Bloody Monday: 50k laid off today

[Stephen_c 10+ year member]

so..... any good deals in the forsale section ????

 

[duece212 5,000+ posts]

I know this and it's a good thing. Americans will have to take a drop in their standard of living. We will have to adjust our consumption patterns. Essentially working harder and longer for less; ties the American way. Our productivity and ability to drive expertise is areas of demand are what separate us from India and China...
Have you actually worked with any of these individuals? I do on a daily basis as many of my pears are located in China, India, Korea, etc.. They each have their own attributes and technically are stronger/superior to my American colleagues in several ways.

2 weaknesses they haven't overcome yet:

1) Imagination or the ability to think 'outside of the box' as the catchphrase goes. You give them a technical spec to code or a formula matrix to complete and they execute it great. But if you provide no SOP and detailed functional spec they have no ability to solve problems. Hence the creativity and problem solving abilities of my American colleagues are better.

2) Flexibility is not their vocabulary. You give them a new defect or problem and they have a difficult time overcoming the issue without a great amount of assistance.

Agreed, but they are still taking jobs, competent or not. I work with both on a daily basis. I've noticed H1B imports are very knowledgeable and dedicated. Employees that I work with that are actually in India/etc seem to be the exact opposite.

I think we need innovation of some sort here to survive at all, if not we have nothing but a nation of consumers trying to survive on lack of sustainable job sources

 

[LazyRider 10+ year member]

This sucks

 

[joetama 5,000+ posts]

This sucks

NO what would **** would be living in a totalitarian society where you lived in the constant fear of death & imprisonment. There are much worse things than a tough economy or having to budget ourselves.

 

[hoss 5,000+ posts]

Pssshhh You are lucky then my shop has already made 3 lay-offs this month.I have been laid off about 6 or 7 times past 2 years.

there is a difference between getting layed off and getting fired... im not so certain you are grasping this difference.

 

[joetama 5,000+ posts]

there is a difference between getting layed off and getting fired... im not so certain you are grasping this difference.

Most definitely is...

 

[hoss 5,000+ posts]

Most definitely is...

is a difference between the two? or he is grasping the difference?

 

[joetama 5,000+ posts]

is a difference between the two? or he is grasping the difference?

There is a large distance between the two of them. And I don't think he is grasping the difference.

 

[Flipx99 5,000+ posts]

You show us 12%+ National Unemployment you will see that equilibrium reached rather quickly. There is going to be significant downward pressure on wages. Experienced employees are going to be competing against newer/cheaper labor in markets they haven't before.

People aren't used to being treated as a commodity or product that must continually differentiate and improve like a can of soup.

 

[Flipx99 5,000+ posts]

get that weaksauce out of here with your time article...
Here is the BLS latest release for Dec 08 (7.2%).

http://www.bls.gov/news.release/empsit.nr0.htm

Yes we all know this figure doesn't measure those workers not actively seeking jobs or those underemployed. But it is the benchmark that all economists use.

You and your real statistics...

 

[Blazin_Jason 10+ year member]

I don't have numbers but lots of trade workers unemployed around here. Welders, plumbers, electricians, construction, etc etc. Lost our largest customer at work due to their sales not fulfilling. Gonna be interesting for the next little bit and pretty scary as well. Just bought our first house too :S

 

[LazyRider 10+ year member]

NO what would **** would be living in a totalitarian society where you lived in the constant fear of death & imprisonment. There are much worse things than a tough economy or having to budget ourselves.

Ummmm getting laid off from work does **** //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

 

[djman37 5,000+ posts]

not reading 4 pages to check.

Pfizer. That's funny as they are bidding $68 BILLION to buy werth (or wreth) right now.

 

[keiffith 10+ year member]

if obama gives the american public any money its just going to go to china.. how many people here DON"T shop at wallmart?

 

[keiffith 10+ year member]

not reading 4 pages to check.
Pfizer. That's funny as they are bidding $68 BILLION to buy werth (or wreth) right now.

its consolidating. they are buying then to have a larger number of products, but when they have werth they will cut out as many jobs as possible, and hope they will make money out of the deal.