A recent article in the Wall Street Journal caught my attention in the past day. The article starts off on a shaky start, making it appear that it’s concerned about immigration laws, but the title is what caught my eye. Europe is in trouble in a way that America is not.
Image how the vacuum works; foreign immigrants come to America (where the population outnumbers the jobs) and overflow the market with illegal immigrants who are willing to do the work in the informal and formal markets where Americans find such jobs “beneath” them. Europe on the other hand is experiencing the opposite problem. Instead of having too many immigrants, they have too few and their population isn’t booming. In fact the average worker in EU countries is at all time high as they grow older and fewer youth arrive to replace them.
Take for instance the statistics for Germany. Over 3.8 million German workers are currently on the formal labor market, yet somehow the country is experiencing a major labor shortage that has caused 600,000 formal market jobs to be left unfilled. Engineers are in short-order, making up 48,000 of the missing workers. According to the Wall Street Journal, this led to a total of $4.6 billion dollar loss in market revenue for Germany in the past year.
Germany is the world’s largest exporter and therefore holds a special place in the global market but the loss of workers and the growing age of the population places their contribution to the global market in a questionable state. The informal market is nearly as shaky considering that German workers are ignoring over 80,000 unskilled jobs. So what options are left?
Foreign labor is certainly not in a recess in America but for Germany to hold on to its spot as the largest exporter in the world it will need to lower its restrictions. The EU made the free movement of labor a fundamental right but Germany waved that until 2009. In the meantime the country will have to make due and deal with the loss of a large part of the market share as well billions in lost revenue.
The people who could possibly fill these jobs, or as American’s would term it “steal” these jobs, are up in the air. The global market certainly has a large number of displaced and roaming workers. Britain for instance has taken into its bosom over 600,000 immigrants from Eastern Europe in order to fill a hole in the labor pool.
I personally like to think that this is a sign that American’s have an open window in countries experiencing a shortage such as Germany. American degrees hold a lot of weight and the generation that is currently completing their undergraduate degree have the worst case of wanderlust ever recorded. Perhaps the labor shortage is a sign that an international move of labor is coming, but for that to happen, Americans would have to become expatriates.
Expatriates are becoming a growing contribution to the global labor market, including Americans that leave the US in sight of a way of life that doesn’t include 40 hour work week and only two weeks of paid vacation.
EU unemployment, as the Wall Street Journal reports, is at 7.1% (the lowest its been in 15 years). At the same time the European work class is also growing older and most countries population growth isn’t anywhere near as comparable to the US. Therefore new jobs will only continue to be more and more available and outside, foreign workers are the only ones there to fill the gap. Expatriates would be well learned to take advantage of such a shortage, before the rest of the world takes notice.










































The Nightmare WAY Before Christmas
July 29th, 2009I went on an innocent shopping spree this past weekend with the intention of buying myself something nice in celebration of some personal victories. Little did I know that this particular day of shopping would be, at best, nightmarish. Sure, I enjoyed myself, even bought exactly what I wanted despite an overzealous sales associate. But what bit the day in the ass was something I saw at a major department store. What I saw was so out of place, so inappropriate, so…wrong.
I saw Christmas decorations, in July.
I’m not anti-Christmas by any means. I have been known to enjoy the season with the proverbial cocktail and candy cane in hand. But that has always been when the weather has reached below 60. As it is, it hasn’t even fallen below 80. So when I walked into the perfume and makeup department to be assaulted with shiny red garland hung around the counters like bunting, I had to do a mental check that I hadn’t blacked out and missed the last three months of my life.
There atop the various counter islands were small green gnome sized trees baring silver globes with red accents. True to advertising standards since the late 90’s, there were no mangers with babies surrounded by farm animals. There were no images of Jesus. But make no mistake, this was a Christmas display.
Once the initial shock wore off and I unclenched my jaw, I let the horror of the scene filter through and I began to question why any national company would okay such a drastic raping of the yearly calendar’s fixed holiday schedule. The answer was clear immediately: People spend more money when the holidays roll around. So, why not make them think that stockings and snow are just around the corner? Perhaps the average American won’t do the simple math in their head and notice the marketing ploy at their feet? Sadly, this is probably true.
I guess that is the real reason I’m fuming over this Christmas marketing ploy. It’s a form of mental warfare. It’s a subliminal attempt to trick the lower and middle classes into spending cash and credit they don’t have and shouldn’t be using on frivolous expenses. I, myself, was a little leery of spending any of my money on such things. I pity anyone who falls for this deceitful marketing ploy because it will backfire when it counts the most.
Consider the possibility that a low-earning family sees the covert decorations and falls for the effects. They get into a cheery mood and start noticing all of the little pretties around the store. Money is low, jobs are perilously dangling, but hey, as long as there is money for food, gas and water, surely what meager amount is left over can be used to keep the smiles on everyone’s beaming little faces. Just buy something; it’ll make all your troubles go away. Don’t have the cash? Charge it! It isn’t like you will see it on your statement until the next month.
But what if you get a flat tire? What if a pipe bursts? What if someone gets sick and needs medication? The visit to the doctor alone will drain your account of at least $100, with or without insurance. Americans have been trained to follow the instant-gratification rule. Why wait when you can have it now? It looks like Christmas in the store. So, why not indulge in a little Christmas joy right here, right now?
At the end of the day, putting Christmas half a year early is in a way robbing us of the actual holiday. It’s exploitation of the worst kind. Going out and helping a major corporation’s bottom line might look good as the next round of quarterly earnings hit the market. But if the money is gone when the most important period in the American economy sneaks up on us, how will those numbers reflect the current state of our finances? Using such blatant trickery paints a very nasty color on all of us and takes away that magic in Santa’s smile. In fact, it makes it just a little bit menacing, knowing and threatening. Those little trees with shiny bobbles surrounded in glittery red garland in July are the real Nightmare Before Christmas.
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Tags: American Christmas Commentary consumer consumerism decorations department store economics evil gay rights July money Nightmare Before Christmas Santa shopping unemployment