“Jobs” means payroll…

… which comes out of profits and CEO salaries. NOW I understand.

By Jack E. Lohman

Employees are, very simply, not desirable. Especially high-priced ones. And they are all “high-priced” when compared to China and India’s, so outsourcing becomes a business decision.

But how good is that decision if they have left behind a population that can’t afford their product? For short-term CEOs it doesn’t matter. Off-shoring to them adds wealth.

But off-shoring by itself is not the only cause of our downturn; technology and automated manufacturing by robots has contributed.

Newt Gingrich has it right…

Do NOT pay someone to sit at home sulking, mandate that they attend retraining classes in needed professions! Like engineering and health care and education. Either that, or sweeping city sidewalks!

How to pay for it? How about a temporary increase in high-end taxes?

And Mitt Romney has some good ideas…

He wants to cut any spending programs that benefits China!!! How about that?

But none — absolutely NONE — of these cuts will occur as long as our politicians are getting a piece of the action. He knows that, yet opposes public funding of campaigns. Go figure.

3 Responses to “Jobs” means payroll…

  1. And incidentally, the more automated we get the less outsourcing is needed. But the more engineers we will need, thus education is greatly in need. Problem is, right now, the US stands far down on that list as well. And importing people will become the problem.

  2. GreggP says:

    As an unemployed engineering manager, I’d like to ask what sort of re-training would you recommend for me? Earlier in my career, I was one of those guys who helped develop some of the automation technology. I created software programs that generated machine instructions (numerical code for CAM systems) from CAD drawings.

    Some politicians believe that if all the unskilled workers are given new skills, unemployment will improve. However, I think people need to understand that many educated, skilled workers have also lost their jobs. Some of this is due to outsourcing, but some of it is due to the current poor economic conditions. If there isn’t enough demand for products, there isn’t going to be more production.

    • Yea, that’s a tough situation Gregg. Obviously there is no one clear-cut answer, but I can assure you of one thing… if the politicians were not taking cash bribes they’d find the answer. And damned fast! But right now they benefit from a depressed market.

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