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Re: [RT] Service vs Manufacturing economy



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--- In realtraders@xxxx, "Kent Rollins" <kentr@xxxx> wrote:
> Teachers are paid less than they ideally should be but only at 
GOVERNMENT schools.  

Sometimes true, but frequently not the case. Moreover a lot of private
schools are turning out sub-par test scores too. There are lower
certification requirements at many private schools.

"The estimated average salary of all public elementary and secondary 
school teachers in the 1999-2000 school year was $41,820. Private 
school teachers generally earn less than public school teachers." 

http://www.bls.gov/oco/ocos069.htm

PS: I'm not a teacher <G>, but my wife worked for Bishop Estate
in Hawaii (they DID pay very well) and for the state. There is a 
whole can of worms here, and a lot of it does stem from stupid left-
wing politics, but teachers get a lot of crap and not nearly enough 
money to make up for it. FWIW, teachers jobs are not totally secure
either. Budget cuts cost two teacher's positions at my son's public 
school this past week.

>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@xxxx>
> To: <realtraders@xxxx>
> 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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> >
> >
> >
> > B> To unsubscribe from this group, send an email to:
> > B> realtraders-unsubscribe@xxxx
> >
> >
> >
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> 
> 
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