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Vanguard Discusses The Number One US Export: Jobs
A candid view at how US unemployment has been outsourced over the ages. Coupled with the jobless recovery, this presents the bull case on the US' most recent incarnation as the latest addition to the United States of China.
h/t Mike
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perhaps domestic jobs are changing and fewer relative being exported than one would expect. domestic jobs changing toward knowledge and service workers.
and government workers...
oh jeezus--we've been hearing that same crap for years--and just what has been the result of this FIRE-based economy? economic instability and massive current account deficits-- given the US's appetite for manufactured goods, there is just no way such an economy can generate enuf true wealth of interest to foreigners to achieve anywhere near balanced trade
it's just one big fraud
This is what 8% GDP growth looks like?
Global systemic collapse.
I am an engineer by profession and weep as I see my industry getting destroyed by this "China Creep" as jobs continue to be exported. What shocks and amazes me is that the 20 year boom could support such shenanighans since folks found jobs selling homes & stocks. Now what do they bank on ? Stocks ??
I'm an engineer and small business owner that makes specialized components for the semiconductor equipment industry. This is Change We Can Believe In. I'm past outrage and just waiting for the whole thing to collapse now. Please see
http://www.kpfa.org/archive/id/53994
to understand what is going on. It's long but well worth the listen.
I'm an [old] engineer in the machinery business. My old direct job (of 20 years) folded up with a plant closing so now I drift as a temp engineer/draftsman.
I make about half of what I once did. But the good news is, the illegal Mexicans at a nearby foundry are all going home so all those $10/hr jobs are beginning to open up and "Americans might soon be doing the work that Mexicans were doing because Americans wouldn't do it but now they will."
I was tickled today to hear Helicopter Ben declare the recession is over and "happy days are here again ...".
As the final date for our old plant closing was announced, the few H1B staff began to complain. As I recall, the H1B engineers had 30 (or 60?) days to find another job or be deported. So, as the plant was officially closed and the American staff sent away, the H1B boys/girls (Chinese and European) were kept on staff in the empty plant until they found other American employment and finally moved on.
The world is upside-down.
Hank Paulson was on a trip to Africa last year. I remember he was trying to convince them "Africa can be the next China". The globalists Paulson & Co are like one of those planet eating alien machines on Star Trek, devouring one planet only to move on to the next.
Good Piece... When the world economy recovers, I guess we can flip burgers because we go rid of all of the "junk" jobs.....
Not exactly sure how we outsourced OUR unemployment.
I'm still unemployed, when does that get oursourced?
I think the more pertinent question is when did we decide to adopt the Cuban economic system, Jobless Recovery my ass!
"Outsourced" is clearly the wrong word. Current journalistic culture appears to include use of wrong words. I don't know if journalists do this because they are trying to be cute, or because they read insufficiently to develop adequate vocabulary. I suspect it has something to do with television.
Until we vote wise we are not wise. I am a Enginner also and it continues unabated.
http://www.youtube.com/watch?v=-58-36lSqG4&feature=related
OSHA would shut that factory (at ~14min) down in the US.
This production is from the money management firm, Vanguard? Interesting that they are making movies and distributing them.
If a short time ago the Austin real estate jobs were the most searched jobs the situation in nowadays it is a little bit changed and the real estate it is a falling down domain .