WHERE DID ALL THE JOBS GO?

Chronicles [Extra] ^ | February 24, 2004 | Paul Craig Roberts

[A. Pole]

Outsourcing platforms, especially the knowledge jobs platforms in India, are commissioning U.S. think tanks and consultants to do "independent" studies that prove "outsourcing is good for the U.S." Certainly, the people who are benefiting from outsourcing want us to think it is good for us.

Independent studies bump.

[kaktuskid]

Read the HOUSEHOLD employment figures..more people are working at home and for themselves!

[international american]

BUMP

[bolobaby]

"Read the HOUSEHOLD employment figures..more people are working at home and for themselves!"

Uh... that's not exactly what the household survey means. The household survey just means that when you ask people if they are working, more say "yes." The establishment survey doesn't capture all the places they might be working. They MAY be working at home, but they could be working in a new business (establishment) that hasn't been covered by the establishment survey yet.

[Jim Robinson]

Down with capitalism!! Down with dirty rotten profiteers!! LOL

[AreaMan]

Baumol show that it very much matters which industries and occupations countries retain.

Nah....We can all have great lives as consultants or baristas.

[PRND21]

The restaurant construction business is BOOMING in SoCal.

[Clintonfatigued]

The people who commission and conduct these "studies" should be told to bump off.

[AreaMan]

The restaurant construction business is BOOMING in SoCal.

Whew, what a relief. Why should I waste my time in Grad School when I can just wait for my future employer to finish building his franchise.

Yes, I would like fries with that student loan payment, thank you.

[reformedliberal]

Welcome!

Can you talk some sense into these guys?

[PhilipFreneau]

Please remove my name from your list.

[keithtoo]

Are you a Republican or a Republican't?

Call me a 'two years of working at jobs just to pay the mortgage and my kids private school tuition, and finally in the last 2 months, finding a 'real' job with a real salary kinda guy".

I NEVER stopped working long enuf to B#tch!!!

[PRND21]

Yes, I would like fries with that student loan payment, thank you.

Fries? Try again. And you'll need the Grad school if you're not talented.

[Jorge]

Where has employment grown?

The unemployment rate has dropped from around 6.4 percent less than a year ago to 5.6 percent.

This is the lowest unemployment rate in two years and below the average of the 1980s (7.3 percent) and '90s (5.8 percent), and still continues to drop.

[AreaMan]

Fries? Try again. And you'll need the Grad school if you're not talented

You're right, what was I thinking, I'll have onion rings.

As for Grad School, even that may not help.

[AreaMan]

The unemployment rate has dropped from around 6.4 percent less than a year ago to 5.6 percent.

An engineer who is 50 and was paid $60-90K/yr gets canned (because the company offshored his job to India or Philippines for $40k/year) now gets a job doing (you name it) for $45k/yr.

New jobs in (name the industry) are created but the pay is less than it was last year.

Has unemployment has gone down? Yes.

[optimistically_conservative]

This is hardly an independant group, study, or report. This is a first person rant. The group is a liberal economic think tank: http://www.mbginfosvcs.com/

The claim that 57,000 net new jobs have been produced in the last 12 months belies the bias of this apocalyptic creed.

During the past 12 months, the second year of economic recovery, the U.S. economy eked out 57,000 net new jobs in nontradable low-pay services, leaving the economy millions of jobs short of normal performance.

"This is not a picture of an economy that is doing well. Low income jobs in nontradable services are the only sources of employment, while high value-added jobs that pay good incomes continue to disappear."

You can find this exact same quote from the 80s being used against Reagan.

[Mr. Buzzcut]

I'm in software ... during the "bubble", there were a ton of people hired who had only recently read "HTML for Dummies". I don't suspect their jobs are coming back.

[A. Pole]

Please remove my name from your list.

Done.