bad economy?????

Discussion in 'Politics' started by jon_forward, Feb 27, 2004.

  1. jon_forward
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    jon_forward Active Member

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  2. William Joyce
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    William Joyce Chemotherapy for PC

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    So where are the JOBS?
     
  3. jon_forward
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    jon_forward Active Member

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    they are there...the democrats werent counting all of them.....the sky isnt falling..life great aint it?:clap:
     
  4. DKSuddeth
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    DKSuddeth Senior Member

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    here are all those new jobs...

    http://news.com.com/2100-1022_3-5166458.html?tag=nefd_top

    Tech execs look to expand--outside U.S.
    Last modified: February 27, 2004, 8:02 AM PST
    By Reuters


    Tech companies are seeing a rebound in business, but top executives said this week that any jobs added to meet growing demand will likely be in countries where labor is cheaper than the United States.

    Executives speaking at the Reuters Technology, Media and Telecommunications Summit in New York said they see increased hiring in countries like India and China, but few jobs will be added in the United States.

    Michael Jordan, chief executive of technology services provider Electronic Data Systems, said the company's employees in low-cost locations like India will rise from 9,000 now to 20,000 by 2006.

    Bruce Claflin, chief executive of network products maker 3Com, said the company's joint-venture with Huawei Technologies of China will add 1,000 engineers, all supplied by Huawei.

    In the future, customers "won't know where the technology comes from,'' Claflin said.

    Anne Mulcahy, chief executive of Xerox, which has about 40 percent of its 60,000 employees outside the U.S., expects little hiring. "I don't really think we'll be adding people the way we used to,'' she said. Xerox has already handed over manufacturing of most printers to Flextronics International of Singapore.

    Only a few companies, such as IBM, the world's No. 1 technology company, have announced plans to add jobs this year. But even IBM, which derives most of its sales abroad, plans to shift jobs to remain competitive.

    U.S. employment fell
    U.S. technology employment fell 4 percent last year to just below 6 million, the American Electronics Association estimates, the lowest level since 1999. The unemployment rate for electrical and electronics engineers rose to a record 6.2 percent, according to the Institute for Electrical and Electronics Engineers (IEEE).

    Ron Hira, a professor at Rochester Institute of Technology who analyzes manpower for the IEEE, said a recent decrease in the U.S. government's outlook for employment growth reflects the move to send U.S. technology jobs abroad.

    Non-U.S. technology companies had a banner year in 2003. Jim Thomas, U.S. marketing vice president for Tata Consultancy Services of India, said Tata had double-digit growth in the United States, estimating overall U.S. business reached almost $1 billion from $880 million in fiscal 2002.

    Tata, India's largest technology services company, saw "across the board'' gains in many U.S. sectors, Thomas said.

    Tata, which is privately held, as well as the publicly traded Indian service companies like the Wipro Technologies unit of Wipro and Infosys Technologies have bumped up U.S. sales.

    In response, more than a dozen states are considering legislation to ban hiring non-U.S. workers to handle government contracts but none has passed yet. Indiana's Senate this month passed such a law but its House hasn't acted yet, said Sen. Jeff Drozda, its Republican sponsor.

    In New Jersey, Sen. Shirley Turner, sponsor of a similar bill, said, "We are shooting ourselves in the head if we don't adopt protective laws.''

    Congress is considering related legislation.

    Ill-advised protectionism?
    But EDS' Jordan said such moves are ill-advised, preferring federal programs that could invoke existing trade-adjustment laws.

    "There are lots of ways to skin the productivity cat,'' Jordan said. "India's only one of them.''

    Michael Turner, president of the Information Technology Institute, an industry study group, said European countries that have laws prohibiting the transfer of personal data abroad may be better protected against offshoring.

    Some institutional shareholders also plan to take a stand. Dan Steininger, chief executive of Catholic Knights, a Milwaukee-based mutual funds group with assets around $1 billion, said he plans to introduce resolutions to deal with offshoring this year.

    "CEOs never think of reducing their own pay,'' Steininger said. "Why do they always think the pain must start out at the bottom?''
     
  5. jon_forward
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    jon_forward Active Member

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    personal view here...I went "job hunting today" the only thing that stopped me from jobs at 5 of 11 places I made cold calls on today was due to the fact that I dont have a valid DL...cant get a DL with out paying tickets...cant get a job without one....go figure...so jobs are out there...alot more then even I thought...

    and historicly, the first three months are dead in the automotive area...ie..very little work
     
  6. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Considering the unemployment rate is pretty close to full employment i think those whining about jobs arent in touch with reality. Tell me, how many of you people know actual people who have no job right now.
     
  7. jon_forward
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    jon_forward Active Member

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    me, but not because the jobs arent there..they are...
     
  8. DKSuddeth
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    DKSuddeth Senior Member

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    I think you are the one not in touch with reality.

    more layoffs continue to happen. some jobs are being added, yes, but nowhere near the number that either needs to be or was predicted by the bush economic team. All signs of the economy are improving with the exception of where it will matter most and that is jobs. JOBS. the article I provided should show you the reality of what our future economy is going to look like. There will be no more middle class. It will exist of the haves and the have nots. Thats reality, whether you want to believe it or not.
     
  9. Avatar4321
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    Avatar4321 Diamond Member Gold Supporting Member

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    Hello?!?!?!? Im not the one in reality???? Look at the economic reports. Unemployment has dropped. Its almost full umployment. The company im working for is hiring 10 people this much in my branch alone. There are jobs out there. And even if they arent this is America where we can create our own jobs.

    To argue that we dont have jobs when we are almost at full employment is pretty weak. To tell someone that they arent part of reality for telling you these facts is dishonest.
     
  10. DKSuddeth
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    DKSuddeth Senior Member

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    correct.

    GDP as the leading economic indicator in america cannot be taken too seriously because the recovery has not followed normal patterns.

    companies are still laying off, the only reason that unemployment hasn't changed is the numbers of people being dropped off the radar. Fords going to lay off 1,000, tyson is closing a plant and 800 jobs will be gone. my previous article states that companies will do little hiring in the states as they go abroad for cheaper labor. The american working class is becoming the forgotten factor in the indicators of the economy.

    There are jobs out there, the only problem is that they are either minimum wage jobs or the qualifications are so outlandish that they can't possibly be filled. Talk about being america where we can create our own jobs is about as effective as having roseanne barr cheerlead for your alma mater. It does little good for most people to up and start a business where they can make a whopping 200 dollars a week when it costs more than that just to eat for a family of four.

    yet the politicians out there seem to be paying quite a bit of attention to it.

    when you only state the part of the facts that support your position while ignoring the rest of the facts that shatter your position is whats dishonest.

    Even greenspan won't touch the jobs issue other than to say 'it should happen soon'. people can't wait until may for jobs to start happening.
     

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