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The future's bright . . . but not for lawyers and accountants
Telegraph ^ | By Edmund Conway

Posted on 05/13/2007 6:19:03 AM PDT by mom4kittys

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To: SamAdams76
"The doom-and-gloomers simply have no explanation how it can be that the unemployment rate is all all-time lows ..."

Hey easy. They have to get two jobs to replace the income lost plus Mom has to hit the bricks to support the family.

Voters decide how their economy is doing. Majority wins.

21 posted on 05/13/2007 7:15:07 AM PDT by ex-snook ("But above all things, truth beareth away the victory.")
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To: Obie Wan
"A future with no lawyers or accountants,come on your just trying to make us feel good right ???

Binder's prediction is that the lawyers that do the thankless back-office work (writing contracts, etc) will get outsourced (i.e. the "real work"). We won't be able to get rid of the real losers: Trial Lawyers. Their numbers may actually multiply since the back-office costs (cost of doing business) will decrease, freeing up more juice to grow the business.
22 posted on 05/13/2007 7:25:05 AM PDT by indthkr
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To: indthkr

Well tort reform might help in this area !!!


23 posted on 05/13/2007 7:31:57 AM PDT by Obie Wan
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To: M. Dodge Thomas
For a few months there was a guy working the electronics aisles at the local HD who had been a lawyer writing patent applications for companies like 3COM and Motorola. He used to do 2-3 a week at around 2K each, they are now written in India for $200, overnight turn-around.

I would score this as an advance, not a loss.

24 posted on 05/13/2007 7:37:32 AM PDT by sphinx
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To: martin_fierro
I think one factor that will eventually begin evening the playing field is that all those Indian service workers were first thrilled to commute from tiny rented rooms to tiny cubicles and get paid a pittance for working all night.

As India becomes more prosperous, those service workers are no longer satisfied with tiny rented rooms, they want nice apartments in a better part of town, and cars to get to work. Soon they demand better pay and benefits and larger cubicles. Health care, 401K, perks.

At first the Indian outsourcers may just replace demanding workers with other new grateful ones, but eventually as the Indian economy skyrockets and they become just like us, outsourcing will become considerably more expensive.

The Indians may just have to outsource jobs back to us...in tiny cubicles, working for a pittance all night, of course.

25 posted on 05/13/2007 7:38:19 AM PDT by Sender ("America is at that awkward stage..." - Claire Wolfe)
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To: Halgr

That’s how they are destroying America; by destroying the middle class.


26 posted on 05/13/2007 7:38:36 AM PDT by freekitty
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To: ex-snook
Voters decide how their economy is doing. Majority wins.

Then the solution is simple. Elect a democrat president and all the voters will hear for the next four years is "greatest economy in the world."

Voter perceptions are important. What is interesting in surveys over the last few years, however, is the gap between voters' assessments of their own situations vs. their perception of how the nation as a whole is doing. People are much more apprehensive about the nation's direction than their own prospects. This reflects the relentless negativity of the media during the Bush incumbency.

The same phenomenon has been true for many years with regard to crime statistics. People routinely estimate crime to be significantly higher than it is based on sensationalized reporting.

27 posted on 05/13/2007 7:47:04 AM PDT by sphinx
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To: SamAdams76
I love reading these dire predictions that time after time always turn out to be totally false. For example, the faster our jobs are "outsourced", the faster our unemployment rate drops! ...

At last, a sane voice in this sea of despair. You are right on the nose. I will start worrying about "lost jobs" when we run out of work that needs to be done in this country. Since that will never happen, there being no end of things that could be done if we just had the time and energy to do them, I sleep easy.

As you point out, this is not a zero sum game. The reason outsourcing doesn't hurt us is the same reason cutting taxes doesn't hurt government. Cutting taxes frees up capital and it finds a better home. Free up people and they find something better to do. I would think that would be obvious.

Freepers: Read SamAdams76's post and forget the rest.

28 posted on 05/13/2007 7:47:11 AM PDT by InterceptPoint
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To: ex-snook

I don’t think the unemployment figures are any more reliable than the illegal immigration figures are. If the 4.5% unemployment figure is right I would be shocked. Since the majority if construction jobs are done by independent contractors and illegal aliens now, neither is reported in unemployment statistics. Now that homebuilding is in the tank,there is no way unemployment figures are correct. This is the first time in over twenty years I’ve seen the building business this bad in our area; even when unemployment was in the 6-7% range.


29 posted on 05/13/2007 7:51:34 AM PDT by KyHammer ( If they say they want you dead, believe it.)
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To: SamAdams76

I really don’t care for other peoples “Predictions”....past, present or future....Free Trade requires a level playing field.....and our economy can’t survive under those circumstances.

America has lost its manufacturing base and is becoming a service economy....that will not support our current standard of living.

I was a manufacturing accountant (Cost) for 15 years....now my particular nitch is gone....I have been bought out or hostile take over’ed 5 times. And when I attempted to switch careers, I was too old even though I got a Masters Degree in 2001....

Additionally today’s unemployment and “Under-Employment” numbers are works of fiction.

I could go on....but I don’t have the interest or the time.

Gotta get back to flipping hamburgers.


30 posted on 05/13/2007 8:01:23 AM PDT by Halgr (Once a Marine, always a Marine - Semper Fi)
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To: sphinx
"This reflects the relentless negativity of the media during the Bush incumbency.".

People will vote their personal economic reality not their national perceptions. Bush was elected twice. His Iraq mistakes color his incumbency now.

31 posted on 05/13/2007 8:02:55 AM PDT by ex-snook ("But above all things, truth beareth away the victory.")
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To: InterceptPoint

I think you and samadams76 are out to lunch perhaps even on another planet.

I personally know literally hundreds of degreed people who are working in call centers making 10 bucks an hour (or less) and those same people were once making much more 10+ years and more ago.


32 posted on 05/13/2007 8:10:38 AM PDT by Halgr (Once a Marine, always a Marine - Semper Fi)
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To: mom4kittys
Clearly, for example, most of the health profession will still have to remain in situ.

Not necessarily. Exams could be done by a nurse, with the doctor looking at the patient via Internet hi-definition webcam.

Personal service sounds safe until you consider that you need SOMEBODY in the economy producing exportable goods & services to pay for imported goods, otherwise there will be no money to pay personal service workers.

And you gotta think that the next stage for the illegal immigrants increasingly flocking to the construction industry will involve doing plumbing and home repair. The illegal immigrant Fort Dix Jihadis had a roofing business

33 posted on 05/13/2007 8:13:53 AM PDT by SauronOfMordor (<a href="http://www.youtube.com/watch?v=ymLJz3N8ayI">Open Season</a> rocks)
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To: Halgr
I personally know literally hundreds of degreed people who are working in call centers making 10 bucks an hour (or less) and those same people were once making much more 10+ years and more ago.

I have to say that an appreciable fraction of the people that I know who had good jobs 10 years ago don't now have such jobs.

Not all, certainly, and not even a majority. But enough people are either unemployed or working at jobs well below their capabilities (and well below their previous salaries) that I think it is a worrisome trend.

34 posted on 05/13/2007 8:16:14 AM PDT by snowsislander
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To: stefanbatory
How does one prepare? What job does one prepare for that is not subject to being offshored? Think not just about people like you and me. Think about the average 50 year old man with a high school education and 30 years experience in the manufacturing and other types of jobs being outsourced. What do you tell him to do?
35 posted on 05/13/2007 8:17:07 AM PDT by Iwo Jima ("Close the border. Then we'll talk.")
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To: Malacoda
Isn't our Cngress completely infested with lawyers? Aren't something like 2/3rds of Congresscritters lawyers?

Closer to 90%, or so I've read.

36 posted on 05/13/2007 8:30:18 AM PDT by Max in Utah (WWBFD? "What Would Ben Franklin Do?")
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To: mom4kittys

All knowledge-only jobs will be replaced by AIs within the next 30 years.


37 posted on 05/13/2007 8:43:10 AM PDT by pabianice
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To: Iwo Jima

What do you tell him to do?

Start his own business.


38 posted on 05/13/2007 8:45:01 AM PDT by durasell (!)
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To: ex-snook

bump.


39 posted on 05/13/2007 8:49:00 AM PDT by khnyny
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To: SamAdams76

One good thing about sending Lawyers and Accountants over seas would be less opposition to tort reform and tax reform.

One reason we don’t do away with the income tax is because so many jobs depend on the complexity of the tax code.

Put the jobs over seas and fewer would care.

John


40 posted on 05/13/2007 8:56:10 AM PDT by Diggity
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