Job cut announcements up 43%

CNN Money ^ | Aug 5, 2003 | Mark Gongloff,

[ex-snook]

NEW YORK (CNN/Money) - U.S. job-cut announcements jumped in July to their highest level in three months, an outplacement firm said Tuesday, another sign that the longest job-market slump since World War II continues.

U.S. employers announced 85,117 job cuts in July, a 43 percent jump from 59,715 in June, according to Chicago-based outplacement firm Challenger Gray & Christmas, which publishes monthly tallies of job-cut announcements.

[PatrioticAmerican]

"I am a firm believer in the apprentice system that gives a beginner a entry level wage that rarely is actually earned.
"

So do the communists an unionists.

[PatrioticAmerican]

I think you right. There will be a two party vote next year.

Now, who in those two parties will actually represent Americans?

[GraniteStateConservative]

They, of course, ignore the huge social costs of the elimination of the middle-class that will send their taxes through the stratosphere.

We can still eat cake, though.

[Cold Heat]

So do the communists an unionists.

LOL! Now that is an argument that cannot be backed up.

First of all, Communism died a while back. What we have now are socialists who believe the corporations have no right to profits.

Secondly, entry level wages are not a union idea at all and they hate the premise. They believe that one man is as good as another and should be paid the same regardless.

This is why the H1-bs and other hard working folks are having so much success.

Management will reward them as soon as they prove themselves and not the other way around. Those who put in efforts will receive benefits in proportion to their contribution to the bottom line.

This is the way it generally should work. Communism has a totally different belief regarding this premise.

[null and void]

I am a firm believer in the apprentice system that gives a beginner a entry level wage that rarely is actually earned.

Strangely, I started in wafer fab working below minimum wage. Best decision I ever made! My boss missed his calling as a teacher, even now - 30 years later - a goodly fraction of what I know about processing silicon he taught me.

(Now if I could just find a job to end this year long dry spell)...

[Jhoffa_]

..it's something like marketing. Perot saw a need and filled it..

Exactly.

This is America, people get rich by realizing these kinds of lapses in the market.

If there was no place for Perot, he wouldn't have gotten squat. He obviously found a niche; issues that mattered to voters that weren't being addressed by the other candidates.

I can't blame him for that & he earned those votes fair and square, imo.

If there's any blame to be laid, I think it should be put right at the feet of the voters disenfranchised by the major party candidates.

[null and void]

If there's any blame to be laid, I think it should be put right at the feet of the voters disenfranchised by the major party candidates.

Naturally! It clearly wouldn't lie with the politicians doing the disenfranchising.

It must be those eeeeeevil voters who said "You refuse to listen to me, I refuse to vote for you."

If we only had obedient serfs our politicians could get 100% votes, just like Saddam...

[Jhoffa_]

If there's any blame to be laid, I think it should be put right at the feet of the voters disenfranchised by the major party candidates.

Naturally! It clearly wouldn't lie with the politicians doing the disenfranchising.

LOL! TYPO! TYPO! WHOOP! WHOOP!

I meant to say: (ahem)

"If there's any blame to be laid, I think it should be put right at the feet of the major party candidates who disenfranchised the voters."

Apologies!

[null and void]

LOL! Thought so. It didn't fit very well with your typical posts...

[Jhoffa_]

NO, by no means!

I completely screwed that one up!

(Maybe the mantra has finally settled in on some, subconcious level? Freudian slip?)

[eldoradude]

I don't know what the rates are where you live, but around here the Mexicans get $10-12 per hour in cash to "do things around the house".

Well, the mexicans around here don't get that much. They get less than the CA minimum wage of $6.75. The dirtbag across the street hires them to do the dirty work - he's a plumbing contractor, and pays them $5 an hour, when he feels like it. They're always hanging out early Saturday mornings, hoping to get paid.

Anyway, I was referring to the H1-B IT workers, here from India thanks to Diane "I'm a Slumlord" Feinstein. They are encouraged to work 70-80 hours per week for a salary of $15,000 - 20,000 per year. If they complain, no more job and they must go home. It's still a lot more than they would earn in India.

If you work it out on an hourly basis, with 40 hours straight time, 40 to 60 hours at time-and-a-half, and 60 to 80 hours at double-time, you get 110 hours straight time pay per week. $15,000/52 weeks = $288.46 per week. $288.46/110 hours = $2.62 per hour, so $3 was a rough guesstimate.

What makes me sick is the Yuppie who get's out of school and demands 50-60k to begin his/her career with no track record, no experiance, no real hands on knowledge and driving a brand new car for which a high monthly note must be paid. (stupid lease) I am a firm believer in the apprentice system that gives a beginner a entry level wage that rarely is actually earned.

I couldn't agree with you more. Some of these college gridiots take a year or more to learn how to do anything useful, other than fetch the coffee. I said fetch, not make, they don't know how...one little foil packet per pot leaves you with brownish water, sorta like if coffee was made in China quality.

[lelio]

Dittos on your post. I wasn't inclined to include Republicans on the illegals are okay in our country till I listened to a report on migrant workers during Pete Wilson's stewardship of California. It dawned on me: illegal immigrations works for both sides. For democrats it means a source of (illegal, or maybe now legal) votes and a power base to lavish goods on. For republicans it means cheaper goods and services and a bogeyman to bring up in election time to rally the troops. Hurt in all this are the Mexicans that come to America and the Americans they displace.