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Old 10-07-2004   #11
JET
Is funding Exxon.
 
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Join Date: Oct 2003
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Also, the shipping jobs overseas came from the democrats. Remember a little thing slick Willie put into effect called NAFTA? It really has hurt our economy. Our recession came from that.

The companies put out in their reports that they are going to make all this extra money from cheap labor, so the stocks go up. The thing they didn't plan on was that all these people that got laid off aren't going to be buying their products anymore because they don't have a job, so everything starts going downhill and we get the recession.

Luckily we do have programs out there that help train employees who lost their jobs to overseas workers. This costs us all tax money, but gets us more skilled labor. This has a 2 sided effect. It allows that person to make even more than they were before, but it creates more skilled workers, so the average wage goes down or does not increase as much as it should, decreasing the wages for the workers already in that field. So, there are good and bad parts to it, depending on which side of it you are on.
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