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Are all of our jobs going to India and China? Or is this just another minor change we'll learn to deal with, a result of "Globalization"?

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http://www.gulf-daily-news.com/Articles.as...e=74682&Sn=BUSI

Poor job training 'cause of US woes'

WASHINGTON: Federal Reserve Chairman Alan Greenspan warned yesterday that "protectionist cures" being advanced to deal with US job insecurities would make the situation worse.

Entering the politically charged debate over US service jobs being shipped overseas, Greenspan said that it was a lack of adeuqate educational training rather "outsourcing" which posed the greatest threat to future American prosperity.

Greenspan, speaking to the annual meeting of the Omaha Chamber of Commerce predicted, as he did in congressional testimony last week, that the strengthening economy should lead to stronger employment growth in the months ahead.

He said that the current anxiety about losing jobs to other countries is not new. However, he said the recent migration of service sector jobs, such as employees working in telephone call centres, to India is a new phenomenon. But he cautioned that any answer that involved erecting trade barriers in this country would be wrong.
 

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Originally posted by Ming@Feb 21 2004, 05:02 AM
Greenspan said that it was a lack of adeuqate educational training rather "outsourcing" which posed the greatest threat to future American prosperity.
Makes me real comfortable thinking about the 15% budget cuts my school has endured in the last year. We as a country need to make education a higher priority, from Kindergarden all the way through college. Teachers need better pay, I think this is the first and most important step to improving education in this country.
 

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It is funny that people think it is ok to for a basketball, hockey, baseball plyer to make $10 mill a year but scream if a teacher or health profession wants to make money.
People will pay over $600 a month for a car and then throw in insurance ,gas upkeep but only want to min wage to person to take care of their child.
Education and child care should be #1 on the goverment list.
But most government only look at elected and not long term
 

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The theory that everybody is going to be running around with PHD's is b.s. that has fallen flat on its face. It wasn't too long ago that the economists were saying "Re-teach the masses that are displaced by job loss. The US will just invent new fields and new products."
Guess what, it didn't happen and never will. Go to Europe (particularly Germany) and you will find a very strong technical base. And, if something is invented here (fuzzy tech, flat screens, tv), it finds it way into the other countries because corporate execs make their bonuses. Build it here the first year then ship it overseas to cost cut which is in their contracts.
And you are not going to file everybody into a classroom and re-program them. We have 200+ million people that they fill the spectrum of education and intelligence. All have one common thread, they need to work.
Guess what, all these economists are seeing their "Ivory Tower" jobs being lost to India. Maybe they will come up with a formula for themselves.

Education is a big tool. Countries like India and China push it as top priority. In the past years, Japan would pinpoint an industry and go after it. But do not confuse educational level with a teacher's salary. Here, it depends on location.
In the collar counties of Chicago, teachers (elem and high school) make a prety good buck for 10 months of work per year. Follow this with a bloated salary in their final years before retirement to boost their retirement checks.
When industry is laying off people in droves and cutting back (for the last 5-10 years) on medical coverage, teachers have been isolated from it. Also, teachers place too much emphasis on themselves rather than the the profile of their students. Being from one of the worst high schools in Chiicago, I know what bad teachers are and also know what bad students are. Here, a big part of success is the family backing that student. The whole push for the voucher system is to due to education being hindered by teachers' unions (quote the Chicago union's president regarding the last contract "We went for the bacon but got the whole hog". Now, the governor and the mayor are scrambling to meet a deficit.
The one item that I will tip my hat to teachers is putting up with the crap from students and parents (Why does Johnny have so much homework? It is cutting into his social life!).
I am in favor of teachers who worked in the industry. Somebody who has used the equations and created something with them is a stronger teacher than somebody who goes over the same book and the same pags year after year.
But education aside, how does one compete with a worker making 1/5 his salary? When that overseas worker pays less for his utilities in return.

My point of view.
 

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After simmering for awhile, I'd like to re-submit my early reply because it may sound too harsh. Which is not what I intended.

Economic models are just that. After they are tried, they are tweaked. Heck, we have seen this in the physics world since man tossed a rock. Newtonian physics was enhanced by Einstein, Planck, Bohr. The Keynesian model of government debt was booed by the economists but it was just what the country needed to get out of the depression.
The world is catching up technically. Much of China's engineering is solid modeling which is remarkable compard to many US countries still drawing paper or 2-D CAD systems. So, the theory of staying ahead was good 20 years ago but this strategy does not hold today.
And with our trade deficit, we are being bullied by Europe and Asia.

The teachers do a good job but parents are more effective. My point of view is purely local and I am sure that teachers in other parts of the country may be at the short end of the financial stick. But they must remember that the bar has been raised for industry so the teachers must be affected likewise. any body who must ride herd over 2 dozen kids in a class for a school day must have the energy to do so. But, on the other hand, when I'm at an airport on a Sunday morning to go to a customer's plant, I don't see teachers there. I see salesmen and admininstrative types and technical people leaving their families to make a living. So, everybody does what they must and their are trade offs to each vocation. In 2001, I saw many enginees being laid off (some with 30+ years) with no severance and no medical (stopped the day after) and nothing made the papers about it.

My point, education wise, is that their must be jobs for the graduates. Otherwise, where is the hope. And a fellow driving a fork lift is as important as the engineer on the board. Without the engineer, no parts. Without the forklift operator, parts don't get shipped. I'm in the twilight of my career and I'd like to see the younger people get a fair shake.

We spend more attention on Janet Jackson's breast than on the Mars Rover. I guess breads and circuses are still the mainstays of a civilization. Or maybe its end.
 

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Well, the EU is threatening to take action against the US for trying to maintain anti-dumping laws. They are also boycotting US chickens due to the one farm that discovered a bird with the flu. Mexico too!
These are the people who have been living (probably invented) with mad cow yet complain that we give our cattle anti-biotics.
So, is it "Ram everything down the US's throats"?
What do they buy from us? Probably all the Krispy Kremes that they can stomach.
 

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My last job went to India. And it wasn't because they knew more then me. It was because they were cheaper. :(
 
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