On Tue, 15 Dec 1998, Doug Henwood wrote:
> Michael Perelman wrote:
>
> >In response to Tom's question below, I suspect that the Bank of International
> >Settlements may be correct in so far as they go. The norm is not for a
> >company
> >to remove jobs via direct investment in a facility abroad.
> >
> >Outsourcing is a more likely route. Outsourcing need not involve direct
> >investment. Besides, the Bank statement is unclear if t would even pick
> >up the
> >direct investment that leads to outsourcing.
> >
> >For example, GM wants to outsource an auto part. I invest in a shop in
> >Bolivia
> >to make the part, but not direct investment links the change to GM's laying
> >workers off.
>
>
> Well how about this? The table shows total employment in U.S. motor
> vehicles and equipment up 265,000 from Jan 90-Nov 98 - or 216,000 looking
> at just production workers alone. In parts and accessories, the numbers are
> +167,000 and +130,000. After declining from the 1970s into the early 1990s,
> motor vehicles have increased their share of total employment since.
>
> Another point - though lots of people generalize about "globalization"
> trends from the auto industry, it represents well under 1% of total
> employment. Over 7 times as many people work in finance as in motor
> vehicles; 10 times in health, 20 times in government, and 22 times in
> retail.
>
> Doug
>
Even services are "globalized". however, overseas shares of output,
employment, etc. to total national output, employment, etc. is still very
small. In other words, the whole question of globalization has been
perhaps overblown.
Anthony D'Costa
> ----
>
> EMPLOYMENT IN U.S. MOTOR VEHICLE INDUSTRY
>
> motor MV
> vehicles & parts &
> equipment accessories
> ---------------- -------------- total
> total produc total produc employment
> 1/70 879 683 382 306 71,018
> 1/80 852 627 388 304 90,729
> 1/90 737 540 373 290 108,946
> 2/92 804 616 414 327 108,077
> 11/98 1,002 756 539 421 126,775
>
> change to
> 11/98 from
> ----------
> number
> 1/70 +123 +73 +157 +114 +55,757
> 1/80 +150 +129 +151 +117 +36,046
> 1/90 +265 +216 +167 +130 +17,829
> 2/92 +198 +140 +125 +94 +18,698
>
>
> percent
> 1/70 +14.0% +10.7% +41.1% +37.3% +78.5%
> 1/80 +17.6% +20.6% +38.9% +38.4% +39.7%
> 1/90 +36.0% +40.0% +44.7% +45.0% +16.4%
> 2/92 +24.6% +22.7% +30.2% +28.8% +17.3%
>
> % of total
> 1/70 1.24% 0.96% 0.54% 0.43% 100.0%
> 1/80 0.94% 0.69% 0.43% 0.33% 100.0%
> 1/90 0.68% 0.50% 0.34% 0.27% 100.0%
> 2/92 0.74% 0.57% 0.38% 0.30% 100.0%
> 11/98 0.79% 0.60% 0.43% 0.33% 100.0%
>
>
