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Re: [RT] Service vs Manufacturing economy



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Teachers are paid less than they ideally should be but only at GOVERNMENT
schools.  When you work for the govnerment, you have a practically
guaranteed job and this tends to attract certain types.  I'm not trying to
indict all teachers.  Many of them are very dedicated and genuinely
interested in teaching.  This of course is another reason why they take less
pay.  I would program for less money than I do, but fortunately, I don't
have to.  :)  And fortunately I don't need a union thug to negotiate my
salary.

Teachers at private schools are paid better in general because the private
schools have their choice of the cream of the crop and because private
schools have to perform or the parents won't pay for it the services.

Kent


----- Original Message -----
From: "tradewynne" <tradewynne@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, September 22, 2002 5:44 PM
Subject: Re: [RT] Service vs Manufacturing economy


> about money--PAC money mainly.  the largest contributors to
Democrats are unions, teachers associations and trial lawyers....

I largely agree, but teachers are paid crap....you can't have it both
ways. Starting pay at the local grocery store is higher
than teachers with a masters degree....


--- In realtraders@xxxx, Jim Johnson <jejohn@xxxx> wrote:
> Hello BobsKC,
>
> you can't hold teachers accountable--they're unionized AND they have
> tenure.  what's that all about?
>
> about money--PAC money mainly.  the largest contributors to
Democrats
> are unions, teachers associations and trial lawyers.
>
> the liberal philosophy continues to eat away at our way of life.
even
> last night on the WSJ editorial board roundtable--when asked about
> Welsh's retirements perks, not one of those presumably free market
> conservative writers observed that what he got was given to him
> freely.  Even they seemed to be tacitly buying into the implication
> that somebody (government I assume) should get involved in this.
the
> title of van Hayek's book is chilling--The Road to Serfdom.
>
>
> Best regards,
>  Jim Johnson                           mailto:jejohn@x...
>
> --
> Saturday, September 21, 2002, 10:29:59 PM, you wrote:
>
> B> Unions.  I watched the UAW refuse to give back a dime to Cat
when things
> B> got tough in the early 80's even in the face of warnings they
would move
> B> their Iowa plants.  Well, they moved them.  To France!  My
company provided
> B> two way radio and closed circuit tv services to those plants and
it was a
> B> tough loss for us.
>
> B> There was a time for labor unions.  That time was 80 years ago.
Most of
> B> the money they pull in goes to organized crime and they have
caused
> B> manufacturing to depart wholesale.  Besides, I am suspicious of
anyone who
> B> wants to work at a job where they tell you how much you can make.
>
> B> So, greed has driven out the manufacturing jobs.  Our education
system has
> B> lowered the bar for the few until the majority are getting a
second rate
> B> education and can not compete in the world market place.
Education is not
> B> the same as corporate earnings.  You can't just lower the
estimates.  I
> B> worry a lot about our youth .. kids coming out of high school
today are
> B> less informed that kids coming out of 8th grade 30 years ago.
The damn
> B> bar better get put back up where it belongs and teachers held
accountable
> B> and tested.
>
> B> Bob
>
>
> B> At 05:57 PM 9/21/2002 -0700, you wrote:
> >>Did the US have a choice in its conversion?  It was convert or
die.  The
> >>manufacturing went elsewhere because they could do it just as
good and a lot
> >>cheaper. The only other alternative we had was to become
isolationists again
> >>and ban imports.  Our agriculture is going the same way right
now.  Garlic
> >>is coming in from China at 1/2 the price it can be produced for
in the US.
> >>The same with oranges, grapefruit and other citrus from Australia
and South
> >>America.  Are the grain markets in the same shape?  Brazil,
Australia, and
> >>other countries are producing product for less.  How long can a
subsidy
> >>last?  Where is our vaunted fishing fleet.  Are there any
American flag
> >>vessels left afloat, outside of the Navy and coast guard.  Do we
produce
> >>shoes or clothing any more?  We still have a thriving wine
industry.
> >>
> >>I have a question.  Who does the service industry service?  We
have banks
> >>that lend money to foreign countries that don't repay the loans.
We have
> >>computer companies that import all of the parts they assemble
here.  So we
> >>did save those high paying assembly line jobs.  The fast food
restaurants
> >>are expanding overseas instead of in the US so those high paying
service
> >>jobs at Wendy's and McD aren't going to shrink the unemployment
rolls.  The
> >>banks can now lose money in insurance, brokerage and other non
banking
> >>endeavors.  Even the federal government is sending our armaments
for
> >>production overseas.
> >>
> >>Were is the talent coming from to operate the high tech
companies?  That
> >>talent is coming from oversees.  We can't even produce an
intelligent work
> >>force.  There is one ever expanding area of the economy.  Tattoo
parlors and
> >>body piercing salons are popping up all over.  Now there is a
real future
> >>for your kids.  Am I missing something here?  Ira
> >>
> >>----- Original Message -----
> >>From: "Earl Adamy" <eadamy@xxxx>
> >>To: <realtraders@xxxx>
> >>Sent: Saturday, September 21, 2002 4:54 PM
> >>Subject: Re: [RT] Service vs Manufacturing economy
> >>
> >>
> >> > Gary, do you have a URL for that article, sure would like to
read the
> >>whole
> >> > thing?
> >> >
> >> > I have long believed that true economic strength is built upon
a strong
> >>and
> >> > resilient manufacturing base. I have also been saying for many
years that
> >> > the US would suffer deeply in the next recession/depression
for having
> >> > converted to a service based economy.
> >> >
> >> > Earl
> >> >
> >> > ----- Original Message -----
> >> > From: "Gary Funck" <gary@xxxx>
> >> > To: <realtraders@xxxx>
> >> > Sent: Saturday, September 21, 2002 3:23 PM
> >> > Subject: RE: [RT] 10 year note near 40 year highs ?
> >> >
> >> >
> >> > >
> >> > >
> >> > > > -----Original Message-----
> >> > > > From: Daniel Goncharoff [mailto:thegonch@x...]
> >> > > > Sent: Saturday, September 21, 2002 9:37 AM
> >> > > > To: realtraders@xxxx
> >> > > > Subject: Re: [RT] 10 year note near 40 year highs ?
> >> > > >
> >> > > >
> >> > > > I think there are two sides to this point. Isn't a service-
based
> >>economy
> >> > > > more flexible than one based on large factories? It may
mean that
> >> > > > changes come more easily, and that new industries can
develop using
> >>the
> >> > > > excess information-based labor from weaker sectors.
> >> > > >
> >> > > > In this respect, telecoms will be a good real-life
example. It will be
> >> > > > interesting to see what happens to all the people getting
laid off by
> >> > > > the telecoms firms that won't be growing for several
years. If they
> >>end
> >> > > > up having no place to go, that would indicate your believe
is
> >>validated.
> >> > > > If they find new jobs in a similar field, I think the
economic hit
> >>will
> >> > > > not be very big at all.
> >> > > >
> >> > >
> >> > > In this week's Business Week, there's a rather disturbing
article that
> >> > refutes
> >> > > the theory that a service based economy should be more
resilient.
> >>Excerpts
> >> > > below:
> >> > >
> >> > > SEPTEMBER 30, 2002
> >> > >
> >> > > NEWS: ANALYSIS & COMMENTARY
> >> > >
> >> > > The Educated Unemployed
> >> > > The jobless rate for managers and professionals is likely to
rise
> >> > >
> >> > > [...]
> >> > > Here's why joblessness is likely to rise: Across the board,
companies
> >>are
> >> > > facing an unholy trio of low profits, weak demand, and
falling
> >> > prices--with no
> >> > > relief in sight. Revenues for the companies in the Standard
& Poor's
> >> > 500-stock
> >> > > index are down 2% over the past year, adding to the pressure
on
> >>businesses
> >> > to
> >> > > cut costs by cutting workforces. At the same time,
productivity is
> >>soaring
> >> > at a
> >> > > rapid clip--a 6% gain over last year at nonfinancial
corporations.
> >>That's
> >> > > allowing businesses to meet flat demand with fewer workers.
> >> > >
> >> > > Even more distressing, some of the sectors where the job
market has
> >>stayed
> >> > > relatively strong--including health, education, finance, and
retailing,
> >> > which
> >> > > together make up about 40% of the total workforce--are
showing signs of
> >> > > cracking. And the already grim labor picture in the airline,
energy,
> >> > > technology, telecom, and media sectors--some 7% of the
workforce--keeps
> >> > > deteriorating.
> >> > > [...]
> >> > > This is the dark side of the productivity boom. During the
second half
> >>of
> >> > the
> >> > > 1990s, output per worker rose, but soaring demand and
revenues, driven
> >>in
> >> > part
> >> > > by the technology and telecom boom, helped boost hiring and
push down
> >>the
> >> > > unemployment rate below 4%. Wages and bonuses soared, and it
seemed like
> >>a
> >> > > golden age for workers.
> >> > >
> >> > > But rising productivity without rising demand is a recipe for
> >>disappearing
> >> > > jobs. If companies can't raise prices, the only way they can
boost
> >>profits
> >> > is
> >> > > to cut workers--and higher productivity makes that possible.
> >> > > [...]
> >> > >
> >> > >
> >> > >
> >> > >
> >> > > To unsubscribe from this group, send an email to:
> >> > > realtraders-unsubscribe@xxxx
> >> > >
> >> > >
> >> > >
> >> > > Your use of Yahoo! Groups is subject to
> >>http://docs.yahoo.com/info/terms/
> >> > >
> >> > >
> >> > >
> >> >
> >> >
> >> >
> >> > To unsubscribe from this group, send an email to:
> >> > realtraders-unsubscribe@xxxx
> >> >
> >> >
> >> >
> >> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >> >
> >> >
> >>
> >>
> >>
> >>To unsubscribe from this group, send an email to:
> >>realtraders-unsubscribe@xxxx
> >>
> >>
> >>
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>
>
>
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