Where are the jobs?

Discussion in 'Economy' started by ihopehefails, May 21, 2010.

  1. ihopehefails
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    ihopehefails BANNED

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    Seriously. I looked in the want ads and their is nothing their. This is surprising since 300,000 jobs were created. I don't see it and I wonder if anyone else notices this as well. My guess, is that these are all government jobs or temporary jobs.
     
  2. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    Last edited: May 22, 2010
  3. Mr Clean
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    Mr Clean Gold Member

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    The jobs are in India, Pakistan, and China.
     
  4. AVG-JOE
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    AVG-JOE American Mutt Staff Member Gold Supporting Member

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    So..... :eusa_think:

    What is it that THEY are doing right?

    What IS the national debt of China?

    How much corporate control of the economy IS there in China?

    What kind of a living ARE professional lobbyists making in Beijing? :eusa_think:

    How divided IS the Chinese government over social issues?
     
    Last edited: May 22, 2010
  5. Mr Clean
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    Mr Clean Gold Member

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    Two words:

    Cheap labor
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    For the most part, the only thing that China is doing right is undercutting the US in prices on products. They can do that because their labor costs are about half to one third of those in the United States. Our workers would not work for the wages that the Chinese factories pay.

    China is doing a horrible job of managing their economy. They have approximately 200,000,000 who are out of work right now. They are building an internal economic bubble by too much stimulation of their economy. They saw how the Bubble in the US in house prices allowed so many Americans to buy buy buy buy, and they thought that would be good for their economy, so they tried to copy it TOTALLY. So, they now have a tremendous housing bubble that will burst eventually, yet they did get the Chinese people to stop hording their wealth (Well, at least the younger generation) and they now have a consumer society where the younger Chinese are spending spending spending with money that they do not have. Their Bubble will collapse just like ours did. When that happens, the Chinese government will have to find a new way to stimulate a consumer society.
     
  7. editec
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    editec Mr. Forgot-it-All

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    China's in trouble, too.

    Their healthy economy depends on the rest of the world buying their goods.
     
  8. Neubarth
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    Neubarth At the Ballpark July 30th

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    Actually, it has been over 70 Percent of the American Economy for some time now. It is called the Service Sector.

    Manufacturing is only about ten percent of our economy. The Obama administration duped a whole lot of fools into believing that we were in recovery because the Manufacturing Sector improved to about half of what it lost in the past three years. The fact remains that the overall economy was and is still falling.
     

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