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Strategies & Market Trends : Waiting for the big Kahuna

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To: Real Man who wrote (68744)	2/23/2004 6:31:53 AM
From: Raymond Duray	Read Replies (3) of 94695

Re: But I feel the key reason for no hiring boom in the US is not the Indians -it's the aftermath of the huge bubble. Hmmm, IBM just announced a new "subcontractor" will employ 1,000 in service roles in Bangalore. Maytag just closed its plant in Galesburg, IL and shipped the plant to Mexico. A major auto parts vendor in suburban Michigan just did the same announcing 700 layoffs in Michigan and 700 hires in Mexico. You must not be reading the same news I am. Though I can't blame you. The Bush's have suppressed the BLS from printing information on large plant closings. There are essentially no working textile mills in the Carolinas any longer. They've shed upwards of 100,000 jobs in the last 4 years. Wisconsin has lost about 90,000 manufacturing jobs over the same period. The same is true in most states across the nation. Hell, it's getting so bad that Bush wants to call hamburger flipping a manufacturing job, ferchrissakes. I don't think the dot.com bubble had a damn thing to do with any of that.

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