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01:37 AM on 05/15/13 
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EasySkankin
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True but done incrementally I think the manufacturing base will have legs. The whole region's manufacturing sectors are experiencing labor shortages (evidenced with all the pay raises). We'll have to see. I really wish we had a multilateral comeback of the International with the kind of funding and support the IMF and world bank have. Perhaps less radicalism, too.

Check out Buycott, an app that informs of a product's connection to companies fighting GMO labeling like Monsanto, Global Warming denialism like the Koch Brothers, and George Soros so even the Glenn Beck viewers don't miss out. Lots of bugs atm but looks promising.
08:28 AM on 05/15/13 
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open mind
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anchorage
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True but done incrementally I think the manufacturing base will have legs. The whole region's manufacturing sectors are experiencing labor shortages (evidenced with all the pay raises). We'll have to see. I really wish we had a multilateral comeback of the International with the kind of funding and support the IMF and world bank have. Perhaps less radicalism, too.

Check out Buycott, an app that informs of a product's connection to companies fighting GMO labeling like Monsanto, Global Warming denialism like the Koch Brothers, and George Soros so even the Glenn Beck viewers don't miss out. Lots of bugs atm but looks promising.
If I had to guess I'd say the pay raises have more to do with the fact that workers are fed up and demanding raises then they do with labor shortages.

I've heard very little about the positive things the world bank and IMF do, and a whole lot about the shitty things they do, so I'd be fine with those institutions ceasing to exist. Any positive things they do could probably be done better by other, less corrupt organizations.

Sounds like a cool and potentially useful app.
11:25 AM on 05/16/13 
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EasySkankin
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If I had to guess I'd say the pay raises have more to do with the fact that workers are fed up and demanding raises then they do with labor shortages.

I've heard very little about the positive things the world bank and IMF do, and a whole lot about the shitty things they do, so I'd be fine with those institutions ceasing to exist. Any positive things they do could probably be done better by other, less corrupt organizations.

Sounds like a cool and potentially useful app.
The workers are switching back and forth between the farms and factories. Since workers have the option of where they want to work, The factory owners have to make their offer appealing, so they increase wages. If they don't, they experience labor shortages.

Stiglitz has a great book on just this, called Globalization and its Discontents. Captivating read should you wanna venture into the subject.



Harkening back to the other discussion

WASHINGTON – To the US technology industry, there’s a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it’s more sinister: the push by Facebook’s Mark Zuckerberg to expand the number of visas for high-tech foreign workers is an attempt to dilute a lucrative job market with cheap, indentured labor.

The answer is somewhere in between, depending as much on new technologies and the US education system’s ability to keep up as on the immigration law itself. But the sliver of computer-related jobs inside the US that might be designated for foreigners – fewer than 200,000 out of 6 million – has been enough to strain a bipartisan deal in the Senate on immigration reform, showcase the power of big labor and splinter a once-chummy group of elite tech leaders hoping to make inroads in Washington.

“A lot of people agree that employers should have access to (highly trained) immigrants – that they are a benefit to the country, and we are a country of immigrants,” said B. Lindsay Lowell, director of policy studies at Georgetown University’s Institute for the Study of International Migration. “I think the question is how much of a good thing is good.”

...

The expansion of H-1B visas is considered the first major victory for Zuckerberg’s new nonprofit lobbying organization, FWD.us, which receives financial backing from such big tech names as Bill Gates of Microsoft, Reid Hoffman of LinkedIn and Napster pioneer Sean Parker. In announcing the group, pronounced “forward us,” Zuckerberg in April called for changes so that U.S. businesses could attract “the most-talented and hardest-working people, no matter where they were born.”
src
11:41 AM on 05/16/13 
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EasySkankin
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Bit of a follow up to the post Rana Plaza corporate agreement:

How will Wal-Mart get the unvarnished truth about factory conditions from poor workers, who are likely to be worried about repercussions from their managers? By tapping a Silicon Valley startup, called LaborVoices, that sells technology to make it easy for factory employees to report anonymously on working conditions inside their factories by phone. Its voice recording systems poll workers in their native languages, aggregate their responses, and send them recordings with info about local support services. Companies that sign up for a subscription get access to an online dashboard displaying information on selected factories. (We profiled LaborVoices, and a similar service called Labor Link, in a story (well link to it when its online) in this weeks Bloomberg Businessweek.)

In a telephone interview this morning, Kohl Gill, LaborVoicess founder and chief executive, says the rollout wont happen immediatelythe goal is to connect with workers in Wal-Marts 279 suppliers essentially by years end. If the time frame changes, well be very public about it, Gill says. Were focusing this intervention on safety. Thats the main issue were trying to get at here.
src
05:28 PM on 05/16/13 
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open mind
bastard on parade
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anchorage
Male - 33 Years Old
The workers are switching back and forth between the farms and factories. Since workers have the option of where they want to work, The factory owners have to make their offer appealing, so they increase wages. If they don't, they experience labor shortages.

Stiglitz has a great book on just this, called Globalization and its Discontents. Captivating read should you wanna venture into the subject.



Harkening back to the other discussion

WASHINGTON – To the US technology industry, there’s a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business. To unions and some Democrats, it’s more sinister: the push by Facebook’s Mark Zuckerberg to expand the number of visas for high-tech foreign workers is an attempt to dilute a lucrative job market with cheap, indentured labor.

The answer is somewhere in between, depending as much on new technologies and the US education system’s ability to keep up as on the immigration law itself. But the sliver of computer-related jobs inside the US that might be designated for foreigners – fewer than 200,000 out of 6 million – has been enough to strain a bipartisan deal in the Senate on immigration reform, showcase the power of big labor and splinter a once-chummy group of elite tech leaders hoping to make inroads in Washington.

“A lot of people agree that employers should have access to (highly trained) immigrants – that they are a benefit to the country, and we are a country of immigrants,” said B. Lindsay Lowell, director of policy studies at Georgetown University’s Institute for the Study of International Migration. “I think the question is how much of a good thing is good.”

...

The expansion of H-1B visas is considered the first major victory for Zuckerberg’s new nonprofit lobbying organization, FWD.us, which receives financial backing from such big tech names as Bill Gates of Microsoft, Reid Hoffman of LinkedIn and Napster pioneer Sean Parker. In announcing the group, pronounced “forward us,” Zuckerberg in April called for changes so that U.S. businesses could attract “the most-talented and hardest-working people, no matter where they were born.”
src
Sounds like workers demands are the real reason for raises then.

If facebook is paying their world class talent world class wages/salaries I don't have any problem with that sort of thing.
05:30 PM on 05/16/13 
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David87
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I read today that American corporations weren't signing that Bangladesh agreement?
05:32 PM on 05/16/13 
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open mind
bastard on parade
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anchorage
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Bit of a follow up to the post Rana Plaza corporate agreement:

How will Wal-Mart get the unvarnished truth about factory conditions from poor workers, who are likely to be worried about repercussions from their managers? By tapping a Silicon Valley startup, called LaborVoices, that sells technology to make it easy for factory employees to report anonymously on working conditions inside their factories by phone. Its voice recording systems poll workers in their native languages, aggregate their responses, and send them recordings with info about local support services. Companies that sign up for a subscription get access to an online dashboard displaying information on selected factories. (We profiled LaborVoices, and a similar service called Labor Link, in a story (we’ll link to it when it’s online) in this week’s Bloomberg Businessweek.)

In a telephone interview this morning, Kohl Gill, LaborVoices’s founder and chief executive, says the rollout won’t happen immediately—the goal is to connect with workers in Wal-Mart’s 279 suppliers “essentially by year’s end.” If the time frame changes, “we’ll be very public about it,” Gill says. “We’re focusing this intervention on safety. That’s the main issue we’re trying to get at here.”
src
Sounds like wal-mart suppliers have 6 months to make sure their workers have a hard time accessing a phone.
05:42 PM on 05/16/13 
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open mind
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anchorage
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I read today that American corporations weren't signing that Bangladesh agreement?
Haha, yeah. They're concerned that it's legally binding, and not just a nice sounding press release.
07:35 PM on 05/16/13 
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Zeran
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Haha, yeah. They're concerned that it's legally binding, and not just a nice sounding press release.
unsurprising.
08:17 AM on 05/19/13 
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open mind
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anchorage
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Anything else would be downright unamerican.
11:08 AM on 05/19/13 
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David87
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Anything else would be downright unamerican.

But hey we're giving these people jobs at least so they should be grateful for that, right?
01:37 PM on 05/19/13 
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Nuns On A Bus
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Our only wish is that we could put them in work camps and work them to death so that our t-shirts from Walmart could be free instead of 3/$5.
02:28 PM on 05/19/13 
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Our only wish is that we could put them in work camps and work them to death so that our t-shirts from Walmart could be free instead of 3/$5.
Free? Now that's just socialist nonsense. Everyone knows you need to take on loads of soul crushing debt to educate youself so you can get a job you hate in order to be approved for more debt creating credit that finally allows you the FREEDOM to buy the latest heavily marketed and overpriced products of exploitation that you don't really need. It's simply the natural order of things.
08:30 PM on 05/19/13 
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EasySkankin
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Surprise! Apple, one of the largest taxpayers in the country, dodges a substantial amount of taxes by shuffling money overseas and various other accounting tricks
The main problem though is simply being able to account for all profits that are actually made here in the states.

R&R make spreadsheet errors, and Krugman makes basic graphing errors

In his Figure 1 (reproduced below), Krugman identifies his zero year as 2007 (“zero year is the before global recession (2007 in the current slump) and spending is compared with its level in that base year.”) But government spending equals 100 in year -1 and increases sharply in year 0. So his figure indicates that spending increased in 2008 not 2009. It therefore seems to me that the horizontal axis in Figure 1 was mislabeled.


If anyone is studying the subject academically, I strongly urge you to watch this. One of my favorite economists (probably my favorite living one) has been spending the last year+ developing this program which can express all kinds of dynamic economic models.
06:16 AM on 05/20/13 
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Zeran
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economists annoy me.



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