Thread: This sucks.....and scary
03-09-2005, 10:24 PM #1
This sucks.....and scary
VDARE.COM - http://www.vdare.com/roberts/050308_jobs.htm
March 08, 2005
More Bad News On The Jobs Front
By Paul Craig Roberts
The February payroll jobs figures released last Friday by the Bureau of Labor Statistics show a continuation of America’s descent into a Third World service economy.
The Bush administration cheered the creation of 229,000 private sector jobs (which still leaves Bush with a net private sector job loss during his reign). However, once we look at the details, the joy vanishes: 174,000 of the jobs, or 76% of the total, are in nontradable services.
Administrative and waste services (largely temporary help and employment services) account for 61,000 or 35% of the new service jobs. The remainder are accounted for by construction (30,000), retail trade (30,000), healthcare and social assistance (27,000), and waitresses and bartenders (27,000).
The US has apparently lost the ability to create high productivity, high value-added jobs in tradable goods and services. The ladders of upward mobility are being dismantled by offshore production for home markets and outsourcing of knowledge jobs.
The BLS reports that the number of employed US technical workers has fallen by 221,000 in six major computer and engineering job classifications during 2000-2004. The largest drops were suffered by computer programmers, followed by electrical and electronics engineers, computer scientists and systems analysts.
So much for the new economy that economists promised would take the place of the lost manufacturing economy.
America’s remaining job market is domestic nontradable services. While India and China develop First World job markets, the US labor market takes on the characteristics of a Third World work force. Only jobs that cannot be outsourced are growing.
The Bush economy has seen a loss of 2.8 million manufacturing jobs, a rise in the unemployment rate of 1.2 percentage points, and a stagnation in real weekly earnings.
How bad will things have to get before economists realize that outsourced jobs are not being replaced? Indeed, many American companies are ceasing to have any presence in the US except for a sales force.
Cisco’s CEO, John Chambers, declared recently: “What we’re trying to do is outline an entire strategy of becoming a Chinese company.”
Cisco is establishing a new R&D center in Shanghai. The US corporation manufactures $5 billion of products in China where it employs 10,000 people.
That is just one company, and there are many doing the same thing.
The result is abandonment of the American work force by American corporations. Little wonder the Bush administration is the first administration in 70 years to have a net loss of private sector jobs.
If one US company or a few move offshore, their profits improve and consumer prices are lower. However, when work in general moves offshore, Americans lose the incomes associated with the production of the goods they consume. Domestic production is turned into imports, with the result that America draws down its accumulated wealth in order to pay for the imports on which it is dependent.
The dollar’s value and status as reserve currency cannot forever stand the trade and budget deficits that are now part and parcel of America’s economic policy.
Unless there are major changes soon, America’s economic future is a Third World work force with a banana democracy’s worthless currency.
Paul Craig Roberts, a former Reagan Administration official, is the author of The Supply-Side Revolution and, with Lawrence M. Stratton, of The Tyranny of Good Intentions : How Prosecutors and Bureaucrats Are Trampling the Constitution in the Name of Justice. Click here for Peter Brimelow’s Forbes Magazine interview with Roberts about the recent epidemic of prosecutorial misconduct.
03-09-2005, 10:28 PM #2
Well I can tell you for a FACT that the job market is hot as he11 right now in So. Cal. so you can believe all of the propaganda you want.
Stimulate the dam economy you bitch so much about and go to strip bar and throw some money around lefty!!!
03-09-2005, 10:30 PM #3
Mondo......what you doin' at the keyboard when you could be gettin sum??
03-09-2005, 10:31 PM #4
I told you, last night was my night for the month...........LOL
We need to get a life.
03-09-2005, 10:45 PM #5
Right on bro......hey......I'm gone.......see ya tomorrow......hehehe......gonna go try and get my once-a-year.
03-09-2005, 11:48 PM #6
I'm 2 fer 2!!!!!! I still got it!!!!!!!!!!!!!!!!!!!!1
03-10-2005, 07:46 AM #7Member
Originally Posted by MrMondodondo
- Join Date
- Jan 2005
Not looking good at all in upstate NY .
03-10-2005, 09:30 AM #8Originally Posted by MrMondodondo
dude just b/c you have jobs in so cal doesnt mean a go**** thing. here in n.c its pretty **** bad. my parents and myself could only find jobs that were more than 25miles from home. thats pretty bad considering i live in the triad area.. so be thankful your area is hot b/c it could go cold in a flash.
03-10-2005, 09:32 AM #9
I disagree Mondo.............. the economy is in the crapper.
03-10-2005, 10:07 AM #10Originally Posted by 1victor
03-10-2005, 10:49 AM #11
How do you figure the economy is in the crapper???? The areas like upstate New York have fallen out of favor. Utah, Arizona, Nevada are all on fire. Some of the areas of the deep south are doing well also. Manufacturing indicators are up, new housing starts are up. Service industry indicators are up. Remember employment is my field. The number one problem that comapnies are having is finding people that will actually work. The lazyness of the working force is pathetic. More and more people want more money for less work, you figure it out. I'm, sorry if your area is depressed, but you might want to move to an area that is growing.
03-10-2005, 11:18 AM #12Originally Posted by MrMondodondo
03-10-2005, 11:23 AM #13
Hung you royal prick I hate you man! Mondo I sell nationwide my friend this is a national problem
03-10-2005, 11:26 AM #14
What do you sell you stud you!!!!!!!
You look good in a Thong huh????
03-10-2005, 11:54 AM #15
YESSSSSSSSSS my leopard one! lol I sell steel my man!
03-10-2005, 12:26 PM #16Originally Posted by 1victor
Steel.......do you know Dave Schuff?? Schuff steel??
Or Steve Terrell??
03-10-2005, 12:27 PM #17
I heard there was some OUTRAGEOUS increase in the price of Iron ore......has it affected you yet bro??
03-10-2005, 12:36 PM #18
Of course it has. Also steel produced overseas right now is kicking domestic azz, isn't that right vic. Can anyone say "unions".
03-10-2005, 12:38 PM #19
Yes it has been for over a year, no i don't know Schuff.
03-10-2005, 12:50 PM #20
He built Bronco Stadium......Bank One Ballpark......is building the new Cardinal Stadium......started his business building steel furniture in the garage.
03-10-2005, 12:53 PM #21Originally Posted by MrMondodondo
03-10-2005, 12:54 PM #22
Sounds like a good guy to know
03-10-2005, 01:12 PM #23
I agree. They served their purpose. But at some point they are making it hard to compete in the Global Communities. Sad but VERY TRUE.
03-10-2005, 01:19 PM #24
We don't want to compete with the global market, our standard of living will get to their level
03-10-2005, 01:32 PM #25
Yeah, that's true. Who wants 4 weeks vacation a year? Who wants a better work schedule??? Who wants to be taxed less than 50%? We would rather lose buisiness and work inefficiently instead of improving efficiencies and competing aggresively.
Yeah! I'd rather work(don't mention the A-R time) 50-60 hours a week with my 2 weeks vacation if I'm lucky. Woo Hoo.....
03-10-2005, 03:00 PM #26Originally Posted by 1victor
unless of course there is a world war which eliminates alot of population and eliminates the weak.....which drag on the vitality of a nation
03-10-2005, 03:07 PM #27
I agree Badger, I think we are going to see our economy go by the wayside like Russias, it will have to implode to deflate the dollar, everyones standard of living will suffer.
03-10-2005, 03:15 PM #28Originally Posted by 1victor
03-10-2005, 03:21 PM #29
You guys are so doom and gloom. I see opportunity. People will need money, yes?
So it is the time to get into the Loan Sharking business. People will need to put the house up for collateral, they will not be able to adjust their spending(which is a great casue of the consumer debt), hence they will not be able to pay. Then as the holder we move in grab the real estate rent it back to them reasonably while they still pay interest on the original debt. You see lemons, I see lemonade!!!!
03-10-2005, 03:27 PM #30Originally Posted by MrMondodondo
03-10-2005, 03:34 PM #31
OK. I was obviously kidding????
Fact of the matter is that the weaknesses always will be there and the goal is how to protect MY children from ending up the loan shark customer. You can think globally but can only act locally. So how do you fix the financial situation with your family and yourself....
Now isn't this going to be a fairly interesting discussion????
03-10-2005, 03:38 PM #32
I will just become come an arch criminal, I don't care.
03-10-2005, 03:42 PM #33
That's the spirit!!!!
I mean really, who is profiting in Russia???? The mafia. Sad buit true. I can set you guys up with a sharking operation in no time. Very profitable.............
03-10-2005, 03:47 PM #34Originally Posted by MrMondodondo
Hey......I thought you were serious......after all you are a Jewish mofo
Seriously though.....if we can just teach our kids not to squander their
money away on depreciable assets.......I mean expensive cars have got to be one of the biggest wastes of money there is.....
03-10-2005, 03:51 PM #35
During the depression and prohibition many people made money, they had short life spans but.......
03-10-2005, 03:54 PM #36Originally Posted by MrMondodondo
That's my problem.......I need to learn how to live with boredom.....it's hard
03-10-2005, 03:57 PM #37
Well if your back is in a corner you would be suprised what (we all would) what you would do to take care of your family.
03-10-2005, 04:00 PM #38
Well both of you hit it head on.
#1. We need to learn how to save again and not have our self-esteem determined by our possesions. Most spend more than they make to keep up with the TV and magazines.
#2. I have lived on the dark side previosly for a good portion of my late teens and 20's. It was easier and more profitable. Sometimes I think I'm a fool for going legit. The boredom of everyday life sucks. Why do you think we are on this crap so much???? We are coming to a point where the strong will survive and the weak won't make it. Or we could just whore ourselves out to old rich ladies............
03-10-2005, 04:01 PM #39
OR vic in your case OLD LADIES OR OLD MEN!!!!
03-10-2005, 04:06 PM #40Originally Posted by MrMondodondo
I guess whatever it take to make a livin.......ick
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