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| ARE THE GOOD JOBS REALLY GOING TO COME BACK? |
Economists recently announced that the recession ended in November 2001. The White House insists that the economy is coming back, citing increases in the gross domestic product since 2003's second quarter. But administration critics claim that the recession in jobs is permanent because too many jobs are being sent overseas to Asia and south to Mexico. Who is right? Is the economy coming back? Will the so called recovery continue to be jobless? The answers lie in connecting the dots, in this case September's news reports.
Alas, connecting the dots tells a far different story.We are now exporting good, high-paying middle-class jobs in both the manufacturing and white-collar sectors. These jobs are being replaced with dumbed-down, low-pay jobs in retailing (selling blouses at Wal-Mart), fast food (flipping hamburgers at McDonald's), health care (changing bedpans at the local hospice) and other lowly service jobs.Will the jobs come back? Job losses sent overseas are lost forever. When the textile and shoe industries fled New England in the 1930-1960 period, New England suffered, but total textile and shoe manufacturing jobs increased in the U.S. But today's situation is different. As Kevin Brinegar, president of the Indiana Chamber of Commerce, said recently, "It's not just Indiana versus North Carolina or Alabama, but Indiana versus Mexico or Korea or China." Whose recovery is it? News stories report that excessive CEO compensation continues and will be increased with the recovery of the stock market. Because CEO compensation is heavily influenced by lowering costs and improving productivity, there is every incentive for business leaders to continue sending jobs to China as fast as they can. |
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