Re: Another article on manufacturing jobs losses (spelling fixed)

On 5 May 2007 04:30:50 GMT, D Murphy <spamto154@xxxxxxxxxxx>
wrote:

F. George McDuffee <gmcduffee@xxxxxxxxxxxxxxxxxxxxxx> wrote in
news:49tn33tl8k03csthtni9ni3d9ki4cu7vsf@xxxxxxx:

Running some quick stats with "dummy coding" (US domicile = 1,
non-us =0) a quick regression analysis indicates no such affect,
i.e. higher gross revenues for US domiciled companies. Note that
I phrase it this way as there are no more American companies,
only companies domiciled or chartered in America that used to be
American.

Sorry George. I should have been more clear in this age of multi-nationals.
There was an article in "The Economist" IIRC, that laid out the loss of
high paying R&D Big Pharma jobs in Europe.

I'll try to dig it up.

But it had nothing to do with gross revenue of the corporation. It just
made a case that a large chunk of the primo jobs have been moved to the US.
Then they ran some math, calculating the cost of the loss of those jobs and
the future expense of new drugs being unavailable to patients for prompt
treatment, which they then compared to the supposed savings from fixed
price drugs.

Oh hell. Here it is. It was in "The Economic Times". And I'm too tired to
bother retyping this post.

<http://economictimes.indiatimes.com/Opinion/Editorial/Innovation_suppressa
nts/articleshow/msid-1992684,curpg-1.cms>

I feel like I'm still not doing a good job of explaining it so you'll have
to read it to see where the numbers come from.

In any case, the A380 is all about status IMO. Maybe that gets you a bit of
market share. Maybe building it does create some hidden economic benefit.
But I believe the main reason it was designed to be so big is to show off
and has little grounding in sound economics.
=====================
The URL indicates the article is no longer available. I do note
however that this was an India Times article, which will be
unavoidably from the Indian perspective. FWIW, the #50 company
on the Wiki list was Dr.Reddy's Laboratories Ltd.
which is Indian.

From the immediately available data and my memory it appears that
the big-pharma jobs losses are more related to the merger and
acquisition mania than any price caps and regulation. Even in
the US when two drug companies merge, the first step is to fire a
bunch of people, generally those in the labs with the most
seniority and highest wages which tend to be the most experienced
and productive.

If the concern is job retention and domestic drug availability,
it appears that a cap on the size of the pharmaceutical companies
would do far more than some sort of generalized "help yourself --
hog at the trough" deregulation which not only robs the citizens
of their money, but in many cases cost them their lives [Phen-fen
or Viox anyone?]

As a general rule, I suggest that if reliable data is not
available to support an economic or legal claim, then most likely
it is simply another fairy story to beguile or frighten small
children and/or the voters, with an all too common objective of
separating them from any money they may have in their pockets.

Big pharma appears to be another one of those foundational
economic sectors that has made a stealth shift from providing
real goods and services such as medicine, fine chemicals, and
basic biomedical research to financial manipulation, speculation
and restraint/restriction of trade. Everything considered, it is
indeed easier and more certain to make money the old fashioned
way, i.e. steal it, but at the very least they should lower the
red-cross banner and hoist the "jolly roger" and not continue to
sail under false colors.

Many of the more patriotic and nationalistic leaders are refusing
to participate in this global scam. Two examples are the
self-taught machinist and current president of Brazil "Lula" de
Silva and the military junta of Thailand
See
http://www.miamiherald.com/795/story/96333.html
http://www.cptech.org/ip/health/c/brazil/
http://www.cptech.org/blogs/ipdisputesinmedicine/2007/02/pharmas-seven-deadly-lies-about-thai.html
http://content.nejm.org/cgi/content/extract/356/6/544
http://www.news-medical.net/?id=22671
and several million more.
google on <2007 pharmaceutical mandatory OR compulsory>

Unka' George [George McDuffee]
============
Merchants have no country.
The mere spot they stand on
does not constitute so strong an attachment
as that from which they draw their gains.

Thomas Jefferson (1743-1826),
U.S. president. Letter, 17 March 1814.
.

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