Thursday, February 3, 2011

Long-Term Nonfarm Payroll Growth



Ouch.

Vol. 1 No. 4 Winter / 2003
Outsourcing Essentials

Say Good-Bye to the 1990s

Despair.com: Discovery

A company that will go to the ends of the Earth for its people will find it can hire them for about 10% of the cost of Americans.

Source Data:
St. Louis Fed: Total Nonfarm Payrolls

7 comments:

In Hell's Kitchen said...

All these last-30-year trends you're
putting forth can be attributed to
a single person. We're currently
celebrating the centennial of his
birth. He (his string-pullers really)
made sure this country won't last
another 100 years.

Stagflationary Mark said...

In Hell's Kitchen,

June 11, 1993
Reaganomics, With a Mexican Accent

Naftanomics is Reaganomics with a Mexican accent. Though proponents argue otherwise, it is almost certain that Nafta, if ratified, will tend to depress U.S. wage, benefit and consumer-safety levels toward those of Mexico. Many well-paid U.S. breadwinners in the Rust Belt and Sun Belt will lose their jobs to poorly paid Mexicans in shantytowns. Nor will most displaced U.S. workers move from sunset to sunrise industries. If the 1980's are a precedent, they will go to work in low-paying service jobs at a fraction of their former salaries.

Anonymous said...

"Many well-paid U.S. breadwinners in the Rust Belt and Sun Belt will lose their jobs...they will go to work in low-paying service jobs at a fraction of their former salaries."

http://www.financialarmageddon.com/2011/01/statistics-worthy-of-detroit-or-newark.html

Well its beyond tht now--

>>Poor inner cities in the Midwest and north-east still have higher overall poverty rates, but in recent years, notes Elizabeth Kneebone of the Brookings Institution, a think-tank, poverty has grown fastest in the suburbs, especially in the sunbelt. A third of America’s poor, she notes, now live in suburban areas. Many cities in the sunbelt, adds Margaret Simms of the Urban Institute, are suffering from what it calls “double trouble”, meaning a plunge both in property values and employment, with concomitant jumps in poverty. This trend is significant, says Scott Allard of the University of Chicago, since it is harder for the poor to seek assistance and to hunt for jobs amid the suburban sprawl.<<

You can blame it on Reagan if you want, but he was just a puppet of banksters, like all that followed--they are just spreading their joy to the rest of the world now--see Egypt, Tunsia, etc.

Anonymous said...

http://www.youtube.com/watch?v=u1pah7SJxDE

Can you spot Reagan here--along with the others.

Stagflationary Mark said...

Anonymous,

Can you spot Reagan here--along with the others.

I can, lol. Sigh.

getyourselfconnected said...

I think there is a graph somewhere that show the EXPLOSION of the finance sector from 1980 something to now. I guess we export crap bonds and mortgages, but it works!

Mark, gotta see my Dune tie in for The Bernank tonight!

verification word is:
lisamiem
dont they know I imbibe on Thursday night???

Stagflationary Mark said...

GYSC,

Just don't make me spell Kwisatz Haderach!

I had to copy and paste it from your site to even stand a chance, lol.