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Where the US jobs are going, and why.
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| Ondrayce |
| quote: | Powell Admits Bush Supports Outsourcing
Last month, President Bush strongly endorsed1 the loss of U.S. jobs to foreign labor markets, personally signing a report2 that touted overseas outsourcing despite more than 8 million3 Americans being out of work. After the public reacted with outrage, the White House tried to back off4 its endorsement of outsourcing, with the president reassuring America that he is concerned about "people looking for work because jobs have gone overseas"5 and saying that "we need to act to make sure there are more jobs at home." However, as the controversy subsides, the president is apparently endorsing outsourcing once again.
Specifically, the president has deployed Secretary of State Colin Powell6 to India "to assure Indians that the Bush administration would not try to halt the outsourcing of high-technology jobs to their country." The admission came despite a new study showing that up to 14 million American jobs7 could be lost to outsourcing in the coming years. Instead of endorsing congressional action8 to prevent such a tide of lost jobs,"the White House endorsed Mr. Powell's comments" that outsourcing is just "a natural effect" that cannot be stemmed.
The president's support for outsourcing is less puzzling when considering who is funding his campaign. As an earlier Daily Mislead9 report showed, the president's campaign pocketed more than $440,000 and his party more than $3.6 million from the companies that are most exploiting outsourcing to ship U.S. jobs overseas.
Sources:
1. http://www.cbsnews.com/stories/2004...ain600351.shtml CBSNews.com, 2/13/04.
2. http://more.abcnews.go.com/sections...orm_040213.html ABCNews.com, 2/13/04.
3. http://www.bls.gov/news.release/empsit.nr0.htm Bureau of Labor Statistics, 3/5/04.
4. http://edition.cnn.com/2004/US/02/12/bush.outsourcing/ CNN, 2/13/04.
5. http://www.whitehouse.gov/news/rele...20040212-5.html WhiteHouse.gov, 2/12/04.
6. http://www.nytimes.com/2004/03/17/i...sia/17POWE.html New York Times, 3/17/04.
7. http://www.miami.com/mld/miamiheral...nal/8201599.htm Miami Herald, 3/14/04.
8. http://news.bbc.co.uk/1/hi/business/3535893.stm BBC News, 3/5/04. |
Why are only good presidents assassinated? |
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| smokeape |
Nothing new here. US Corporations have been tapping cheap labor overseas for decades at the cost of putting our own labor force out of work because they have to pay them more. No impact unless the public boycotts goods produced overseas, but not likely to happen. For instance, computers could never be as cheap as they are now without overseas labor.
[[[smoke]]] |
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| St_Andrew |
| hmmm, better to give the job to some poor thai worker than to some fat american :D |
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| PHALPAX |
| quote: | Originally posted by St_Andrew
hmmm, better to give the job to some poor thai worker than to some fat american :D |
Too bad that Thai worker's quality of life is just as miserable as a Thai farmer, one step forward two steps backward? :D
Edit: Protectionism never really works anyway. The U.S. manufacturing companies need to prove that there is such a thing as "Quality over quanity" in America. I believe theres a saying that Detroit auto makers live by: Low quality = no sales = no jobs. |
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| occrider |
| quote: | Originally posted by PHALPAX
Edit: Protectionism never really works anyway. The U.S. manufacturing companies need to prove that there is such a thing as "Quality over quanity" in America. I believe theres a saying that Detroit auto makers live by: Low quality = no sales = no jobs. |
YES!!! The sooner liberals realise this the better. Attacking the outsourcing of jobs phenomenon and industry protectionisms are emotional appeals not economic. Funny I didn't hear very many liberals speak up for him when he imposed steel tariffs on foreign imports. |
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| Shakka |
| quote: | Originally posted by PHALPAX
Too bad that Thai worker's quality of life is just as miserable as a Thai farmer, one step forward two steps backward? :D
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Yeah, because that Thai worker was making mad bank before evil Nike came in and gave him a job. |
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| PHALPAX |
| quote: | Originally posted by Shakka
Yeah, because that Thai worker was making mad bank before evil Nike came in and gave him a job. |
Evil Nike also provides working conditions comparable or worse to the Industrial Revolution era in the U.S. By in large, the yearly salary isn't that much better compared to a farmer's sizable cash crop harvest either. |
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| Renegade |
Yeah, it works both ways. In a free-labour market for every job lost overseas in one sector, a new one will be imported in another. It all comes down to comparitive advantage.
Of course the problem that the US has is that it's labour market is neither here nor there. On the one hand its sending jobs overseas in successful sectors (epsecially white-collar technology jobs) but protecting jobs in inefficient sectors (steel, sugar etc.). In a way, because of this economic wishy-washiness you guys are getting the worst of both worlds. :-/ |
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| biznology |
Ha I think that Detroit auto makers need to face the fact. They arent selling -because- of low quality...not to mention most of the parts for the Big Three are manufactured outside the country (Canada/Mexico).
Who is supporting the US worker? Japanese and European makers...
The US needs to realize that they can only still hold a monopoly in knowledge capital, and little else. But protectionism *does* work in some ways- it helped China and Malaysia avoid the recent financial crises| |
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| Yoepus |
| quote: | Originally posted by biznology
Ha I think that Detroit auto makers need to face the fact. They arent selling -because- of low quality...not to mention most of the parts for the Big Three are manufactured outside the country (Canada/Mexico).
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US automakers have actually made quiet a comeback. I read recently the US automaker sales are very very high. More people are buying 'American' again. |
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| Heinz |
well, sorry for the american economy, im not buying america. ide rather buy german or japanese.
bush is too much of a bureacrat. trading the countries wealth for his own personal gain, just as king louis when the french revolution began. thank god, we have 4 year terms for prez, because we'de be in revolution in 10 years, no more. |
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| PHALPAX |
| quote: | Originally posted by biznology
Ha I think that Detroit auto makers need to face the fact. They arent selling -because- of low quality...not to mention most of the parts for the Big Three are manufactured outside the country (Canada/Mexico).
Who is supporting the US worker? Japanese and European makers...
The US needs to realize that they can only still hold a monopoly in knowledge capital, and little else. But protectionism *does* work in some ways- it helped China and Malaysia avoid the recent financial crises| |
LOL :haha:
please tell me how protectionism works in the U.S. without a country complaining to the WTO and it considered to be illegal.
It is true that U.S. automakers are stepping up in terms of quality.....those Cadillac Escalades, Corvettes, Acuras sure looks nice. :p |
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