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SeC 02-14-2006 03:57 AM

Forget Iran, Americans Should be Hysterical About This
 
Forget Iran, Americans Should be Hysterical About This

Nuking the Economy

By PAUL CRAIG ROBERTS

Last week the Bureau of Labor Statistics re-benchmarked the payroll jobs data back to 2000. Thanks to Charles McMillion of MBG Information Services, I have the adjusted data from January 2001 through January 2006. If you are worried about terrorists, you don’t know what worry is.

Job growth over the last five years is the weakest on record. The US economy came up more than 7 million jobs short of keeping up with population growth. That’s one good reason for controlling immigration. An economy that cannot keep up with population growth should not be boosting population with heavy rates of legal and illegal immigration.

Over the past five years the US economy experienced a net job loss in goods producing activities. The entire job growth was in service-providing activities--primarily credit intermediation, health care and social assistance, waiters, waitresses and bartenders, and state and local government.

US manufacturing lost 2.9 million jobs, almost 17% of the manufacturing work force. The wipeout is across the board. Not a single manufacturing payroll classification created a single new job.

The declines in some manufacturing sectors have more in common with a country undergoing saturation bombing during war than with a super-economy that is “the envy of the world.” Communications equipment lost 43% of its workforce. Semiconductors and electronic components lost 37% of its workforce. The workforce in computers and electronic products declined 30%. Electrical equipment and appliances lost 25% of its employees. The workforce in motor vehicles and parts declined 12%. Furniture and related products lost 17% of its jobs. Apparel manufacturers lost almost half of the work force. Employment in textile mills declined 43%. Paper and paper products lost one-fifth of its jobs. The work force in plastics and rubber products declined by 15%. Even manufacturers of beverages and tobacco products experienced a 7% shrinkage in jobs.

The knowledge jobs that were supposed to take the place of lost manufacturing jobs in the globalized “new economy” never appeared. The information sector lost 17% of its jobs, with the telecommunications work force declining by 25%. Even wholesale and retail trade lost jobs. Despite massive new accounting burdens imposed by Sarbanes-Oxley, accounting and bookkeeping employment shrank by 4%. Computer systems design and related lost 9% of its jobs. Today there are 209,000 fewer managerial and supervisory jobs than 5 years ago.

In five years the US economy only created 70,000 jobs in architecture and engineering, many of which are clerical. Little wonder engineering enrollments are shrinking. There are no jobs for graduates. The talk about engineering shortages is absolute ignorance. There are several hundred thousand American engineers who are unemployed and have been for years. No student wants a degree that is nothing but a ticket to a soup line. Many engineers have written to me that they cannot even get Wal-Mart jobs because their education makes them over-qualified.

Offshore outsourcing and offshore production have left the US awash with unemployment among the highly educated. The low measured rate of unemployment does not include discouraged workers. Labor arbitrage has made the unemployment rate less and less a meaningful indicator. In the past unemployment resulted mainly from turnover in the labor force and recession. Recoveries pulled people back into jobs.

Unemployment benefits were intended to help people over the down time in the cycle when workers were laid off. Today the unemployment is permanent as entire occupations and industries are wiped out by labor arbitrage as corporations replace their American employees with foreign ones.

Economists who look beyond political press releases estimate the US unemployment rate to be between 7% and 8.5%. There are now hundreds of thousands of Americans who will never recover their investment in their university education.

Unless the BLS is falsifying the data or businesses are reporting the opposite of the facts, the US is experiencing a job depression. Most economists refuse to acknowledge the facts, because they endorsed globalization. It was a win-win situation, they said.

They were wrong.

At a time when America desperately needs the voices of educated people as a counterweight to the disinformation that emanates from the Bush administration and its supporters, economists have discredited themselves. This is especially true for “free market economists” who foolishly assumed that international labor arbitrage was an example of free trade that was benefitting Americans. Where is the benefit when employment in US export industries and import-competitive industries is shrinking? After decades of struggle to regain credibility, free market economics is on the verge of another wipeout.

No sane economist can possibly maintain that a deplorable record of merely 1,054,000 net new private sector jobs over five years is an indication of a healthy economy. The total number of private sector jobs created over the five year period is 500,000 jobs less than one year’s legal and illegal immigration! (In a December 2005 Center for Immigration Studies report based on the Census Bureau’s March 2005 Current Population Survey, Steven Camarota writes that there were 7,9 million new immigrants between January 2000 and March 2005.)

The economics profession has failed America. It touts a meaningless number while joblessness soars. Lazy journalists at the New York Times simply rewrite the Bush administration’s press releases.

On February 10 the Commerce Department released a record US trade deficit in goods and services for 2005--$726 billion. The US deficit in Advanced Technology Products reached a new high. Offshore production for home markets and jobs outsourcing has made the US highly dependent on foreign provided goods and services, while simultaneously reducing the export capability of the US economy. It is possible that there might be no exchange rate at which the US can balance its trade.

Polls indicate that the Bush administration is succeeding in whipping up fear and hysteria about Iran. The secretary of defense is promising Americans decades-long war. Is death in battle Bush’s solution to the job depression? Will Asians finance a decades-long war for a bankrupt country?

Paul Craig Roberts was Assistant Secretary of the Treasury in the Reagan administration. He was Associate Editor of the Wall Street Journal editorial page and Contributing Editor of National Review. He is coauthor of The Tyranny of Good Intentions.He can be reached at: paulcraigroberts@yahoo.com

http://counterpunch.org/roberts02112006.html

Ozzy_dopster 02-14-2006 01:51 PM

Re: Forget Iran, Americans Should be Hysterical About This
 
Good thing I'm a independent businessman. Self-employment should be the easiest thing in the country to do, not the hardest. Someone get lucky and build an empire (e.g. Ray Crock, Bill Gates, et al) they fortify the economic infrastructure. In fact, college students, especially those with government grants or loans, should have a "Student Self-Employment" card which streamlines the whole buisiness/taxation process.
I mean, buy a lawnmower and edger; buy a carpet vacuum and a steam cleaner, etc.

Barbara 02-14-2006 03:45 PM

Re: Forget Iran, Americans Should be Hysterical About This
 
This article is so full of excrement that I had to hold my nose to copy it. This female lies through her teeth about jobs "trending upward" in 2005. She is pulling this stuff out of thin air!!

Note specifically, the job classifications; this, from what was one of the most productive countries on the globe. When you have read it, perhaps you will send me a note and tell me what we are supposed to export to try and offset our ungodly trade imbalance.

Note, too, those fantastic salaries. Most are at or near the poverty level and inflation just keeps on rising. Since this is a 10 year prediction, I predict we are up Shit Creek in a chicken wire canoe without a paddle!

Forget college. If you can afford it, go buy yourself a broom, mop and bucket and join the rank and file of new entrepreneurs, your future awaits.
**************************************************

Top 25 Jobs for 2006

Kate Lorenz, CareerBuilder.com Editor

What's in store for the millions of professionals -- new and old -- who will be putting on their job searching hats in 2006? Will unemployment rates remain around the current 5 percent range? Will employment numbers continue to trend upward, as they did for most of 2005?

Many sources note the job market landscape will continue to improve in a number of areas. Coming in at No. 1 is retail salesperson -- which is projected to increase by 736,000 jobs from now through 2014, according to the Bureau of Labor Statistics (BLS).

These 25 occupations account for 8 million new jobs and about 40 percent of total job growth over the next decade. They are from a broad range of industries requiring varying degrees of training and salaries. Here are the top 25 jobs for 2006, as reported by the BLS:


1. Retail Salesperson
What it pays: $22,880
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 736,000


2. Registered Nurse
What it pays: $55,680
Minimum training needed: Associate's degree
New jobs by 2014: 703,000


3. Postsecondary Teacher
What it pays: $62,032
Minimum training needed: Doctoral degree
New jobs by 2014: 524,000


4. Customer Service Rep
What it pays: $29,350
Minimum training needed: Moderate-term on-the-job training
New jobs by 2014: 471,000


5. Janitor or Cleaner (except maids and housekeeping cleaners)
What it pays: $20,800
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 440,000


6. Waiter/Waitress
What it pays: $15,980
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 376,000


7. Combination Food Preparation and Serving Worker
What it pays: $17,850
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 367,000


8. Home Health Aide
What it pays: $19,200
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 350,000


9. Nursing Aid, Orderly, Attendant
What it pays: $21,890
Minimum training needed: Postsecondary vocational award
New jobs by 2014: 325,000


10. General and Operations Manager
What it pays: $93,580
Minimum training needed: Bachelor's degree plus work
New jobs by 2014: 308,000


11. Personal and Home Care Aide
What it pays: $17,560
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 287,000


12. Elementary School Teacher
What it pays: $46,350
Minimum training needed: Bachelor's degree
New jobs by 2014: 265,000


13. Accountant and Auditor
What it pays: $57,160
Minimum training needed: Bachelor's degree
New jobs by 2014: 264,000


14. Office Clerk
What it pays: $24,440
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 263,000


15. Hand Laborer and Freight, Stock and Material Mover
What it pays: $22,190
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 248,000


16. Receptionist and Information Clerk
What it pays: $22,900
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 246,000


17. Landscaping and Groundskeeping Worker
What it pays: $22,260
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 230,000


18. Truck Driver, Heavy and Tractor Trailer
What it pays: $34,920
Minimum training needed: Moderate-term on-the-job training
New jobs by 2014: 223,000


19. Computer Applications Software Engineer
What it pays: $78,570
Minimum training needed: Bachelor's degree
New jobs by 2014: 222,000


20. Maintenance and Repair Worker
What it pays: $32,290
Minimum training needed: Moderate-term on-the-job training
New jobs by 2014: 202,000


21. Medical Assistant
What it pays: $25,860
Minimum training needed: Moderate-term on-the-job training
New jobs by 2014: 202,000


22. Executive Secretary and Administrative Assistant
What it pays: $37,350
Minimum training needed: Moderate-term on-the-job training
New jobs by 2014: 192,000


23. Sales Representative, Wholesale and Manufacturing
What it pays: $54,500
Minimum training needed: Moderate-term on-the-job training
New jobs by 2014: 187,000


24. Carpenter
What it pays: $38,250
Minimum training needed: Long-term on-the-job training
New jobs by 2014: 186,000


25. Teacher Assistant
What it pays: $20,750
Minimum training needed: Short-term on-the-job training
New jobs by 2014: 183,000

*All earnings are averages from November 2005 BLS information


Kate Lorenz is the article and advice editor for CareerBuilder.com. She researches and writes about job search strategy, career management, hiring trends and workplace issues.

Copyright 2006 CareerBuilder.com.

2006-01-24 16:27:02

http://jobs.aol.com/article?id=20060124162709990001

Indred 02-14-2006 05:26 PM

Re: Forget Iran, Americans Should be Hysterical About This
 
Americans do not understand numbers. Beyond a certain point, they can no longer understand the amount the number represents. Remember a president who is in office now said and continues to say that the rich need and deserve a tax break. This statement defies understanding, but most Americans pretend to understand it. In my experience this is how one gets rich and no other way.
1. You inherit it.
2. You marry it.
3. You steal it.
All great fortunes begin with stealing in one form or another. Greed is the key to and the destroyer of this world wide society. I can do nothing about this except protect myself and that is what I am doing and no I am not investing in the Las Vegas known as the stock market. I suggest everyone who visits this forum take a reality check using their own senses and decide what you think the outcome of this current world situation will be. Yes it has all been planned and most have fallen for it and yes it will not be to the majority's good.

earthspirit 02-17-2006 08:51 AM

Re: Forget Iran, Americans Should be Hysterical About This
 
Ah! Isn't it lovely to see all these "service/servant" type of jobs expanding.

PS: Nurse Aides do NOT make that type of yearly salary. What's happening in the South with these jobs is that the salaries are NOT going up, and the poor Nursing Home Nurse Aide is getting more residents to take care of. My neighbor's daughter has 32-35 patients alone on her wing!!!
The only time the Aide's double up is when there is a heavy lift involved, then they call out for another Aide to give a hand. Otherwise, the salary is weak, the work is "overload"!!!

As far as office clerks, like the old-fashioned 'gal-friday' type------salaries are low.

Yes, these jobs are growing in numbers---but it's all in the 'plan'.

Yes, slavery in disguise!

Ozzy_dopster 02-23-2006 10:29 AM

Re: Forget Iran, Americans Should be Hysterical About This
 
And let's not forget that "A Job" is not food for the family; "A Job" is n't affordable housing, etc. = I'll bet that most of those new service jobs will be in middle to high class areas where those same workers couln't even dream of buing a house or renting. So they get on a bus in Cowpolk, NY, so they can ride four hours into Snobbitsville, CT for a six-dollar-an-hour "Job". Yeah, right! Tell me that this won't create a new problem!


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