(SeekingAlpha-MHFT) “Textile workers earn $2.99 an hour in India ($PIN), $1.84 in China ($FXI), and $0.49 in Vietnam ($VNM).”

“This compares to the $8 an hour our much abused illegals get at sweat shops in Los Angeles, and $10 in some of the nicer places. What’s more, the Indian wage is up 17% in a year, meaning that inflation is casting a lengthening shadow over the sub continent’s economic miracle. A series of strikes and a wave of suicides have brought wage settlements with increases as high as 20% in China.”

“This is how the employment drain in the US is going to end. When foreign labor costs reach half of those at home, manufacturers quit exporting jobs because the cost advantages gained are not worth the headaches and risk involved in managing a foreign language work force, the shipping expense, political risk, import duties, and supply disruptions, just to get lower quality goods. Chinese wage growth at this rate takes them up to half our minimum wage in only five years.”

“This has already happened in South Korea ($EWY), where wage costs are 60% of American ones. As a result, Korea’s GDP growth is half that seen in China. These numbers are also a powerful argument for investing in Vietnam, where wages are only 27% of those found in the Middle Kingdom, and where Chinese companies are increasingly doing their own offshoring.”

Full Story: How US Job Losses Will End (SeekingAlpha-MHFT)

Reducing overwhelming regulatory burdens and requirements would also go a long way to help reduce unemployment as well:

(PeterSchiff) “In my own business, securities regulations have prohibited me from hiring brokers for more than three years. I was even fined fifteen thousand dollar expressly for hiring too many brokers in 2008. In the process I incurred more than $500,000 in legal bills to mitigate a more severe regulatory outcome as a result of hiring too many workers. I have also been prohibited from opening up additional offices. I had a major expansion plan that would have resulted in my creating hundreds of additional jobs. Regulations have forced me to put those jobs on hold.”

Full Story: Peter Schiff: Before the Congressional Committee of Oversight & Reform (YouTube)

]]> http://www.vlogolution.com/hot/2011-11-02-how-us-job-losses-and-offshoring-will-start-to-decline/feed/ 0 http://www.vlogolution.com/hot/2009-05-27-obama-wants-to-color-you-white/ http://www.vlogolution.com/hot/2009-05-27-obama-wants-to-color-you-white/#comments Wed, 27 May 2009 18:52:38 +0000 http://www.vlogolution.com/hot/?p=490

Pres. Obama and U.S. Energy Secretary Steven Chu potentially see a fair amount of green in the lighter shades of white. Photo art by Michelle.

If President Obama has his way, your personal property might get a blanching.  Compared to a horse of a different color, it’s really not that outlandish.  This past Tuesday at a climate change symposium in London hosted by the Prince of Wales, Mr. President expressed his interest in painting rooftops and roadways an “energy-reflecting white”.  U.S. Energy Secretary Steven Chu explained that by painting roads and flat roofs a lighter color it could have a similar energy-saving effect as taking every car worldwide off the road for a whopping eleven years.

As stated in this article, Secretary Chu rationalized that, “It was a geo-engineering scheme that was “completely benign” and would keep buildings cooler and reduce energy use from air conditioning, as well as reflecting sunlight back away from the Earth.

For people who found white hard on the eye, scientists had also developed “cool colours” which looked to the human eye like normal ones, but reflect heat like pale colours even if they are darker shades.

And painting cars in cool or light colours could deliver considerable savings on energy use for air conditioning units, he said.”

Reducing energy costs while saving the planet sounds like a bright idea.  My question is, where will they get the green to go green?  The U.S. Treasury is broke; hopefully, this won’t be a blinding initiative that will break the backs of taxpayers.  Or, maybe this plan for global whitewashing will end washed up.