archangel said:
Hillary Clinton once again jumping the bandwagon..In India she said"Outsourcing of American jobs is wrong,however she went on to say:being realistic you can't legislate morality" What is wrong with this picture...humm you tell me..once again she is walking the fence to appease both sides of the issue...
This also smacks of the proposed SSA privatization attack by the same politicians and CEO's who want to once again pad their pockets at the expense of the average worker...
Apparently you're not a big fan of letting facts undermine your opinions, but at the risk of wasting space on the server, let me try one more time:
=========================================
http://www.bls.gov/news.release/empsit.nr0.htm
Employment Situation Summary
Technical information:
Household data: (202) 691-6378 USDL 05-178
http://www.bls.gov/cps/
Establishment data: 691-6555 Transmission of material in this release
http://www.bls.gov/ces/ is embargoed until 8:30 A.M. (EST),
Media contact: 691-5902 Friday, February 4, 2005.
THE EMPLOYMENT SITUATION: JANUARY 2005
Nonfarm payroll employment increased by 146,000 in January and the unem-
ployment rate decreased to 5.2 percent, the Bureau of Labor Statistics of the
U.S. Department of Labor reported today. Job growth continued in several ser-
vice-providing industries, while manufacturing employment declined over the
month.
Unemployment (Household Survey Data)
Both the number of unemployed persons, 7.7 million, and the unemployment
rate, 5.2 percent, declined in January. The jobless rate was down from 5.7
percent a year earlier. Over the month, the unemployment rates for adult men
(4.7 percent), whites (4.4 percent), and Hispanics or Latinos (6.1 percent)
edged down, while the rates for adult women (4.6 percent), teenagers (16.3
percent), and blacks or African Americans (10.6 percent) showed little change.
The unemployment rate for Asians was 4.2 percent, not seasonally adjusted.
(See tables A-1, A-2, and A-3.)
The number of long-term unemployed--those unemployed 27 weeks and over--was
about unchanged over the month. This group accounted for 20.9 percent of the
unemployed. (See table A-9.)
Total Employment and the Labor Force (Household Survey Data)
Total employment, as measured by the household survey, was little changed
at 140.2 million, seasonally adjusted, in January. The employment-population
ratio--the proportion of the population age 16 and older with jobs--remained
at 62.4 percent. The civilian labor force was 148.0 million, after seasonal
adjustment. The labor force participation rate edged down over the month to
65.8 percent. (See table A-1.)
The number of persons who work part time for economic reasons was 4.4 mil-
lion in January, seasonally adjusted. The January level was about unchanged
from December, but was down by 308,000 over the year. This category is com-
prised primarily of persons who indicated that they would like to work full
time but were working part time because their hours had been cut back or
because they were unable to find full-time jobs. (See table A-5.)
At 7.2 million, not seasonally adjusted, the number of persons who held
more than one job was about unchanged in January from a year earlier. These
multiple jobholders represented 5.2 percent of total employment, the same
proportion as in January 2004. (See table A-13.)
======================================================
Historically there has been a core rate of unemployment which is barely below current levels by just a few tenths of a percent. Unemployment levels of 4 percent or less tend to signal a round of inflation as the labor market tightens and wages go up with prices inevitably following.
You sound like Detroit back in the seventies when Japanese auto makers started to make huge inroads into the chrome-bloated junkers being produced here in the US. American auto execs objected to the "negative" impact of Japanese autos. But the upshot was they finally had to get off their complacent corporate asses and compete - they finally figured that out when AMC went out of business. Today, so many Japanese cars are made in the US by Americans that some are even being exported back to Japan.
But more to the point - you continue to blame those nefarious CEOs and those immoral corporations for outsourcing. That's total bat barf. My friend, you and I and every consumer in this country are the true catalysts for outsourcing. You outsource every time you buy a foreign made product. You outsource every time you walk through the door at Wally World - China's largest corporate trading partner. You are responsible for outsourcing, so am I and so is every American who doesn't look for a "Made in the USA" label on the products they purchase.
But it's a lot easier to blame it on "them".
