SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Moderate Forum
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: tsigprofit who wrote (6725)2/9/2004 4:34:19 PM
From: The Philosopher  Read Replies (1) of 20773
 
The Labor Department has monthly jobs figures dating back to January 1939. In that period there is no other recovery that has gone this long without employment getting back to where it stood when the recession ended.


This is the first recession in which NAFTA was present. Also the first one in which the advances in telecommunications allowed companies to move whole call centers overseas, particularly to India. And the first on in which economies in shipping, both by air and by sea, have made transporting goods from overseas not that much more costly than transporting them across the country. (In fact, shipping cars by sea from Japan to California may even be cheaper than shipping them by rail or truck from Detroit. I don't know the figures, but I wouldn't be surprised.)

American workers are simply priced out of a world economy. There's nothing any president or congress can do about it. The US consumer could solve the problem overnight by refusing to buy goods made in cheap labor countries. Or investors in the stock market could refuse to invest in the stock of companies that moved jobs overseas. But neither of those are going to happen. As long as companies can make more money by moving jobs overseas, and thereby boost their stock price and the value of the executives' stock in the company, jobs will keep leaving the US. And there's not a thing the president or congress can do about it.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News