Very interesting. Previous recessions returned to the 0.0% line much
more quickly than the recession of 2007, which is still nowhere near
the 0.0% job loss line. But wait ! Didn’t the federal government state
unequivocally that the recession ended in 2009 ? It seems as though
the government declared victory, as was done in Viet Nam.
My associative-thought-guided-instincts tell me that the difference between the 2001 trend line and the 2007 trend line reflects the cumulative impact of American jobs ‘going over seas’ during the last 20 years.
Yes. In the interest of fairness and balance, whatever that
means.
#4,
I agree. The short-term goal of minimizing the wage component
as an input to the ultimate cost must have worked wonders for the
careers of clever managers. However, when these short-term
goals turned into long-term business practices, the question
naturally arises : “If millions of American workers have been
herded into unemployment or under-employment, how can they
lead the consumer-driven charge which will power the economy ?”
If Americans don’t have jobs – or even feel that their jobs will
soon be outsourced – why should they further jeopardize their
financial security by buying Chinese-made consumer goods,
however cheaply they are made ?
Sometimes, “job outsourcing” discussions almost sound like job outsourcing is taught as a requirement in management school.
Outsourcing anything (which always eventually means jobs) to China is just a response to high costs here. Wages can be a source of high costs, but often the big cost drivers are regulation and energy. We have the ability to address both those cost drivers: we could slash business-killing regulations and we could unleash our energy industry to drive down the cost of energy and assure plentiful supplies for the future.
Doing business in China is hard, the logistics can be daunting, financial transactions can imperil cash flow with long payment terms. Give American businesses the opportunity to come back to America and they will.
I see that Capt. Deacon has already responded to this:
RE: “The short-term goal of minimizing the wage component
as an input to the ultimate cost must have worked wonders for the
careers of clever managers. However, when these short-term
goals turned into long-term business practices, the question
naturally arises : “If millions of American workers have been
herded into unemployment or under-employment, how can they
lead the consumer-driven charge which will power the economy ?â€
If Americans don’t have jobs – or even feel that their jobs will
soon be outsourced – why should they further jeopardize their
financial security by buying Chinese-made consumer goods,
however cheaply they are made ?”
I’m afraid that Americans are just fine with buying Chinese-made consumer goods — particularly *for* cheap things they mean to dispose of anyway.
And the people who make the decision to outsource jobs — far higher than the manager level — are perfectly aware that this is a long-term business practice, in keeping with the long-term practices of the Federal government which have larded up the costs of wages with massive quantities of regulations that further drive up the costs. It is quite shocking how much the central planning of the State has driven up the cost of hiring in this country — and driven others to scavenge for cheaper labor elsewhere. That doesn’t even delve into another big issue for American companies, which is finding skilled labor in light of the fact that approaching 1/3 of our people are functionally illiterate, much less skilled. I’ve been assisting one company with their hiring search [no *new* job, mind you, for this search, simply a replacement job] and I have worked my way through some 200 resumes/profiles and another hundred or so other people — all for four ultimate interviews. There’s just no there there in some of these positions. Of course, the time and energy and money it takes to conduct these searches is colossal too and often companies just say “find it elsewhere” and move on.
8. Good idea……if only the liberals in government were relieved of theior jobs and assigned to it! Make ’em actually WORK for a living at starvation wages like my Dad had to do!
#6–I was channel surfing this morning and ran across two lib women on CNN who were talking about their revelation that the taxes on employment (SS, Unemployment, Medicare etc.) are more than all the taxes combined on Chinese produced products. Until we stop making business the whipping boy and start a sound tax policy that will bring jobs back here, we are in a hopeless situation. At least the libs are finally starting to have an inkiling of catching on. If you haven’t already, read Maurene Dowd’s column form yesterday. Even she’s had it with the One.
Capt–I don’t know if you read the whole thing, but if not, please do. She is still a liberal and has top take a shot at Bush and Repub’s, but she is chastizing O’man for coming down from the mountain like Moses, making a speech, going back up the mountain and then expecting everything will be OK and we will all do what he said. I agree with everything you say, but when you are a socialist and you lose Dowd, you are losing a lot. Also the Wash. Post said on Friday, this speech is his last chance. He could do a lot to save the economy, but what needs to be done is not in his DNA. And George Soros is making too much money shorting stocks to let Barry do anything.
DK, after Para #2 I skimmed quickly. I agree, he is losing the staunch believers. But the staunch believers are not leaving the religion of liberalism……….they just gotta do the heavy lifting to find another Messiah………Good comment about Soros. Don’t you know pragmatic George had to know what was going to happen to the American economy and the dollar once Barry went to work. George must feel like he’s shooting fish in a barrel making those billions.
It’s a holiday for me and I am already into the third cup of coffee……and Tropical Storm Lee has had us virtually house-bound for 4 days………..
Very interesting. Previous recessions returned to the 0.0% line much
more quickly than the recession of 2007, which is still nowhere near
the 0.0% job loss line. But wait ! Didn’t the federal government state
unequivocally that the recession ended in 2009 ? It seems as though
the government declared victory, as was done in Viet Nam.
The jobs line follows a typical trajectory … up until February 2009, whence it has remained in the hiring doldrums.
#1
and in Iraq – “Mission Accomplished”
My associative-thought-guided-instincts tell me that the difference between the 2001 trend line and the 2007 trend line reflects the cumulative impact of American jobs ‘going over seas’ during the last 20 years.
#3,
Yes. In the interest of fairness and balance, whatever that
means.
#4,
I agree. The short-term goal of minimizing the wage component
as an input to the ultimate cost must have worked wonders for the
careers of clever managers. However, when these short-term
goals turned into long-term business practices, the question
naturally arises : “If millions of American workers have been
herded into unemployment or under-employment, how can they
lead the consumer-driven charge which will power the economy ?”
If Americans don’t have jobs – or even feel that their jobs will
soon be outsourced – why should they further jeopardize their
financial security by buying Chinese-made consumer goods,
however cheaply they are made ?
Sometimes, “job outsourcing” discussions almost sound like job outsourcing is taught as a requirement in management school.
Outsourcing anything (which always eventually means jobs) to China is just a response to high costs here. Wages can be a source of high costs, but often the big cost drivers are regulation and energy. We have the ability to address both those cost drivers: we could slash business-killing regulations and we could unleash our energy industry to drive down the cost of energy and assure plentiful supplies for the future.
Doing business in China is hard, the logistics can be daunting, financial transactions can imperil cash flow with long payment terms. Give American businesses the opportunity to come back to America and they will.
I see that Capt. Deacon has already responded to this:
RE: “The short-term goal of minimizing the wage component
as an input to the ultimate cost must have worked wonders for the
careers of clever managers. However, when these short-term
goals turned into long-term business practices, the question
naturally arises : “If millions of American workers have been
herded into unemployment or under-employment, how can they
lead the consumer-driven charge which will power the economy ?â€
If Americans don’t have jobs – or even feel that their jobs will
soon be outsourced – why should they further jeopardize their
financial security by buying Chinese-made consumer goods,
however cheaply they are made ?”
I’m afraid that Americans are just fine with buying Chinese-made consumer goods — particularly *for* cheap things they mean to dispose of anyway.
And the people who make the decision to outsource jobs — far higher than the manager level — are perfectly aware that this is a long-term business practice, in keeping with the long-term practices of the Federal government which have larded up the costs of wages with massive quantities of regulations that further drive up the costs. It is quite shocking how much the central planning of the State has driven up the cost of hiring in this country — and driven others to scavenge for cheaper labor elsewhere. That doesn’t even delve into another big issue for American companies, which is finding skilled labor in light of the fact that approaching 1/3 of our people are functionally illiterate, much less skilled. I’ve been assisting one company with their hiring search [no *new* job, mind you, for this search, simply a replacement job] and I have worked my way through some 200 resumes/profiles and another hundred or so other people — all for four ultimate interviews. There’s just no there there in some of these positions. Of course, the time and energy and money it takes to conduct these searches is colossal too and often companies just say “find it elsewhere” and move on.
Big spending Democratic president tried to “soften” the blow with piles of government cash which only resulted in far more prolonged pain.
Sound familiar? The liberals are even calling for a revived CCC.
8. Good idea……if only the liberals in government were relieved of theior jobs and assigned to it! Make ’em actually WORK for a living at starvation wages like my Dad had to do!
#6–I was channel surfing this morning and ran across two lib women on CNN who were talking about their revelation that the taxes on employment (SS, Unemployment, Medicare etc.) are more than all the taxes combined on Chinese produced products. Until we stop making business the whipping boy and start a sound tax policy that will bring jobs back here, we are in a hopeless situation. At least the libs are finally starting to have an inkiling of catching on. If you haven’t already, read Maurene Dowd’s column form yesterday. Even she’s had it with the One.
[i]read Maurene Dowd’s column form yesterday. Even she’s had it with the One[/i]
Didn’t even have to go past Para #2, [i]”blocked at every turn by Republicans determined to slice him up at any cost”[/i]
[i] Edited by elf. [/i]
Capt–I don’t know if you read the whole thing, but if not, please do. She is still a liberal and has top take a shot at Bush and Repub’s, but she is chastizing O’man for coming down from the mountain like Moses, making a speech, going back up the mountain and then expecting everything will be OK and we will all do what he said. I agree with everything you say, but when you are a socialist and you lose Dowd, you are losing a lot. Also the Wash. Post said on Friday, this speech is his last chance. He could do a lot to save the economy, but what needs to be done is not in his DNA. And George Soros is making too much money shorting stocks to let Barry do anything.
DK, after Para #2 I skimmed quickly. I agree, he is losing the staunch believers. But the staunch believers are not leaving the religion of liberalism……….they just gotta do the heavy lifting to find another Messiah………Good comment about Soros. Don’t you know pragmatic George had to know what was going to happen to the American economy and the dollar once Barry went to work. George must feel like he’s shooting fish in a barrel making those billions.
It’s a holiday for me and I am already into the third cup of coffee……and Tropical Storm Lee has had us virtually house-bound for 4 days………..