade look at the key underpinnings such as the business-friendly administration that wants to move quickly to reduce regulation and slash taxes. It's easy to pick stocks over bonds due to economic strength but its also important to stay diversified from the Trump Trade.

Carbon Prices Rise In California's Cap-And-Trade Program As Legal Certainty Grows

California’s cap-and-trade program is starting 2017 on a strong note ahead of its first quarterly auction on February 22. Despite an uneven performance last year, the state's carbon market is strengthening through rising prices as legal certainty over the program’s future takes shape.

Schöne Kurve, schöne Gewinne

Der Handelsraum der Deutschen Börse in Frankfurt. Jedes Börsenjahr ist transparent.

Indexfonds (ETF) sind beliebt wie nie. Das können Anleger nutzen. Sie brauchen nur die Aktie der Firma MSCI zu kaufen, die für die wichtigsten Börsenindizes der Welt verantwortlich ist.

US Trade Deficit Rises To $502 Billion For 2016 - Not That It Matters In The Slightest

So, the trade balance, the trade deficit, doesn't matter in the slightest. Yet all too many people get very het up about it which is why we have to note it. Rather than ignore it as we should.

martes, 7 de febrero de 2017

China's Upward Currency Manipulation Might Have To End - FX Reserves Are Falling

The general demand is that China stop manipulating the value of its currency. OK, so, let's insist upon that. The value of the yuan will fall, Chinese exports to America will be cheaper and we might well then see an increase in the US trade deficit.

Is The Trump Rally Over?

In recent days some major voices are sounding caution that the Trump Trade may be coming to an end.

LeBron James Pushing For Cavs To Trade For Melo, Pelicans And Sixers Talking Okafor/Holiday Trade

LeBron James is calling for the Cavs to trade for Carmelo Anthony. The Pelicans and Sixers are working on a deal centered on Jahlil Okafor.

Why China Doesn't Need the US for Trade

From NATO to TPP, Trump and trade just don’t seem to mix. Is he right? Well, when it comes to China, he could be if we were living in the 80s. But things have changed. China is in a much better position than the US when it comes to trade.

This Is How Trump's U.S. Protectionism Has Actually Helped Asian Healthcare

A formal American withdrawal from the TPP was actually beneficial to public health —and not just in Asia— by the resulting indirect prevention of the pervasive damage which the trade deal could’ve caused.

lunes, 6 de febrero de 2017

South China Sea: Red Lines And Propaganda Wars Flare Up Tensions

Red lines and propaganda wars flare up tensions in South China Sea that threaten international trade and investments.

Groups Sue FTC, Charge Agency Has Failed To Protect Consumers From Used Car Recall Danger

Consumer groups say the Federal Trade Commission has betrayed its mission and failed consumers by allowing automakers and dealers to advertise used cars as safe despite an outstanding recall. And they filed suit Monday against the agency.

3 Of The 8 'Dogs Of The Dow' Are Underperforming, Here's How To Trade Them All

Chevron, Verizon and Exxon Mobil have been a drag on the 'Dogs of the Dow.' Here's how to buy and sell them now.

Exchange Traded Funds (ETFs)

What ETFs are: Uniquely structured investment funds that track broad-based or sector indexes, commodities and baskets of assets. Pros: Diversity in a single investment; trade on regulated exchanged; can be traded on margin; no short-selling restrictions; low expense ratios; some brokers offer commission-free trading; tax efficient.

Advanced Candlestick Patterns

Go beyond the basics! Learn to identify and trade island reversals, kicker patterns and more.

domingo, 5 de febrero de 2017

Super Bowl LI Cemented The B's As Legends In Their Own Time

Boston has 30 championships in the major sports leagues. But none are as historic as Super Bowl LI. Atlanta has one championship. And they would trade that one in for this Super Bowl.

sábado, 4 de febrero de 2017

Trump On Trade: The Good, The Bad And The Ugly

For better and for worse, President Donald Trump has proven to be a man of his word. But how has he done so far in the arena of trade?

Trump's Mental Deficit On Trade Deficits -- More #stupideconomics

Our trade deficit is of our own making. We consume too much at an enormous cost to our children. It's not the fault of the Mexicans or the Canadians or the Europeans or the Japanese or the Chinese -- all of whom have been accused of being bad for what comes down to investing in our country.

jueves, 2 de febrero de 2017

On Mexico, Trump Holds Nearly All The Cards

Investors don't see how Mexico wins a trade war with the U.S. Wall Street hopeful for détente, and see this as providing the peso with some upside.

House GOP Border Tax Is A Wolf In Sheep's Clothing

House Republicans' border tax proposal is a tariff disguised as a tax. It could lead to a trade war.

Dax-Konzerne ziehen Bilanz - Deutsche Bank-Aktie verliert 5 Prozent

Deutsche Bank-Chef John Cryan hat noch viel zu tun bei Deutschlands größtem Bankhaus.

Die Bilanzsaison im Dax nimmt Fahrt auf. Die Zahlen von Daimler und der Deutschen Bank überzeugen die Anleger aber nicht, während Infineon-Aktionäre Grund zur Freude haben.

miércoles, 1 de febrero de 2017

The Latest #stupideconomics -- Peter Navarro Calls Germany a "Currency Manipulator"

In threatening Mexico, China, Japan and the Eurozone with trade wars, Trump and Navarro are manipulating our currency big time. I predict a major drop in the dollar if Congress doesn't intervene and keep our country from heading down its “elected” path to economic isolation and decline.

The Best Food Trends At San Francisco's Winter Fancy Food Show

Searching for the new Soylent at San Francisco's largest food trade show.

Trump's Voters Seen Hurt Most By a Trade War

Election Euphoria: small cities that voted for Trump may get hurt most by his protectionist policies

Bait And Switch From The EPI - China Trade Deficit Has Cost US No Jobs, Not One

Finally, no, it's not true that those high paid manufacturing jobs have been replaced with low paid service ones. sock making never was highly paid in the first place. The average wage in services is some $25 an hour in the US. The average wage in manufacturing is some $25 an hour in the US