Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: arun gera who wrote (10331)	8/8/2004 12:21:58 AM
From: mishedlo	Read Replies (1) of 116555

So 1 job offshored gives the company a chance to hire 3.5 new employees in the US with the savings. -Arun Please forgive me for being blunt here but quite literally that is assinine. We have lost millions of jobs to India and China and Bush has overall lost 1.5 million jobs in 4 years. According to your silly math Bush should have gained 3.5*2.6 jobs or 9.1 million jobs created. So your analysis is downright silly at BEST. The reason I use 2.6 is because I believe that is the # lost overseas. If you have a better number by all means plug it in and then tell me how in a rising population with more demand for jobs Bush managed to lose 1.5 million jobs. Bottom line: We are losing jobs and they are NOT coming back in any way shape or form except at Walmart, McDonalds, or Pizza Hut. Mish

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