China

--- In ssi_list@... "victoriatangoman"

Just an addendum to the China post. I want to highlight an often
overlooked factor in manufacturing job loss - technology. I could go
into a lot mroe detail but finding on-line references is quite a
task considering China's *fictional* official statistics. What is
described below is China's antiquated Iron Bowl factories closing
down and causing dislocations. This effect ripples throughout the
world economy and despite the low wage conditions China can't get
ahead of the game.

"One of our more interesting findings is that, taken on its own,
China's job losses are double the average of the remaining 17
countries* for the same seven-year period. Manufacturing employment
in the 17 largest economies other than China fell a little more than
7%, from 96 million in 1995 to 89 million in 2002. In contrast,
China's fell a whopping 15% in the period, from 98 million in 1995
to 83 million in 2002.

Notwithstanding the continuous influx of foreign investment and new
employment, China has been unable to escape the drive toward
productivity enhancement and the resultant downsizing of the
manufacturing workforce. In 2002 alone, although nearly 2 million
factory jobs were created, China's manufacturing employment level
for the year was below 1998 and far below 1995."

Manufacturing Payrolls Declining Globally: The Untold Story
http://swampfox.ws/members/swampfox/velocity.nsf/0/2fc4d7ed5373763f88
256dfc000f972f?OpenDocument

Economic gloom a test for politicians
http://www.palmbeachpost.com/news/content/shared/news/politics/04book
man1020.html

Economists chide Dean on jobs
http://www.palmbeachpost.com/news/content/shared/news/politics/04book
man1020.html

TangoMan