“You need a thousand rubber gaskets? That’s the factory next door. You need a million screws? That factory is a block away. You need that screw made a little bit different? It will take three hours.
” Charles Duhigg and Keith Bradsher of the NY Times give an in-depth report on Apple's migration of electronics manufacturing to Asia and its impact on middle class Americans.
posted by Blazecock Pileon
on Jan 21, 2012 -
Say goodbye to more jobs?
This is an interesting research report from the Gartner Group on the future of banking, money and economic transition. One of the participants at a conference that Gartner cites is Bernard Leitaer, who is interviewed here.
Leitaer is the author of the book The Future of Money.
He argues " the malaise Japan has suffered since the early 1990s reflects an economic challenge the whole developed world has begun to face. Today, European and U.S. factories, too, suffer from overcapacity. The vaunted productivity growth spurred by the digital revolution has raised the economy’s stall speed. If the natural growth rate of the U.S. economy has risen to 4% annually, anything less than that rate will cause firms to trim capacity. A firm’s revenue growth often must come at the expense of competitors as well as its own profits because companies have trouble raising prices. In response, companies cut costs any way they can, usually by laying off employees and squeezing suppliers, which causes further layoffs. For developed countries, the safety valves
that limited damage during contractions in manufacturing may not work. In past recessions, laid-off factory workers in the Great Lakes states, for example, could migrate to the growing Sun Belt to find new jobs. In the present transition, areas with job growth may lie overseas." The long heralded rise of the information economy, the death of distance and the rise of the
global knowledge workers
is paradigm shift that our goverment leader's
seem ill equiped to handle.
posted by thedailygrowl
on Mar 16, 2004 -
Looking for a job? Well, one of the hot temp agencies
in the nation is FPI, Inc.
Recruting from an active base of some 80,000 people across the nation
, and enjoying exemption from competitive bidding
(although reform is on the way
), FPI produces garments and textile goods. In fact, it's the largest supplier of clothing and textiles for the U.S. government
. Net sales for fiscal year 2001 were $583.5 million and, despite an economic shortfall, they rose to $678.7 million in 2002. What accounts for such an unlikely success? Well, the secret can be found in FPI's labor base. FPI only employs prisoners, paying them between $.23 and $1.15 an hour. Of course, with so many resumes to choose from
, factory expansion
and rising sales figures and profitability
(PDF), who knows just how high PDI's lustre will soar?
posted by ed
on Nov 20, 2003 -
This Guy in Minnesota just got laid-off
and he's spending his time following around Bush's economic team on their tour of the upper midwest as they share their "upbeat outlook
" on our nation's economy. He's following their tourmobile
with his own tourmobile
and has been chasing them around in parkinglots and at fast food places. He finally cornered the Treasury Secretary whose advice to the job-seeker was to "just wait." What's your economic reality? Is it closer to the sunny optimism of the big shiny tourbus, or the laid-off reality of the homemade minivan? (Check out the particularly funny bit about how he stumbled on the entire press corps only when he was looking for a dumpster.)
posted by amoeba
on Jul 30, 2003 -