U.S. receiving more 'outsourced' jobs than it's losing

Bloomberg ^ | 04/02/04 | Art Pine

[Ciexyz]

"Good news" bump.

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[Shermy]

more jobs are coming the other way, according to government estimates and trade analysts.

And this writer doesn't grace us with the statistic or estimate of his premise. Instead we get a flurry of info that doesn't prove anything about the premise, but wants to appear as such. Just more disinformation.

Don't worry, be happy...

[Sweet Land]

The movement of U.S. jobs abroad "has been blown out of proportion" mainly because domestic companies in the United States have been slow to increase hiring, said Martin Baily, chairman of former President Bill Clinton's Council of Economic Advisers. "There was lots of offshoring going on in the 1990s, but job growth was so strong in the U.S. that nobody really took much notice."

While reliable figures aren't available for the last two years, the Commerce Department estimated on March 18 that the number of Americans employed by U.S. affiliates of majority non-U.S. companies grew by 4.7 million from 1997 through 2001. In the same period, the number of non-Americans working at affiliates of majority-U.S. companies abroad rose by 2.8 million.

So I guess according to the Rats and Buchananites, *we* must be the bad guys.

[monday]

So where are all those whining weenies, worried about jobs, at now? It never fails to amaze me how people who would be outraged if you told them how to conduct their business, never the less, will tell you with a clear conscience, how the government should step in and regulate how and where other companies can operate. Is this still a free country or what?

[Shermy]

Even companies from India are creating jobs in the United States. India's Essel Propack, the world's largest maker of laminated tubes for packaging consumer products, based in Mumbai, is adding 50 positions to its toothpaste tube manufacturing plant in Danville, Va.

Worth a reread. this is the best he can do, 50 toothpaste jobs? What a laugher.

[1rudeboy]

Let us know when you finish reading. Better yet, don't bother.

[Codeflier]

Maybe if you spent as much time doing something productive as you do worrying about job outsourcing, you would be gainfully employed.

[Cold Heat]

Outsourcing is a total "red herring", EXCEPT from a security standpoint.

These things DO need to be looked into.

[motzman]

Here ya go, kid

[Shermy]

Thanks for the pic, but I'd rather closely read the article.

[ex-snook]

""I think it's a great opportunity," Bell said of the arrival of Munich-based BMW and other non-U.S. companies in South Carolina in recent years. "We've seen a big explosion" of jobs offered by overseas employers, he said in an interview. "

Just one question. Do these BMW's get shipped back to Germany like the outsourced HP products get shipped back to here?

[kjam22]

The real productive thing to do would be to sit at home and buy stock in companies who are moving their manufacturing jobs to asia or mexico. Nice short term profits, for easy quick gains. And there's enough of them to keep you busy investing for a while.

[1rudeboy]

For the record, your concern in your reply #4 is addressed in paragraph ten, and #7 in eight. There is a downside to only reading the beginning and end of an article, as you are discovering.

[1rudeboy]

The BMW plant exports almost half of its finished product.

[Cronos]

Do these BMW's get shipped back to Germany like the outsourced HP products get shipped back to here?

Err... Yeah they do. American workers are cheaper than their German counterparts.

[1rudeboy]

As a matter of fact, the Spartanburg plant is the only source of Z3's in the world.

[1rudeboy]

Don't you get tired of slapping-down that "we don't export anything, anywhere, anymore" myth? By the time I eat dinner tonight, someone else will have resurrected it.

[1rudeboy]

And don't forget the notorious corollary, the "well, we build it here but the parts come from elsewhere" myth.