Thanks to Offshoring, China's economy has grown 10% at the expense of OUR ECONOMY

[Slowlane]

That's because you have nothing to say. This subject matter is far beyond you.

You don't know anything about economics. Not a god damned thing. All you have ever done is talk about theories that you don't even understand, and which are outdated, disproven and not even marginally useful any more.

I haven't said anything but I talked about outdated theories?

You are one sick dude.

 

[shoulderblade]

aside to landslider2000

You mentioned that you lived in Shanghai for several years. Exactly how stressing is it.

I have a personal stake in this but absolutely no experience of eastern cities whatsoever.

 

[phrodeau]

Once again, that is an untrue statement.
The proof is here: http://www.bls.gov/news.release/empsit.t12.htm

Have you actually looked at this "proof" you keep posting?

There is one set of statistics, and it doesn't even say whether they're foreign or domestic, nationwide or regional.

You'd better have a word with your puppet master.

 

[unregistered]

 

[landslider2000]

As said above, unemployment in the US is a hair below 5. That was an accurate and recent figure.

As said above, unemployment is double that in many parts of the EU. That was also an accurate and recent figure.

When I lived in China, it was not very stressful because we were in a sort of enclave. Of course, it felt initially awkward running outside. And my size (6'4" was unusual there).

 

[Le Jacquelope]

As said above, unemployment in the US is a hair below 5. That was an accurate and recent figure.

As said above, unemployment is double that in many parts of the EU. That was also an accurate and recent figure.

What you said was flat out wrong. EU's unemployment rate is 1% over ours.

 

[shoulderblade]

re big picture numbers

Not sure that dueling over stats such as unemployment numbers really hits the mark.

I live in Canada, SW Ontario, and here, despite cheery overall numbers the actual standard of living seems to be dropping. Canada has unemployment at 30 yr. lows and a federal gov. which is racking up 8 yr. in a row of surpluses and paying off public debt BUT:

Car insurance rates are up.

Gasoline prices are up.

Electricity prices are up.

Home heating prices, mainly fuel oil and natural gas, are up.

Municipal tax rates go up every year.

Sure maybe your house is worth more and the Cdn$ is worth more but what good does that do you?

It looks from here that as real growth slows to near zero the actual standard of living drops due to increasing costs.
i.e. Emerging economies distort commodity patterns by creating additional demand. What would the price of oil or copper or nickel etc. be right now if there were no 'emerging nations' to up the demand side?

 

[Le Jacquelope]

Well said, shoulderblade. Isn't offshoring supposed to lower the cost of living?

 

[shoulderblade]

well

Is offshoring supposed to lower the cost of living? Maybe it would if I lived on cheap textiles and CD players.

As stated in my post above the trend here is clearly toward a higher cost of living.

Furthermore the higher Cdn. dollar and the rise of commodities threatens established industries. Despite a 'world price' of whatever for coal the Chinese must be able to produce it cheaper considering lower labour costs and a ratty infrastructure which allows the deaths of thousands of workers.

The only recourse a person has to reduced spending power is reduced spending (slower economy) or debt (deferred reduced spending).

Not a rosy Picture.

 

[Le Jacquelope]

LOL, shoulderblade, you have a little TOO much common sense for the Repigs who used to hang out here. No wonder they turned tail and fled...

 

[dagdag]

One mad man throws a rock to a well, and it takes hundreds of smart men to figure out how to get it out.