[lbo-talk] factory jobs disappearing almost everywhere

Dwayne Monroe idoru345 at yahoo.com
Wed Oct 29 16:48:15 PST 2003


Doug posted:

Wall Street Journal - October 20, 2003

Factory Employment Is Falling World-Wide Study of 20 Big Economies Finds 22 Million Jobs Lost; Even China Shows Decline

...and stated -

[hmm, this would suggest that the demon is not "globalization" and "offshoring"]

*******

Indeed.

But I wonder, is this the result perhaps of the 'over-capacity crisis' some observers have asserted or should we take seriously the "increased productivity gains" the article mentions.

DRM

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