Musicmystery -> RE: Is employment a right part duex (5/19/2011 1:06:42 PM)
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Sigh. Whenever "So you are saying that _______" comes up, have you noticed that the discussion is over? Because at that point, the speaker is making up positions for convenience, rather than addressing the actual points raised. That's the case here too. You are taking contradictory positions, post to post, in your zeal to simply be right. So, be right. But problems aren't solved on fantasies. First, you complain people waste their resources on stuff, champion their heroic rise to the occasion, and now you're back to them struggling. All that at once? I've explained the importance of export markets. You again are ignoring this, going back to 1993 (and ignoring that the economy boomed during the 90s) . That neither changes nor addresses the point. You're then making up this silly position that we didn't trade before then. If there's no impact, then why your opposition? Stop being silly. Free trade lowers barriers to trade. Barriers to trade mean less trade. That's why we call them barriers. It's not trade or no trade, but a matter of degree, obviously. NAFTA is only one of our free trade agreements--APEC in particular comes to mind. But since you want to rant about NAFTA, OK. Consider: # Since NAFTA came into effect, merchandise trade among the NAFTA partners has more than tripled, reaching US$946.1 billion in 2008. Over that period, Canada-U.S. trade has nearly tripled, while trade between Mexico and the U.S. has more than quadrupled. [C$ figure = $1.0 trillion] # Today, the NAFTA partners exchange about US$2.6 billion in merchandise on a daily basis with each other. That’s about US$108 million per hour. [C$ figures = $2.8 billion and $115 million] # Since NAFTA came into effect, the North American economy has more than doubled in size. The combined gross domestic product (GDP) for Canada, the United States, and Mexico surpassed US$17 trillion in 2008, up from US$7.6 trillion in 1993. [C$ figures = $18.2 trillion and $9.8 trillion] # In 2008, Canada and the United States’ inward foreign direct investment stocks from NAFTA partner countries reached US$469.8 billion. Meanwhile, Mexico has become one of the largest recipients of foreign direct investment among emerging markets, and received US$156 billion from its NAFTA partners between 1993 and 2008. # North American employment levels have climbed nearly 23% since 1993, representing a net gain of 39.7 million jobs. As for the credit crunch, you're talking about something entirely different, and not at all related to economic activity or employment. When the excess I'm talking about flows again, we can start seeing new investment--and more jobs again. What you're talking about is just silly. Obviously, a bank doesn't loan money to someone unable to pay it back. Hello. As for people with money not trusting banks--you're making that up, and you're ridiculously wrong. Just where do you suppose they're putting their money? How are they writing checks? Please. And putting more people back to work isn't going to change the current credit crunch, because that isn't the problem. It's unusual for banks and businesses to sit on cash, because that's an opportunity cost. The reason is uncertainty, about the value of financial assets in the wake of the bundled mortgage derivatives mess, and about the direction of the economy in a changing world, health care not the least of that, along with international crises and their impacts. When that settles, they'll again loan. You last paragraph just makes up a string of things I didn't say, so there's your answer. Your last sentence ignores that I've already explained how, but adds something I never said--at the company that refused to hire them. People have trouble finding work when they insist on working as they always have and seek that same situation when economic needs no longer require it. Instead, look at one's individual and unique skill set, find and address real needs (of your clients or employers), and you'll be an asset. And until everything is wonderful, until there are no problems to be solved anywhere, that's always possible. But it means change. People are reluctant to do so. It holds them back. And incidentally, enlightening my students about this is exactly why they're spending their summer at jobs or internships, even in this economy.
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