Management and Human Resources
 

Search
Business Know-How

Labor Law Posters


Compliance and HR

- Labor Law Posters
- Safety Posters
- Employee Handbook
- Employment Forms
- Payroll Software
- Payroll Services
- Restaurant Posters
- HR Training & Tools
 
Legal and Financial
- Incorporate Online
- Merchant Accounts
- Business Loans
 
Productivity & News
- Do-It-Yourself Email
- Free Magazines
- Templates &
  Productivity Tools
- Find Jobs, Find
  Employees
 
Small business and home business ideas and advice on marketing, employees, financing, and start-up.
Ask BKH 
Business Ideas
Business Plans
Career 
Franchise Information
Growth & Leadership
Home Business
Human Resources
Internet Business
IRS Resources
Law
Mailing & Shipping
Marketing
Management
Money & Finance
Small Business Blog
Starting a Business
Tips & Hints

Event & Party Planning
Medical Transcription
Secretarial Businesses
Writers & Publishers
Of Thee I Sing
 

Polls
Associations
iPhone Help
More Resources
Online Florist


Welcome
Feedback
Who we are
Site Map
 

 

Add to Google Reader
Add to My Yahoo!
Subscribe in NewsGator Online

XML

 

 

If the Economy is Getting Better,
Where Are the Jobs?

by Gregory P. Smith

President George Bush says the "economy is showing signs of promise."

Productivity — the amount an employee produces for each hour of work — increased at an annual rate of 6.8 percent during the April-to-June quarter. This was "stronger" than the government’s first estimate of a 5.7 percent growth rate according to MSNBC news.

At the same time the labor department said new applications for jobless benefits rose by 15,000 to 413,000 for the week ending August 30, 2003. Corporate profits are improving--layoffs are slowing. Economists appear pleased, but many of your friends are still looking for work. If the economy is improving, where are the jobs?

Much of the U.S. job growth in the past several months has come from lower paying, less skilled jobs such as food, office assistants, and other service sector jobs.

Going, going, gone.
One reason jobs are harder to find is many of them have been outsourced and sent overseas. Forester Research estimates by 2015 over 3.36 million jobs will be exported. In the 1990's, over 800,000 jobs went to China. (U.S. News and World Report) It goes without saying that along with the evaporation of these jobs so goes $136 billion dollars worth of annual wages. In June, the Conference Board sponsored the 2003 Strategic Outsourcing Conference. According to the Atlanta Journal-Constitution, (June 27) over 125 executives attended this conference to learn how to export jobs to other countries such as to "India, Philippines, China, Malaysia, and elsewhere."

A factory worker in China makes about $200 a month. On the other hand, U.S. autoworkers make that much in one day or less. This comes at no surprise that Hondas and Toyotas are outselling most American made automobiles. On the wave of cheap labor, GM is the first U.S. automaker to build a plant in China and expects to increase production by 50%. All-in-all this country is importing more than it exports creating a huge trade deficit.

Crisis or opportunity?
We live in a global economy. When it comes to commerce, territorial borders disappear. China has the 6th largest economy in the world and is growing at 8% a year, while the U.S. is creeping along at 2-3%. More jobs overseas means more profits for U.S. multinational companies. Currently, Wal-Mart is China's 8th largest trading partner according to U.S. News and World Report spending $12 billion last year on Chinese made products.

Books by this Author:


 

 

I don't pretend to be an economist, but you don't have to be a rocket scientist to see a storm on the horizon. Most of us have felt the impact of this economy on our wallets. Sure, healthcare and the government sector jobs are growing by leaps and bounds. But, I am concerned that for most of us the future is still in question.

In the "old days" good skills and a good education meant you were guaranteed a good paying job. This is changing for many career fields and certainly is not true if your job is exported. There is going to be a long-term impact on your lifestyle, not to mention your spending power.

Will this country become a nation of "haves and have-nots?" In order for this country to stay competitive we need to readjust our expectations, maybe even our wages. Every business must focus on innovation and new job growth. Take advantage of every productivity enhancement available. And for those who have lost their job, don't be afraid to learn a new career.


Gregory P. Smith shows businesses how to build productive and profitable work environments that attract, keep and motivate their workforce. He is a popular speaker and author of the book, Here Today Here Tomorrow: Transforming Your Workforce from High-Turnover to High-Retention. He speaks at conferences, conducts management training and is the President of a management consulting firm called Chart Your Course International located in Conyers, Georgia. Phone him at 770-860-9464. More articles available: http://www.chartcourse.com 

 

 

 
 

State and Federal Combined Labor Law Posters

Required State, Federal and OSHA Labor Law Posters

Attractive, laminated poster combines  state, federal, OSHA and USERRA required labor law notices on one laminated poster.  Order Now.
 

 

Employment Application Forms

Store application and other employment forms you need on your own computer and print them as needed. Available for at-will and
just-cause
states. Details >>

 

 
Get free marketing, sales, advertising and management ideas delivered to your inbox.
 
Subscribe to the Business Know-How Newsletter
 
Primary Email Address:
 
We respect your
email privacy!
 
safety posters
 

 

 
 

This Week's New Articles

 Share This Article:

ADD TO GOOGLE
ADD TO DEL.ICIO.US
ADD TO DIGG
ADD TO REDDIT
ADD TO YAHOO MYWEB
 

 

ADD TO STUMBLEUPON
ADD TO TECHNORATI FAVORITES
ADD TO SQUIDOO
ADD TO ASK
 

 

Disclaimer
[Article Submission Guidelines]
[Welcome] [About Us] [Advertise]
[Small Business (home page)] [Marketing] [Direct Mail Ideas] [Human Resources] [Money Management]
[Business Loans] [Franchise] [Start A Business] [Home Business] [Tips & Hints] [Bulletin Board] [Ask Business Know-How] [Blog]
[Legal Know-How] [MLM Know-How] [Career] [Survey] [Feedback] [Free Newsletter]
Privacy Statement

The information compiled on this site is Copyright 1999-2008 by Attard Communications, Inc. and by the individual authors.
Business Know-How is a woman-owned business and a registered trademark of Attard Communications, Inc. Phone: 631-467-8883.

http://www.businessknowhow.com