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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: arun gera who wrote (10331)	8/8/2004 12:21:58 AM
From: mishedlo	Read Replies (1) \| Respond to 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

To: arun gera who wrote (10331)	8/8/2004 12:50:28 AM
From: BubbaFred	Respond to of 116555

Not so, and not the case. The replacement workers overseas could be more efficient and productive than the American counterparts. Besides, it's so much easier to hire and fire there than it is in US. So it's lose-lose situation for US workers. Even working more hours for less pay is only a miniscule part of the answer, and it's only for buying a few more years of time.

To: arun gera who wrote (10331)	8/8/2004 10:58:44 AM
From: Jim Willie CB	Read Replies (3) \| Respond to of 116555

either you are a technical professional who skipped classes or a political wonk who threw away his technical manuals your arguments are absurd they point out the kind of lunatic thinking which is too pervasive out there by our leaders you focus on phony numbers in the marginal effects and dont bother to give it the sanity check or smell test or taste test MishMan put it well, where are the jobs? the trouble with you guys is you marry a concept, then forget to test out your numbers in the aggregate, preferring arrogantly to rest back like a lazy analytic slob some counter-points: offshore firms do buy our IT equipment, but much of it is made in Asia, check the names behind China new plants like Lucent, and almost all PC's are made in Taiwan nowadays employees of foreign firms do buy home computers (made in Asia), cellphones (made in Asia), televisions (made in Asia or Mexico) do you do any research at all? yes, we have exported Pizza Hut, KFC, and bigMacs their growing obesity problems abroad testify to it those exported fast food joints make more foreign jobs, DAAHH their new health problems lead to more activity in their hospitals they watch more Disney movies, watch our cable TV shows, your first correct point for every 100,000 jobs exported, foreign nations purchase an MRI for every 1000 jobs exported, they buy an ATM machine for every 1 million jobs exported, they purchase a GE electric turbine (long way to go on that one) for every 50k jobs exported, they buy an AirBus (not Boeing) Europeans and Asians buy as many AirBus as Boeings since they are more heavily subsidized by Euro govts yes, they purchase home appliances like TV, washers, a/c but those are now made in Asia do you even read the news? Maytag and numerous others sent their home appliance mfg to Mexico and Asia it is not a pure zero-sum game they take 100 points, we get back 5-7 your math sucks you seem lame in the analysis did you make up all those numbers while sitting on the bathroom throne scribbling on handy toilet paper? if I were a professor, I would give you a "D" grade your math is totally without justification with actual aggregate numbers in the US Economy did you pull this bullshit off a political report? / jim