Jobs Are Job One in the United States
As Americans fired up the barbecues all across the United States this past Monday in the country’s 117th celebration of Labor Day, jobs were on everyone’s minds. On Friday, before workplaces closed for the long holiday weekend, the government announced that unemployment had reached 9.7 percent in August, the highest rate in twenty-six years. Vice President Joe Biden tried to put a positive twist on the news by saying that the stimulus package had “saved or created” 750,000 jobs, but no one gave his statement much credibility. Not only is the statistic he quoted impossible to quantify, but the fact is that 210,000 jobs were lost in the most recent month.
It’s no wonder then that the television and radio networks focused on the jobs situation in the United States in their Friday broadcasts. On a macro-level, experts discussed when the economy might turn around and when companies might begin hiring. At the micro-level, personal interviews related how individuals were dealing with the hardships created by the current economy.
Using the recent story in the New York Times as backdrop, Fox Business took the opportunity to discuss job opportunities in China. In his Friday afternoon show, I was interviewed by David Asman of Fox about China and the opportunities for Americans in the country.
In my interview with David, I discussed the China opportunity in general and how JFP Holdings is helping Western companies to bring their products and technologies to the country. I also described the types of individuals that we are looking for to build the company. The interview was in many ways a continuation of the discussion we have been having on MTD, and I thought our readers would be interesting in being able to listen to it in its entirety.
Apart from the human resources angle, the interview highlighted once again how skeptical many are about what is really happening in China. The general perception in the United States is that Chinese government statistics cannot be trusted and that the “books are cooked” as far as growth metrics. While no one with any experience here will take government figures completely at face value, there is no question that China’s economy is very much alive and growing. The “information gap” between China and the United States remains very wide.