What is happening to employment?
In an article by CNN news called Job Growth…is this it? really got me thinking about where America is headed. I really find a lot of what the article had to present to be an eye opener. The article stated, “The economy created nearly 2.2 million jobs last year, an improvement from the 2002-2003 period, when there was a net loss of jobs. But that's still well below the average of any recovery that's lasted this long since World War II.” I think, that the reason why America is having problems creating the jobs needed is because of the constraints on employment. For example, the article also stated, “…factors hurting job growth in the current expansion: companies facing stiff competition from overseas, especially from China and Latin America; productivity growing at better than double the historical average; jobs moving overseas in services and not just in manufacturing; the growing use of temp workers; and the nation's shrinking manufacturing base…” These constraints make it hard to create job productivity in the United States. The United States cost of living is greater, so if employers lower the wages available for workers in the United States the living conditions in the United States will be lower. I know that these constraints on employment are going to really change the economy in the United States. This country can’t maintain employment with competition as fierce as it is.
Posted by Marie at 2/14/2005 02:06:00 PM