Job loss has been much discussed lately here on the L. Robert Reich, a
liberal economist and Secretary of Labor in the Clinton administration, had
this to say about the loss of manufacturing jobs:

"America has been losing manufacturing jobs to China, Latin America and the
rest of the developing world. Right? Well, not quite. It turns out that
manufacturing jobs have been disappearing all over the world. Economists at
Alliance Capital Management in New York took a close look at employment
trends in 20 large economies recently, and found that since 1995 more than
22 million factory jobs have disppeared.

In fact, the United States has not even been the biggest loser. Between
1995 and 2002, we lost about 11 percent of our manufacturing jobs. But over
the same period, the Japanese lost 16 percent of theirs. And get this: Many
developing nations are losing factory jobs. During those same years, Brazil
suffered a 20 percent decline.

Here's the real surprise. China saw a 15 percent drop. China, which is fast
becoming the manufacturing capital of the world, has been losing millions
of factory jobs.

What's going on? In two words: Higher productivity. "

Full article at http://www.tompaine.com/feature2.cfm/ID/9322

--
Tom Brandt
Northtech Systems, Inc.
130 S. 1st Street, Suite 220
Ann Arbor, MI 48104-1343
http://www.northtech.com/

* To join/leave the list, search archives, change list settings, *
* etc., please visit http://raven.utc.edu/archives/hp3000-l.html *