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Jobs Go, Health Follows

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Gory details inside, well we did warn you (if a little late).

http://commentisfree.guardian.co.uk/richar...th_follows.html

Jobs go, health follows

Globalisation experts are predicting a shortage of jobs in developed economies. When employment is lost, poor health often results.

Richard Smith

September 24, 2007 10:00 AM | Printable version

About a third of jobs in developed economies like Britain may be lost to globalisation. That is the conclusion not of opponents of globalisation but of an increasing number of economists who are enthusiasts for globalisation.

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Who'd have thought that exporting jobs to the cheapest providers could ever be to the detriment of our economy.

We've gone double or quits.

For the jobs that couldn't be exported (becuase they actually needed to be done in place) we've invited an army of cheap labour to displace existing employees (or future employees).

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True to form. And boy does this guy have form having just come from the BOE.

Thick as theieves the lot of them.

http://business.guardian.co.uk/story/0,,2167135,00.html

CBI chief urges unions to embrace globalisation

Mark Milner, industrial editor

Wednesday September 12, 2007

The Guardian

The CBI chief Richard Lambert yesterday warned trade unions that Britain could not turn its back on globalisation without disastrous consequences for the economy, draining it of capital and talent.

Speaking at the TUC conference in Brighton, he also defended private equity, which has been the subject of fierce attacks from the unions, saying it had taken on a different role in the economy after enjoying huge expansion.

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Exporting jobs isnt necessarily a bad thing. The idea is that it frees up to do more productive things. Why do you not raise a cow in your garden to provide your milk each morning? Because your time is better spent doing something else.

Of course some people lose out big time. Take a look through history, look up "creative destruction" as an economic concept. If some peeps round here had their way we'd still be hand sewing our clothes in cottages. And yes when industrialisation came along people were up in arms and many did lose their income.

I wonder if some round here havent really studied ecomomics. There seems to be poor understanding of what globalisation is about. Trade is very important and can make us all better off. It allows us to concentrate on the things we are good at.

Yes, you are right, if you are good at nothing then you are in trouble. This is why education and the investment in skill is actually more important than many realise. If you have an unskilled job and expect to earn 10x as much you need to be 10x as productive! But unskilled labour is the same anywhere in the world and there are only 24hrs in a day. So you cant compete. This is why I feel sorry for people who didnt work at school, or pick up a trade etc. But who's fault is that?!

So yeah, creative destruction sucks if its your job thats been destroyed. So what's the answer? The government needs to step in and help those who are displaced. In the short term the welfare system is there, in the long term people need to be retrained and need to move into other areas. The more human capital you have the more flexible and mobile you can be.

Whether its labelled globalisation or modernisation or whatever, this will and always has happened. But it doesnt have to be the end. People adapt and move on. Increased productivity and output makes goods and services cheaper freeing us up to do more of what we enjoy. This has enables us to have more free time, more holidays, more luxuries than ever before.

Sure there is a balance and some get hurt along the way. But soz im never going to agree that standing still is a better alternative. Would you all rather we created more jobs by having people do meaningless and unnecessary tasks. Yeah lets dump computers and employ clerks and secretaries, lets dump robots and hand build everything, lets dump automated textile factories and sew by hand. Will this really make us more productive? Will it really increase our GDP? will it really create more wealth for the country and fund our schools, hospitals, infrstructure, will it really allow more of us time to go on holiday, enjoy luxury items, etc?

Come on peeps, why not do a bit of wider reading than responding to reactionary crusties who fear progress and dont really quite understand the impact of what they are saying. If you really think we were better off in a Victorian society then please go read some history books.

Good day.

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Exporting jobs isnt necessarily a bad thing. The idea is that it frees up to do more productive things. Why do you not raise a cow in your garden to provide your milk each morning? Because your time is better spent doing something else.

i dont have a garden and there are laws about having a cow and using its milk, other wise i would.

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Exporting jobs isnt necessarily a bad thing. The idea is that it frees up to do more productive things. Why do you not raise a cow in your garden to provide your milk each morning? Because your time is better spent doing something else.

Of course some people lose out big time. Take a look through history, look up "creative destruction" as an economic concept. If some peeps round here had their way we'd still be hand sewing our clothes in cottages. And yes when industrialisation came along people were up in arms and many did lose their income.

I wonder if some round here havent really studied ecomomics. There seems to be poor understanding of what globalisation is about. Trade is very important and can make us all better off. It allows us to concentrate on the things we are good at.

Yes, you are right, if you are good at nothing then you are in trouble. This is why education and the investment in skill is actually more important than many realise. If you have an unskilled job and expect to earn 10x as much you need to be 10x as productive! But unskilled labour is the same anywhere in the world and there are only 24hrs in a day. So you cant compete. This is why I feel sorry for people who didnt work at school, or pick up a trade etc. But who's fault is that?!

So yeah, creative destruction sucks if its your job thats been destroyed. So what's the answer? The government needs to step in and help those who are displaced. In the short term the welfare system is there, in the long term people need to be retrained and need to move into other areas. The more human capital you have the more flexible and mobile you can be.

Whether its labelled globalisation or modernisation or whatever, this will and always has happened. But it doesnt have to be the end. People adapt and move on. Increased productivity and output makes goods and services cheaper freeing us up to do more of what we enjoy. This has enables us to have more free time, more holidays, more luxuries than ever before.

Sure there is a balance and some get hurt along the way. But soz im never going to agree that standing still is a better alternative. Would you all rather we created more jobs by having people do meaningless and unnecessary tasks. Yeah lets dump computers and employ clerks and secretaries, lets dump robots and hand build everything, lets dump automated textile factories and sew by hand. Will this really make us more productive? Will it really increase our GDP? will it really create more wealth for the country and fund our schools, hospitals, infrstructure, will it really allow more of us time to go on holiday, enjoy luxury items, etc?

Come on peeps, why not do a bit of wider reading than responding to reactionary crusties who fear progress and dont really quite understand the impact of what they are saying. If you really think we were better off in a Victorian society then please go read some history books.

Good day.

Except, now nearly all the competitive advantage is being lost to "emerging countries". Chinese engineers are nearly as good as UK ones nowadays. Same goes for IT people, Marketing and everything else. Once the UK (for example) loses the capacity to spend through debt, the game is over. Until, we become the cheaper choice.

Painful process, should I add.

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Exporting jobs isnt necessarily a bad thing. The idea is that it frees up to do more productive things. Why do you not raise a cow in your garden to provide your milk each morning? Because your time is better spent doing something else.

Of course some people lose out big time. Take a look through history, look up "creative destruction" as an economic concept. If some peeps round here had their way we'd still be hand sewing our clothes in cottages. And yes when industrialisation came along people were up in arms and many did lose their income.

I wonder if some round here havent really studied ecomomics. There seems to be poor understanding of what globalisation is about. Trade is very important and can make us all better off. It allows us to concentrate on the things we are good at.

Yes, you are right, if you are good at nothing then you are in trouble. This is why education and the investment in skill is actually more important than many realise. If you have an unskilled job and expect to earn 10x as much you need to be 10x as productive! But unskilled labour is the same anywhere in the world and there are only 24hrs in a day. So you cant compete. This is why I feel sorry for people who didnt work at school, or pick up a trade etc. But who's fault is that?!

So yeah, creative destruction sucks if its your job thats been destroyed. So what's the answer? The government needs to step in and help those who are displaced. In the short term the welfare system is there, in the long term people need to be retrained and need to move into other areas. The more human capital you have the more flexible and mobile you can be.

Whether its labelled globalisation or modernisation or whatever, this will and always has happened. But it doesnt have to be the end. People adapt and move on. Increased productivity and output makes goods and services cheaper freeing us up to do more of what we enjoy. This has enables us to have more free time, more holidays, more luxuries than ever before.

Sure there is a balance and some get hurt along the way. But soz im never going to agree that standing still is a better alternative. Would you all rather we created more jobs by having people do meaningless and unnecessary tasks. Yeah lets dump computers and employ clerks and secretaries, lets dump robots and hand build everything, lets dump automated textile factories and sew by hand. Will this really make us more productive? Will it really increase our GDP? will it really create more wealth for the country and fund our schools, hospitals, infrstructure, will it really allow more of us time to go on holiday, enjoy luxury items, etc?

Come on peeps, why not do a bit of wider reading than responding to reactionary crusties who fear progress and dont really quite understand the impact of what they are saying. If you really think we were better off in a Victorian society then please go read some history books.

Good day.

I agree that the impact of Globalisation on employment in the West is inevitable. There is no way that trade barriers will work as the competition is for raw materials; and the most productive/cheapest locations will win the contest in a global market place. The West still has some competitive advantages and much cheaper housing would/will be a help.

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