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Sorry, Jobs Are Not Coming Back
This is from Stone Street Advisors
Unless we, as a Country, decide to "go Luddite."
Contrary to claims by Unions and other pro-labor groups, "offshoring"
is not the obvious and primary cause of job loss in the U.S;
productivity improvements and shifting business dynamics are (among
other things). This chart, from the Atlanta Fed proves the Unions/labor wrong, rather conclusively:
In
the 10-year period from 1998-2008, we saw 1.9 million manufacturing job
"losses" domestically, while only 242,800 such jobs were "created"
abroad by U.S. multinational firms (i.e. this ignores multinational
firms based in other countries). Many groups - and let's be honest, all
of us at one point or another - have blamed services companies for
off-shoring the majority of their customer service and
administrative/operations, but again, the above chart shows this is
largely a myth. Of 335,000 jobs "lost" in financial institutions (many
of them operations/administration/service jobs), only 13,400 were
"created" in other countries.
Some skeptics may look at the "Other
Industries" line and question why only 234,200 jobs were "created" in
the U.S. while over 1.6 million were "created" abroad. Unfortunately
for such skeptics, this is easily explained (emphasis mine):
Sixty-nine
percent of the foreign employment growth by U.S. multinationals from
1999 to 2008 was in the "other industries" category, and 87 percent of
that growth was in three types of industries: retail trade;
administration, support, and waste management; and accommodation of food
services. Some fraction of these jobs, no doubt, reflect "offshoring"
in the usual sense. But it is also true that these are types of
industries that are more likely than many others to represent production
for local (or domestic) demand as opposed to production for export to
the United States.We certainly don't present this
information as a definitive answer to the question about the role of
offshoring in the slow U.S. jobs recovery. But if you forced us
to choose between global or domestic factors as the place to look for
solutions as we struggle with persistent underperformance in U.S. labor
markets, we'd choose the latter.
In other
words, all the American companies that've expanded into Asia and South
America have hired ALOT of local workers, they have not, at least not
anywhere close to the degree alleged by labor groups, took our jobs...
- advertisements -
Huh?
They gave us jobs by offshoring production and service?
Um...would these be $7.50 an hour jobs with no health insurance or other benefits?
Would these be $50,000 a year "management" jobs with stock options jobs that repalce 20 people making $35,000 a year producing a product stateside?
Sorry, dont see this as reality.
Automation is what is destroying the size of the work force. Anyone with 2 eyes can see that.
Somebody explain to me how unions are the problem here? We went from what, 35% union membership to 12% in the past 30 years, right?
If unions are so bad, how come Germany kicks our ass in exports?
Look at the bright side, one day all those Big Corp plants in China will be nationalized and given to PRC VIPs.
Yes, correct, me thinks.
I grew up in England in the 1960's
We had no coal/gas/electric because unions went on strike.
If the unionistas just shut down and demanded terms
from the banksta gangsters, they would feel it very quick.
Stop Kow Towing if you arer not a shill.
Unions are disgusting.
It is all commie bullshit.
We went cold back then,because the coalman did not come on his horse and cart and load the coal into the big box we called th coal bunker,
The peasant life i guess,
My point being this, The working man union guy was always the guy that effed up the life of the non union guy because it was convenient for him.
How dare these people rub up against the dancing market bitch.
Measure my ancient anger if you can, the more I learn, the more i become disgusted at my species..
A universe of punks and thaives who produce nothing but calamity and a percentge for themselves, what kind of creature is this? Human, Me thinks not.
I will not disagree with your observation. Remember longer term reality's. Not all roll that way.
The Atlanta Fed is 100% disingenious by design.
Tata is not a US based multinational, however it has acquired through subcontracting 119,000 (at a minimum) management systems, customer service and IT support jobs from US Multinationals.
The Atlanta Fed does not report this by design through GOAL SEEKING BIAS.
And this guest contributor Stone whatever didn't look in to these stats at all, i.e. is blowing smoke up the arses of ZH readers.
Same for Infosys, IBM(through foreign subsidiaries), Wipro, GenPact, etc.
Even that shit for brains Henry Ford finally realized that if he paid his workers a living wage he would have more customers. The workers stayed inspite of Fords' NAZI style expermints on workers families and the use of government police to assualt and some times murder labor activist. Just like the modern China some of you long for.
Well, the good news is, that whole labor-arbitrage sweet-spot for the "US multinationals" is over.
The guys making $1/hr in Vietnam don't have the money to buy the crap, and the US citizens who no longer have cushy overpaid union wages to build the crap can't afford to buy it either.
The past 30 bull years were good for the guys on top. Now we get 30 years of bear years. There's just not enough wealth left among the US locals to make for a profitable future for the businesses that didn't need them.
De-industrialization is the NWO Globalist’s intentional neutron bomb unleashed against North America’s economic independence.
http://www.youtube.com/watch?v=dWHdttx5UFI
http://www.infowars.com/the-collapse-of-detroit-ground-zero-for-the-glob...
A key agent of the Rockefeller family, Dr. Richard Day, the National Medical Director of the Rockefeller-sponsored Planned Parenthood, told a meeting in March 1969 that American industry will be sabotaged and shown to be uncompetitive. He said:
“The stated plan was that different parts of the world would be assigned different roles of industry and commerce in a unified global system. The continued preeminence of the United States and the relative independence and self-sufficiency of the United States would have to be changed… in order to create a new structure, you first have to tear down the old, and American industry was one example of that.”
“Each part of the world will have a specialty and thus become inter-dependent, he said. The US will remain a center for agriculture, high tech, communications, and education but heavy industry would be “transported out.”
This is Agenda 21 in action—the agenda for the 21st Century as set by the globalists who run the United Nations and other key international mechanisms.
http://arnpriornews.wordpress.com/2011/03/17/un-agenda-21-smart-meters-r...
The Godfather of the transfer of all this capacity: Maurice Strong, UN kingpin.
From Fox News (of all places!):
http://www.foxnews.com/story/0,2933,250789,00.html
"China is a special place for Strong, a self-declared, life-long socialist. It is the burial place of a woman said to be one of his relatives, the famous pro-communist American journalist Anna Louise Strong, a vociferous supporter of Lenin and Stalin until the mid-‘30s, and a strong booster of Mao Zedong’s China. Maurice Strong’s presence in Beijing, however, raises awkward questions: For one thing, China, while one of the world’s biggest producers of industrial pollution, has been profiting from the trading of carbon emissions credits – thanks to heavily politicized U.N.-backed environmental deals engineered by Strong in the 1990s.
Strong has refused to answer questions from FOX News about the nature of his business in China, though he has been linked in press reports to planned attempts to market Chinese-made automobiles in North America, and a spokesman for the U.S.-based firm that had invited him to speak in San Francisco, Cleantech Venture Network, says he has recently been “instrumental” in helping them set up a joint venture in Beijing. Strong’s assistant in Beijing did confirm by e-mail that he has an office in a Chinese government-hosted diplomatic compound, thanks to “many continuing relationships arising from his career including 40 years of active relationships in China.”
And from China, Strong has to this day maintained a network of personal and official connections within the U.N. system that he has long used to spin his own vast web of non-governmental organizations, business associates and ties to global glitterati. Within that web, Strong has developed a distinctive pattern over the years of helping to set up taxpayer-funded public bureaucracies, both outside and within the U.N., which he then taps for funding and contacts when he moves on to other projects."
This article is total Bullshit. I know for a fact that American Corporations are laying off and outsourcing as fast as they can. I personally heard the CIO of a fortune 50 (fifty) company say he would not be satisified until a minimum 75% of all IT work was offshored. To stay competitive, they all say.
...and the US would be satisified if 100% of his kind was gone.
not to cherry-pick and critique, but I simply do not believe the 242,000 off-shore jobs created. I suspect they have numerous foreign "arms/affiliates" of their companies that do the hiring and labor "management." 1/4MM just does not pass the smell test.
That came up in my mind, too. Additionally, it ignores the fact that there is no reason that a thing made in China cannot be made more efficiently here - I'll bet for an equal or less price, but certainly at a much higher quality (and would you pay $10 for an item which will last 1 year or $15 for the same thing which will last 5 years?). We can get all our jobs back - and then some; all we need to is stop discouraging the making, mining and growing of things in the United States
A total crock of shit. The WalMarts, Home Depots, American Standards, Apples, and other multi-nationals do a large part of their purchasing and manufacturing in China and elsewhere through subcontractors such as FoxConn. FoxConn allone has 500,000 employees. The Author of this piece of tripe must work for a multinational. Not a speck of it represents reality.
Then make the amount of subcontracting multiply liability. The more layers they use, the more pain they feel, the more benefits they have to pay out, the more liability they gain, and none of it can be passed on.
Sort of an off topic but relevant. Debt default will never happen as all the U.S. corporate foreign assets would be nationalized. Belly up for most of the multinationals and a definite hardship for the gubbermint, as a little less taxable revenue would evaporate with equities collapsing.
I'd disagree with the guy, as he seems to think it is a "forgone conclusion". Offshoring is just an attempt to fix a problem that doesn't exist.
It would take a change in policy, and actual enforcement of existing law, to prove this guy wrong. Our nation got along without offshoring quite well.
Not necessarily. If one holds the hyperinflation senario to be the likely endgame of endless monetization, then to get there wages need to rise (nearly) proportionately. Debasing the dollar through endless printing gets the government money to spend to prop up GDP. In doing so, it creates the mechanism for wage-goods inflation spiral by creating, then solving the question of how to get money into peoples' hands to keep up with rising prices.
If one believes that hyperinflation ultimately leads to/is designed for wealth accumulating at the top as wealth is stripped from the bottom, then the government/Fed will not see such a spiral as a problem as long as revenues improve and there's some mechanism by which j6p can get money in his hands to keep up his spending.
One mechanism could be the national minimum wage is either augmented or replaced entirely with a living wage that will be made up partially with the employer's money (to the extent the market can support) and the remainder with government subsidy. That would return jobs not profitable today back to the USA (which would be every concievable occupation not prohibitively hazardous), and in so doing the government has created an avenue to pump money directly into the hands of "consumers" while increasing employment along with the overall productivity of the economy.
History will point to failure of that model. national minimum wage
I would recomend thesis 4 for simplification of your point.
http://mises.org/books/toohey.pdf
Shortcut is here.
Milton Friedman openly argued that minimum-wage laws are racist in effect if not intent; in the early 1960s, he pointed out that, as a result of higher minimum wages, black teenage unemployment was much higher than it would otherwise be. Denied the opportunity to earn incomes and to acquire valuable skills, those adversely affected by the minimum wage were not allowed to share in the general prosperity that a market economy produces. Empirical evidence reported by economists David Neumark and William Wascher suggests that among the long-run effects of minimum wages are lower degrees of educational attainment, less on-the-job training, and lower lifetime earnings.
Reality is in order that justice may be retained in government it is of the highest importance that those who rule States should understand that political power was not created for the advantage of any private individual.
I'm not talking about a living wage that's just a higher minimum wage. At all. An example of what I'm suggesting is that the minimum wage is replaced by a prevailing wage scale that is much lower than the current minimum wage, in line with the actual market value of the work in relation to the product or service offered, to encourage creation of jobs that do not exist to day below minumum wage. Government largesse then makes up the rest of the worker's compensation, but only of you have that job.
For instance, a company opens a shoe manufacturing plant in South Carolina but can only afford to pay $4.85 an hour. The government determines that a living wage is closer to $12 an hour. Government, in order to increase purchasing power as well as increase employment as a matter of policy, pays the employees the $7.15/hr difference. As the monetization required to pay that money leads to further debasement, prices go up, and the government's share increases so things remain affordable while the Fed inflates. I'm not saying it's a great plan, but if one wanted to stoke the ol' inflationary feedback loop then that's the most direct route, and would actually result in an increased production (for a while) through the repatriation of a couple million jobs, as opposed to the collapse in production usually associated with hyperinflation.
Government goes ever more in debt to extend unemployment benifits, food stamps, medical coverage, and general stimulus; all so that not-too-scary GDP numbers print. It is logical, to me, that as a next step towards achieving true inflation, such that debt is (allegedly) inflated away (and given continued credit expansion is pushing on a string), government will inject cash directly to the worker's hands in order to increase wages to stave off deflation.
Can we PLEASE get off the minimum wage law argument? The issue is not minimum wage or for that matter a living wage. The issue is a competitive wage environment between labor and the corporation. (I am not talking about small business here that is just starting out. I am talking about the largest 5000 employers in this country.)
With the exception of a few occupations or trades, at present we do not have (not even close,) an environment where the average worker has any leverage in negotiating the employment contract with an employer. Most employers have compensation and benefits departments who research with other companies and set wage levels within their industries. This has always been so. The only exception has been collective bargaining.
At a political level, open borders, H1bs and other Visa programs have flooded the market with foreign workers. The American worker is forced to compete within his own country for these jobs (at reduced wage levels,) as well as with multinational corporations that have offshored much work. If the race is indeed a race to the bottom on wages, then our country is truly lost.
Why are we unable to see this?
Because they will not is the simple answer. What is tolerated from Governments? Capital is a subset of many facets and out the scope of discussion here. This topical issue was addessed before but the successful firms today still must satisfy the consumer in order to remain in business, but they also must satisfy the political class as well since to do either can spell doom for the naive firm. And they are not naive as we already know.
In 1932, with international trade in collapse, Franklin Roosevelt denounced Smoot-Hawley as ruinous. Hoover responded that Roosevelt would have Americans compete with "peasant and sweated labor" abroad. Then, as now, protectionism had a strong if superficial political appeal: by election eve, F.D.R. had backed down, assuring voters that he understood the need for tariffs. Protectionist politicking, however, could not save the Republicans in 1932. Smoot and Hawley joined Hoover in defeat. The Democrats dismantled the G.O.P.'s legislative handiwork with caution, using reciprocal trade agreements rather than across-the-board tariff reductions. The Smoot-Hawley approach was discredited. Sam Rayburn, House Democratic Speaker from 1940 until 1961, insisted that any party member who wanted to serve on the Ways and Means Committee had to support reciprocity, not protectionism.
The rest is sematics to leveraged ignorances in market play.
Why are we unable to see this? I was under the impression from a few ZH comments the trade war is over. The Baker and the Tailor go to war so who wins. We lost but I will not agree to that certitude. The Office now needs to not worry about the election cycle since its deeper than that now.
"the successful firms today still must satisfy the consumer in order to remain in business, but they also must satisfy the political class as well"
Let's first agree that "the successful firm" is big, employs many people, makes big profits, earns its shareholders/investors money, etc.
Let's secondly agree that the political class is small, but very powerful, makes the decisions about big money allocation and laws and regulations, and is accountable to almost no other entity.
The political class is parasitical, in that it extracts more from the citizenry than it contributes, much of it wasted on theft and fraud.
But the business class is also parasitical, in that it extracts more than it contributes. Products only become cheaper to own because they are cheaper to make. They are expendable and are made to be expendable, in order to increase the odds of the consumer re-purchasing. Labor has become a "cost" rather than as "asset" so they must make their crap cheaper by cutting labor "costs" rather than investing in "assets". So we get crap products that don't really work or last made by poorly paid people and sold for prices that are fast approaching unaffordable due to inflation and capitalist profit-seeking.
The consumer has almost become inured to the fact that cars used to be built to run for 60 years and now break down after 5 or 6. They accept the fact that the brand new toy just purchased at Toys 'R Us is missing a piece or breaks after being used twice. They live with the fact that customer service now means you will talk to a human being on the other end of a phone who won't be willing to back their company or product or service and will expect you to do the legwork to get your problem fixed yourself.
Now you have a weary consumer. One whose job doesn't pay well enough to enable them to buy more expendable crap products, and one who is increasingly unwilling to customer service themselves when they do.
If 1% of the population holds and controls the wealth, is that 1% of the population going to remain wealthy enough to support those "successful" businesses when the citizen consumer can't, and will that 1% buy the cheap expendable crap currently being produced? And will that 1% be willing to support the parasitical political class when the citizen consumer goes broke and no longer can?
More importantly, what will that 1% do when they realize they ARE the "successful" business class and the parasitical political class?
Have you ever seen a snake eat its own tail? Our elites are non-renewable Ouroboros, they just don't understand that fact yet, because they haven't finished consuming the consumer.
+infinity for hitting it right on the head.
i am a manufacturer. i have a large order backlog. that continues to grow. over the last 10-12 months, we have hired lots of yankees for hourly, manufacturing jobs.
astonishingly horrible attendance habits. some try to tell me that the offshoring of jobs is some kind of conspiracy. perhaps, at some level, major u.s. corps have done that. but perhaps they just tired of seeing what i am seeing: a lazy and ignorant work force.
Your copy-paste story has been told too many times before.
Offshoring represents a laziness by the manufacturer to actually deal with the people here. They would rather commit fraud or outright lie to people about offshoring, than to be an honest and profitable company in the US that directly hires legal US citizens for the long term.
Do not be surprised if the US reverses its downward course by making it possible to work for a living without desperation.
That's because there's no real fear of starvation or of dying outside an emergency room for lack of ability to pay for care. I have long heard stories from building contractors of members of the general construction workforce (as opposed to those having specific skills like a pipe fitter or mason) who will work just as long as it takes to get unemployment benifits then get themselves fired. Work the system for all it's got.
Junk away if you must, but you weren't there on a job with me when the superintendent said that, among a dozen general labor positions over a two-year construction period, 72 people had been hired for just those dozen jobs!!! Most rotated in and out like clockwork. He said the problem was workers making enough money for the drugs they were addicted to then getting fired for lousy work only to collect unemployment. The continuous need to hire and poor workmanship from those on their way out of their prevailing-wage jobs cost the contractor tens of thousands of dollars in the long run.
Our system incentivizes quitting and irresponsibility, which leads directly and indirectly to first the invasion and then acceptance of illegal immigrants so work gets done, like it or not.
EXACTLY RIGHT!!!!!!!!!!!!!
Shit Street Admonishers are wheeled out by the establishment like Steve Liesman is on CNBC ....you can even hear the wheels on the trolley squeek as SSA's articles get posted ...strange because being covered in snake oil you'd think there'd be enough grease for the bearings instead of just the obvious greasing of palms
Rent-a-Crone? Snake Street Adders will write up any BS you want and even suck your **** if the price is right
I work in the oil industry. Want to find a good welder? Can't. How 'bout a pipe fitter - nadda. Machinist? Nope. Finding solid qualified Craftsmen to keep what machinery we have left running is an ongoing battle here in the States. Next stop, we'll HAVE to use foreign workers who know their craft AND will show up to work sober and on time. Current batch of burgerflipper "craftsmen" suck in almost every aspect ... couldn't put in a decent day's work to save their life, all they want is the pay check at the end. Sorry, but I have to live with it day in, day out...
Add to that the endless lawsuits, regulations, medical / benefits - well screw it, I'll take my marbles and go somewhere else and ship endproduct back to what's left of the States - at least until the rest of the world catches up and leaves us behind in a smoking pile of $@#@.
I tend to agree with you, newbee. As an employer, it was difficult to find people who wanted to or would do the actual work involved. Most of them thought they should be in the corner office, making all the decisions and all the money, instead of where they were, surfing the 'net, not doing their assigned tasks.
We've raised a generation of whiny babies, all aspiring to be billionaire investment bankers who golf each afternoon, without the bother of formal training or having the necessary skills or possessing the intellect and knowledge.
Americans seem to feel entitled to a free ride - but why?
I attribute it to the poor leadership (fraudulent predatory criminal organization) currently occupying our highest levels of society, and especially our courts. Our youth now fully understand that the Emperors wear no clothes - and yet the Emperors remain the Emperors, naked though they be. This entitlement attitude seems to run rampant on nearly every side of the aisle, does it not? And you will reap what you sow, it is the nature of power.
Criminals beget criminals.
There are many constructive comments that I could make to you, but given the time of day and limited bandwidth in the forum - I wont say much.
You must be one of the least experienced people in your industry if you do not know where to go to find qualified people to work for you, OR you treat people like dirt and they don't stay with you for long. Most American workers do take pride in their work, but they do not work as slaves.
I understand your thoughts NWO and why you'd say what you're saying. Yep, there are plenty of assholes in my business. I can honestly say I'm not one of 'em. There are lots of great hard working Americans too. But..... we have a problem, and it's big.
It's not just some bottom feeding Capitalist hell bent on making a buck who's taking jobs overseas. Our basic culture is in disrepair. We no longer value integrity, morals, earn your way, stand on your own two feet type additude. It's all about how to get rich quick and easy. This won't work long term.
My wife is Chinese. Her parents made about $10-12 a month while she grew up with both parent working. School started early and ended late - like 10pm or so, six days a week. She earned the right to attend college, received a masters in English, worked at the US embassy in Beijing as a translater, was given the opportunity to get an MBA at Northwestern and went on to be a successful Consultant for Booz-Allen. There are stories similar to this for the States I guess, I just haven't heard them. This is what we're competing with, like it or not ...
We have a very significant portion of our population which simply can't compete. They just don't have the will in them. So they look for any means they can to feed off someone else. This weakness does not, and never has, made me inexperienced or treating folks like dirt. Yes, you can find qualified workers in my field. They usually have a bald head or white hair - or they high grade with the right organization which values them enough to keep them. But the talet pool is definitely shrinking. This is a fact no matter what the politics.
Thank for your compassionate reply. I have spent a great deal of time in industry hiring technical people for a long time. The one predominant attitude that I have experienced is that the American worker is deemed to be not good enough, while H1b are hired at the smallest salary possible. I admit to being a bit testy on that subject as I have seen the bull---- up close.
Glad to hear you are not one those hiring managers. Some suggestions for your hiring needs;
- Research the applicable MOS for the job skills you need in each of the Military Services. Find out locations where those MOS are being taught. Write to the Commander of the school that produces those MOS and advertise your openings there. Hit some low cost ads in the Navy/Army/Airforce Times. Once you get a few leads, hire a good recruiter to call them. If they are not interested, you will get many referrals from their friends in the MOS. No games, tell them what is expected, what they can earn.
- If you still need more applicants visit the better schools or trades programs, within 100 miles of your location.. Meet the professors who teach those programs. Hire them as part time instructors. Tell them to bring along their better students. Offer these guys a living wage, you will be surprised at the results. All the best to you.
@ newbee
http://www.ualocal357.com/
Some of best fitters on projects we have. Prompt, flexible and professional beyond reproach. Call them, maybe a few journeymen I know would help you. I understand the issues and have worked with these men over 30 years.
Will do, thanks!
if you're having problems finding the right staff have you ever thought about training them up yourself rather than just expecting to pick them up out of the blue?
regards the warehouses of red tape, employment legislation, parasitical lawyers and law system, medical costs etc i couldn't agree more
The oil industry is a prime example of the vandalism and suffocation of the free market by the US Govt, in large part as a protection racket for big dinosaur monopolist oil companies that can't handle competition (Exon, Chevron, BP we know who you fatties are)
It appears the same State fascism regulatory over-load is also rife in the food industry. What is it with Mexican food being raided all the time by the fascist troops (Feds), has Taco Bell got a political protection racket same as Big Oil ???
ICE agents raid Chipotle stores nationwide (May 2011)
http://www.bizjournals.com/denver/news/2011/05/04/ice-agents-check-chipo...
40 detained in raids at Mexican restaurants (April 2011)
http://www.chron.com/disp/story.mpl/special/immigration/7531360.html
Mexican Restaurants Beware! Feds arrest 58 in Ohio raids (July 2008)
http://lawprofessors.typepad.com/immigration/2008/07/mexican-restaur.html
We have a full blown training program directly involved with the community to attempt to attract workers, give them craftsmen skills, set them up with high-dollar jobs and good bennies. It helps, but you can't counteract what's already engrained in our culture - free loaders win, hard work is for suckers. Also, I think the breakdown of our Unions is a two edged sword. The Unions used to be the source for proper skills training / vetting before things became so political. The pendulum has swung to the Companys' favor, weakening the Unions - and rightfully so on so many levels. However it's opened up an enormous hole in our skills bench strength. The Craftsmen who know anything at all are so scarce we set them up as Leads over the younger ones hoping we can do the 'ol on-the-job training grind. This really doesn't work too well however. The front line Supv gets overwhelmed trying to catch all the screwed up details from the inexperienced hands and ends up not being able to manage the work flow effectively. Oops, another refinery just burned down ... really?? I'm so surprised.
newbee, I have the same issues in my business. You can train folks in the craft, you cannot train them to wake-up in the morning, show-up with a positive attitude and apply themselves. We had an opening and I went through more folks than I'd care to remember before we got lucky and found a good fit.
And lest anyone think these are 'low-pay' jobs, our technicians average over $65K/year plus benefits, overtime, three weeks vacation, a 'small company' work environement, etc. Its getting so bad to find people, we're investing in technology to allow us to add volume without needing to hire more people. It's unbelievable!
Yeppers, couldn't agree more. In a back handed way, maybe the on coming train wreck will shake out some of this loser-ville attitude we've taken on.
Yes Gentlemen i couldn't agree more regards staff attitude though now i'm out of it i wonder how much we as managers organise roles and responsibilities assists to the disinterest rather than involvement of staff. We hired Latvian workers that were in a different league to our local staff regards work ethic, staying on for overtime etc though we had a number of gems amongst our locals too... it's a cycle all advanced nations go through getting chubby as the incumbents and agree the coming Depression will be a needed wake-up for our State educated, subsidised and pampered society ...maybe they should play Hells Kitchen to all students as a primer rather than the latest 'PC course' and anti-industrial Al Gore garbage!!
My company's economic model involves a one man owner/executive employee company doing 4 Million Euros/yr in sales, with a 15-20% GM less (salary + SB + gen.& sales overheads) of 10%. So I pay 33% tax and retain 3.5-6.7% of sales as profit since nearly ten years. All my direct and admin cost are outsourced to local subs. Thanks to innovative technology that I installed and which others operate as subs. My company is an add on independent unit sitting on some-one else's physical premises, benefitting from existing (covered factory space+ storage area+ utilities + labor). So low cost infrastructure. One man company doing (general management, sales, and innovation), producing a much in demand product... can be done in EU! 100% export sales to Far East markets. A local out sourced venture where the entrepreneur brings management, technology and marketing/ sales capability. The rest is outsourced. The way to go in the future.
No one is buying your analysis stoner. I think it lacks too much historical data and completely ignores the reality or smell test. We all agree that technology has allowed corporations to get by with fewer workers all over the globe, but we also realize that cheap labor has buried the middle class here and sent many of those jobs over seas for decades (not just in your time frame). Recognize also that some of those companies are multi nationals and I'm not sure how they count their "home town" employees.
...read the original...stoner verision sucks...
http://seekingalpha.com/article/267770-is-offshoring-behind-employment-s-current-problems
Bastiat pointed out that trying to go Luddite doesn't do any good. That is the same as his allegory about tying workers' left hand behind their backs so that the work is harder to accomplish. Impairing your efficiency does not make the country more wealthy. Oh I forgot. Burn it down. Burn it all down. Hit the reset button.
Do you work in Corporate? Ask Larry Summers what happened and yes he told us what is really going on. You get a hall pass since it is a very long process to today. For the Libtards.
Keynes: Trade surplus countries should stimulate their economies; Deficit countries should balance trade. American economists consider themselves to be following Keynes' recommendations when they try to stimulate an economy with stimulus packages, but they studiously ignore the fact that Keynes' had different advice for trade-surplus countries and trade-deficit countries. After graduation from college, Hint read Alfred Marshall, Keynes held the same opinion about free trade that is still held in America's ivory towers and still believed in Washington. He thought that free trade is always the best policy. However, as he began to study the economics of the real world, he realized that countries can improve their own lot by practicing strategies that produce trade surpluses. When they do so, they destabilize the trade deficit countries. As a result, during World War II he worked hard to set up a post-war economic institution that would keep trade in balance so that the post-war expansion in trade could be sustainable. Volume 25 of his collected writings is full of his plans for the institution that would regulate the world economy after World War II. His institution was to have very different requirements for trade surplus countries and trade deficit countries (pages 79-81), with the goal of keeping trade in balance. Please read DOJ files to confirm the rest of intellectual theft to wit. peace
Yes indeed. What was his currency unit called? He realized that we must have a transnational currency for trade to be sustainable and fair without allowing any country such as China and Germany to game the system and destabilize everything. Oh and I forgot. As your president I promise to burn everything down and hit the reset button. We will hang all bankers after brief sham trials. Thank you for your support.