Skip to comments.Globalization Creates Unemployment, American Job Losses Are Permanent
Posted on 10/28/2010 6:37:50 PM PDT by blam
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Hasn't the 'off-shoring' of jobs accomplished the same thing?
Who is orchestrating this crap? Is it all the 'linked' groups that Glenn Beck talks about?
India spends a LOT of money on lobbyists in Washington. Perhaps us Americans should start doing the same.
What we have allowed to happen to this country with our manufacturing base has been an absolute disaster. Only a koolaid drinker of some kind could look around at what has happened during the past 15-20 years and tell you otherwise.
That's where the jobs are going. It's even happening in China!
Creators and manufacturers would much rather stay where the legal system protects property rights, including intellectual property, but they are guaranteed to be stripped of their wealth if they remain here, so they gamble and leave.
No one in their right mind would manufacture anything other than a high end skill based product in the US.
We are lucky that the auto and aero mfg. operations are still here (logistics).
The epa, osha, ins, irs, and a whole buttload of others prove this sad fact daily.
Ross Perot tried to warn us.
The giant sucking sound is getting louder every day.
PCR off his meds again. American jobs leave because of American Unions, American tort lawyers, American EPA regulations, etc. Free trade is the only thing that can save us as it is the only thing capable of imposing discipline on our government. PCR wants to erect trade barriers to protect inefficient jobs. His prescription would condemn us to permanent decline.
According to what is available he is a Senior Fellow at the CFR. Seems pretty well acceptable to the usual suspects.
He is the type Zero loves, NO REAL WORLD EXPERIENCE and no common sense.
It is technology that is the primary culprit.
In a few years, about 50 million workers will be able to make all the goods the world requires, including food.
Then what will everyone else do?
BS, off-shoring is caused by unskilled labor which cost around 5% of what it costs in the US, and by higher skilled and degreed workers available for 20% and less of US pay scales.
When the US achieved sole super power after WW2 she should have studied the Story of Silk vs leaving the US economic strategy to private corporations/banks. American business men practice short term profit and concentrate solely on corporate/self interest at exclusion to all other long term issues. Everything and anything will be off shored if possible based just on cost. I remember during the energy crisis of the 1970’s Americans were waiting in gas lines, oil companies were exporting US oil because on the oil exchanges, overseas markets were willing to pay more for the oil. China is pushing a different business model that a number of emerging nations are looking at. China practices capitalism tempered by strategic needs. This is in line with China’s historical past with silk and how they managed this unique technology bringing centuries of wealth (and with it social stability and means to support a powerful military). China intends to guard her technical and resource advantages, while the US elites would sell it to the highest bidder to benefit the few at the top of society leaving the rest in society endangered if a crisis should happen. There are freepers who would pooh pooh this notion, but let us compare. After twenty short years of narrowly focused US capitalism in the hands of corporations/bankers versus Chinese capitalism tempered by strategic needs, which nation has the cash surplus, which nation is fully employed and which nation has secured resources for their industries? Let me throw another issue on the table, how long will US democracy last if their people are impoverished and how long can the Chinese authoritarian state last as the Chinese middle class grows with the economic expansion? It would be ironic the US becomes less free due to declining wealth and China is under pressure to be more free as her population is well fed, fully employed and growing richer each year.
Yeh, another one of those who thinks it intellectually honest to impugn the integrity of others without a shred of evidence. All those other economists, you see, did not just make mistakes or misunderstood something --- they are on the take of spooky corporations! Trust me, however, I am brilliant and honest. Pathetic.
“American Job Losses Are Permanent...”
IMHO..that depends entirely upon when We the People decide we are going to bring jobs back to America.
EXACTLY! Only those who simply don't think about it still demand "no outsourcing!" It's not jobs shipped overseas, it's jobs replaced with machines and automation. More jobs are lost to robotics and automation than to overseas competitors.
Protectionism will ONLY hurt the US, we need to let businesses compete on better footing and jobs will continue to move upscale in capability and income. Those at the bottom will get left at the bottom, in predominantly service positions. Not because some guy in India or China is running a press, but because a Tomasa or Jenkins auto-press is doing the work of 20 men.
Automation is taking over all the world's manufacturing. I see it a huge amount here in China. Ten years ago, factories had thousands of men each working their own lathe or press or mill or drill. Now you have dozens of men feeding and servicing a floor full of multi-tool CNC machines, and the products are higher quality, more consistent, and lower cost.
It's machines, not people, that are eliminating the need for US manufacturing jobs.
How many actual jobs has he created?
Suppose that is true. This brilliant "economist" appears unaware that offshoring is not new, and "outsourcing" is just a new word for the old phenomenon: great many American companies had foreign subsidiaries. Globalization too is nothing new: there was a similar increase in the interconnectedness of nations at the turn of the XX century. And, when we exported so much of our output, was it not globalization?
Why is it now that globalization is hurting America whereas before it did not? This alone shows that globalization cannot be the cause.
Finally, if he had any intellectual honesty, he would ask the real question: what is that makes our companies move abroad? But he is too leftist to do that: the Wall Street is at fault. Having fallen in love with ideas, he manipulates facts to prove them.
If that were true, it would not be economically feasible to employ the tiny number of workers in China or India to run the machines to produce products for sale in the US, and then incur all the handling and shipping cost to the US.
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