As India and China rise to first world status, the US falls to
third world status where the only jobs are in domestic services.
I have been trying to fill 4 technical jobs for 4 months. No one, with the qualifications, seems to be looking. I know that is anecdotal but I know of many other's having the same problem all over the US.
I don't buy the "third world direction we're headed for" BS at all.
So they are willing to work for the same price?
Basic economics.
We wouldn't have Mexican people working on lawn care if it paid $40M a year would we?
Price yourself out of the market and then cry about those willing to work for less.
As India and China rise to first world status, the US falls to
third world status where the only jobs are in domestic services.
This is the one issue that the dems have that they can gain traction on. My question is why are they not using it?
From the article:
As India and China rise to first world status, the US falls to third world status where the only jobs are in domestic services.
Well said and true.
We should export these guys, let them regulate foreign countries to death (or at least to the same level our businesses are). While they're gone, privatize most of what government does and save ourselves billions in the process (while improving service many fold).
I guess that explains why we have 5.2% unemployment.
NOT
Maybe we should be more like Europe (protect jobs by law) so we can have over 10% unemployment too.
America's future in a nutshell.
Great article. Now all the self-appointed bush-bot economists will descend on the thread and flame this guy...
In many cases the root cause can be assigned to unreasonable union demands.
To add insult to injury, last year, when thousands of American High tech workers were unemployed, they increased the H1-B cap 20,000. Bastards.
The Honorable Paul Craig Roberts is a senior fellow at the Hoover Institution, John M. Olin Fellow at the Institute for Political Economy, and research fellow at the Independent Institute.
A former editor and columnist for the Wall Street Journal and columnist for Business Week and the Scripps Howard News Service, he is a nationally syndicated columnist for Creators Syndicate in Los Angeles and a columnist for Investor's Business Daily. In 1992, he received the Warren Brookes Award for Excellence in Journalism. In 1993, the Forbes Media Guide ranked him as one of its top seven journalists.
Roberts was a distinguished fellow at the Cato Institute from 1993 to 1996. From 1982 through 1993, he held the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies. During 1981–82, he served as assistant secretary of the Treasury for economic policy. President Ronald Reagan and Treasury secretary Donald Regan credited him with a major role in the Economic Recovery Tax Act of 1981, and he was awarded the Treasury Department's Meritorious Service Award for "his outstanding contributions to the formulation of United States economic policy." From 1975 to 1978, Roberts served on the congressional staff, where he drafted the Kemp-Roth bill and played a leading role in developing bipartisan support for a supply-side economic policy.
In 1987 the French government recognized Roberts as "the artisan of a renewal in economic science and policy after half a century of state interventionism" and inducted him into the Legion of Honor.
Roberts's books include The Tyranny of Good Intentions, coauthored with IPE fellow Lawrence Stratton (Prima Publishing, 2000); Chile: Two Visions—the Allende-Pinochet Era, coauthored with IPE fellow Karen Araujo (Universidad Nacional Andres Bello, 2000); The Capitalist Revolution in Latin America, coauthored with IPE fellow Karen LaFollette Araujo (Oxford University Press, 1997; in Spanish, 1999); The New Colorline: How Quotas and Privilege Destroy Democracy, coauthored with Lawrence Stratton (Regnery, 1995; in paperback, 1997); Meltdown: Inside the Soviet Economy, coauthored with Karen LaFollette (Cato Institute, 1990). Roberts's The Supply-Side Revolution (Harvard University Press, 1984) was praised by Forbes as "a timely masterpiece that will have real impact on economic thinking in the years ahead." Roberts is also the author of Alienation and the Soviet Economy (1971; republished in 1990) and Marx's Theory of Exchange, Alienation and Crisis (1973; republished in 1983; in Spanish, 1974).
Roberts has contributed chapters to numerous books and has published many articles in journals of scholarship, including the Journal of Political Economy, Oxford Economic Papers, Journal of Law and Economics, Studies in Banking and Finance, Journal of Monetary Economics, Public Finance Quarterly, Public Choice, Classica et Mediaevalia, Ethics, Slavic Review, Soviet Studies, Cardoza Law Review, the Independent Review, Rivista de Political Economica, and Zeitschrift fur Wirtschafspolitik. He has entries in the McGraw-Hill Encyclopedia of Economics and the New Palgrave Dictionary of Money and Finance. He has contributed to Commentary, the Public Interest, the National Interest, Harper's, the New York Times, the Washington Post, the Los Angeles Times, Fortune, London Times, the Financial Times, Times Literary Supplement, the Spectator, Il Sole 24 Ore, Le Figaro, Liberation, and the Nihon Keizai Shimbun. He has testified before committees of Congress on 30 occasions.
Roberts is listed in Who's Who in America, Who's Who in the World, the Dictionary of International Biography, Outstanding People of the Twentieth Century, and 1000 Leaders of World Influence.
Roberts has held numerous academic appointments and is a director of A. Schulman and the Value Line Investment Funds.
Roberts was educated at the Georgia Institute of Technology (B.S.), the University of Virginia (Ph.D.), the University of California at Berkeley and Oxford University, where he was a member of Merton College.
source: http://www-hoover.stanford.edu/bios/roberts.html
There ya have it. Choke on it.
Ahh, I hear the free traitors talking already. Selling America down the Ganges.
Jobs is jobs.
Don't forget the labor studies department at Northeastern University study.
During the 2000 to 2004 "jobless recovery" at least 2.5 million "recent" immigrants obtained jobs. The study did not distinguish bewteeen legal and ILLEGAL immigrants. About 800,000 citizens and established immigrants lost jobs during that period. Foreign Immigration and the Labor Force of the U.S.: The Contributions of New Foreign Immigration to the Growth of the Nation's Labor Force and Its Employed Population, 2000 to 2004 by the Center for Labor Market Studies, Northeastern University
As India and China [and other emerging nations] rise to first world status, the US falls to third world status
That's the plan of the Davos crowd: Republican "free traders," New Democrat Third Way progressives, and their international elite comrades.
Corporations have plenty of cash but won't invest it in productive enterprise because of foreign competition so they acquire other corporations. M&A activity is way up.
The Chinese/Japanese are at war with us by refusing to re-value their currencies.
We are looking at Stagflation, Part II.
BUMP
Bump for later.
bump
Yet, more Americans are employed than at any time in our nation's history.