Wednesday, November 02, 2005

Earth is exporting manufacturing jobs.

"In fact, between 1995 and 2002, China lost 15 million manufacturing jobs, compared with a loss of 2 million manufacturing jobs in the U.S."
Paul Solman

"...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 twenty large economies recently and found that since 1995 more than 22 million factory jobs have disappeared...

"Between 1995 and 2002, we lost about 11 percent of our manufacturing jobs ... the Japanese lost 16 percent of theirs ... Brazil suffered a 20 percent decline... Here’s the real surprise. China saw a 15 percent drop. ..."
Robert Reich
Either this is good news for us here on Earth -- productivity is increasing in manufacturing just as it did formerly in agriculture, so more goods are being produced at less labor cost, so we are becoming much richer in goods as well as food relative to the labor needed to obtain them -- or it's at last time to throw up protectionist barriers against the Gamma Quandrant and finally stop those bastards from underpricing us.