Critique

Critique:

“JOBS, JOBS, JOBS”

Written by Harold L. Sirkin on March 19, 2012

Business Week Magazine, one of the top business magazines in US, has posted very interesting article several weeks ago dealing with thefuture employment profits.

What do I mean when I use this expression?

President’s elections are right behind the corner and candidates are making sure that the campaign is going well for them no matter if it’s truthful or it’s not. The main point of basic president’s propaganda is bringing an attention into people’s problems. Right now, at the time of the outgoing economic recession all around the world, the problem is the massive unemployment rate. The solution of making this problem is to find the way to increase the amount of available jobs. This particular issue has been seemed very helpful in the view of president’s popularity. As same as each year of elections, this year is not any different of using unemployment as a key for the campaign. Recent US President Barack Obamais using this “jobs” card to becoming more popular as well. However, this is not going to have any role of upcoming jobs flow, because after a simple math, you will see that whoever is going to be elected in November will not influence future jobs flow. Radical changes in China’s economy will bring most of imported manufactures back to US. One of the main reasons is: rising of labor costs (up to 30 percent), long-distance supply chain, increased value of the Yuan.

According the article, the flow will hit the manufacturing sphere. There are approximately seven sectors that will benefit from it the most. They are: vehicles and auto parts, appliances and electric equipment, furniture, plastic and rubber products, computers and electronics. All of these together are worthy two-thirds of the $325 billion US imports from China. Which will respond to creating of 2-3 million new job positions by the end of the decade (According to BCG).

What basically this trend means is that...