Posted on 06/07/2005 8:14:42 PM PDT by A. Pole
Riddle me this: if the experience and the tech is overseas, how are we going to be more innovative, especially with our levels of engineers and engineering students falling.
Lawyers and burger flippers aren't too innovative in tech. As for productivity, that's exportable too, especially when its tech driven.
You said you're getting an MBA? Does that include math classes? How do you figure that the US government is borrowing $2.5 billion a day?
Based on PPP "Purchasing Power Parity" measures, it is. The Chinese, in terms of exported goods, in tonnages, and based on PPP, already brag that they are a bigger industrial economy than the U.S.
Nice chart (couldn't you get one from E.P.I.?), that makes us a debt ridden beggar?
You should, in intellectual honesty, admit that it does support the contention rather well. As for its sourcing, you sound disappointed. Not going to give you the grounds for ad hominems. I could go look for one, but why should I?
If you say so.
Services and goods? Those are free?
Who said anything about free? Companies pay taxes, government provides services.
Those are charged for and subsidized by the consumer. In other words, empty investment into Corporate Welfare.
Goods are subsidized by the consumer? You're not making any sense. Well, less than usual.
Taxes? Only on money repatriated to the US. Most of that cash gets spent on cost of goods sold and resunk overseas into more investments.
So there is no profit made in the US? No taxes paid for SocSec? No property taxes, sales taxes, taxes on dividends paid to American stockholders?
Keep trying.
You first.
Please explain Purchasing Power Parity, because I don't think it means what you think it means.
You should, in intellectual honesty, admit that it does support the contention rather well.
Supports the contention that the US is a debt ridden beggar? I guess that depends on your definition of debt ridden. What's your definition?
Well, US wages are usually denominated in US dollars.Which gained about 10% against the Euro over the last 3 months.
So how do you explain non-computer sections that are the same as before or are expanding?
Pretty charts. Do you have a point?
My goodness, you give up so easily.
Look, if the "experience and tech" were overseas, we would be in the same position as the Chinese and Indiansthat is, we would have to play catch up. But we are not in that position. As I indicated in a previous post, we are so far ahead of the Third World that all this scaremongering is ludicrous. The Chinese and Indians are having to catch up with us, not the other way around.
That is no reason to become complacent. To stay ahead, we must adapt to changing world conditionssomething Americans used to excel at doing. It will not do to give up and declare the whole situation to be hopeless. Or to appeal to the government to shield us from "unfair" competition.
. . . especially with our levels of engineers and engineering students falling. Lawyers and burger flippers aren't too innovative in tech. As for productivity, that's exportable too, especially when its tech driven.
I would like to see more of our students majoring in engineering. That is less likely to happen if they listen to all the nonsense about the engineering jobs going overseas.
I would not disdain "burger flippers"some of the most technology-savvy companies are in the food industries. On the other hand, feel free to say nasty things about lawyers. One of our biggest problems is that we lead the world in litigation.
Check out #227. Do you have that chart of sunspot activity? Sunspots increased because of NAFTA, right?
BTW, remember this Chinese nationalist character...he gives an idea what the Chinese think...they are true believers in the PPP:
Check this sample opinion from Sino-Maniacal egotists at AsiaWind.com out:
China will be number one
Author: Li333
Date: 10-14-04 09:13
"According to the 1992 CIA factbook, the real GNP of China in terms of purchasing power parity was already one half of the GNP of America back in 1992.
Since 1992, the GNP of China has tripled, it is now 3 times bigger than in 1992, whereas the GNP of America has only increased by one third since 1992.
In other words, the real GNP of China in terms of purchasing power parity is already bigger than the GNP of America.
Actually, the real GNP of China overtook the GNP of America in 2002.
Now, when the GNP of Japan overtook the GNP of Germany in 1968, every newspaper published the news around the world.
How come that, in 2002, when the GNP of China overtook the GNP of America, no newspapers published the news around the world? Why the discrimination against China?
By 2010, the real GNP of China will be 2 times bigger than the GNP of America.
By 2020, the real GNP of China will be 4 times bigger than the GNP of America.
By 2030, the real GNP of China will be 6 times bigger than the GNP of America, and the income per capita, the GNP per capita in China will be higher than the GNP per capita in America. In other words, Chinese incomes and wages will be higher than American wages in 2030, just as Japanese wages are already higher than American wages today.
By 2030, the average Chinese will be more wealthy and better educated than the average American.
China will be 5 or 6 times bigger and stronger than America very soon, and the world will have to stop looking down upon the Chinese people.
We can predict a future world where China will dominate financially, economically, militarily, in science and technology, culturally, with the Chinese language replacing the English language as the most important international language, with school kids in America learning Chinese as a foreign language ( and Chinese kids in China not needing to learn English anymore, since the American kids will know how to speak Chinese anyway ), with China dominating the world of media and entertainment, with Chinese movies, Chinese music and Chinese fashion designs spreading Chinese influence all over the world.
China will be number one."
Fine. So what is you advice for American workers? How can they compete with the Chinese and Indian workers who have less living expenses?
You have convinced methe situation is hopeless. Hence my advice to American workers is to climb the nearest mountain, bridge, or tall building and jump off.
Not really.
If the problem is living expenses that are too high, then the answer is simple: reduce your expenses.
The Euro was worth $1.20 when it was created. What's it worth today?
BTW, remember this Chinese nationalist character...he gives an idea what the Chinese think...they are true believers in the PPP:
I love it when you quote commies. So, you won't explain to everyone what PPP means to you?
Wrong, we are still tredding water because we have people with experience. Unfortunetly the newest stuff is now leaving in droves, so that experience will diminish and peter out, especially as the replacement engineers will have less experience to gain.
My x-roommate who worked in development for Intel is a good example. His whole research department is now in Nizhni Novograd, he barely found a support job in Portland with Intel. Sybus moved their entire IT department to India and competitor Oracle hasn't been to far behind.
This is a good one.
Even 10 years after NAFTA total wages and salaries grew by 4% last year.
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