REAMOND
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posted on July 2, 2003 12:31:08 PM new
Tom - where are these corporate headquaters and plants re-locating from ? Could it be that the wages and overhead are lower (for the time being) in Ark and that's why these companies are locating there ? How long will the plants remain there before moving to Mexico or China ? Benefiting from the "race to the bottom" in wages is only temporary.
Until the fundemental problems are dealt with in the economy, there is going to be a lot more pain before anything improves.
The results of jobs flooding to low wage areas around the world are just begining to be felt.
All these jobs going to China are more than just a "competitive" economic operation. It also represents a huge transfer of wealth to China and other countries.
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tomyou
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posted on July 2, 2003 12:55:41 PM new
Well one of them is based in Phoenix, They are building a new manufacturing plant here and not closing the one in the phoenix area. They are simply expanding and wanted a central plant to move their product into different markets. There have also been announced two dealerships to be opened in the state that is direclty related to the move so that is good news as well and more will move into the midsouth once production gets moving . However, the have decide to move their corporate headquaters to the state as well so that would effect some exec's in the phoenix. Moving here would be a real culture shock I am sure. We have a Condo in the phoenix area so we visit there often and boy are those that make the move in for a change!
And yes something needs to be done about the movement of companies and headquarters to foreign lands for rock bottom wages and High profits. I will in no way shape or form diasagree with you on that one.
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tomyou
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posted on July 2, 2003 01:08:24 PM new
And on the other hand there is another company in the state that makes school furniture. We all know the condition of school funding and many public schools. While they are not laying people off they have announced a volantary work hours reduction plans. work a week off a week, work a day off day and this goes from management on down. So I am not trying to paint a rosy picture of the economy at all. I am just saying that from where I see it the Market, the healthcare opening and other employmet indications it's just not all doom and gloom. There are positive signs out there to be found. Is the Economy out of the woods ? NO is there problems that need addressed with NAFTA ? YES. Is there indication the economy is slowly recovering ? YES. Of course if I sat bankrupt and without a job I might very well have a different view when looking a the same indicators. So it's all a matter or where your sitting I guess. Don't take that as being arrogant or anything because lord knows I have sat on both sides of the fence. Just making an observation as I see things. But I tend to try and be positve regardless of the situation as it helps keep me focused and pressing forward toward any set goals.
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davebraun
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posted on July 2, 2003 01:18:32 PM new
I was not a supporter of Perot but one truth he stated was the sound of jobs being sucked out of America being akin to a giant vacuum. Corporations owe no allegiance to any particular government. Companies relocate to various regions both nationally and internationally in order to take advantage of tax breaks and available labor ( the cheaper the better). Thinking a Mcjob is better than no job is an interesting concept. I see it as logical as it's better to steal than starve. The minimum wage in this country is a disgrace. In the richest nation in the world no one who is working should earn less than the cost of living.
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barbarake
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posted on July 2, 2003 05:45:26 PM new
Well, I'm one of those computer programmers laid off because the work I used to do is being moved to India. The company I worked for previously moved their computer operations to Ireland. It's sad.
Computer jobs are disappearing in the US. New things might be developed here - but as soon as practical, companies move it somewhere (often overseas) where the wages are cheaper.
Certain fields are different - like medical. Tough to move nursing jobs overseas. Of course, they could just bring in foreign nurses.
My brother-in-law used to be an emergency room doctor. The hospital ended up contracting it all out to a company that brought in it's own doctors (who all happened to be Indian).
It's happening all over - and it shows no signs of slowing down...
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stopwhining
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posted on July 2, 2003 05:54:12 PM new
the pharmacists at our local Eckerd drug store are all indians/pakistani.
many of the convenience stores and drycleaners are owned by pakistani.
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davebraun
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posted on July 2, 2003 06:19:57 PM new
Actually there is an acute nursing short. The last time this happened we recruited nurses from the Philippines(1950's onward). The current enrollment in US Nursing Schools is not sufficient to fill the demand as many nurses either leave the field from burnout or are retiring. California hospitals currently are recruiting out of state and flying in "travelers".
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ebayauctionguy
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posted on July 2, 2003 06:24:59 PM new
Our workers need to be more competitive. If they expect to be paid more than a Chinese worker, they need to worker faster and better than a Chinese worker. It doesn't surprise me to see the jobs of lazy overpaid union workers go overseas.
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REAMOND
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posted on July 2, 2003 06:25:12 PM new
While emergency medical care can not be moved over seas, before long I could fathom going to another country for non-emergency medical care as many are now going outside the US for their prescription drugs.
I could also see your insurance company paying your plane fare to perhaps Mexico for an operation that might cost 1/2 of what it costs here.
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austbounty
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posted on July 3, 2003 03:40:22 AM new
If you owe the bank $100, that's your problem. If you owe the bank $100 million, that's the bank's problem.
John Paul Getty (1892-1976)
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austbounty
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posted on July 3, 2003 03:41:11 AM new
It is easier for a camel to pass through the eye of a needle if it is lightly greased.
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noh2
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posted on July 3, 2003 05:42:23 AM new
ross perrot and his famous GIANT SUCKING SOUND going to mexico!!
it takes more than just cheap labor for companies to relocate their facilities or outsourcing.it is not good enough to be cheap,it has to be good(skills and education and motivation).
these days there is another factor-india and china are also two giant marketplace where you can sell into,alfred sloan would tell you that when he went to europe looking for facilities to build cars!!
nothig against mexico and its citizens,hardworking people !!
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Helenjw
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posted on July 3, 2003 06:32:51 AM new
Unemployment rate has jumped to a nine year high of 6.4% in June.
The number of unemployed persons increased by 360,000 in June to 9.4 million, and the unemployment rate rose from 6.1 to 6.4 percent.
Since March,unemployment has increased by 913,000.
Businesses cut jobs for a fifth consecutive month suggesting that tax and interest rate cuts have yet to revive the struggling economy.
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stopwhining
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posted on July 3, 2003 07:26:22 AM new
i just came across a memo from MASTER CARD INTL asking all outside services to make a 10% rate cut.
i guess companies have been using contractors in the past to save cost and now they are asking more to save more cost!!!!!!
soon to keep their jobs,they will ask to be paid just like the indians in india.
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austbounty
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posted on July 3, 2003 08:02:33 AM new
I saw a US Senator on TV.
Name, Kerri or Kery (sounds like)
Claimed that 54% of the recent Bush tax cuts went to the top 1% of income earners.
“About the time we make ends meet, somebody moves the ends. “
Unknown
“Why is there so much month left at the end of the money? “
Unknown
Much like Bush, our Prime Minister, Howard, recently greeting returning milliary from Iraq, shaking hands and expressing undying gratitude, but wouldn't cross the road to shake hands with past servicemen that were demonstrating against economic and health hardships.
I'm living so far beyond my income that we may almost be said to be living apart.
ee cummings (1894-1962)
“It's true that money talks. It usually says 'Goodbye'. “
Unknown
“The Golden Rule: He who has the gold makes the rules.”
Unknown
& One For the Neo-Cons
“Hell hath no fury like a vested interest masquerading as a moral principle. “
Unknown
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ebayauctionguy
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posted on July 3, 2003 08:06:07 AM new
Unemployment is a lagging indicator. Here's some good news:
Services Sector Surges in June
By Ros Krasny
Reuters
Thursday, July 3, 2003; 10:37 AM
CHICAGO (Reuters) - The key U.S. services sector expanded sharply in June to its highest level since September 2000 as the economy looks to get back on an even keel after being destabilized by the U.S.-led war in Iraq.
The Institute for Supply Management said on Thursday its index of non-manufacturing activity jumped to 60.6 in June from 54.5 in May. Economists polled by Reuters had forecast a rise to 55.0, in a range of 52.5 to 56.5.
A reading above 50 in the ISM index shows growth in businesses that range from tourism to banking and represent about 80 percent of the U.S. economy.
On Tuesday, an ISM report showed the U.S. manufacturing sector continued to contract in June, albeit at a slower rate.
But monthly activity in the services sector has contracted only once in the last 17 months -- in March 2003, as the U.S. kicked off its war in Iraq.
"It looks like the service sector side of the economy is doing better," said Gary Thayer, chief economist at AG Edwards & Sons in St. Louis.
"The service sector may begin to generate some jobs in the second half of the year. I think we could be seeing better employment numbers down the road," Thayer said.
Treasury prices dropped on the ISM data, while U.S. stocks rallied. The Dow Jones industrial average <.DJI> is up more than 60 points from its day's lows. The benchmark 10-year Treasury note reflected a yield of 3.62 percent, up from 3.58 percent ahead of the report.
http://www.washingtonpost.com/wp-dyn/articles/A3518-2003Jul3.html
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reamond
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posted on July 3, 2003 08:49:49 AM new
If that article is the new standard for "good" news about the economy, I would hate to see them publish any "bad" news.
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bigcitycollectables
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posted on July 3, 2003 08:52:52 AM new
[ edited by bigcitycollectables on Jul 3, 2003 09:59 AM ]
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davebraun
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posted on July 3, 2003 10:40:38 AM new
"Our workers need to be more competitive. If they expect to be paid more than a Chinese worker, they need to worker faster and better than a Chinese worker. It doesn't surprise me to see the jobs of lazy overpaid union workers go overseas."
In order to compete on an equal footing the government will have to repeal the child labor laws, eliminate overtime pay, relax safety regs, modify enviornmental protection, allow sexual harrasment, lengthen the work work, eliminate most benefits, lower the minumum wage to .11 cents an hour and give tax incentives to the corporations!
Happy 4th of July
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stopwhining
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posted on July 3, 2003 11:04:49 AM new
it is how much you make,it is how much you keep.
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austbounty
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posted on July 3, 2003 11:11:34 AM new
Do conservative Americans celebrate changes made by radicals on 4th of July too.
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ebayauctionguy
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posted on July 3, 2003 12:39:23 PM new
I'll say it again, the economy is improving. Remember, you heard it here first!
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noh2
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posted on July 3, 2003 12:41:18 PM new
during the Y2K crisis,agency will bring indian computer programmers in on special visa and pay them 76k a year whether they have work or not for them.these programmers work for banks and coca cola etc which have a y2k crisis on their hands.
immigration law requires the agency to pledge to provide for them while they are in the country so they dont gon welfare or mischief.
after y2k is over,the ones with software skills as opposed to garden variety application programming skills continue to work for clients while some just sit and collect that money as promised in their contract.
eventually they are too much of a drain and be sent home to india.
now you see they have better ideas,instead of bringing the indian programmers here ,send the jobs to india.
so some day those who are sick and need surgery and hospitalisation will be sent to india,mexico,portugal etc to get treated.
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mlecher
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posted on July 3, 2003 01:09:53 PM new
Actually there is an acute nursing short. The last time this happened we recruited nurses from the Philippines(1950's onward).
I have to agree. have you been to a hospital lately....what dogs, I mean yuck...
This has been a test of the international emergency humor association. Had this been a serious statement, you would have been instructed to which thread to turn to for rebuttal.....
Again, this was only a test
[ edited by mlecher on Jul 3, 2003 01:28 PM ]
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austbounty
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posted on July 3, 2003 07:50:30 PM new
e.a.g."the economy is improving."
Now we can all take a rest.
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stopwhining
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posted on July 4, 2003 05:31:44 AM new
what ever happens to the philipinal nurses then??
i know there are many philipinal maids in hong kong,many are college graduates,why dont they come to the states??
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davebraun
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posted on July 4, 2003 10:19:19 AM new
They did, they were recruited in the Philippines from the 50's onward. Most have worked many years and have either retired or are now reaching retirement age which is one of the causes of the shortage. Nursing has not been a career that has interested many over the past 20 years so nursing school enrollment is down. Another interesting shift has been in the ratio of female to male nurses. There are many more male nurses currently than at any other point in time although the majority of the profession is still primarily female.
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REAMOND
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posted on July 8, 2003 10:26:26 AM new
Forget IT, Australian students told
http://www.zdnet.com.au/newstech/hr/story/0,2000048610,20276063,00.htm
Taking the measure of IT's pain
http://news.com.com/2008-1082_3-1023565.html?tag=fd_nc_1
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Helenjw
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posted on July 8, 2003 04:14:41 PM new
This is interesting.
excerpt...from Brad DeLong
The past is a different country. Even the relatively recent past of, say, a century ago is a very different country.
In 1905 "G.H.M.", an anonymous college professor, wrote a four-page article for the Atlantic Monthly in which he pleaded for more money for college professor salaries, and claimed to be vastly underpaid. The first thing to note is the relative level of professorial salaries back then: he claimed that the "average college professor’s salary"--the salary that he saw as clearly inadequate and unfairly low--"is about $2,000." Stan Lebergott's estimates in the Historical Statistics of the United States are that the average annual earnings of an employee in America in 1905 were $490 dollars if employed for the entire year--or $451 taking account of the hazards of unemployment. What G.H.M. says is the average college professor's salary is more than four times annual average earnings of the time.
Taking up the items in detail...
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Salgal48
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posted on July 8, 2003 04:25:23 PM new
"Tom - where are these corporate headquaters and plants re-locating from ? Could it be that the wages and overhead are lower (for the time being) in Ark and that's why these companies are locating there ? How long will the plants remain there before moving to Mexico or China ? Benefiting from the "race to the bottom" in wages is only temporary."
It's called capitalism, and the capitalists only think about profits. Anyway they can get it.
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