Future U.S. job market

[WoodPeckr]

This about sums up where the US is headed....

http://www.eclipptv.com/viewVideo.php?video_id=1850&title=Future_U_S__job_market&ref=Bodeedoe

After the good paying middle class jobs are offshored, the higher paid people that put Team 'w' in office will be next.....

 

[S.C. Joe]

After the good paying middle class jobs are offshored, the higher paid people that put Team 'w' in office will be next.....

Good, about time. Maybe there should be more story's like Bear Streans

 

[Meister]

Hey, it's a global economy. It's supposed to be good for everybody? Right?

 

[WoodPeckr]

Yeah right!
In that clip you could see the joy in those ex-executives faces, no?....

 

[fuji]

This is just perpetuating the myth that there are a finite number of jobs.

 

[WoodPeckr]

This is just perpetuating the myth that there are a finite number of jobs.

Believe 'shrinking' number of jobs is a better term than 'finite' number of jobs because jobs are surely NOT growing in the USA, sure in RED CHINA, India, etc., but NOT the USA....

 

[S.C. Joe]

There COULD be many more new jobs in the USA. As Obama pointed out, why not build clean power plants. Wind and solar. Why not improve the roads, build new schools-to replace buildings that are 50+ years old.

It could be done.

 

[cypherpunk]

Hey, it's a global economy. It's supposed to be good for everybody? Right?

On average. Long term, globalization has clear benefits for everyone. What's wrong with it is that it increases rights for the few at the expense of the many and it's perfectly conceivable that they could fuck all of us.

 

[onthebottom]

Make sure your kids go to school.... I certainly think it's easier to make it here than anywhere else....

OTB

 

[frasier]

Hey, it's a global economy. It's supposed to be good for everybody? Right?

Only if the "have's" are willing to sacrifice.....is the USA and Canada ready to lower their standards of living for the sake of affording others to get closer?..that is the real question here

 

[fuji]

Believe 'shrinking' number of jobs is a better term than 'finite' number of jobs because jobs are surely NOT growing in the USA, sure in RED CHINA, India, etc., but NOT the USA....

They're not growing now because the US addiction to debt and over-spending has sent the economy into a recession.

At other times the more free trade you have and the more immigration you have the more jobs you have. An efficient economy employs all resources at their maximum capacity. People's appetite for goods and services is pretty much unlimited and a means can be found to usefully employ everyone. An unemployed person is an opportunity for growth.

 

[papasmerf]

They're not growing now because the US addiction to debt and over-spending has sent the economy into a recession.

At other times the more free trade you have and the more immigration you have the more jobs you have. An efficient economy employs all resources at their maximum capacity. People's appetite for goods and services is pretty much unlimited and a means can be found to usefully employ everyone. An unemployed person is an opportunity for growth.

all Americans need do is be willing to work for a dollar or less per hour to compete with China, Mexico and countless other countries.........BTW the job drain has just begun in the US and it will be comming to Canadian companies in the not too distant future.

 

[fuji]

The job drain is a result of protectionist US policies that are keeping work out of the country. Were the US to open up more free trade, and accept more immigration, there would be no job drain.

Here's a good read:

http://www.economist.com/finance/displaystory.cfm?story_id=10926569

And here's an interesting point: While maybe Americans don't want to do the $10/hour jobs note that every factory full of $10 workers also creates jobs for shift supervisors, accountants, managers, mechanics to fix the machines, etc., and you are shipping those jobs overseas as well as the $10 ones.

Were you to allow a free flow of labour into the US then the cheap labour would come to America instead of the jobs going to the cheap labour. The good jobs associated, like the mechanic's job, and the supervisor, could be filled by better educated Americans.

Aside from all of that there is of course the point of specialization: Free trade works and delivers benefits by having each country specialize in a specific area. In that sense there will be job SWAPS not job LOSSES: Jobs in one sector will be shed just as jobs in another sector are being gained.

 

[onthebottom]

The job drain is a result of protectionist US policies that are keeping work out of the country. Were the US to open up more free trade, and accept more immigration, there would be no job drain.

Here's a good read:

http://www.economist.com/finance/displaystory.cfm?story_id=10926569

And here's an interesting point: While maybe Americans don't want to do the $10/hour jobs note that every factory full of $10 workers also creates jobs for shift supervisors, accountants, managers, mechanics to fix the machines, etc., and you are shipping those jobs overseas as well as the $10 ones.

Were you to allow a free flow of labour into the US then the cheap labour would come to America instead of the jobs going to the cheap labour. The good jobs associated, like the mechanic's job, and the supervisor, could be filled by better educated Americans.

Aside from all of that there is of course the point of specialization: Free trade works and delivers benefits by having each country specialize in a specific area. In that sense there will be job SWAPS not job LOSSES: Jobs in one sector will be shed just as jobs in another sector are being gained.

I think the IT industry has figured it out. A few years ago the firm I work for was importing H1B resources from India and paying them US wages, now we keep the product management work in the US and have much of the coding / testing done in India at India rates.

It will be interesting in 10 years when China gives India a run for it's money.

OTB

 

[Don]

One thing I have wondered is if Canada is considered "off-shore".

 

[onthebottom]

One thing I have wondered is if Canada is considered "off-shore".

No real difference losing a job to Canada or China.

OTB

 

[WoodPeckr]

No real difference losing a job to Canada or China.

OTB

We will remind you of that when some ChiCom takes your job!...

 

[fuji]

I think the IT industry has figured it out. A few years ago the firm I work for was importing H1B resources from India and paying them US wages, now we keep the product management work in the US and have much of the coding / testing done in India at India rates.

It will be interesting in 10 years when China gives India a run for it's money.

OTB

Funny thing is none of the IT people I know are out of work. For all the talk about the jobs all moving overseas there seems to be near full employment in the IT field. I understand national employment statistics more or less corroborate that. Low-tech people, call center people, some of the bottom rung tech support jobs maybe were "lost", but the people who had good jobs in IT in the 1990's still have good jobs today.

It's not that some jobs didn't move to India, they did. It's that the economy then went ahead and created all sorts of new jobs. The appetite for goods and services exceeds the available production capability, and always will: There's no such thing as a finite number of jobs.

 

[WoodPeckr]

It's not that some jobs didn't move to India, they did. It's that the economy then went ahead and created all sorts of new jobs. The appetite for goods and services exceeds the available production capability, and always will: There's no such thing as a finite number of jobs.

Pray tell, just where are these 'alleged' good paying jobs and could you list a few because they surely are not in WNY.
What do you define as a 'good paying job'? I feel such a job starts at $60K and goes up from there....

 

[onthebottom]

Funny thing is none of the IT people I know are out of work. For all the talk about the jobs all moving overseas there seems to be near full employment in the IT field. I understand national employment statistics more or less corroborate that. Low-tech people, call center people, some of the bottom rung tech support jobs maybe were "lost", but the people who had good jobs in IT in the 1990's still have good jobs today.

It's not that some jobs didn't move to India, they did. It's that the economy then went ahead and created all sorts of new jobs. The appetite for goods and services exceeds the available production capability, and always will: There's no such thing as a finite number of jobs.

I absolutly agree, it's a small but important sector that's growing at a very good rate - and the best jobs in the sector are here.

Pray tell, just where are these 'alleged' good paying jobs and could you list a few because they surely are not in WNY.
What do you define as a 'good paying job'? I feel such a job starts at $60K and goes up from there....

I'll have 3 open in the next 60 days..... OTE about 250k depending on experience, location unimportant.

OTB