Economy bad for usa? Nah, we cant be stopped.

[xxbossmanxx]

The american way, if times are tuff just go out and get it...


http://news.yahoo.com/s/nm/20070903/..._labour_ilo_dc

[blastfromthepast]

ASIA RISING

While coming from way behind, productivity growth is fastest in China and other parts of east Asia, according to the ILO, an agency created by governments after World War One to promote employment standards.

Although the data is more sketchy, it basically pointed to a near doubling of productivity in east Asia over the past decade, the ILO said.

Output per worker had risen from one-eighth of the level of the industrialized countries in 1996 to one-fifth of that level in 2006, it said.

In 2006, the productivity rise was 3.3 percent at the global level, 2.1 percent for the industrialized world and 8.5 percent in East Asia, a region dominated by China.

Other parts of Asia showed strong if less spectacular growth and the ILO also noted an improvement in living conditions in Asia generally.

[Rubber Duck]

The big problem is that because the US economy is now largely Service Sector, a lot of this productivity data is very subjective. Most of the US economy is about Americans arguing with and feeding one another. In China, this stuff doesn't even get counted.

[jacksonm]

Originally Posted by Rubber Duck

The big problem is that because the US economy is now largely Service Sector, a lot of this productivity data is very subjective. Most of the US economy is about Americans arguing with and feeding one another. In China, this stuff doesn't even get counted.

Visit Saudi Arabia sometime, where the natives don't lift anything other than money.

Nearly all labor is imported.

.

[Rubber Duck]

Well some of us just find work deeply offensive to our cultural traditions and values.

I am intent of packing it in at the first opportunity.

[touchring]

Originally Posted by jacksonm

Visit Saudi Arabia sometime, where the natives don't lift anything other than money.

Nearly all labor is imported.

.

shouldn't it be Dubai?

[jacksonm]

Originally Posted by touchring

shouldn't it be Dubai?

Don't know, as I've never been to Dubai. I did, however, have the opportunity to spend 7 months in SA. Quite an experience. Most of the truckers are from Pakistan, a lot of Korean construction companies, laborers generally from Philippines, some other types of workers from Egypt, etc. But the men in the long white dress are usually only managers or shop owners.

I'm thinking of visiting again someday, now that King Fahd International Airport is finished (The area where I spent most of my time while being there).This place must be the largest and most expensive airport in the world.

http://en.wikipedia.org/wiki/King_Fa...tional_Airport

http://www.the-saudi.net/kfia/

http://images.google.com/images?hl=e...=1&sa=N&tab=wi

.

[Wot]

Originally Posted by touchring

shouldn't it be Dubai?

Yep, all the menial work and most of the other work is done by Indians., Pakistanis and Filipinas.

[touchring]

Originally Posted by Wot

Yep, all the menial work and most of the other work is done by Indians., Pakistanis and Filipinas.

Might not necessarily be a bad thing, giving jobs to indians, pakistanis and filipinas. Menial jobs is better than no jobs.

[Drewbert]

http://www.eiu.com/site_info.asp?inf...the_rocks&rf=0

[touchring]

Originally Posted by Drewbert

http://www.eiu.com/site_info.asp?inf...the_rocks&rf=0

Skimmed thru it, but 2 things:

1. Doesn't take into account of super housing bubble in places like korea and china.
2. Doesn't take into account of political factors, e.g. the 31st dec deadline, etc.