dagblog - Comments for "Raising The Minimum Wage Treats The Symptom Not Our Illness"

Yeah, I found UK accounting

PeraclesPlease — Tue, 12 Jan 2016 22:51:17 +0000

In reply to "Finance and accounting (F&A)

Yeah, I found UK accounting positions doubled despite offshore. You show some loss in the US due to some activity, but WHAT ARE TOTAL GAINS AND LOSSES OVER X YEARS? Always vague FUD of world going to he'll in handbasket. If you're going to make ridiculous claims, back them somehow.

Update: Ok, on regular laptop - 1999 & 2014 data:

Accountants & auditors 13-2011: 1,327,000 (1999) 1,333,000 (2014) 1,475,000 (2024 est)

So not doubling like UK (though I don't know what related categories might be), not losing.

We're joined at the hip in

PeraclesPlease — Tue, 12 Jan 2016 22:08:02 +0000

In reply to UK, US, let's not quibble

We're joined at the hip in war and finance (which is just war by other means). You go to war with the beancounters you have, not the ones you wish you had.

UK, US, let's not quibble

jollyroger — Tue, 12 Jan 2016 21:45:22 +0000

In reply to "Finance and accounting (F&A)

UK, US, let's not quibble over a mere 8 places in the alphabet...

"Finance and accounting (F&A)

HSG — Tue, 12 Jan 2016 21:00:51 +0000

In reply to Oh please, Hal - there's been

"Finance and accounting (F&A) was one of the first processes that companies outsourced, and the practice continues to boom: Ed Thomas, an analyst for Ovum research, found the number of F&A outsourcing projects valued at $1 million or more increased in 2012 compared to the year before." http://www.forbes.com/sites/xerox/2013/07/12/the-benefits-of-outsourcing...

"In September 2010, the United Steelworkers (USW) filed a section 301 petition with the U.S. Trade Representative which accuses China of illegally stimulating and protecting producers of green technology exports, ranging from wind and solar energy products to advanced batteries and energy-efficient vehicles. Indeed, the U.S. trade deficit in clean energy products had more than doubled between 2008 and 2010, displacing more than 8,000 U.S. jobs in 2010 alone (Scott 2010a). The 2010 USW petition details more than 80 Chinese laws, regulations, and practices that violate international trade agreements and have hurt U.S. clean energy manufacturing and green technology industries." http://www.epi.org/publication/growing-trade-deficit-china-cost-2-8-mill...

Your cite was to accounting positions in the UK. I was discussing the US.

Oh please, Hal - there's been

PeraclesPlease — Tue, 12 Jan 2016 19:40:27 +0000

In reply to The loss of many higher

Oh please, Hal - there's been a doubling of accountants in 30 years - we didn't outsource them - ever look at the BLS or something practical? http://www.theguardian.com/business/2015/aug/17/technology-created-more-...

Not sure how much welding you expected to continue either

The loss of many higher

HSG — Tue, 12 Jan 2016 17:08:54 +0000

In reply to I think you are conflating

The loss of many higher-skilled labor jobs to offshoring puts downward pressure on wages in lower-skill service work as formerly middle-class welders and accountants compete for jobs at Wal-Mart and McDonald's.

I think you are conflating

Peter — Tue, 12 Jan 2016 01:54:37 +0000

In reply to Thanks Danny. I'm with you

I think you are conflating low skill minimum wage workers, who don't compete with anyone but other local service workers, with higher skilled and paid industrial and production workers who do compete with foreign industrial labor.

One of the problems we now see is that millions of those higher skilled workers lost their higher pay level jobs and are competing for these low skilled and paying jobs to support families, which they were never intended to do and that is driving the demands for higher wages there.

These wage hikes will have to be paid for and Capitalists don't share profits so higher prices will spread through the economy eating up much of the gains these workers might realize. More tax revenues will be needed to pay the raises in government minimum wage jobs and because most of these jobs can't be speeded up to produce production gains automation will continue to replace workers.

Thanks Danny. I'm with you

HSG — Mon, 11 Jan 2016 21:01:38 +0000

In reply to Raising The Minimum Wage Treats The Symptom Not Our Illness

Thanks Danny. I'm with you as usual. Raising the minimum wage will help some - and I do support a $15 minimum - but as long as our workers are competing directly with workers paid slave-wage levels in the far east, higher salaries here may well lead to higher unemployment. I think it's worth the risk as the evidence suggests that when workers here have more buying power they stimulate demand sufficiently to offset the loss of some jobs to overseas producers. But as long as ever "freer" trade is the trend, American workers will be on a treadmill.