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To: EnricoPalazzo who wrote (13601)	4/20/2001 6:44:27 AM
From: unclewest	Read Replies (6) \| Respond to of 22706

Ah yes. What will we ever do without those high-paying jobs making alarm clocks, cheap watches, sewing jeans together and making tennis shoes? ardethen, i am surprised that you bought into all that liberal nonsense (or were you joking?). perhaps you will like these examples better. we have also shipped computer production to asia, medical research to israel, and software development to india and ireland. lots of folks find job satisfaction and, much more importantly, make a living in production. i agree that many of the jobs lost in the past were low paying. that does not make them unimportant. just as real estate is the back bone of our banking system, so is production the back bone of our economy. the current round of job losses are even more frightening. the massive layoffs being announced by lu, jdsu, txn, mot, nt, sebl, orcl, etc, etc, are the cream. many of these jobs are going to be lost forever to ireland, england, india, china, mexico, etc. i believe that some CEOs see this current slowdown as a way to move many jobs without dealing with unions and upsetting the rank and file. if the economy becomes stronger, they can simply hire new folks overseas. in a booming economy, they would never get away with a 10,000 man lay-off accompanied by a 10,000 man hire in a foreign country. some of the same countries that initially took our low paying production jobs are now coming back to skim the cream. i read recently that one fed governor is surprised that the service sector seems to be incapable of continuing to expand to fill the void created by these production job losses. that is frightening too. to think that he believes that janitorial, carpet laying, insurance, mcdonalds and burger king jobs can increase and sustain the economy as we ship our production jobs overseas is nuts. visit any small town two years after the local factory shuts down to see what happens to service jobs when no production jobs are available. the big question is how many of this current round of production job layoffs will be lost forever to other countries and how many service jobs will be lost as a result. imo this current round of massive layoffs is what is scaring AG into taking desperate measures to lower the cost of doing business and increase money supply in an attempt to retain what we have. he is old enough to remember the 1930s soup line stories that his parents used to talk about. those lines formed after massive production job layoffs and factory closings. so far he is losing the war. our trade deficit with china and several other countries has been growing exponentially and completely out of control for the simple reason that they have expanded their production base as we have lost ours. lower interest rates are a partial and only a partial solution. we cannot rely on governmental money manipulation to solve the economic problem and recreate lost jobs. an example is the japanese. their prime rate is currently zero; their economy is screwed up, and their stock market is at 15 year lows. production jobs are the meat and potatoes of our economy. service is the fluff created to bleed off production profits, a way for production folks to spend their money. as we close factories, watch what happens to the service jobs in those towns. the premise of that first post was that we cannot continue to reduce our personal purchases of American made goods, expand our personal purchases of foreign made goods and expect to retain our production or service jobs. the little banty rooster from texas had it right after all. this is very serious stuff...ask someone who has been laid off from a good job how the search for an equivalent job is going. uw

To: EnricoPalazzo who wrote (13601)	4/21/2001 6:13:00 PM
From: unclewest	Read Replies (3) \| Respond to of 22706

What will we ever do without those high-paying jobs making alarm clocks, cheap watches, sewing jeans together and making tennis shoes? ardethan, i looked around a little more to try to prove that you are right and i shouldn't be concerned...here are some of the "cheap job" lay offs that i found. uw these are the US tech company announced job cuts so far for this year that i found...there are more coming...i.e. sebl other massive cuts already announced this year are listed at the very end of this post...since all of these have not yet happened, they will not show up in bureau of labor statistics for a while. it will also be a while before the economic effects are seen...because most get severance packages followed by unemployment benefits. DATE COMPANIES JOBS CUT SCALE OF CUT April 20 Silicon Graphics 1,000 15% April 20 Ericsson 12,000 11% April 19 Sega 400 36% April 19 Nortel 5,000 5% April 18 Siebel 800 10% April 18 Celestica 2,900 10% April 18 Hewlett-Packard 3,000 4% April 17 Texas Instruments 2,500 6% April 17 Philips 6,000-7,000 3% April 16 Cisco 8,500 18% April 11 Motorola 4,000 6% April 10 Siemens 2,000 25% of handset unit April 8 Marconi 3,000 6% April 4 Akamai Technologies 180 14% April 3 Winstar 2,000 37% April 3 Alcatel 1,100 5% of US staff April 2 i2 Technologies 610 10% April 2 Ariba 700 33% April 2 Inktomi 260 25% April 2 BroadVision 325 15% March 28 Palm 250 15% March 27 Nortel Networks 5,000 5% March 27 Ericsson 3,700 3.5% March 26 PMC-Sierra 230 13% March 26 Conexant Systems 1,625 20% March 23 Motorola 4,000 2.7% March 20 Oracle 860 2% March 20 Creative Technologies 500 10% March 19 Solectron 8,200 10% March 16 Computer Sciences Corporation 700-900 1.3% March 15 Applied Materials 1,000 5% March 15 Compaq 5,000 7% March 13 Motorola 7,000-12,000 5-8% March 8 Intel 5,000 6% February 27 JDS Uniphase 3,000 10% February 26 3Com 1,200 10% February 15 Dell Computer 1,700 4% February 15 Nortel Networks 10,000 10% February 9 Motorola 4,000 3% January 25 Ericsson 6,000 5% January 24 Lucent Technologies 16,000 12% January 16 Motorola 2,500 2% January 11 Gateway 3,000 10% looking for a trend, i totaled the tech losses by month. where a range was given, i used the average. jan...27,500 feb...19,900 mar...45665 apr...56,975 other announced job cuts so far this year include: GE 60,000 daimler chrysler 26,000 verizon 10,000 whirlpool 6,000 sears 2,400 aol/tw 2,400 aetna 5,000 gillette 2,700 wcom 10,000 xerox 4,000 procter gamble 9,600 wachovia 7,000 honeywell 6,500 adc 6,500 disney 4,000 delphia automotive 11,500 there are lots more, but i don't want you to think i am worried about... "those high-paying jobs making alarm clocks, cheap watches, sewing jeans together and making tennis shoes?"