About Shipping Jobs Overseas

[Thor]

I was going to post this as a reply in a thread but because of the speech I found I decided to start a new thread instead.

Shipping jobs overseas is inevitable. It will only happen faster with higher taxes. Industries are phased out. You can't, and you don't want to compete with the Chinese in making sneakers. It's an endless cycle with absolute advantage versus comparable advantage, and in the end consumers benefit greatly because of it. The important thing is to keep innovation up and always look a few decades ahead so that you have new industries taking the place of the old ones.

A really nice and in large applicable speech.

http://www.youtube.com/v/twPlPpqi3pc

[The Dane]

Farking great speech!
What movie is that from ?

[Thor]

Other People's Money from 1991.

[Ordie]

A professor of mine once said 15 years ago that we will no longer the producers but only the inventors and brokers of goods and services. Warned me not to bother in becoming a software engineer and get an MBA instead.

Given that, the few means of staying competitive in the global market is to specialize or fill in a niche. The Italians have done well in this area in specializing, manufactring and marketing thier own brands.

For the US Auto industry, we may look to a future where limited edition muscle cars will be the only cars produced.

We should be investing in our infrastructure. That creates jobs that can't be shipped overseas.

[Henry's Fork]

Given that, the few means of staying competitive in the global market is to specialize or fill in a niche. The Italians have done well in this area in specializing, manufactring and marketing thier own brands.



A relative of mine whos a LEO in Rome says that illegal Chinese and sweatshops in Italy are becoming a problem, very much so in last 2 years. They are even pushing the illegals from ex-Yugo countries and Africans out, who originally did all the cheapo work.


We should be investing in our infrastructure. That creates jobs that can't be shipped overseas.

QFT!.......

[Winger]

A professor of mine once said 15 years ago that we will no longer the producers but only the inventors and brokers of goods and services. Warned me not to bother in becoming a software engineer and get an MBA instead.

Given that, the few means of staying competitive in the global market is to specialize or fill in a niche. The Italians have done well in this area in specializing, manufactring and marketing thier own brands.

For the US Auto industry, we may look to a future where limited edition muscle cars will be the only cars produced.

We should be investing in our infrastructure. That creates jobs that can't be shipped overseas.

Dead on. I approve thread.

An insight from my daily life...I work for an IT company. We sell and install products which improve their business and give them a ROI. These products require service and know-how that your average IT JOE can't handle. Our techs are skilled and we pimp them out. We make sure our techs are up to date and adapted to the latest tech and best practices. Our customers range from marketing firms, lawyers, civil construction to manufacturing. What is interesting is that most of our customers have their own little niches in turn. They do their own little thing that is unique. From the manufacuturing customer that makes armor for the hummers to the marketing company that sells 2nd and 3rd page ads for major magazines. We're a small company but we pick our customers carefully the same way they pick us.

Our most important resource are our techs. Work like this is the way to go.

[Thor]

I concur. In general (there are exceptions) it's a good idea to postpone work on infrastructure until there's an economic slowdown. Labor and material is cheaper, and it then serves as a much needed injection into the economy.

[Winger]

I concur. In general (there are exceptions) it's a good idea to postpone work on infrastructure until there's an economic slowdown. Labor and material is cheaper, and it then serves as a much needed injection into the economy.

Governor Crist here in Florida just expedited infrastructure projects to get people working and inject some tax dollars in to the state economy.

[Ordie]

Governor Crist here in Florida just expedited infrastructure projects to get people working and inject some tax dollars in to the state economy.

Very smart.

There should be a national infrastructure fund that is used whenever times are rough.

[Mr Gently Benevolent]

Very smart.

There should be a national infrastructure fund that is used whenever times are rough.From what I have heard from family and friends in the US infrastructure in some states is crumbling, even keeping the streets clean has become something of an issue in some areas.

[XShipRider]

Governor Crist here in Florida just expedited infrastructure projects to get people working and inject some tax dollars in to the state economy.

It almost sounds like "do something" action on the part of Governor Crist. Where will the tax dollars come from when unemployment jumps, as it surely will?

Seriously, if governors want to do something positive they should lower tax barriers and burdens to business. Many of my Ohio neighbors are successful in small business despite the overbearing tax climate. They'd like to see 'change' but that doesn't mean higher taxes. Many of them, in talking to them, fear an O/B ticket because it will put some of them in the position of either laying off workers under a higher tax burden or closing up shop altogether. It is tough to argue against those who see the business tax firsthand. And for anyone who follows such things, Ohio is near the bottom when it comes to "business friendly" states. I only mention taxes because they are the traditional cure-all for most Democrat fiscal initiatives.

Those who don't like M/P state that it would just be more of the same ala Bush. I hate to tell them, it cannot be more of the same because we simply will not -- do not! -- have the available funding to continue said course. I foresee a curtailing of the war effort to a great degree. Curtailed not because of principle but rather fiscal necessity. Just as the $4/gallon mark was a threshold of psychological pain to Americans, the $10+ trillion debt milestone strikes the psyche similarly. Ugh! If these two get elected they would need to sharply reduce spending on all fronts.

Regardless, we need to brace ourselves for the looming deep economic downturn. Overall, things will get worse before they get better regardless of who takes the helm at the TITANI... er, I mean, White House.

[afreu]

I was going to post this as a reply in a thread but because of the speech I found I decided to start a new thread instead.

Shipping jobs overseas is inevitable. It will only happen faster with higher taxes. Industries are phased out. You can't, and you don't want to compete with the Chinese in making sneakers. It's an endless cycle with absolute advantage versus comparable advantage, and in the end consumers benefit greatly because of it. The important thing is to keep innovation up and always look a few decades ahead so that you have new industries taking the place of the old ones.

A really nice and in large applicable speech.

http://www.youtube.com/v/twPlPpqi3pc

Might as well add Michael Douglas's "greed is good" speech.

[Winger]

It almost sounds like "do something" action on the part of Governor Crist. Where will the tax dollars come from when unemployment jumps, as it surely will?

Seriously, if governors want to do something positive they should lower tax barriers and burdens to business. Many of my Ohio neighbors are successful in small business despite the overbearing tax climate. They'd like to see 'change' but that doesn't mean higher taxes. Many of them, in talking to them, fear an O/B ticket because it will put some of them in the position of either laying off workers under a higher tax burden or closing up shop altogether. It is tough to argue against those who see the business tax firsthand. And for anyone who follows such things, Ohio is near the bottom when it comes to "business friendly" states. I only mention taxes because they are the traditional cure-all for most Democrat fiscal initiatives.

Those who don't like M/P state that it would just be more of the same ala Bush. I hate to tell them, it cannot be more of the same because we simply will not -- do not! -- have the available funding to continue said course. I foresee a curtailing of the war effort to a great degree. Curtailed not because of principle but rather fiscal necessity. Just as the $4/gallon mark was a threshold of psychological pain to Americans, the $10+ trillion debt milestone strikes the psyche similarly. Ugh! If these two get elected they would need to sharply reduce spending on all fronts.

Regardless, we need to brace ourselves for the looming deep economic downturn. Overall, things will get worse before they get better regardless of who takes the helm at the TITANI... er, I mean, White House.

I've worked in Ohio so I know where your coming from. Reductions would definitely help. Ohio can be pretty harsh on business. That is why many businesses in southern Ohio go across the river to Boone County in Kentucky.

As to the prez campaging I keep arguing with others that increases in taxes is not the panacea. Reducing spending is. The O/B team's plans will only increase the size of the budget and at the same time increase the tax on those who already pay over 90% of all the tax. That doesn't sound so hot. 10 billion a month in extra income from stopping the war in Iraq isn't going to solve it. It's money we don't have in the first place.