Reflections on China
Glenn Hamer
Glenn Hamer is the president and CEO of the Arizona Chamber of Commerce and Industry.
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4 comments:
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bobunf posted at 2:14 pm on Tue, Oct 4, 2011.
A year ago in August, I met a very bright young Chinese man whose family had spent a great deal of money right here in the US They spent that money so he could get a PhD in astrophysics at Cal Tech.
When I met him, he had graduated, and desperately trying to get an H1V Visa so that he could stay in the US working for one of our aerospace companies.
He didn't get the visa. He's back in China working in some classified military program. Instead of a contributor to our economy and society, we have a man in China who shakes his head at our stupidity and uses his American education and considerable talents to benefit China.
Good for China; bad for US.
sockratties posted at 12:36 pm on Tue, Oct 4, 2011.
History and experience have shown that innovation occurs in industry. Improvements in product and method occurs within the manufacturing sector. Invention is usually the result of research funded by government or industry even when it occurs at universities.
The idea that people can just start “innovating” is ludicrous. There must be need, focus and funding. We are losing the edge because our creative force has been exported with the jobs, our educational systems have been hijacked by teachers unions and hamstrung by the Department of Education, and corporations no longer support research in this country because, once again, the government is too intrusive.
Until this country eliminates divisive politics and demands a return from social and economic polarization there can be no recovery. When shrill voices, shouting from the spectral extremes of every topic, are the only ones that can be heard, nothing of value can be accomplished.
As Glenn pointed out, the jobs that are created here are essentially service jobs with the purpose of marketing and selling Chinese imports. If he had his druthers he would invite more immigration so even those jobs would be held by the Chinese.
We can also cater to our new master’s needs, because as Mr. Hamer says, “There is a massive future opportunity for American businesses in the service side as China matures.”
Accuracy posted at 10:50 am on Tue, Oct 4, 2011.
Exports support jobs in the United States, and imports displace them.
China’s entry into the World Trade Organization (WTO) was supposed to improve the U.S. trade deficit with China and create good jobs in the United States. But American imports from China have grown much more than what the country has been able to export into it, and the U.S. lost 2.8 million jobs over the past decade.
With Wal-Mart’s increased trade deficit with China, Wal-Mart has lost 133,000 manufacturing jobs from their imports. So far, Arizona is not one of the ten states (like California and Texas) losing the most jobs to China.
Dale Whiting posted at 2:44 pm on Mon, Oct 3, 2011.
Yes, Glenn,
We Americans do need to get over our "America, first, all others second" attitude and come to recognize that not unless and not until we start innovating again will we retain prominence. China's star is rising as ours approaches a setting. And we need to get over our suspecions of Muslim countries, or China will take the lead in world politics and economics way from us, deservidely so.