SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: damainman who wrote (193477)3/26/2009 12:33:23 PM
From: Lizzie TudorRespond to of 306849
 
right- agree totally. The huge bloodletting that occurred here happened and never recovered. An L shaped recovery in jobs basically, and since tech jobs were where the good jobs were in the 90s - the labor market never picked up after 2001 despite Larry Kudlow claiming we were in a "boom". The USA created something like 30K jobs per month, consistently for the entire decade- this is something like 1/5 of the jobs needed to sustain population growth here. Obviously wages were flat or declining.

This offshoring mess is a hard problem to solve. On the one hand we don't want to go back to the 70s when US industry was in trouble because we were self indulgent with our own labor. On the other hand free trade has some really nasty side effects that nobody bargained for. Not just losing jobs in the US, but quality of life issues like those Maquiadoras in Juarez mexico, right next to the Texas border where 2000 young women have been killed over the last 2 decades- likely by the POLICIA. Nafta caused this and it is gross-disgusting.

At a bare minimum Obama should disallow IBM from bidding on any public works projects, and force every firm that gets those to only use US labor.

The one shining light in all this is the horrible quality of engineering efforts coming out of these foreign "thinktanks". If you log onto a corporate website somewhere and it looks like sh!t- its an Indian offshore effort that Satyam did most likely. Too late for companies like Dell that lost their business using these turkeys though.



To: damainman who wrote (193477)3/26/2009 4:05:44 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
BPZ was en fuego today.....



To: damainman who wrote (193477)3/26/2009 11:56:20 PM
From: fattyRead Replies (1) | Respond to of 306849
 
Did you in-law get that job after a taking 2 courses at community college? I had friends like that back in the dot com days, they were the first to let go and never got back to the industry.