From: "Mark Hessey" 


"Adam Flinton"  wrote:
> >> The economy is good.
> > Where?
>
> China.

Not necessarily, not at least, from a manufacturing point of view as it
relates to available jobs:
"Economists at Alliance Capital Management LP in New York have looked
at employment trends in 20 large economies and found that from 1995 to
2002, more than 22 million jobs in the manufacturing sector were
eliminated, a decline of more than 11%. The US lost about 2 million jobs,
an 11% drop, but Brazil had a 20% decline. Japan's factory workforce shed
16% of its jobs while China's was down by 15%.

Joseph Carson, director of global economic research at Alliance, says the
reasons are similar around the globe - gains in technology and competitive
pressure have forced factories to become more efficient, allowing them to
boost output with far fewer workers. And even as jobs declined, global
industrial output has risen more than 30%."
http://www.jobsletter.org.nz/jbl19800.htm

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