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this says it all - Watching the Economy Crumble

Thread ID: 19576 | Posts: 2 | Started: 2005-08-11

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JoseyWales [OP]

2005-08-11 18:18 | User Profile

[url]http://www.humaneventsonline.com/article.php?id=8473[/url] by Paul Craig Roberts Posted Aug 9, 2005

The United States continues its descent into the Third World, but you would never know it from news reports of the Bureau of Labor Statistics' July payroll jobs release.

The media give a bare-bones jobs report that is misleading. The public heard that 207,000 jobs were created in July. If not a reassuring figure, at least it is not a disturbing one. On the surface, things look to be pretty much OK. It is when you look into the composition of these jobs that the concern arises.

Of the new jobs, 26,000 (about 13 percent) are tax-supported government jobs. That leaves 181,000 private sector jobs. Of these private sector jobs, 177,000, or 98 percent, are in the domestic service sector.

Here is the breakdown of the major categories: 30,000 food servers and bartenders, 28,000 health care and social assistance, 12,000 real estate, 6,000 credit intermediation, 8,000 transit and ground passenger transportation, 50,000 retail trade and 8,000 wholesale trade. ...


Ponce

2005-08-11 20:24 | User Profile

None of those jobs requires an education and much less a college degree and meanwhile those with a college degree can't find anything.

Soon Americans will be going overseas in order to do the work, that they were doing here, and at a much lower pay but at the same time the standard of living is lower so they will do ok.

DOES ANY ONE HERE WOULD LIKE TO MAKE MONEY?..... do a little bit or research and find out who makes large handbags in China for groceries, with the price of oil going up those "free" plastic bags at the stores will no longer be free do to the fact that it takes one cup of oil to make each one of them.

Back in 1990 I used to buy them for one dollar and resold them for $2.50 I was unable to find more of them after selling around 5,000 of them.

To have them made in China would problably cost around .050 cents and if you add transportation and so on the total price would go up to around 0.65 cents.

You could problably display them at all stores and maybe even get into Wal Mart, sell it to Wallys for 0.75 as long as they pay the freight to their main hubs, you would become millionair with only a 0.10 cent profit.

Why don't I do it? simple I am retired and very comfy, don't need it.

Good luck.