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Old 3rd September 2007, 07:53 PM
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Economy bad for usa? Nah, we cant be stopped.

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


http://news.yahoo.com/s/nm/20070903/..._labour_ilo_dc
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Old 3rd September 2007, 08:00 PM
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Re: Economy bad for usa? Nah, we cant be stopped.

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.
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Old 3rd September 2007, 08:28 PM
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Re: Economy bad for usa? Nah, we cant be stopped.

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.
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Old 3rd September 2007, 09:09 PM
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Re: Economy bad for usa? Nah, we cant be stopped.

Quote:
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.

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Old 3rd September 2007, 09:14 PM
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Re: Economy bad for usa? Nah, we cant be stopped.

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. :p
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Old 4th September 2007, 02:23 AM
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Re: Economy bad for usa? Nah, we cant be stopped.

Quote:
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?
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Old 4th September 2007, 09:29 AM
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Re: Economy bad for usa? Nah, we cant be stopped.

Quote:
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

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Old 4th September 2007, 10:03 AM
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Re: Economy bad for usa? Nah, we cant be stopped.

Quote:
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.
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Old 4th September 2007, 03:51 PM
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Re: Economy bad for usa? Nah, we cant be stopped.

Quote:
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.
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Old 4th September 2007, 06:27 PM
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Re: Economy bad for usa? Nah, we cant be stopped.

http://www.eiu.com/site_info.asp?inf...the_rocks&rf=0
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Old 4th September 2007, 06:53 PM
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Re: Economy bad for usa? Nah, we cant be stopped.

Quote:
Originally Posted by Drewbert

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.
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