Quote:
Originally Posted by AK_Gandy
I thought Frieman's book....... The world is flat.........was dead on.
His feeling that ..........."in order to fight the quiet crisis of a flattening world the United States work force should keep updating its work skills. Making the work force more adaptable Friedman argues will keep it more employable. Friedman also believes there should be more inspiration for youth to be scientists, engineers, and mathematicians due to a decrease in percentage of these ingrown professionals from America." is absolutely correct IMO. 
In fact, using the observation's in his book have helped my investment portfolio tremendously.  |
Diversifying my credentials has helped me tremendously- however, I'm in a very tiny minority who has been helped by that. In the last 20 years, I've heard the cry to broaden ones capabilities, seen many go to school for MBA's and other sheep skins and vocational certificates, and the end result is they still got laid off from their high paying jobs because management offloaded to foreign countries where they could get dirt cheap labor. Was that smart on management's part? IMHO, NO WAY. I work in Quality Assurance, and I'll tell you, the "cheap, foreign labor" does NOT offset the costs incurred with angry customers when they receive crappy quality items, and it certainly does NOT included the costs absorbed by the companies for late deliveries. What do you suppose it's costing Airbus for late deliveries on the A-380? Billions. How about how much it's costing (I work there, can't say the name), for late deliveries of their new airplane? Who knows, but between the two, billions in late penalties and billions in bailouts for sub-standard vendors, I would guess- Perhaps hundreds of airplanes' profit margin down the drain because of offloading to companies that were NOT prepared to handle the pressure of quality, cost and delivery schedule. Many of the tier 2 and 3 companies build parts for BOTH, and aren't on schedule for either. Now translate that into lost passenger revenue. Billions and Billions of dollars lost in only a couple years, plus billions wasted on excess fuel costs to fly older, less efficient planes, plus billions lost into thin air because of loss of investor confidence. The biggest offset to the trade deficit in this nation is AIRCRAFT SALES. It's no joke, no laughing matter. For the last 20 to 30 years, this nation has disgraced itself in the way it's treated it's workforce- the result is it has gutted itself, offloaded itself, given away technology and jobs, spent our way into debt that amounts to over $400k per family on the national debt alone (plus personal debt), and for what? So "free enterprise" and "investors" (most of whom aren't even Americans) can do everything they can to make short term profits at the expense of the future of the nation. For God's sake, y'all, we've got more oil than the entire middle east, and zero motivation by our government to extract it from the ground. Conservatives and Liberals alike are GUILTY of creating this mess and worse- allowing it to continue. The fact is, WE THE SHEEPLE are NOT going to get it changed with the current crop of thieves in office.
