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It does make a person wonder why the USA cannot seem to get out of this depression...and other nations seem to be, slowly but surely getting better economically.
If you look at a reputable business publication like the British "The Economist" business conditions in Europe and Japan are just as good as they are in the USA and we are actually at the head of the class in job creation in the old Group of Seven. Unfortunately that is not very good is it. Now China is growing so fast it is increasing output faster than the G7 combined. A key reason is China's rate of investment is about 26% (its 0.6% in the good ol'USA) of its GDP and 46% of all investment in China is coming from you guessed it the United States of America. The names on the entrys to Chinese factories are very familiar. American business is creating tens of millions of new high paying jobs they just happen to on the banks of the Yangtze and the workers speak Mandarin or Cantonese.
Cheer up just think how much of China is owned by Americans and remember to max out your credit cards this Xmas buying Chinese made junk they got a lot of it piling up at the docks in Shanghai.
If you look at a reputable business publication like the British "The Economist" business conditions in Europe and Japan are just as good as they are in the USA and we are actually at the head of the class in job creation in the old Group of Seven. Unfortunately that is not very good is it. Now China is growing so fast it is increasing output faster than the G7 combined. A key reason is China's rate of investment is about 26% (its 0.6% in the good ol'USA) of its GDP and 46% of all investment in China is coming from you guessed it the United States of America. The names on the entrys to Chinese factories are very familiar. American business is creating tens of millions of new high paying jobs they just happen to on the banks of the Yangtze and the workers speak Mandarin or Cantonese.
Cheer up just think how much of China is owned by Americans and remember to max out your credit cards this Xmas buying Chinese made junk they got a lot of it piling up at the docks in Shanghai.
Yeah, but....
If you think we've had a bubble in the U.S. real estate market, that's nothing compared to the bubble that's going to happen in China.
Need an example? While news reports like to show images of those gleaming office towers in Shanghai, what they don't report is that occupancy rates are hovering somewhere near 25-30%. As another example, China has just finished building a city for 1,000,000 people out in the middle of nowhere, but nobody lives there. In short, the Chinese are doing everything possible to feed the construction industry, which comprises roughly 50% of the country's GNP, yet they're running out of things to build. It makes the mid-2000s housing market in Ft. Myers and Las Vegas look like a rational undertaking.
What's more, there's a lot of people who think the Chinese government is cooking the books on their gaudy growth statistics. Why? Because while the Chinese are claiming an economic growth rate in the double digits every year, what nobody looks at is that the increase in power generation is roughly half that amount.
This is an economic impossibility. Economic growth means new equipment, new consumer demand, new activity--all of which means that you need electricity to power new equipment, new consumer demand, and new activity. Unless China has come up with some incredible, epoch-shattering advance in energy efficiency that we don't know about, that means that China's economic growth is roughly half of what they claim it is. Take that trend and fast forward the calendar several years, and you have a situation where the actual cumulative economic growth is far, far different than what the bureaucrats in the Central Planning Bureau say it is.
Illegal immigrants aren't TAKING anything. Employers who are breaking the law are GIVING them jobs. Stop blaming illegal immigrants for taking something offered. If businesses were willing to pay a legal and fair wage and hire legal workers where would these immigrants work?
If they are presenting themselves as legal US citizens then they are TAKING the jobs under false pretenses. And if ILLEGAL immigrants weren't here to TAKE the jobs, employers would be forced to pay competitive wages. Why are you more worried about where the ILLEGAL immigrants will work than citizens of your own country (I presume you are a citizen)?
Immigrants can work at any job they want. But ILLEGALS are most certainly TAKING jobs as well as public services that are needed desperately by American citizens right now. ILLEGALS are contributing to the gap in the poor and the wealthy in this nation.
BTW, it's easy to blame the employers but when it is becoming harder and harder to ask for verification of citizenship you have to start looking beyond the employers and look at those that hold office in this country. The ILLEGALS are a protected class anymore.
That trent of lowering our standard of living is the Progressive plan! Don't you know this? The Progressive plan is to ship our wealth to other poor countries.
Stop listening to Glenn Beck, Rush Limbaugh, and the like! They just make people paranoid with nonsense.
Think about your statement. Who are these progressives who thought of this plan, how long have they been operating, and how the heck did they get GWB on board with it?
Tom Donohue, the president of the U.S. Chamber of Commerce says,
It is not the corporations they have placed a class warfare on, it is the Government!!!
Federal and state regulations are causing a loss in productivity and costing us trillions in wasted dollars each year.
One reason for why jobs are going overseas might be due to over regulation by our government:
"The annual cost of federal regulations in the United States increased to more than $1.75 trillion in 2008, a 3% real increase over five years, to about 14% of U.S. national income."
The total cost of CA state regulations on businesses is $493 billion, five times the state's General Fund Budget, according to the COST OF STATE REGULATIONS ON CALIFORNIA SMALL BUSINESSES STUDY. (http://www.sba.ca.gov/Cost%20of%20Regulation%20Study%20-%20Final.pdf - broken link)
That's an average of about $150,000 per business, $13,000 per household and $5,000 per resident each year. Perhaps this is why so many US businesses are exporting jobs.
If they weren't here, they wouldn't have been given the job in the first place.
If they weren't being given jobs, they wouldn't come here.
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Why you've been told there are so few new jobs
