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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (177224)	3/6/2004 1:08:58 PM
From: John F. Dowd	Read Replies (2) \| Respond to of 186894

The lack of job creation is not blamed on the media but there hyperbole in that regard is. They make it seem like there is no recovery underway and things have never been so bad. As a matter of fact we are at 5.6% unemployment and except for those bubble years we have never had it so good as far as unemployment is concerned but that is not the mainline media spin. What it really reveals there are less IRS viewable jobs being created and that union shops are losing there clout and hence the improved productivity. You have some goofy logic here. Jobs are not being created as fast this recovery period for the simple reason that our productivity is climbing as fast as the improving economy. So if productivity is improving at a 10-12 % rate the economy has to exceed that rate to hire additional widget makers. Additionally Asian, and in some instances Eastern Europe, outsourcing outstrips our need to add more jobs in those areas. We must remember that our automated products that we export to low labor countries who know how to employ same are, because of the wage differentials, that much more productive than we are. Therefore, we have a choice: we can curb this trend and be satisfied with mediocre output per wage dollar paid or we can keep improving until we are able to put out more widgets per wage dollar than our third world competitors. There is no doubt in my mind that we will be able to achieve this and do so a lot sooner than the hand wringers think we can. Then the gun shy execs who read the henny penny crap in the papers will have only the facts staring them in the face and not the daily dose of propaganda. We are much more productive than the EU types and we are moving up the food chain of manufacturing by being the supplier to the world of the most efficient manufacturing equipment. We are the idea and tech epicenter of the universe and that will be the chief export of this country from now on. We are moving out of the manufacturing age to the idea/tech age. I am surprised, to tell you the truth, that we are gaining as much as we are on the employment front. Obviously you are a Dem. and like big government and big taxes- well great that is about the worst way to put people back to "work". And don't give me the sob story about the guys who are out of work as I am in the same boat as well and my chances of finding something to employ me at my age are slim. But I am not bemoaning the lack of jobs being created but rather recognize that younger more employable people must be absorbed before there is anything out there that I would want to do. "I guess you feel that The "Nattering Nabobs of Negativism" have HR not filling needed positions made some point" but I don't read the op ed pages and therefore am not hip enough to understand what point you are making with that sound bite. Have a nice day, JFD