Go back to previous topic
Forum nameOkay Activist Archives
Topic subjectRE: good question!
Topic URLhttp://board.okayplayer.com/okp.php?az=show_topic&forum=22&topic_id=5633&mesg_id=5686
5686, RE: good question!
Posted by explizit, Thu Mar-20-03 12:50 AM
>>yeah, but we don't *see* the money. the corporations/ceos
>>do. but not "us". americans don't have those jobs, they're
>>not getting paid the money, they're not spending that money
>>or investing it here.
>
>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.
>

Ya but what kind of jobs do these investors and entrepenuers create? Do they create jobs for those who lost their jobs over here? this isnt gauranteed. Certain corps. increase their profits by moving jobs over seas but all that does is increase the unemployment rates over here, hence negatively affecting the stock market. There are very few positives in moving jobs overseas. come on now.
>>it's kind of like educating kids from foreign countries in
>>engineering, business, computers, etc (not that i mind), but
>>ignoring our own college-bound kids. it's shooting yourself
>>in the foot.
>
>yea, but most of the work is remedial. people with college
>degrees shouldnt be making shoes, they should be designing
>them.
>
>>i wonder what percentage of far eastern, indian, etc.
>>students in those kinds of fields wind up going back home to
>>use those skills.
>
>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.