A "Healthy Capacity" for Transit Manufacturing Exists in NYC

Citing the shift in economic activity at the Brooklyn Navy Yard, Ginia Bellafonte makes a case for bringing transit manufacturing to this and similar areas of the city. Talent's not an issue, but financing always is.

"John Samuelsen, the president of Local 100 of the Transport Workers Union, who eight days later would deliver a rousing speech at the Occupy Wall Street protest on behalf of working families, made the simple but meaningful case that people using the transit system should be the people making the transit system. 'We have the talent to do to this; we have full-blown engineers now doing signal work because they can't find jobs,' he said.

Upstate, the fate of factories that produce mass transit vehicles and components rises and falls on investment by the authority."

Full Story: One Day, Maybe, Artisanal Train Cars

Comments

Comments

I agree with him on this

I agree with the general premise here, that underutilized talent is by far the largest problem. In fact, I would argue that underutilized talent/skills are by and large the biggest drain on the US economy. Businesses are sitting on cash, something like 2.1 trillion USD worth, and are not investing it in growth. The reason for this is 2 fold. Firstly the US government due to their very high corporate income tax (the highest in the world in fact) discourages businesses to keep their money in domestic enterprises. Secondly, large companies literally own almost all of the country's wealth, because of the US government supporting the conglomeration effect

Gerald
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