MSN: …But the jobs are going elsewhere. The Economic Policy Institute, a Washington think tank, says American companies have created 1.4 million jobs overseas this year, compared with less than 1 million in the U.S. The additional 1.4 million jobs would have lowered the U.S. unemployment rate to 8.9 percent, says Robert Scott, the institute’s senior international economist.
One of the very-American examples, has definitely jumped the fence:
Take the example of DuPont, which wowed the world in 1938 with nylon stockings. Known as one of the most innovative American companies of the 20th century, DuPont now sells less than a third of its products in the U.S. In the first nine months of this year, sales to the Asia-Pacific region grew 50 percent, triple the U.S. rate. Its stock is up 47 percent this year.
DuPont’s work force reflects the shift in its growth: In a presentation on emerging markets, the company said its number of employees in the U.S. shrank by 9 percent between January 2005 and October 2009. In the same period, its work force grew 54 percent in the Asia-Pacific countries.
Another American icon.. Coke…
Of Coke’s 93,000 global employees, less than 13 percent were in the U.S. in 2009, down from 19 percent five years ago.
The company would not say how many new U.S. hires it has made in 2010. But its latest new investments are overseas, including $240 million for three bottling plants in Inner Mongolia as part of a three-year, $2 billion investment in China. The three plants will create 2,000 new jobs in the area. In September, Coca-Cola pledged $1 billion to the Philippines over five years.
- US consumer demand has been down. Companies go where the money is.
- Overseas competition has improved.
- Poor US education system.
There are so many reasons why our country is failing. Part is due to education, demand and improvement of overseas employees, etc. But there are things that caused our country to fall into this hole. The standards have been lowered over the course of years, and decades. Standards in education, standards in manufacturing, standards in pride in our country. As everything was decaying, we wake up to the current realities. We have a president whose first step into the White House involved a world-wide apology tour. The apology tour expanded to centuries before and surely centuries ahead for all we might do. Our country has been condemned for being a success, to the point our country has pulled the brakes on success and achievement. Even before Obama, we have offered hand outs to other countries, more concerned with their well-being vs our own, and basically in an apologetic gesture. This once tough, innovative, admirable and envied country has become what? A country to be ridiculed, pitied, and picked from like a carcass.
So how do we get our country back? How do we make it strong again? No doubt that will not be easy, but it needs to be done. If not America will turn into some wimpy kid on the block, being pushed around and picked on by the stronger, smarter more successful countries. The hard part is how to we rebuild American businesses again? They have slipped away and are strong entities elsewhere, they are no longer our businesses. We do need to start new, and fresh.. we also need to firm up our country. We need to uphold our Constitution, we need to stop the open door free-for all giving everything to illegals. We need to look at our own country & people when it comes to helping, and rebuilding. We should look to the now successful countries for clues, like Australia, they have a very strong immigration policy, that is a great place to start. Our education system is definitely another place to focus on. Kids need to stop being coddled in school, no more prizes for participation, no more everyone is equal/no hurt feeling crap, the kids and education need to be stronger.
Educational Rankings If you need confirmation about the US education problem… check out the following. The US falls in the bottom dozen of each list. Look at the countries that top of the lists!
Reading: Top 5
- New Zealand
Reading: Bottom 5
- Russian Federation
- (US did not have a number, so may very well be the lowest rank).
Math: Top 5
Math: Bottom 5
- (US ranked in the bottom 7)
Science: Top 5
- New Zealand
Science: Bottom 5
- (US ranked in the bottom 12)