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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (8877)	6/12/2008 4:36:24 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71475

Australia is a major exporter of oil, gas, uranium, metals, minerals, seafood, agricultural products (although grain growing areas are currently hit by drought), and pharmaceuticals. dfat.gov.au Australia has the typical complement of semiconductor, automobile, truck and farm equipment plants, along with manufacturers of consumer goods and industrial goods. .

To: Real Man who wrote (8877)	6/14/2008 1:32:35 AM
From: dybdahl	Respond to of 71475

I think USA needs to outsource more, but outsource the right stuff. You cannot just outsource a complete support department, but you can outsource parts of it. You cannot outsource your complete production, but you can outsource parts of it. In our company, we started outsourcing when we were 2 employees, the third was in a low wage country. That's quite normal. Some of my old friends have companies where the 2nd employee was hired in a low wage country (IT business). About 30% of the work that we get done in the low wage country, is automating the work processes here in Denmark. We're high wage workers, so it would be completely waste of time if we would use e-mail and documents to shuffle information around between us - this stuff needs to be highly automated. Manufacturing does the same: Much of Nokias software is developed here in Copenhagen. Nokia does produce some phones in Scandinavia, but as soon as the production method is known and problems have been removed, production is moved elsewhere, where wages are lower. Even our biggest producer of floor wood is a high-tech company today, with good automation levels. No factory workers there. I know a guy, who is responsible for running a local factory that produces drugs. It's a big company with many employees, but that factory only has 2 employees. Manufacturing today is a machine that provides little value and doesn't employ people. I simply cannot see what difference it makes to your economy, whether you have a machine running outside the city, or whether some Chinese make the product and ship it here. The value, the earnings etc., are not in manufacturing, and the biggest mistake you can do, is to employ a large number of people in manufacturing. That's the sure path to lower wages. Instead, you need to improve people's qualifications, improve education etc., making them knowledge workers. That includes the carpenter.