The US Labor Force: One Foot in the Third World

[libertad]

Think about the US as you would a farm...

The farm is finite....2000 acres of production....

The farm started with 100 people..

It now has 200 people...and will have 300 people in
25 years....90 people are 55 years old....

In this case...will there be less goods and production per
person ...or more...when the population hits 300...???

Do the current 200 people have a better...more plentiful life
than will the soon to be 300 people...????


....................................................................................

 

[Midas]

oil-trader
You don't have to think outside the box just your blue box:

Building contractor
Importer
Coffee shop owner
Building Material distributor
Marketing and Advertising
restaurateur
Transportation
Heath and service related industry
Painting contractor
Plumber
Day Trader
Gas Station owner
Mechanic
Food distributor
Car Dealer
lemonade stand
Porn Star
Rock Star
Tourism
Hotels
Land Lord
ostrich farmer
Hedge Fund Manager
Banker
Land Developer
Rental Cars
Space travel
Harnessing Zero Point Energy
Port-a-John
Road Construction
Mortgage Broker
Venture Capital
Song writer
Movie Production
Day Care
Bio-Technology
Making cheap products in china.
Having Cheap programers in India create software to market.
Hiring Telemarketers in Romania to solicit business

And 1000's more............

 

[oil_trader]

Midas you left out - professional poker
player or dealer.....
I leave that to Bush (space travel) he want to go to the mars you know.
As for the others - very "original" thinking
Just let me know how your lemonade stands will become the next starbucks....
seriuosly starting a new venue (I know I have tried, is harder than posting nonsense on forums....

Quote from Midas:

oil-trader
You don't have to think outside the box just your blue box:


Rental Cars
Space travel

Hiring Telemarketers in Romania to solicit business

And 1000's more............

 

[dddooo]

Quote from oil_trader:

Thinking outside of the box...
...just curious...
what exactly have you thought up as the venue for the 21st century America?


Quote from Midas:

The foundation of this country was build on the backs of people that branched out, blazed their own trail, and saw opportunity where other saw vast untamed wilderness and scary uncertainty....


Unions, protectionism, fear of the unknown, and insecurity undermine what made and still to this day makes our Country great.


Think outside your "blue box" and you will see the opportunity 2 billion more free market participants brings to a capitalist free market economy...

Growth is the true driver of capitalism.... This country and its fundamental economic existence has always relied on growth and change.....

His thinking outside the box boils down to a few empty slogans and cliches (see above), his list of jobs is pretty much a small and well-known number of blue-collar, white-collar, sales and small business jobs that cannot be outsourced.

Unfortunately he did not come up with a single original thought or idea. He's also probably wrong about biotech, and marketing jobs, they will be outsourced too. It's cheaper to develop new drug in Moscow and new comercial in Bangalore.

What's telling is that he did not come up with a single item that this country is going to produce, he failed to mention creation of any kind of either physical or itellectual goods in this country in the future.

Virtually all his jobs are sales/services jobs, he pretty much confirmed what I mentioned before - we'll be selling each other insurance and lemonade and renting each other cars. That will certainly assure our leadership in the world's economy and our superpower status.

 

[PuffyGums]

[Think outside your "blue box" and you will see the opportunity 2 billion more free market participants brings to a capitalist free market economy... [/B]

I like how Cato Institute style slave labor enthusiasts romanticize the poverty wages currently paid by the likes of China. There are not 3B new Bill Gates, because the only way you become an entreprenuer is when you can save 50% of your wages and fund a business. This only happens with industrial or professional jobs.

Bottom rung wages are not a path to business formation. The way to the free economy is a free middle class in a ecconomy that pays good wages and salaries, not subsistence wages working for the masters.

 

[ratboy88]

Quote from PuffyGums:

I like how Cato Institute style slave labor enthusiasts romanticize the poverty wages currently paid by the likes of China. There are not 3B new Bill Gates, because the only way you become an entreprenuer is when you can save 50% of your wages and fund a business. This only happens with industrial or professional jobs.

Bottom rung wages are not a path to business formation. The way to the free economy is a free middle class in a ecconomy that pays good wages and salaries, not subsistence wages working for the masters.

Amen Puffy...........amen.

 

[Midas]

oil_trader

Sorry friend I already own 3 of the above mentioned companies and am funding a 4th...


Keep groveling on this board like the thumb sucker you are,,,, I am laughing all the way to the bank.


By the way there is no need to reinvent the wheel.

 

[Midas]

dddooo,

RE:That will certainly not assure our leadership in the world's economy and our superpower status

The fact that we have one of the largest stock piles of nukes and a sledge hammer military will keep us a super power for many years.

As far as our economy.....I agree with you not because of outsoucing rather because our best schools are pumping out snot nosed kids like you with a sense of entitlement and crippling can't do attitude.

While you complain about how bad off we are I see opportunity everywhere.

I will leave you guys now to flame me and others who are making a go of it......So go ahead with your paranoid end of days rants. I will no longer bother you.

Keep plodding along in life friends.


Quote:
It is not the critic who counts, not the man who points out how the strong man stumbled, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at the best, knows in the end the triumph of high achievement; and who, at worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat.”

Teddy Roosevelt

 

[ptunic]

In case you don't know the system (Communism) is currently practiced in China and that's exactly where we're buying

Ok, so I guess Communism now =

- opening of trade barriers
- increasing the rule of law
- opening up barriers to foreign ownership and investment
- switching to a stable monetary policy
- eliminating many government set prices and allowing the market to set them
- creating a stock market
- lowering the overall size and scope of government
- reducing taxes on capital gains (and recently dividends)
- increasing property rights



-Taric

 

[dddooo]

Quote from ptunic:

Ok, so I guess Communism now =

- opening of trade barriers
- increasing the rule of law
- opening up barriers to foreign ownership and investment
- switching to a stable monetary policy
- eliminating many government set prices and allowing the market to set them
- creating a stock market
- lowering the overall size and scope of government
- reducing taxes on capital gains (and recently dividends)
- increasing property rights



-Taric

Not sure what your point is, that China is not a communist country or what?

At any rate China is ranked #112 out of 155 countries in terms of economic freedoms (North Korea being the worst #155). China is behind Zambia, Chad, Honduras, Azerbaijan, Cambodia, Saudi Arabia etc.

On a scale of 1 to 5 with 5 being the worst here is China's disastrous economic freedom grades:
* Trade Policy 4.0
* Fiscal Burden 4.1
* Government Intervention 3.0
* Monetary Policy 1.0
* Foreign Investment 4.0
* Banking and Finance 4.0
* Wages and Prices 3.0
* Property Rights 4.0
* Regulation 4.0
* Informal Market 3.5

For comparison the USA is ranked #12.

http://www.heritage.org/research/features/index/countries.cfm


Stop fooling yourself that american companies are going to china for freedoms or superior economic policies. The name of the game is Cheap Labor and nothing else.

Having said that I can only add that China is doing good for themselves. At our expense. It's not their fault, it's our own fault. By the time we collectively realize it it's going to be too late.