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U.S. Labor Force: One Foot in the Third World
Chronicles Magazine ^ | Tuesday, June 07, 2005 | Paul Craig Roberts

Posted on 06/07/2005 8:14:42 PM PDT by A. Pole

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To: oceanview
Your example supposes that companies who work for the government carry them as their only clients. If a company relies solely on the government they are essential part of the government. Most companies (even small ones) attempt to have more than one contract so that they are diversified enough to survive. Your argument has merit but for a very small segment of companies. Most defense contractors do more than just government work (especially the larger corporations). Besides, it is not like the government is one large homogeneous client (heck, the DoD isn't a large homogeneous client), there is competition for work inside the beltway.

Cheers,
CSG

301 posted on 06/09/2005 4:13:48 AM PDT by CompSciGuy ("A fanatic is one who can't change his mind and won't change the subject." - Winston Churchill)
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To: Brilliant

GE is setting up facilities in China with the agreement that they must be manned with Chinese workers and that the technology is shared (and stolen by) the Chinese. World class facilities are being built to build machine tools, aerospace, power generation, etc. The multinational corporations are selling us down the river so that a few CEO's can become billionaires. Manufacturing creates a trickle down effect on the economy. You buy a widget, the widget maker buys machines and material, the machine builder buys machinery and material......The Wal-Mart and service economy creates no wealth or trickle down economic developement. The only way to save this country is to have a revolution and throw the two partys out of office.


302 posted on 06/09/2005 4:14:45 AM PDT by cp124 (They will buy what we don't make. - Globalist Manifesto)
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To: cp124

Possibly, but I think our most sensitive military secrets are not owned by GE, but rather by the federal government. GE might be giving away its own technology, and if that's the case, then the solution is for GE shareholders to fire their management.

Personally, I'm a stockholder in GE and a lot of other companies, and I always vote against management because they typically represent only their own interests.


303 posted on 06/09/2005 4:43:18 AM PDT by Brilliant
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To: jb6
I guess you missed the point that increasing the minimal wage also has an inflationary pressure on the rest of the market (not to mention it's a rather socialist edict you're pushing).

I'm not in favor of increasing the minimum wage. I'm not pushing any socialist edict.

304 posted on 06/09/2005 5:44:51 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: jb6
Union employees are less then 15% of the labor force and dropping, that excuse is worn out and tired.

Oceanview said "those 25000 GM workers who lose their auto jobs, they are going to be able to find other jobs at the same pay level. right?" That doesn't have anything to do with % of the labor force, it was a question about those GM employees.

As always, you and yours ignore the social costs that society has to pick up and pay, that out weigh the few dollars saved.

You and yours ignore the fact that despite job losses in the furniture industry, average real hourly wages have still risen since NAFTA.

305 posted on 06/09/2005 5:50:06 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: jb6; SwankyC
Walmart sucks up 10% of China's exports, that's roughly $20 billion a year

Hey Swanky, even your mathematically challenged buddy here says that WalMart's purchases from China are only $20 billion. Now if WalMart bought $220 billion last year, Chinese purchases made up about 9.1% of the total.

For you public school math students, 9.1% is less than 100%. I'd even go so far as to say much less than 100%.

306 posted on 06/09/2005 5:55:12 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: SwankyC

Really? Have you tried to purchase "made in USA" clothing lately?


307 posted on 06/09/2005 5:58:22 AM PDT by sauropod (De gustibus non est disputandum)
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To: Cacique

Correct analysis.


308 posted on 06/09/2005 5:59:38 AM PDT by sauropod (De gustibus non est disputandum)
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To: jb6
Yeah, I guess you missed the part about the government having to borrow $2.5 BILLION DAILY, 80% of which comes from foreign sources: primarly Japan and China.

Did you make this number up? Or do you just not know how to multiply and divide?

309 posted on 06/09/2005 6:00:02 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: Toddsterpatriot

Quote: Hey Swanky, even your mathematically challenged buddy here says that WalMart's purchases from China are only $20 billion. Now if WalMart bought $220 billion last year, Chinese purchases made up about 9.1% of the total


I'm going to use the argument that Paul Ross brought up that the 20 billion they bought is really 80 billion in the true US dollar equivalant.

My local walmart has way more than 10-15% of it's goods made in china. More like 65-75%.

Hey Toddster why won't you take me up on my bet that my local WM has 65-75% of it's products that say made in China on them??? You keep on hedging and make snide remarks.
I know I have won this bet. As before I will even pay you lodging and travel expnses. However bring $1000 in cash.


310 posted on 06/09/2005 6:12:36 AM PDT by superiorslots (Free Traitors are communist China's modern day "Useful Idiots")
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To: superiorslots
I'm going to use the argument that Paul Ross brought up that the 20 billion they bought is really 80 billion in the true US dollar equivalant.

Clueless!!! Paul Ross was talking about PPP. PPP involves living standards in China.

My local walmart has way more than 10-15% of it's goods made in china. More like 65-75%.

Everyone is aware of your poor counting skills.

Hey Toddster why won't you take me up on my bet that my local WM has 65-75% of it's products that say made in China on them???

The value of WalMart's purchases from China is less than 10% of total WalMart purchases.

I know I have won this bet.

You also knew the following :Also china holds the majority of our treasuries. In a sense they US by the balls. Oversmplication of course but bascially true in a nutshell.

75 posted on 03/31/2005 6:41:37 PM CST by superiorslots

We all know how that turned out, don't we?

311 posted on 06/09/2005 6:19:24 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: Toddsterpatriot
Did you make this number up? Or do you just not know how to multiply and divide?

Yeah, I see this is your typical response to things that get in the way of your Free Trade mantra, insult the other guy. Very "intellectual" of you. Good day to you and your delusional "reality".

312 posted on 06/09/2005 6:43:20 AM PDT by jb6 ( Free Haggai Sophia! Crusade!)
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To: Toddsterpatriot

Quote: The value of WalMart's purchases from China is less than 10% of total WalMart purchases.

You are the one clueless. Have you ever even been in a Walmart? I know you and your friends don't hang around the little people.

If you are so sure that WM only has 10% or less of it's product made in china why won't you take my up on my bet???

Any sane person can go to their local WM and see the % of product made in china (Min 65%).

WM is the one posting funny numbers.

Toddster you are so chicken sh*t and you know it.


313 posted on 06/09/2005 6:44:24 AM PDT by superiorslots (Free Traitors are communist China's modern day "Useful Idiots")
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To: Toddsterpatriot
You and yours ignore the fact that despite job losses in the furniture industry, average real hourly wages have still risen since NAFTA.

How are the median wages, what is the distribution of these wages (across different types of jobs), what about people without the wages and how is the cost of living?

314 posted on 06/09/2005 6:47:55 AM PDT by A. Pole (M. Boskin: "It doesn't make any difference whether a country makes potato chips or computer chips!")
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To: jb6
Yeah, I see this is your typical response to things that get in the way of your Free Trade mantra, insult the other guy.

It's an insult to show you can't multiply?

315 posted on 06/09/2005 6:49:13 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: superiorslots


TO ALL:

I'm remaking my bet with toddster. His contention is that 10% or less of the products in a WM are made in China. I say a minimimum of 65% and I bet $1000 I am correct. However he won't take me up on my bet and always comes back with insults and snide remarks.

Also toddster why did you use the word "arse" in one thread a while back? Are you even American?? I do not know one red blooded american than uses the word Arse. Of course I guess I am oneof the little people and not the novou (sic) rich.


316 posted on 06/09/2005 6:49:16 AM PDT by superiorslots (Free Traitors are communist China's modern day "Useful Idiots")
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To: superiorslots
Any sane person can go to their local WM and see the % of product made in china (Min 65%).

How many different items does a typical WalMart stock?

317 posted on 06/09/2005 6:50:18 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: A. Pole
How are the median wages, what is the distribution of these wages (across different types of jobs), what about people without the wages and how is the cost of living?

These are all good questions. Please ping me when you post the answers.

318 posted on 06/09/2005 6:51:34 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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To: Toddsterpatriot
You and yours ignore the fact that despite job losses in the furniture industry, average real hourly wages have still risen since NAFTA.

Have you adjusted that for the top 10%? Or the top 5%? Or the top 2% ouliers? Oh or don't we know enough about Statistics to understand that radical outliers will skew the whole average? Or maybe you do and don't feel like seeing the real results? I'm betting on the last.

319 posted on 06/09/2005 6:52:45 AM PDT by jb6 ( Free Haggai Sophia! Crusade!)
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To: superiorslots
Also toddster why did you use the word "arse" in one thread a while back?

I posted arse because I thought it was rude to use the word ass. Any more "facts" you want to pull out of your ass?

320 posted on 06/09/2005 6:53:30 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and <B>E.P.I.</B> please stop calling yourself a conservative!!)
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