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Jobless Claims Lower

Old 11-18-04, 09:56 AM
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Jobless Claims Lower

Reuters:

WASHINGTON The number of Americans filing first-time claims for unemployment benefits dipped to 334,000 last week, the government said on Thursday, matching economists' forecasts.

Initial claims for jobless aid fell 3,000 in the week ended Nov. 13 from a revised 337,000 the prior week, the Labor Department said. Wall Street economists had expected 334,000 claims after the initially reported 333,000 for the week ended Nov. 6.

A department analyst said the federal government's closure in observance of the Veterans Day holiday during the week had no impact on the data.

The four-week moving average of new claims, considered a more reliable indicator because it smooths weekly volatility, rose to 338,250 from 337,250 in the previous week.

The number of unemployed who remained on the benefit rolls after claiming an initial week of aid fell 16,000 to 2.79 million in the week ended Nov. 6, the latest period for which data are available.
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Old 11-18-04, 10:06 AM
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What are you really trying to say here c-man? Reveal your hidden agenda!

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Old 11-18-04, 10:15 AM
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We're doomed.
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Old 11-18-04, 10:24 AM
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Originally posted by Mutley Hyde
We're doomed.
McJorbs!!!!!!
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Old 11-18-04, 10:33 AM
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Originally posted by Nazgul
McJorbs!!!!!!
Yeah, it's a damn shame, an unfair, opressive evil, that not everyone can be an engineer right out of high school.
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Old 11-18-04, 10:41 AM
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Don't be concerned about being engineers.

Prepare yourself to be a taxi cab driver (or if you're lucky, the owner of a cab) to drive around the foreigners, visiting this country, who will have all the good jobs that the folks in this country use to have.
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Old 11-18-04, 10:54 AM
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i'm looking at going into law

can't outsource lawyers
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Old 11-18-04, 10:55 AM
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Hey man, I'm with you on that. Offshoring, and an influx of immigrants, illegal and legal, are competing for what jobs are left.

Great plan.
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Old 11-18-04, 11:23 AM
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Originally posted by classicman2
Don't be concerned about being engineers.

Prepare yourself to be a taxi cab driver (or if you're lucky, the owner of a cab) to drive around the foreigners, visiting this country, who will have all the good jobs that the folks in this country use to have.


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Old 11-18-04, 11:56 AM
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Originally posted by al_bundy
i'm looking at going into law

can't outsource lawyers
That's not being part of the solution. In fact, it's one of our primary problems.
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Old 11-18-04, 12:21 PM
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Originally posted by classicman2
Don't be concerned about being engineers.

Prepare yourself to be a taxi cab driver (or if you're lucky, the owner of a cab) to drive around the foreigners, visiting this country, who will have all the good jobs that the folks in this country use to have.
Yeah. Americans are too dumb and lazy to compete.
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Old 11-18-04, 12:24 PM
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Originally posted by kvrdave
Yeah. Americans are too dumb and lazy to compete.
No, they don't want to work for $.58 per hour as their Chinese counterparts do - in jobs that the American worker use to make a living wage with benefits, btw.
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Old 11-18-04, 12:32 PM
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i don't think it's really the wages, but the other overhead that goes along with manufacturing in the USA. All the admin of following tens of thousands of regulations, environmental standards or whatever. Why put up with it when you can simply make stuff in asia and pollute the hell out of it without anyone caring?
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Old 11-18-04, 12:34 PM
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Originally posted by al_bundy
i don't think it's really the wages, but the other overhead that goes along with manufacturing in the USA. All the admin of following tens of thousands of regulations, environmental standards or whatever. Why put up with it when you can simply make stuff in asia and pollute the hell out of it without anyone caring?
If that's the case - why don't the companies reduce the price of their goods when they move their operation overseas where the labor cost is less, no govt. regs., no environmental standards, etck.?

On top of that - we give many of them a tax break.
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Old 11-18-04, 12:51 PM
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Originally posted by classicman2
If that's the case - why don't the companies reduce the price of their goods when they move their operation overseas where the labor cost is less, no govt. regs., no environmental standards, etck.?
Actually their prices do go down or don't go up as fast as domestically produced goods. Or the companies just plain get to stay in business.

If demand for foreign-manufactured products went down they would have to lower their prices to where you'd notice it. But it seems people will always buy the product that costs 5 less no matter what the ramifications.
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Old 11-18-04, 01:17 PM
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Originally posted by classicman2
If that's the case - why don't the companies reduce the price of their goods when they move their operation overseas where the labor cost is less, no govt. regs., no environmental standards, etck.?

On top of that - we give many of them a tax break.
Many companies invest the money into other parts of their business or to get into a new business. Take Nike, the cost of making the shoes is pretty low. The money saved goes into advertising.
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Old 11-18-04, 01:25 PM
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The reason they don't reduce prices - they're greedy!

Just admit it.

The thing about this - it can be easily cured.

Simply use the tax code in a totally different manner than we use it now. Instead of giving them tax breaks, you tax the hell out of them. It won't take them long to learn the lesson.
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Old 11-18-04, 01:28 PM
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Originally posted by classicman2
The reason they don't reduce prices - they're greedy!

Just admit it.

The thing about this - it can be easily cured.

Simply use the tax code in a totally different manner than we use it now. Instead of giving them tax breaks, you tax the hell out of them. It won't take them long to learn the lesson.
It's not that simple. I agree that we should at least try to slow the tide, but globalization will lower the level of wealth in the US one way or another. If Levis don't make the Jeans, some foreign investors will figure out how to organize a company and make the jeans anyway, and Americans will buy them because that's what the market demands they do.
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Old 11-18-04, 02:03 PM
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Originally posted by classicman2
The reason they don't reduce prices - they're greedy!

Just admit it.

The thing about this - it can be easily cured.

Simply use the tax code in a totally different manner than we use it now. Instead of giving them tax breaks, you tax the hell out of them. It won't take them long to learn the lesson.
have you ever worked outside the government? the way it works is that there is always a competitor out there that is trying to kill your company off by offering a better and cheaper product. My company along with others are trying to do it to Verizon and other baby bells and so one and so on.


unless we create another trade war like we did in the late 1920's, cheap imports are here to stay.
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Old 11-18-04, 02:17 PM
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That's the point - imports are not cheap.

If you believe that imports are cheap - simply look at the automobile market.

Answer this simple question: Do you believe that it is 'right' for the government to give tax breaks for industries that fire their workers and move their operations overseas?
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Old 11-18-04, 02:28 PM
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i don't think it's right and hope it goes away. but there is also another problem. The US government is the only one in the world that taxes companies based on worldwide profits. All other governments do it based on profits earned in that country. That needs to go away too.

either way cheap imports aren't going to go away. healthcare is going up at double digit rates. It costs a ton of money in legal fees just to get a permit to build a plant. Overseas it's a lot cheaper to build these things.

the reason toyota and honda are able to build cars in the US profitably is because GM has a $1400/car price tag for their benefits costs of current and retired workers. Toyota and Honda don't have unionized workforces, their workforce is younger since they have only been building cars in the US for the last 2 decades and benefits are limited to 401k's for retirement. they take these savings and make better quality cars and look at what americans are buying.
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Old 11-18-04, 02:40 PM
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What is that tax rate - 5%?
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Old 11-18-04, 02:53 PM
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don't know what it is, but no one wants to make stuff here unless it's economical. A lot of companies are even outsourcing the entire manufacturing operation to concentrate on marketing and general business operation.

Look at Nvidia. They are very successful and have never manufactured a thing in their history. Same with Microsoft. They let Solectron and Flextronix build the X-Boxes. Why learn something you don't need to waste time on to enter a new market?
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Old 11-18-04, 08:51 PM
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Originally posted by classicman2
If you believe that imports are cheap - simply look at the automobile market.
Kia? Cheap. Hyundai? Cheap.

While Honda and Toyota are now considered high quality cars, with a price to match, they were originally low priced crap.
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Old 11-18-04, 09:34 PM
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hondas and toyotas are made in canada and the red states
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