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Politics : IMPEACH GRAY DAVIS!
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To: Bill who wrote (800)8/14/2003 12:51:59 PM
From: Lizzie Tudor  Read Replies (1) of 1641
 
oh Bill come on I know you are smarter than this. First of all, new jobless claims are worthless when you have a rolling deep recession. Today we got another new jobless claims figure up near 400K, not quite but close. But anyway that number signifies people that are filing for unemployment. Most unemployed folks I know used up their benefits 2 years ago. You have to look at TOTAL jobs in the country and since 2000 we have lost about 3 million jobs, the highest job loss since the great depression. This absolute figure contradicts your 6%. The worst part is that most of these were high paying professional engineering jobs. We all know what is happening, companies are laying off here and hiring overseas. Cisco included, they are down to 50% of peak in Calfornia. All the cisco jobs went to India, this is not just IT. Applied materials same deal. The question is, can we as an economy improve with this jobs gutting - I don't think so. I see Delco automotive announced a few days ago they are moving their engineering to Poland or somewhere. Bush and Snow don't seem to "get it". Snow is a railroad executive from the 70s so what would he know.

The productivity numbers - same deal. Productivity per worker in the US is blowing out, of course. This is because where there once were say 50 payroll dept accountants, there now are 4 in the US, and 50 people in india supporting these 4 with a contractual (non employee) relationship. It looks like these payroll people are immensely productuve but is that what the productivity report is supposed to show?
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