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Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=22&topic_id=5633&mesg_id=5682
5682, sounds too close to
Posted by LexM, Wed Mar-19-03 08:00 AM
>you are right and you are wrong. people may not have *those*
>jobs but people still do have jobs. think on a large scale.
>im no expert so bare with me. if every corporation decided
>to send factories over seas then one may ask, what happens
>to those jobs here in the US? well, if the corporations
>yield higher profits because of the move then the economy
>has been strengthened. higher profits means more money put
>into banks. banks can then afford to loan out money to new
>investors or entrepenuers (sp?) who create jobs. if those
>corporations fail, then they wont have any money to put into
>banks or to invest in other companies. they can either seek
>a new loan, which may be turned down or given at a very high
>interest rate, or they can file chapter 11 which protects
>them against their debts. i wont get into how its possible
>for corporations to file protection from loans but it has to
>do with the federal reserve. so it is actually a good thing
>for corporations to go over seas as long as they will profit
>from it.

"trickle down", and we know that doesn't work well. corporations look out for self & higher levels first (w/ few exceptions). the majority, the "regular folks" get screwed. the best way to growth is to give people jobs & benefits, promote job security, and go from there. that helps property taxes which in turn helps schools, which makes more productive people....


>yea, but most of the work is remedial. people with college
>degrees shouldnt be making shoes, they should be designing
>them.

no, i didn't mean that. that's where i got off topic, in a sense.


>good question. i guess that happens on the local level as
>well. here in pennsylvania we've had a hard time retaining
>college graduates to work in the state. i guess not enough
>jobs.

there are jobs to be had and in certain fields, those are the people who have them overwhelmingly.

most of those students just use the u.s. degree for what it's worth, but always w/ the goal of going back home & improving their homeland. which is excellent. i'd do it too if i had the opportunity.

but too many american kids can't read, let alone make it to college...

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