Tracy;
If everyone worked at McDonalds then we would have 100% employment. But who would buy any thing? :)
Further searching reveled higher numbers than I stated. I remember undmployment of over 10% in Silicon Valley, towards the end of 1992 and into 1993. I found a California state web site that stated 10.3% state unemployment January 1993.
http://www.calmis.ca.gov/FILE/LFHIST/CAL$HLF.TXTHow is the Furniture Industry in North Carolina? As I recall that is an important industry for your state as well as a main area where furniture is made.
The Textile and Garment Industry have had serious problems since about 1970. American companies support moving offshore and paying 1 ½ cents an hour for labor, charge the same price for goods when they are sold here and pocket the profits..
Here is another number I just found about Silicon Valley:
256,893 H1B workers (electronic engineers and IT) work in Silicon Valley. We lost 191,000 jobs and they still import workers. This really hurts anyone over 40 in this valley! I guess once we are over 40 we should go to India and become farmers.
I can assure you that having advanced degrees means nothing. Well, I must retract that absolute statement. If you want to fill out a job application at HP for the position of engineer, you must have at least a Bachelors Degree. I can use my PhD as a dartboard. :)
Tom
>NC is experiencing a serious problem in the textile industry. One estimate states that as many as 300,000 textile workers have lost their jobs (mostly due to buyouts, streamlining, trade, and companies moving overseas). I guess they should all work for McDonalds too? Funny, somehow I don't see 300,000 open McDonald jobs being filled by unemployed textile workers.
>
>
>>Igor;
>>
>>Some unemployment numbers:
>>
>>Unemployment rate USA
>>
>>1991 = 6.8 %.
>>1992 = 6.0 %
>>1999 = 3.9 %
>>
>>Unemployment in Silicon Valley
>>1993 = 7.8 %
>>
>>2001 = 1.7 %
>>2003 = 8.6 %
>>
>>Since April 2001 we have lost 191,000 jobs from companies that have gone bankrupt, or moved. This does not include small companies (there were many) which do not appear in the States statistics. This includes hardware and software companies. Not everyone here was a .COM "expert".
>>
>>Silicon Valley produces 25% of the nations Export economy. Is that of any importance? Only if you are concerned about the nations economy. But of what importance is our economy?
>>
>>I was one of the 60,000 unemployed electronics engineers in Silicon Valley in 1992. George Bush ("The Elder") was in San Jose campaigning for a second term as president. During the conference an engineering friend of mind in the audience asked, “What are you going to do about the 60,000 unemployed electronics engineers in Silicon Valley”? GB answered, “There are plenty of jobs at McDonalds! Next question”!
>>
>>Tom
>>
>>
>>>Hi,
>>>
>>>Anybody remembers unemployment rate in 1991?
>>>
>>>Igor
>>>
>>>>Tracy;
>>>>
>>>>I cannot cite any reference to an Internet link. However, not all knowledge is available through the Internet. The 6% figure is one that I first read in High School (1960), and again in college during the early to mid 1970’s. Our son just graduated from college in December of last year and the 6% figure was still being used in his textbook. Also, this number is one that the Federal Reserve embraces or at least that was the case until June of 2002, when I last heard Dr. Greenspan cite it.
>>>>
>>>>During the Nixon and Bush Senior Presidencies, this number was often used as a part of the “economic model”. When Clinton was President it was stated that less than 6% unemployment was cause for inflation. The economic was not working as it should have under Clinton.
>>>>
>>>>In the past when I have wanted a specific reference I would call the public or college library. Knowledge gained from the Internet is something that is questionable in my opinion.
>>>>
>>>>Tom
>>>>
>>>>
>>>>
>>>>
>>>>>SNIP
>>>>>>This is the way it should be folks! The Republican economic team is at work and doing what it does best! No need to consider any changes in what the economy is doing. No need to invest any effort into improving the economy. When you have attained the “perfect model” based upon the magic 6 percent figure what else could you ask for?
>>>>>>
>>>>>>If you need a job, too bad! If you are working good for you! To be a success under Republican economic models, every dog must take care of him/herself. Start barking to express your acceptance of this wonderful period. Just remember this is nothing new that we are experiencing. The economy is as it should be. Bow wow!
>>>>>>
>>>>>>Tom
>>>>>
>>>>>Hi Tom,
>>>>>
>>>>>What Republicans have voiced this opinion? Do you have links I can look at? I'd be interested to read these opinions if possible. Whenever political statements are claimed I like to check them out regardless of who made them...a lot of ridiculous statements are claimed to have been made by Hilary Clinton recently too, but I haven't seen any evidence myself...
