First of all, judging by your posting history on this thread, I normally wouldn't respond to you at all. But this time it actually looked as though you were being thoughtful, right up to that last sentence which you just couldn't resist, right? I know, the devil made you do it.
Second, there is a BIG difference between unemployment dropping and job growth--that is if you are talking about new unemployment claims. But even if the unemployment RATE is dropping, the pace of job growth is way below what any economist worth his salt would tell you is necessary to actually be called "recovery" from the losses of the last 2-3 years.
Third, to say that labor unions are to "blame" for outsourcing is definitely the most idiotic thing I've heard all day. Do you have any idea what programmers are paid in India? About 20-25% of the salary of a low level programmer here. Plus, white collar employees aren't unionized. As far as manufacturing is concerned, are you suggesting that unions should take 50% pay cuts to prevent manufacturing jobs from going overseas? Think about it. If they did that, they wouldn't be able to shop at Walmart, you dufus.
And finally, wages are NOT increasing here, so this "recovery" we are seeing in the market is a bubble, baby. |
