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Old 10-15-2009, 08:18 AM
 
12,867 posts, read 14,909,539 times
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Quote:
Originally Posted by thisguy View Post
a great article!

it is so important for people to realize that government allowed and encouraged the exportation of the jobs. our manufacturing is only 17% of GDP and that has to change! government needs to downsize and industry needs to pick up or those jobs and our lifestyle are gone forever.

(from the article) Neither laziness nor the obvious American penchant for consumerism can be blamed for this changed reality in America. US industry -- or at least what little is left of it -- is responsible. In the span of only a few decades, US industry has shrunken to half what it once was. It makes up only 17 percent of the country’s GDP, compared to 26 percent in Europe.
Every important national economy in the world now exports products to the United States without purchasing an equivalent amount of US goods in return. The US trade deficit with China was about $200 billion dollars in 2005; it was a solid $80 billion with Japan; and more than $120 billion with Europe. The United States can't even achieve a surplus in its trade with less
developed national economies like those of Ukraine and Russia. Everyday, container-laden ships arrive in the United States – and after they unload their wares at American ports, many return home empty.

yet, we have a country with insane leadership which believes that devaluing the dollar WHEN WE ARE NOT A MANUFACTURING COUNTRY ANYMORE will benefit us!
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Old 12-26-2011, 10:18 PM
 
3,327 posts, read 4,356,380 times
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Quote:
Originally Posted by jimmyP View Post
Globalization has always been merely a redistribution of wealth from rich countries to poor. The only fair trade is among nations at like stages of development. But the enmass globalization has enriched the bankers and corporations while denigrating the lifestyle of the middle class. Beginning in the late 70's and early 80's they set out on a path to replace the loss of jobs and stagnation of middle class wages with cheap easy credit. People could extend car loans to 5 years and buy homes with no money down. Credit cards became the norm. All this so people didn't realize they were losing. A thirty year credit bubble that finally burst. And why? Because for 60% of americans, they haven't had wage increases, in real terms, in 30 years.
It's nice to see someone else seeing the bigger picture here.
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Old 12-26-2011, 11:20 PM
 
5,760 posts, read 11,542,202 times
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You follow this thread was from over two years ago?

Two years later and deeper in debt.

And now found out the realtors have been lying about housing sales.

And the banks are running yet more frauds.

AND the "two" parties are going to give US just Globalist "choices" again.

Occupy America.
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Old 12-27-2011, 08:54 PM
 
3,327 posts, read 4,356,380 times
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Quote:
Originally Posted by Philip T View Post
You follow this thread was from over two years ago?

Two years later and deeper in debt.

And now found out the realtors have been lying about housing sales.

And the banks are running yet more frauds.

AND the "two" parties are going to give US just Globalist "choices" again.

Occupy America.
We need a populace that puts its civic duties ahead of entertainment and consumerism.

Until then, we have only ourselves to blame.
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Old 12-28-2011, 03:21 PM
 
Location: Metro Detroit, Michigan
29,808 posts, read 24,885,583 times
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Quote:
Originally Posted by wawaweewa View Post
We need a populace that puts its civic duties ahead of entertainment and consumerism.

Until then, we have only ourselves to blame.
Pretty much the truth right here. All people know anymore is they like to shop and they like whatever new program is on TV. Some listen to the news passively, and are basically dictated what to think. Few go beyond that to form their own thought patterns as they relate to current issues. Far too many with the intellectual capacity to form their own opinions feel there is really no hope to change the current path, so it's meaningless to try. The middle class in America is basically defeated at this point, unless something drastic happens to unite them and spark interest in making a change. 100 years ago, it was a tragic fire in a garment factory that gave rise to organized labor. Some would argue this gave rise to the middle class. Unions are in decline today and are viewed as obsolete, so it will be interesting to see what follows. My only hope is that any change is organic, and not government mandated. We all know how well those attempts go over...
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Old 12-29-2011, 12:00 PM
 
Location: El Paso, TX
3,493 posts, read 4,550,836 times
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Quote:
Originally Posted by WheredoIlive? View Post
I agree with this article. Too many members of Gen X have not seen same life as generation before it. Many people warned where globalization would take us.
To me it is just the reality of how business works out there in the world market.

To begin with, business is the means to make a profit. EVERYBODY does want to maximize their economic efficiency. To me this applies to business and customers.

We can all try to blame the rich and corporations but you know what? What they do applies to EVERYBODY, make the buck.

To a certain degree the complains people make about CEOs is plain envy. It is interesting because it seems to me we love to praise work, accomplishments, success, etc. but we also do demonize those that reach those levels. Once anyonoe reaches high levels of success in any endeavor, then it is the time to demonize bring them down.

Example: Pick any sports team that excels and stays at the top, people start to find ways to bring them down. How often people have said it is time for somebody else to be at the top?
The NFL and other sports organizations have come up with rules to ensure other teams have chance to reach the top. Who pushed for those rules? The teams that did not have the good management to achieve top levels with the excuse that everybody should be able to have a chance to be champions. Well, the rules had to change to chip away at those that had good business savy and keep a team at the top.
The same applies in business and other areas.

CEO? Go to a small store and they do the same. They are not going to give anything free to the customer is that means loosing their livelyhood. Now, the comment I hear is "Well, the CEOs earn a lot more than a small business owner. He does not need all that money". Also, the question is why do CEOs are paid so much money implying they do work any harder than a factory worker. Go out to the street and try to find how many people have the experience and knowledge to runa multimillion/billon corporation! People are paid based on the skills they bring to a business. The more rare and difficult to find those skills the more valuabel an individual becomes. It is that simple.

What many in the U.S. complain about is simply based on not accepting that someone else is starting to make it as we have and that means competition. We are used to be the top dog and now that we are starting to share the business market and that means there is less of the pie for us, not good!
Example that reflects this mentality: For a long time we were the top basketball team in the world in the olympics. In 1972 Russia beat us. From that point on we started talking as if the U.S. should be the only one to win. It was a disgrace. Guess what? The world cought up with us and now we are not longer the automatic winner in the olympics. That is whay you call competition.

The same in the world market anymore. We either accept that fact or not. The wise thing to do is to accept the reality, revise our education system so it can produce better and more competitive people, and accept that we will no longer have the high standard of living we usedt to have. We can still have a good standard of living but not witht he mentality that we are the best and at the top of the world.

We can either isolate ourselves and pay the price for doing so or roll up our sleeves and keep the competitive spirit and do our best at what are best.

Sweat shops? Our nation became a world power with sweat shops. That is how pretty much the modern world powers began. Once we reach the top level other countries little by little became what they are now. Today other countries are doing the same. Guess what? The countries that have joined the race HAVE benefited and achieved better standards of living in many areas.

So you can either whine about how the middle class is non-existent, is abused, the CEOs are greedy, etc. in a corner of simply start working with our children and teach the the work ethic our our grandparents did for many of us, and make sure the schools in our disctrics teach subjects that make us strong again. It is sad to see our kids become wimps in many areas. They are getting used to get everything free and not learning to work to earn many of the luxuries they now have. That includes children that are in the low economic brackets considered poor and are walking around with the lates and most expensive electronic gadget and the latest fashion clothes with team logos or some other expensive name brands.

Stop whinning and do something about it. In other words, be part of the solution, not part of the problem. The more we keep feeding this victim mentality around, the more difficult it is for us to get up and work harder, fight harder, and achieve more. Take care.
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Old 12-29-2011, 09:00 PM
 
3,327 posts, read 4,356,380 times
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This isn't the first era of globalization and it's actually coming to an end. To be quite honest, we should be thankful that we survived this relatively intact. Our greatest problems going forward are the liabilities with the future entitlement programs. That is what can really hurt us. Not only economically but also politically. It'll be the boomers v. everyone else as everyone realizes that it is the boomers which are really holding this nation back at this point.

This era of globalization could not be stopped.
It could have been slowed down but what good does that do?


We need to adapt, be prudent, and creative. Instead many Americans want an era that will not come back for many generations. It may be because people innately fear the unknown but also because this country is fractured. The same diversity that is such a boon in boom times holds us back when things need to get done and sacrifices made. Every group has its own interests and the necessary reforms aren't made.
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Old 01-04-2012, 10:57 PM
 
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The greatest problem isn't cheap labor or labor in genera;, but technology taking over labor. It's already been happening for years, and it will continue to increase.
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Old 01-05-2012, 03:19 PM
 
Location: Metro Detroit, Michigan
29,808 posts, read 24,885,583 times
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Quote:
Originally Posted by Wolfpacker View Post
The greatest problem isn't cheap labor or labor in genera;, but technology taking over labor. It's already been happening for years, and it will continue to increase.
It's also the only way for businesses, especially in the manufacturing sector, to compete with cheap labor nations. This is going to result in higher productivity, and far fewer jobs to go around. The future middle class will be the guys who own the technology. The rich will be the guys financing the technology, as well as those designing and creating new technology. Everyone else will basically be working for a plot on the plantation.
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Old 01-13-2012, 07:52 PM
 
Location: NJ
18,665 posts, read 19,964,008 times
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Actually, andywire, Those on the shop floor monitoring the equipment will be technically skilled, with significant post secondary education, and they will be paid solid, middle class wages.

Ones pay is all about the wage they could command elsewhere in the market. If ones replacement job wage is good, their present employer wage will be good. The inverse is also true.
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