This infographic asks a really important question – where in the world ARE the American jobs? If you live in the U.S., odds are you know somebody (or may even be somebody) who is looking for a job. The options are scarce, the pay is low, and the economy keeps getting worse and worse. So, let’s look to see if this infographic can give us any answers.
A graph shows us that in 1990 there were just under 7,000,000 unemployed people in the U.S. As of 2010 there were almost 15,000,000 unemployed people in the country. That was about 9.6% of the population. As of July 2011, the unemployment rate was 9.1%.
Apparently, 150,000 new jobs need to be added each month in order to keep the growing population employed. Bump that up against the 36,000 jobs that were added in January of 2011, and it’s easy to see why the unemployment rate stays so high.
Gross Jobs Lost and Gained
As for jobs lost, the amount seemed to rise steadily between 1993 and 2001, fall between 2002 and 2006, spike like crazy between 2008 and 2009, and finally take a plunge in 2009/2010. As for jobs gained, there was a spike in 1995, a drop in 1996, and a decline until 2008, where there was a sharp drop. Between 2009 and 2010 the amount of gross jobs gained has risen a little, which is a good thing.
The next section is aptly called “The Blame Game.” A “pool of respondents” have a few different explanations as to why the unemployment rate is increasing. Some think it’s because of less expensive labor performed by people who came to the U.S. from a different company. Some think it’s because we’re outsourcing so much work to other countries to save money. Others thin kit is because of Wall Street. Yet others blame George W. Bush, while others blame Obama. The numbers in this section don’t make sense to me, unless the pool of respondents were able to give more than one answer, or they did the percentages based on asking person A if they believed one was true and 74%, for example, said yes. This is a point of contention for me with most infographics. I was taught to show my math. And I do. But alas, I digress…
It Gets Worse
Not only is the unemployment rate awful, but the import/export balance is in the dumper. The gap between what America exports and imports is growing – in 1991 the U.S. imported $488,172 millions of dollars worth of stuff while exporting $421.922.9 million – leaving a negative balance (money earned from exporting minus money spent by importing goods) of $66,249.8 million. In 2006, the negative balance was over $827,970.0 million, with us importing a lot more. In 2010, the U.S.’s biggest export to China was “scrap and trash.” What they want with scrap and trash, I don’t know, but that’s pretty bad that scrap and trash beat out, volume-wise, anything we built or manufactured.
What People Earn
This tiny section addresses the median earnings of someone with a high school diploma vs. someone with a Bachelor degree, and for some reason tells us the salary of the average software engineer. There are 155 million in the workforce total, with 39.1% corporate taxes, whatever that means. It’s not clear.
Who are We Outsourcing To?
India, China, and Latin America. I guess this is where the software engineer salary information comes into play, since we outsource that a lot and the pay to people in other countries is a lot less. Unfortunately, there are lots of perks for companies who outsource. The infographic tells us that, but it does not address any disadvantages a company faces when outsourcing work to other countries. That would have been useful information, I think.
Factors for Outsourcing
They list the top 5 things executives consider when choosing an outsourcing partner. Not surprisingly, labor costs are the biggest consideration, followed by technology and infrastructure capabilities, then skilled labor, THEN language proficiency, and then economic stability.
Job Creation U.S. vs. Elsewhere
Look at the graph and weep.
I didn’t love the colors or font used, but the graphic was laid out OK and despite my issues with the color and font choices, I found the graphic mildly visually appealing.
I always want to know more. The infographic did address the question of where are the American jobs – clearly they are not in America anymore, but I would have liked more explanation to the percentages given for things, and would have liked to have seen more information regarding American exports. All in all, a solid infographic.
Source: Online MBA Programs