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To: Toddsterpatriot
RE: "Well, from my previous posts, manufacturing output up 40% between 1994 and 2000. With slightly lower manufacturing employment."

Yes, I have seen them and news sources including talk radio. I attempted to address them. One was the hedonic question and the other was "imported productivity."

To wit, I suggested that the manufacturing portion of GDP is inflated -- I provided a quote from an officail of NAM who flatly stated that without it there would have been little or no increase in those years -- and I referenced offshoring as explained by economist Stephen Roach as a possible reason for some of labor's productivity increases in recent years.

(Something that I will never understand, though. Mr. Roach's name invokes strings of epithets here on FR, I can understand disagreement -- but some just scream insults. Go figure.)

RE: "And we still created 2 million net new jobs in the last 12 months."

Now you are in an area where there are studies and impartial numbers.

Studies by Northeastern U., Pew Hispanic Center, and the Center for Immigration Studies all state that "recent" immigrants are taking large numbers of those jobs away from citizens. Yes, the jobs are there and that's very good news! But there's more to being a Nation than "cheap" labor, IMO.

765 posted on 01/06/2006 7:16:54 AM PST by WilliamofCarmichael (Hillary is the she in shenanigans.)
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To: All
A follow up on my reply #765

If hedonic inflation of manufacturing in the GDP is a fact, why is it so important? What's the big deal? It sort of makes sense.

Besides, our GDP is streaking upward even without it.

Well, IMO it's a feel good, public opinion ruse adopted in the Clinton years -- focus groups, you know. They like good economic news -- and they would be greatly disturbed by seeing hard figures showing leakage -- the very leakage that the Clinton New Democrat Third Way pukes pushed hard for.

That is, sending technology, wealth and production to developing countries. The Davos world as some call it.

Some call 'em traitors those businessmen who rush to get offshore -- Lenin called them useful idiots. What do you think the Third Way is about?

766 posted on 01/06/2006 7:29:43 AM PST by WilliamofCarmichael (Hillary is the she in shenanigans.)
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