Archive for domestic economy

An Economist Viewpoint on the Trans-Pacific Partnership [From a Family Perspective]

My Dearest Wife:

Today I need to tell you some good news and some bad news.  I decided to tell you the bad news first because when I tell you the good news you will understand the bad news isn’t all that bad.  However, before I start it is best to remember our journey together and what we achieved with our lives as a couple and family.

calc-for-business-and-economicsWho ever thought when I first met you in college we would be married.  I needed tutoring in calculus and you were a math major.  We both went on from college and achieved our professional goals.  You become an actuary and I become an economists.  I cannot thank you enough for supporting me while I pursued my PhD in Economics.

We then focused our attention on raising two beautiful children, gave them emotional and financial support to help them achieve their passions.  Read More →

How Mentoring Helps Tradeable Service Labor

mentoringAn advanced industrialized nation’s labor force disparity with global tradeable services can become more favorable if mentoring is adapted and recognized as a competitive advantage.

In the global labor force a computer programmer with 10+ years’ experience is equal in abilities. However, only the advanced industrialized nations have many computer programmers with 35+ years’ experience.  That holds true in many tradeable service sector industries. Read More →

Emerging Service Sector Labor Life Cycle [Reducing Domestic Jobs]

In international economics there is a product life cycle concept.  It basically means innovative manufacturing economiesproducts that originate in America will eventually be lost to foreign manufacturing.  This is mainly caused by cost differences between countries.  The only way for the American economic system to stay healthy is to keep being innovative.

The product life cycle has several stages:

  • Create and Sell Product Domestically
  • Expand Product to Foreign Markets
  • Foreign Markets Growth Supports Local Mfg. & Distribution
  • Manufacturing & Distribution Cost Cheaper in Foreign Market Export to America
  • American Manufacturing is closed

The same company owned both manufacturing facilities, Read More →

How Talent Acquisition Software Hurts Tradeable Services

computer_help_wantedSeeking out talented workers is accomplished by using the human element.  The old saying “it takes one to know one” is the best way to locate and determine talent from a resume or LinkedIn profile.

Talent acquisition software is more list creation then trying to acquire talent.  A simple workflow analysis of talent acquisition software reveals some interesting observation.

Data Capture

A currently employed person who is considered by their company as exceptional, would not spend 20 minutes of their time entering their resume into data fields for HR consideration.  This person doesn’t want their company knowing they are entertaining the thought of seeking different employment.  They would rather have minimal email correspondence and mostly phone conversations.

The new company is trying to lure a quality worker from another company, in this situation less is more.  If the person didn’t have the skills needed the company looking would have never contacted them. Read More →