BECKS72

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Member Since: 7/2009 Last Seen: 5/17/2012

This is were your jobs have gone

Sun Oct 2, 2011 6:23 PM EDT

Considering the stupendous list of America's manufacturing achievements and the ... According to the Economist, “For the first time since the Industrial Revolution, Between 1950 and 2000, the U.S. lost more than 491000 jobs. All this as a result of globalization and free trade. Most stockholders received shares in the foreign companies that ate our lunch with the aid of our politicians. This did little for the middle class but helped those that had enough to invest. The high tech jobs promised by our politicians failed to materialize.

One must remember that corporation are multinational and do not care about American workers or America only the all mighty dollar. I find the subsidies and corporate welfare by American taxpayers ironic. We have free trade but not fair trade and have given free access to our markets. This has resulted in inexpensive products in the short term. Long term however the loss of good paying jobs has a domino effect and will adversely affect all of us.

Those that believe deregulation or further corporate welfare and subsidies is the answer for the job loss need to look at the facts. Bringing manufacturing jobs back to America requires fair trade and more astute politicians who work for the average American and not special interests.

The Death of American Manufacturing | Economy | theTrumpet.com by the Philadelphia Church of God

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Public Discussion (10)

Becks72

For every manufacturing job lost multiply the number by three. This accounts for the related jobs lost their spending would have created.

3 votes

#1 - Mon Oct 3, 2011 8:45 AM EDT

gmross

Allowing the same policies that were implimented during the last ten years to continue will end up destroying our country's economy, right now if we end the policies of the past ten years we will have a chance to correct the economy. So, Becks, I agree with everything that you have stated above.

PEACE.

4 votes

#2 - Mon Oct 3, 2011 9:25 AM EDT

kazutam

Those that believe deregulation or further corporate welfare and subsidies is the answer for the job loss need to look at the facts.

Well I do not agree with the direction that the politicians are leading this country in, neither "right" nor "left" seem to have a clue with what they are doing. I just wanted to state this up front before I get into this.

Now as far as the "facts" go.

If anyone cares to do a little research(I've already done it because I was interested), they will find that shortly after 9/11 it seemed that there was an exodus of "call centers" from this country. While these aren't the so called "high tech" jobs that were promised to US citizens, they were better than nothing.

The results of my research led me to find that the reasons that many of these companies moved to India, was that there was an educated work force, that work force was willing to work for less that those in the US, and that the tax incentives offered by India played a major part in getting companies to locate their call centers there.

Now the part that was really interesting to me was the tax incentives portion.

Come to find out the way that India got these companies to relocate there was quite simple, they offered them 10 years with NO taxes to locate there an employ "X" number of people.

Well those 10 years are almost up, so it will be interesting to see if these companies will turn around and relocate those jobs back here if they are offered "incentives", or if India will offer more "incentives" to attempt to keep those jobs there.

2 votes

#3 - Mon Oct 3, 2011 11:57 AM EDT

GeorgeOrwell

And, of course, you entirely missed the part about how Indian wages are lower. When you can hire 5 Indian workers for the wages of just one US worker, there really isn't much to talk about, is there?

These corporations that choose to move their call centers to India do so knowing full well that the work they will get isn't necessarily as good as they could get here, but the short-term financials in their decision making process offsets any of the pitfalls they foresee. Never mind that some of these companies are pretty much monopolies and can do whatever they want without major repercussions.

3 votes

#3.1 - Mon Oct 3, 2011 12:38 PM EDT

kazutam

And, of course, you entirely missed the part about how Indian wages are lower.

Maybe you should reread what I posted.

I DID mention that wages are lower.

Look what I don't think that YOU understand is the "flip-side" of this whole push for globalization.

Wages are going to go DOWN in this country, it's already started and it will continue.

Meanwhile wages will increase in these countries that our jobs went to. It has already started and will continue, even in places that you would think it couldn't happen like China.

There has to be a period of equalization in wages around the globe.

This is what this country is caught up in and is completely unprepared for.

1 vote

#3.2 - Mon Oct 3, 2011 12:53 PM EDT

Becks72

The equalization in the world will result in larger and larger ghetto's and greater and greater disparity in incomes. The unanswered question is can our government survive or will our politicians and Wall Street receive there comeuppance?

3 votes

#4 - Mon Oct 3, 2011 5:15 PM EDT

kazutam

The equalization in the world will result in larger and larger ghetto's and greater and greater disparity in incomes.

I don't disagree with that.

Folks need to understand what is coming and position themselves accordingly.

I am in the process of trying to eliminate all of my debt(hard to do with the daughter leaning on me and needing things for the grandkids), so that when I can pull my retirement out it may be possible to purchase and startup a small farm. Not to make a profit, but to at least keep my family fed going forward.

If folks think things are bad now, they'd better hold onto their hats because I don't think that the worst has even happened yet. I see runaway inflation on the horizon.

2 votes

#4.1 - Tue Oct 4, 2011 9:42 AM EDT

Libertarian y2k

Plan for the worse and hope for the best. We are at a tipping point in our economic history. What will we do (or not do) and what impact will that have? The economy can be a fragile thing; much is based on confidence in our fiat system. Will we have a spiral downward dragging the world with us (or vice versa) ? Because once the bottom drops out it may grow like a snowball going downhill. We might avoid this if we act in the right manner now. I don't like the odds though.

2 votes

#4.2 - Tue Oct 4, 2011 10:02 AM EDT

Becks72

I hope the demonstrations on Wall Street send a message to our politicians and corporate executives that the average American is not happy with the status quot. We are in desperate need to stop the hemorrhaging of manufacturing jobs to third world countries and subsidizing corporation to outsource our jobs while paying outrageous salaries to those who rape our economy.
Wall street needs to look at more than just the next quarter and demand that stockholders receive dividends for their investments.

#5 - Tue Oct 4, 2011 11:38 AM EDT

Becks72

Myerson from the Washington post writes:

"Not all of the problems with the current American model of capitalism originate with banking. But Wall Street's growth has long come at the expense of productive enterprise, diverting dollars and talent from the business of making goods. Merely occupying Wall Street doesn't go remotely far enough. We need to diminish finance with regulations that would make our economy both more secure and more productive. Here's hoping the disparate groups of protesters come together, grow and stay in the streets. It will take a massive, vibrant protest movement to bring America's subservience to Wall Street to its overdue end."

1 vote

BECKS72

This is were your jobs have gone

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