A Job Fair For Jobs In India — In California 309
dcblogs writes "Indian and U.S. companies are holding a job fair at the San Jose Convention Center this weekend for jobs in India. The job fair is aimed at Indian workers in the U.S., but anyone with an interest in working overseas can attend. India is pitched as a 'sea of opportunity' in a PowerPoint presentation about the job fair. That's in contrast to another slide that makes the obvious point that the U.S. has 'barely recovered from a downturn,' with 'signs that it's headed for another.'"
Recovered? (Score:5, Insightful)
What the FUCK are people smoking when they say the US has "recovered" from its "downturn."
Re:Recovered? (Score:5, Insightful)
The "economy" will NEVER recover. It's simply too good an argument to keep wages down "because of the tough times and everybody has to sacrifice*".
*CEOs not included
Re:Recovered? (Score:4, Insightful)
"Sea of Opportunity"?
More like "Sea of Things I Don't Have Antibodies For".
Re:Recovered? (Score:2, Insightful)
By the methods economists have traditionally used people aren't really important, at least not directly. A "recession" is when there's negative overall economic growth. We're in positive territory now, and have been for a while. To these economists, that's "recovery." The assumption, which has been somewhat true in the past, is that eventually employment will begin to rise. That assumption may not be true this time. Or, at minimum, it may take much longer for employment to rise, and there may be some people who can never find a job.
Things may have changed fundamentally this time, and we need to do something about it. First, let's all stop listening to Ron Paul. He means well, but he's living in a previous century. ( the 19th) Second, we need new definitions for "recession" and "recovery."
Re:Recovered? (Score:0, Insightful)
Hey now, don't you know that pointing the errors of another administration is the god given right of every American lunkhead? You actually expect a party to make progress? Fuck that. Just point out the other guys did the same thing and act smug about your own party fucking things up just as bad, if not worse. That's the American way!
Fucktards like "Thing I am" wouldn't have a leg to stand on if it meant having to own up, be a real human who wants real progress for other humans and accept that their little cult of choice is just as fucking worthless as the other one. It would hurt their poor little heads too much.
Re:Recovered? (Score:5, Insightful)
Need new terms for a lot of things. When unemployment goes up less than expected, that's an "improvement." When less people file for unemployment one month to the next, that's an "improvement." When cutting the *increase* of the budget, that's "saving money."
UGH.
Re:Um, there are lots of these (Score:4, Insightful)
Re:Can you handle the truth? (Score:1, Insightful)
I don't think that's the choice.
I think the choice is either to have a completely destroyed economy and to shift to dictatorial/totalitarian government, to lose all freedoms.
OR
The other choice is to allow the restructuring of the economy, have a very hard 2 years, and eventually see the capital return to the US.
But to do that the government must be shrunk, the budgets must be balanced NOT by giving more revenue to the government, but by doing real cuts in spending (wars, SS, Medicare), by shutting down Federal Reserve, FDIC, Freddie/Fannie, FHA, HUD, IRS, FBI, CIA, DHS, dep'ts of education, energy, commerce, agriculture, EPA, FDA, FCC, FAA, etc., abolishing the income/payroll/corporate taxes, shrinking the federal registry.
This is not supposed to be a bad thing - more liberty and more freedom. This is supposed to fix the money, this is supposed to fix the environment for investment capital to return and re-open the production facilities. 1-2 years of this will be very hard.
I would go further than Ron Paul of-course in firing up to 99% of government employees, but I am not running, nor can I.
But this does NOT mean that people will be poorer for it. It means 2 years of real shake down and then it means reopening of production facilities, recreating the actual real economy, not based on vendor financed, debt/inflation financed consumption, but recreating the production, which allows real consumption and real money and real investments and real markets.
Re:Can you handle the truth? (Score:1, Insightful)
There are no protections. There are no protections in your system. The people are not protected. Where do you see protected people?
The only real protections come from market regulating the behavior of individuals. Individuals are the real owners of property and businesses.
Corporations are not faceless, there are individuals behind the fictitious legal structures built by the government to protect those, who need that protection and are willing to 'share' with the politicians for those protections.
The protections are not to the average people, the protections that exist in your system are to the real owners of your government.
The only protections that exist protect the real owners of your political system and your government from YOU. From you, as a competitor. From you as an independent person. From you as a savor and investor of your own money into your own business and into your own future.
The real protections are only found in real free market - market free of government misdirection and mis-allocation of resources.
Market is the real democracy, with people voting on who is giving them the best value for their money.
--
As to the political system and the government, I think the best change would be to have people serve limited terms in the government, the way they serve in military in many countries. Yes, why not have people serve in government the way they serve in jury?
You can be drafted to serve in jury and you should be drafted to serve in government maybe? Maybe that's the real way to fix the problem of the broken political system.
So? (Score:5, Insightful)
We invented languages like PHP and VB because we need many poorly skilled developers for drudge work. If you don't do brain dead easy work, then don't hire people trained for brain dead easy development.
There are *many* shitty universities inside the U.S. too, heck fraudulent education is a growth industry. You'd never hire developers from University of Phoenix though, simply because you already know they suck. Did you ever try asking your skilled Indian colleges which Indian universities are actually good?
Re:Recovered? (Score:5, Insightful)
It is technically true that the economy has recovered because the GDP measure is terribly flawed. it is defined as:
GDP = private consumption + gross investment + government spending + (exports - imports)
Note that no distinction is made for government spending financed by tax revenue and that financed by borrowing. In his book, "Leverage" (p. 81), Karl Denninger has analyzed the official GDP data from the BEA GDP Series and debt from the Treasury's "Debt to the penny" source and has shown that when government deficit spending is removed from GDP, there has been essentially no growth in the past 30 years. This is why most of our wages have grown very slowly. The problem is that we have spent our way into a very deep hole that no matter what we do there will be a massive contraction in nominal GDP - a real depression. This is unavoidable. However, digging a deeper hole with with more debt will only make the eventual pain worse.
What we have here is an economy based on the foolish presumption that we can survive when our income and expenses are two diverging exponential functions. Our expenses have been growing much more rapidly than our income and it has all been financed with debt. This debt was used to fund immediate consumption, not to produce the means of generating more income. This is not sustainable for an individual family and is not sustainable for a nation. We now see both Greece and Italy on the verge of collapse. The US is just as vulnerable. The math says there is no doubt there will be a crash. It is only a matter of "when." We do not have the national political will to have an adult conversation about this and plan and carry out the triage approach to spending that will be required to turn this around. The best an individual can do is get out of personal debt and make preparations to survive a nasty situation.
Re:Can you handle the truth? (Score:4, Insightful)
On thing to remember when evaluating those costs. It's not usually the big bad corporations, the villains of the morality play that usually bear those costs. They have the resources to comply with the regulations and in many cases welcome them as a barrier to entry protecting them from competition. The law preventing BigFoodCo, Inc. from poisoning children (like they really want) is at worst a minor inconvenience to BigFoodCo. They do what's required, file the paperwork, raise the price of milk by a few pennies and turn to some other scheme to fulfill their goal of poisoning children. The people who bear the cost are potential entrepreneurs who look at the costs and decide it's not worth it. Or those that go for it but end up bankrupt because the costs of compliance were too high. Or, those who don't comply and get caught like organic coops [theepochtimes.com] and Amish farmers [liveleak.com] raided by the police and FDA for selling raw milk to the tree hugging hippies who want it. Note that in the California case selling raw milk is legal, but they didn't have all the proper paperwork filed.
Re:Can you handle the truth? (Score:5, Insightful)
So if not the EPA who is going to regulate ... you can say they do more harm than good, but we have plenty of object lessons in third world countries of free market inspired environmental destruction to say that some government agency has to keep the externalities under control. Maybe market forces could be incorporated more, but someone still needs to make the regulations and police them.
A factory owner will never have a contract with every person on the planet breathing the air he pollutes, contract law can't solve everything ...
flamebait on slashdot? OK! (Score:4, Insightful)
Globalism is failing because of a lack of minimum wage. Rich Republican cock suckers don't give a shit about one countries economy. All it means is wages drop in yet another country and the value of their investments in the global stock market go up. You dumb ass wrong wing radio listening morons can keep regurgitating bullshit from your born again bigot spin doctors or join the fight. Either watch the lying bastards suck down fat paychecks while leading you into the land of indentured servitude while the rest of us "liberals" [wnd.com] fight from the land of reality or get a fucking clue. Vote for Perry. He knows how to hand the keys to corporations in other countries [zimbio.com] while the people that live in his state fall further into abject poverty. Globalism is going to happen whether we like it or not. The way we don't want it to happen, without something to level the playing field ie. minimum wages and expectations, is the way it is happening. Controlling how it happens is up to us people that work for a living, aka "liberals".
Re:I think you may be confused (Score:5, Insightful)
If you think this is a great depression I suggest you go talk to someone who lived through the real great depression so they can slap you upside the head and explain to you the vast, vast, differences.
Oh and by your measure, there is still growth. The US has a very low population growth, as do most industrialized nations. It is higher than many other industrial nations (some of which have negative growth rates) but it still only 0.9% annually. In 2010, the GDP growth was 2.9%.
Re:Can you handle the truth? (Score:4, Insightful)
Yep, the classic mo-Ron philosophy. Ron Paul has zero grasp of economics, much less foreign affairs.
Lets say he and the tea baggers win. He pulls the military off the South Korean DMZ, the Navy aircraft carrier groups mothballed, and out of Pacific waters. Great cost savings. Come a few days later, Kim has invaded Seoul. China still has a grudge against Japan so their carrier fleet now is menacing that country. Taiwan becomes red. Now the West is in deeper shit because 1/3 of the total manufacturing capacity we have is now controlled by hostile countries or destroyed.
Ron pulls out of the Middle East leaving any allies (Israel, UAE, Saudi Arabia) to their own devices. Iran starts striking Tel Aviv with rockets, Israel retaliates with nukes, but gets overwhelmed by every country in the region swarming them. Countries friendly to the west or at least not hostile (UAE, Saudi Arabia, Turkey) now have a bloodthirsty mob. Now, nuclear terrorism is going to be a primary threat to the world as a region-wide caliphate expands to threaten Spain and western Europe.
Ron pulls funding from hospitals, Social Security, and Medicare. Now hospitals and charity organizations have to take care of the sick, and we are back to poorhouses that are like African AIDS clinics where a drink of water, much less an IV of useful medication is a rare thing.
Ron sells off government land. Great money maker. Now Yellowstone Park is a privately run resort, with multiple golf courses in between the geysers. The parts of the park that just have animals running around are turned into ranches and deer leases.
The land that isn't turned into resorts gets logged. Ron Paul has been an enemy of the Clean Air Act, the Clean Water Act and the EPA in general. Can't have people living in a country without acid rain.
So, after a while, the US starts looking like a post apocalyptic hellscape, even though the economy went up for a bit. Any areas that had old growth forests are gone, other land becomes toxic waste pits due to strip mining and contaminated water tables. Classic farmland gets taken away from families and handed to big agribusiness. Soon, the US doesn't even have the ability to feed itself (think the Irish Potato Famine where there was plenty of food, but England took it all.)
Don't forget Ron Paul's stance on national security (or lack of one). Once his defunding policies take hold, the drug cartels wouldn't just be a border menace, but would be happy to set up shop in cities, just like the mafia did. I'm sure local businesses would love to be paying an additional protection payment to the Spanish speaking people with the teardrop tattoos in most US cities.
Wow, what a utopia! I wonder how many people would love to live in a place with no national parks, lead in the water, a nuclear threat from foreign combatants whom we have no intel on due to no troops in the area. Any useful resources (rare earths), we will have to beg a Chinese-Russian coalition for. Of course, national security will be shit because the Army doesn't have enough boots to keep order when some town gets nuked.
I sure want to raise my kids in a country where I have to pay for a symbol on my house so the FD would come, a transponder on my wrist so an ambulance would actually stop, and where I had to pay the police to investigate a crime a la Heavy Metal. Schools? Screw that. The kids can have the luxury of working on farms as migrant workers, mines, or spend their lives in jails if they can't get work. Keeping people in prison for life helps private corrections, so that is important for US business. Literacy? Being able to read a contract and refuse signing is anti-business. Have to stamp that out.
Ron Paul's version of the US is a country full of robber barons worse than Carnegie and Frick. At least they left concert halls and foundations behind. Modern day CEOs leave nothing behind.
Ron Paul appeals to those who have failed economics, civics, and government in high school. I have yet to see someone who has any form of formal education champion his crap.
Indians returning to India is old news (Score:3, Insightful)