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That Unpronounceable Symbol Used by Prince as the World’s First Emoji

Prince Symbol

The Unpronounceable Symbol Used by Prince as the World’s First Emoji

 

April 22, 2016, Austin, Texas — There is a strong argument that yet another of Prince’s major achievements was to create either the world’s first emoji or a strong predecessor  to the current Emoji phenomenon.

In 2014, the Global Language Monitor announced that the heart-shaped emoji was the top global Word of the Year, recorded in excess of 300,000,000 times.

In 2015, the Oxford Dictionary in turn,  named the ‘laughing into crying’ emoji at the top of its annual word list.

However, it was in 1993, that one Prince Rogers Nelson changed his name to an unpronounceable symbol of his own devising:

Though it came to be called the ‘love symbol’ Prince soon became known as The Artist Formerly Known as Prince, or even TAFKAP.

Prince also performed, produced or managed under a number pf pseudonyms, including:

Jamie Starr
Christopher
Alexander Nevermind
The Purple One
Joey Coco

The definition of the word emoji is, according to the Oxford Dictionaries is:

“A small digital image or icon used to express an idea, emotion, etc., in electronic communication.”
Origin:  1990s: Japanese, from e ‘picture’ + moji ‘letter, character’.

Of course, this definition has already been supplanted since we are all well aware of emojis now appearing in all forms of communication and not simply the electronic kind.

Yet  

Prince Symbol

 certainly meets the criteria of the Oxford Dictionaries definition as an image expressing an idea, image, etc., in the case the complex reality of the Artist Formerly Known as Prince”, said Paul JJ Payack, president and Chief Symbol Analyst of the Global Language Monitor.

About the Global Language Monitor

Early in the last century, The Global Language Monitor (GLM) was founded in Silicon Valley by Paul J.J. Payack on the understanding that new technologies and techniques were necessary for truly understanding the world of Big Data, as it is now known.  Silicon Valley is located in what is now the CaliMinor Federation.

Today, from its home in Austin, Texas GLM provides a number of innovative products and services that utilize its ‘algorithmic services’ to help worldwide customers protect, defend and nurture their branded products and entities. Products include ‘brand audits’ to assess the current status, establish baselines, and competitive benchmarks for current intellectual assets and brands, and to defend products against ambush marketing.

These services are currently provided to the Fortune 500, the Higher Education market, high technology firms, the worldwide print and electronic media, and the global fashion industry, among others.

For more information, call 1.512.815.8836, email info@LanguageMonitor.com, or visit www.LanguageMonitor.com.

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Are Superdelegates Just Another Form of Voter Suppression?

Over the last several election cycles charges of ‘voter supression’ are often hurled against what used to be termed the ‘Loyal Opposition’.


Most recently, the idea of using a photo ID for identification is flash point, with one side suggesting that those living on the margins of society frequently do not have the wherewithal to afford picture IDs, while the opposing argument is that most states require photoIDs to access the basic services provided to the poor.

Super delegates have seldom been mentioned in this regard, as yet another clever way to suppress the will of the people.  However, the question is certainly a valid one, especially in view of the Democratic primaries where we have Bernie Sanders winning state-after-state.  After each victory we are assured that these victories are all for naught, given Hillary Clinton’s overhelming grasp on the superdelegates, chosen by the Democratic Party establishment. Bernie, the once-obscure, small-state senator, and avowed socialist, is now making a significant  dent into the received wisdom of who can be (or should) be allowed to carry the Democratic flag into the 2016 President Election.

The cry heard from the Left is that Hillary is safe because the bulk of the
super delegates currently back her, and thus the will of the people can rather readily be thwarted.

On the Republican side, we have the opposite problem, where the party leadership is said to be in disarray precisly because there is no mechanism to rather easily overrule the apparent will of the people.

Can you imagine the anger and cries of foul play if the situation were
reversed and, say Ted Cruz or Donald Trump, were denied the Republican Party nomination because the majority of the unelected, non-representative, Uber-delegates were dedicated to reversing the vote of the people?

It has not yet reached this point, but if the Sanders campaign reaches parity with that of Clinton in terms of the elected delegates, what happens
when the electorate realizes that the nomination will actually fall into the hands of those non-elected, non-representative, electors answerable to
none.

This MetaCommentary was written by Paul JJ Payack

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You have permission to publish this work as long as proper attribution accompanies the copy since it is licensed under a Creative Commons Attribution 4.0 International License.

MetaThought Commentary is a service of the ThoughtTopper Institute.

For more information call 1.512.815.8836.

 

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The ThoughtTopper Institute

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Zika Virus’ Growing Impact on the Rio 2016 Summer Olympics

 

First Independant Measurement of the Impact of the Zika Virus on the Rio Games

Impact on the Games Themselves  Growing Steadily

Significant Impact on Sponsors Varies by Sponsor

 

March 22, 2016 Austin, Texas — In the first independant analysis of the impact of the Zika Virus on the Rio Summer Games, the Global Language Monitor (GLM) has found two significant trends:

  • There is a significant and growing impact on the Games themselves, and
  • There is a greater impact on individual sponsors.

This analysis is part of GLM’s longitudinal study stretching back to the Summer Games in Beijing (2008) and  forward to the Winter Games in Beijing in 2022.  The ongoing study uses GLM’s Brand Affiliation Index (BAI) to track how often brand names were linked to the Olympics in global print and electronic media and social networks.

When tracking non-branded entities, such as the Zika Virus, GLM uses a slightly modified variation of the BAI called the Entity Tracking Index (EAI).

Read the Story Here
Read the Story Here

 

The graphic below shows the increasing Zika Virus’ Entity Tracking Index (EAI) numbers over the last six weeks.


Zika EAI Rio Olympics

 

Below is a different view of  the  Zika Virus’ Entity Tracking Index (EAI) numbers over the last six weeks.

 

Zika Rio Olympics Bar Charts

 

“Of particular interest is the wide variation found in the EAIs between Major Sponsors.

“When tracking brand equity, the early numbers provide strong indicators of actual performance during the Games, providing a snapshop of the intense battle already being waged between the Official Olympic Sponsors and the Non-affiliated Marketers, also called Ambush Marketers or Ambushers,” said Paul JJ Payack, President and Chief world Analyst of the Global Language Monitor.

“With the EAI, we are masking the sponsors’ numbers at this point, though these are available immediately by subscription to our service by the sponsor.”

Request the EAI analysis for your organization now:   info@LanguageMonitor.com or call +1.512.815.8836 .

The customized report is available with individual details for your sponsorship;  the report will be delivered to you within 24 hours of receipt of your order.

 

Zika Virus Impacts Individual Sponsors to Various Degrees Zika Virus Impacts Individual Sponsors to Various Degrees
Zika Virus Impacts Individual Sponsors to Various Degrees

 

For the Rio Summer Games 2016 there are eleven Official Top Sponsors:

Coca-cola, Bridgestone, McDonald’s, P&G, GE, Omega, Samsung, Panasonic, Dow, Visa Card, and Atos Origin.  Currently GLM is tracking some eleven  Non-affiliated Marketers competing against the Top Sponsors, including:  IBM Global Services, Siemens AG, Pepsi, Nike, DuPont, Starbucks, Red Bull, Rolex, Philips, Unilever, and Subway, among others.

The International Olympic Committee (IOC) has strict regulations in place to protect its official international partners and prevent ambushing official Olympic partners and sponsors, such as Rule 40 of the Olympic Charter which prohibits athletes working with non-affiliated marketers during the Games, though there are reports that the rule is being modified for RIO.

Methodology.  Austin-Texas-based Global Language Monitor analyzes and catalogues the latest trends in word usage and word choices and their impact on the various aspects of culture, with a particular emphasis upon Global English. This exclusive ranking is based upon GLM’s Narrative Tracking technology. NarrativeTracker analyzes the Internet, blogosphere, the top 350,000 print and electronic news media, as well as new social media sources (such as Twitter) as they emerge. The words, phrases and concepts are tracked in relation to their frequency, contextual usage and appearance in global media outlets.

For more information call +1.512.815.8836 or email: Info@LanguageMonitor.com

 

The ThoughtTopper Institute: About

The articles included in this ThoughtTopper Institute series, were first drafted  by Paul JJ Payack during the initial days of the so-called Great Recession.  Subsequently the originals were expanded with Edward ML Peters, Ph.D and published in The Hill and other publications.

Paul JJ Payack

 The premise of the original articles was that economists and politicians had missed the essence of the profound worldwide    economic transformation that had been underway for some time and the economic restructuring would continue into the  future, if constrained by this profoundly limited vision.

In fact, the facts have borne out our original assumptions.  The Global Economic Restructuring has continued unabated.  China continues to rise, the US and the West continue to struggle.

 

 

The Lost Decade of Japan has indeed been replicated, as we  had feared.  The recovery did not mirror previous recoveries in the US.  And the traditional manufacturing sector continues to  erode.

 

Edward ML Peters, Ph.D

 Paul JJ Payack is president of Austin-based Global Language Monitor.

Edward ML Peters, Ph.D. is the the managing  director  of Austin-based ThoughtTopper Institute.

Their most recent book is “The Paid-for Option”, which describes how healthcare reform can actually pay for itself through  the application of process intelligence and its attendant gains in productivity.

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ThoughtTopper Institute: Settled Science

 

Phrase of the Day:  Settled Science

As thoughtful readers have learned since the launch of the Global Language Monitor in the fall of 2003, all objectivity in media is suspect, and for good reason.  The non-bias claimed on all sides of the political equation is itself, biased, since all media have come to see their particular viewpoint as objective and true, right and just, supported by the facts, scientific or otherwise, and agreed to by all learned people (who happen to agree to their particular beliefs).The fact that their audiences steadfastly agree with their positions, only serves to re-enforce their particular biases. “We all think so, so it must be true!”  (… and it is logically consistent, is a frequent addition.)

One of the most dangerous of these biases is the concept of ‘settled science’.
Science, by definition, can never be settled.

The Scientific Method has been adhered to since the Enlightenment.   It is composed of five or six steps

  1. Observation
  2. Hypothesis
  3. Experiment
  4. Record and analyze data
  5. Compare the results to the hypothesis.
  6. If necessary, either modify the hypothesis or the experiment

There is always more complete data to be found and always room for another test of the hypothesis, to ensure completeness.  

Another time-honored tradition, is the custom of employing Occam’s Razor in the decision-making process.   Occam’s Razor is stated in Latin as:  Entia non sunt multiplicanda praeter necessitatem” (‘Do not multiply things without necessity).  The principle is essential for model building because for a given set of data, there is always an infinite number of models explaining the data.

In other words if you have two choices 1) a snowball moves because invisible, alien drones take it and deliver it to its target, or 2) angular momentum — you must choose No. 2 because that is the simplest.

If there is any fact in science that cannot be debated, it’s Einstein’s Theory of Relativity.  Yet nonetheless, every year there are numerous well-publicized challenges to differing aspects of the Theory. How can this be if the Theory of Relativity is ‘settled’?

The answered is because this is part of the scientific method!

Lest this be seen as an argument against human-enhanced Global Warming, please allow me to point out that this is not the case.  We consider Global Warming as close to settled science you can get but not for the reasons you might think.

Settled Science is not a new term, in fact, its use stretches back some 150 years, although the settled science that it described  would seem a Hall of Infamy in the early 21st century.

Settled Science in late 1800s:

  • The division of Humankind into ‘races’ differentiated by alleged Intellectual Potential (or limitations), Color of Skin, Shape of the head, and Geographic Location.
  • Segregation of women and girls from higher education.  Alleged reasons:  women’s brains could not deal with rigorous thinking — and men would become physically and psychologically unhinged in their presence.  
  • Excluding women from voting for much the same issues.

Settled Science in early 1900s:

  • Space flight is not possible because there is nothing in space for an engine to push against.
  • Since space cannot be empty, there needs to be a substance and name it ether.
  • The Universe cannot be infinite, so we live in an  ‘island universe’ that we call the Milky Way.  

Settled Science later in the 20th century

  • There are so many safeguards built into nuclear power plants that the odds of an accident are 50,000,000,000 to 1.
  • A ‘population bomb’ would wipe out millions or billion of humans before the end of the century.
  • An impending Ice Age would settle upon Northern climes before the end of the century with great death and destruction in its wake.
  • Being gay or lesbian was classified as abnormal and a psychiatric condition by the experts in the field.

Settled Science early in the 21th century

  • That nothing can exceed the speed of light was a given until it was recently ‘proven’ that the Inflationary Stage of the first moments of the Big Bang expanded thousands or millions of light-years in less than a millionth of a second.

With Occam’s Razor in mind we must come to the conclusion that ‘settled science’ is a term that often contradicts the Scientific Method, itself and,therefore, must be used with great caution.

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The ThoughtTopper Institute: Obama the Intellectual

What Nicholas Kristof said about Global Language Monitor in his analysis of Obama the Intellectual.

 
Kristof 1

Kristof 2
Kristof 3

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The ThoughtTopper Institute: The Global Economic Restructuring

What we are experiencing is not a recession, neither great nor small, but rather a global transference of wealth, power and prestige on an unprecedented level, carried out, in von Clausewitz’s words ‘by other means’.”

 This post first appeared on The Hill

November 3, 2010.  It is about time that we admit that what we are experiencing is not a recession, neither great nor small, but rather a global transference of wealth, power and prestige on an unprecedented level, carried out, in von Clausewitz’s words “by other means”.

Originally alluded to as a “Financial Tsunami” or “Financial Meltdown,” the major global media seem to have gained a consensus on “The Great Recession”. In the beginning, most comparisons were being made to the Great Economic Depression of the 1930s, more familiarly known, simply, as “The Depression” in the same way that many still refer to World War II as “The War”. But even these comparisons frequently ended up referring to the recession of 1982, yet another so-called “Great Recession”.

Our recent analysis has shown that while the major print and electronic media have settled upon “Great Recession”, the rest of the Internet, blogosphere and social media world have largely eschewed the term. We believe the difficulty here stems from the fact that this economic crisis is difficult to express in words because it does not resemble any economic crisis in recent memory — but rather a crisis of another sort.

“On War” is one of the most influential books on military strategy of all time. Written by Prussian military theorist Carl von Clausewitz (1780 – 1831), it recorded one of his most respected tenets, “War is not merely a political act, but also a real political instrument, a continuation of political commerce, a carrying out of the same by other means,” which is frequently abbreviated to “War is diplomacy carried out by other means’.

We believe that the reason the “Great Recession” label does not now fit is because what we are experiencing is not a recession, neither great nor small, but rather a global transference of wealth, power and prestige on an unprecedented level, carried out “by other means”.

This fact has entrapped two U.S. presidents, from radically diverging political viewpoints, in the same dilemma: describing an economic phenomenon, that doesn’t play by the old rules. Hence, the difficulty experienced by President Bush as he struggled to describe how the U.S. economy was not in a recession since the GDP had not declined for two consecutive quarters, the traditional definition of a recession, even though jobs were being shed by the millions and the global banking system teetered on the brink of collapse. Now we have President Obama, attempting to describe how the U.S. economy has emerged out of a recession, though the collateral damage in terms of the evaporation of wealth, mortgages, and jobs remains apparently undaunted and unabated.

The regional or global transfer of wealth, power and influence, the destruction of entire industries and the so-called collateral (or human) damage are all hallmarks of what is now being experienced in the West.

If one carefully disassembles the events of the last decade or two, you can see them as the almost inevitable conclusion of a nameless war that began with the collapse of the Soviet Union, the embrace of a form of the free-market system by China, India and the other rising states, an almost unprecedented transfer of wealth from the Western Economies to the Middle East (energy) and South and East Asia (manufactured goods and services), and the substantial transfer of political power and influence that  inevitably follows.

It currently appears that the Western Powers most affected by these transfers cannot adequately explain, or even understand, their present circumstances in a way that makes sense to the citizenry, let alone actually reverse (or even impede) the course of history. In fact, the larger events are playing out while the affected societies seemingly default to the hope that they ultimately can exert some sort of control over a reality that appears to be both out of their grasp and control.

The good news here is that the transfers of wealth, power and influence has proven relatively bloodless but nonetheless destructive for the hundreds of millions of those on the front lines of the economic dislocations.

And it is in this context that the perceived resentment of the Islamic and Arab states should be more clearly viewed. This is especially so as they, too, watch helplessly as the new global reality and re-alignments unfold.

In conclusion, it can be argued that the reason the “Great Recession” label doesn’t seem to fit now is because what we are experiencing is not a recession, neither great nor small, but rather an on-going transformational event involving the global transfer of wealth, power and influence on an unprecedented level, carried out “by other means”.

Paul JJ Payack is president of Austin-based Global Language Monitor. Edward ML Peters is CEO of Dallas-based OpenConnect Systems. Their most recent book is “The Paid-for Option”, which describes how healthcare reform can actually pay for itself through the application of process intelligence and its attendant gains in productivity.

 

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ThoughtTopper Institute: Re-naming the Great Recession

A Retrospective on the Great Recession that Began Ten Years Ago This Month

 

AUSTIN, Texas,  August 9, 2011.  Words have power. Names have power.   Three years ago we spoke to Newsweek about what should the then-current/still-current economic crisis be named. The ‘Great Recession’ was favored by the New York Times and eventually ‘certified’ by the AP Style Guide.  The Global Language Monitor’s position was that the economic crisis of 2008 did not resemble a recession, as we had come to define recessions, and the resemblance to the Worldwide Economic Depression of the 1930s was tentative, at best.

GLM’s position was that we were experiencing was not a recession, neither great nor small, but something of a wholly differing sort:  a Global Economic Restructuring.

Words have power. Names have power. In fact words and names can shape the contours of a debate. And, we might add, words and names carry the inherent capacity to lead us astray. Casting the current reality in the terms of those crises we’ve already experienced, provides the comfort (and illusion) that things are well in control.

It is about time that we admit that what we are experiencing is not a recession, neither great nor small, but rather a global transference of wealth, power and prestige on an unprecedented level, carried out, in von Clausewitz’s words “by other means”.

Globe Naming the Great Recession

Originally alluded to as a “Financial Tsunami” or “Financial Meltdown,” the major global media seem to have gained a consensus on “The Great Recession”. In the beginning, most comparisons were being made to the Great Economic Depression of the 1930s, more familiarly known, simply, as “The Depression” in the same way that many still refer to World War II as “The War”. But even these comparisons frequently ended up referring to the recession of 1982, yet another so-called “Great Recession”.

Our recent analysis has shown that while the major print and electronic media have settled upon “Great Recession”, the rest of the Internet, blogosphere and social media world have largely eschewed the term. We believe the difficulty here stems from the fact that this economic crisis is difficult to express in words because it does not resemble any economic crisis in recent memory — but rather a crisis of another sort.

“On War” is one of the most influential books on military strategy of all time. Written by Prussian military theorist Carl von Clausewitz (1780 – 1831), it recorded one of his most respected tenets, “War is not merely a political act, but also a real political instrument, a continuation of political commerce, a carrying out of the same by other means,” which is frequently abbreviated to “War is diplomacy carried out by other means’.

We believe that the reason the “Great Recession” label does not now fit, as has now become obvious, because what we are experiencing is not a recession, neither great nor small, but rather a global transference of wealth, power and prestige on an unprecedented level, carried out “by other means”.

This fact has entrapped two U.S. presidents, from radically diverging political viewpoints, in the same dilemma: describing an economic phenomenon, that doesn’t play by the old rules. Hence, the difficulty experienced by President Bush as he struggled to describe how the U.S. economy was not in a recession since the GDP had not declined for two consecutive quarters, the traditional definition of a recession, even though jobs were being shed by the millions and the global banking system teetered on the brink of collapse. Now we have President Obama, attempting to describe how the U.S. economy has emerged out of a recession, though the collateral damage in terms of the evaporation of wealth, mortgages, and jobs remains apparently undaunted and unabated.

And the world, from China to Germany, stands aghast as we continue to argue, in spite of all available evidence that debt is a good thing. “We all say so, so it must be true!” seems to be the all-too-familiar refrain from Washington.

The regional or global transfer of wealth, power and influence, the destruction of entire industries and the so-called collateral (or human) damage are all hallmarks of what is now being experienced in the West.

If one carefully disassembles the events of the last decade or two, you can see them as the almost inevitable conclusion of a nameless war that began with the collapse of the Soviet Union, the embrace of a form of the free-market system by China, India and the other rising states, an almost unprecedented transfer of wealth from the Western Economies to the Middle East (energy) and South and East Asia (manufactured goods and services), and the substantial transfer of political power and influence that inevitably follows.

It currently appears that the Western Powers most affected by these transfers cannot adequately explain, or even understand, their present circumstances in a way that makes sense to the citizenry, let alone actually reverse (or even impede) the course of history. In fact, the larger events are playing out while the affected societies seemingly default to the hope that they ultimately can exert some sort of control over a reality that appears to be both out of their grasp and control.

The good news here is that the transfers of wealth, power and influence has proven relatively bloodless but nonetheless destructive for the hundreds of millions of those on the front lines of the economic dislocations.

And it is in this context that the perceived resentment of the Islamic and Arab states should be more clearly viewed. This is especially so as they, too, watch helplessly as the new global reality and re-alignments unfold.

In conclusion, it can be argued that the reason the “Great Recession” label doesn’t seem to fit now is because what we are experiencing is not a recession, neither great nor small, but rather an on-going transformational event involving the global transfer of wealth, power and influence on an unprecedented level, carried out “by other means”.

By Paul JJ Payack and Edward ML Peters.  Paul JJ Payack is president of Austin-based Global Language Monitor. Edward ML Peters is CEO of Dallas-based OpenConnect Systems. Their most recent book is “The Paid-for Option”, which describes how healthcare reform can actually pay for itself through the application of process intelligence and its attendant gains in productivity.

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ThoughtTopper Institute: An American ‘Lost Decade’

“What we are experiencing is not a recession, neither great nor small, but rather a global transference of wealth, power and prestige on an unprecedented level, carried out, in von Clausewitz’s words ‘by other means’.”

November 30, 2010.  Where do we go from here?  We’ve already established that this is not a typical business cycle and this recession falls out of scope of previous recessions. Even the Great Depression was typical in the sense that it set off a worldwide fall in demand and productivity. It is now widely understood that while government intervention did stop the catastrophic collapse of the global economy, this intervention did little to revitalize global economic growth which did not resume until the onset of World War II.

This post first appeared on The Hill, the newspaper for Capitol Hill

Now, fast forward to September 2008 and months following shortly thereafter. There is wide agreement that the direct and dramatic Bush/Obama interventions did, indeed, prevent a global economic collapse. However, for many nations, including the U.S., the revitalization has yet to occur. While the stimulus spending saved many jobs in the public sector, few jobs were created in the private or wealth-creating sector. In retrospect it now appears that the stimulus was the equivalent to eating empty calories when hungry; a temporary rise in blood sugar without sustained nutrition.

This lack of wealth-building focus has led to a weak economic performance of 2.4 percent projected growth in GDP, hardly what one expects after such spending. (This growth rate has already been revised downward to 1.6 percent in the last quarter.) If this scenario does play out as expected, the eight million lost jobs will be replaced with new ones — by the 2020 time frame. By way of comparison, the “Reagan Recovery” created over 11,000,000 new jobs with four years.

While President Obama’s economic policies and overall execution of leadership is the current focus of many commentators, it remains a fact that this situation didn’t sneak up on us. The United States manufacturing sector has declined as a percentage of non-farm employment from about 30 percent in 1950 to just 9.27 percent in 2010, according to the October estimate of the Bureau of Labor Statistics. Also, an underlying statistic is that the U.S. has been losing not just manufacturing jobs, but entire factories, over 40,000 of them since 2000. The ramifications here go far beyond the manufacturing sector itself. Indeed, by some estimates, there is a 15-1 multiplier between other jobs (including manufacturing and service) and each manufacturing position. Therefore, this unprecedented loss of an industrial base and its concomitant plethora of supporting positions leave a greatly reduced platform upon which to launch a successful and timely recovery.

And so the question remains: Where do we go from here?

First, take a deep breath, look in the mirror and repeat; the world is different from what it was in 1982 and wishing and acting like it was the same will not bring those lost manufacturing jobs back. No matter what we do, trying to recapture global leadership in industries where the average U.S. salary (excluding benefits) is over $20/hr where the similar cost in China or Mexico is between $2-$6/hr is a losing proposition. This is not to say that the U.S. should not continue to innovate and look to manufacture world-class products, only that we will have to pick our battles in places where we have a strategic competence and a willingness to compete. Specifically, management must be willing to continually analyze each process for best in class behaviors and continually work to improve in order to maintain a leadership position.

Second, focus strategic investment in industries where the U.S. has a substantial lead or could develop one in future. Good examples here are in the area of information technology, where private investment continues to create new enterprises and wealth and “green technology” whose future is yet to unfold. We need to remind ourselves of the effectiveness of the U.S. Space Program, not only in accomplishing its primary mission, but creating entire industries and market that are still returning value to this day.

Third, fully accept that the old manufacturing jobs will not be repatriated and implement a program that will both create true value for the economy while putting people back to work. In past recessions, workers were typically called back to their jobs as the economy improved. This time however, with the loss of so many factories, the jobs platform is significantly smaller and is unable to support the type of recovery we have seen in the past. Now, we must both create jobs in new markets and industries as well as find employment for those whose skill base will not readily transfer to the new jobs platform(s).

A good example of this is the proposal by the Center for American Progress that outlines a plan to develop an energy efficiency industry to retrofit approximately 40 percent of the country’s buildings (approximately 50 million structures) within the next decade. This would require more than $500 billion in public and private investment and create over 600,000 “sustainable” jobs. Under the plan, energy use in those buildings would be reduced up to 40 percent and generate between $32 billion and $64 billion in annual consumer savings. Those savings would be used to re-pay the construction loans that would support the program.

This type of program would both create private sector jobs and help re-build U.S. infrastructure for the next five decades, all the while creating a buffer between the current economic environment and the one that will emerge.

One word of caution: we need a dozen or more initiatives of this kind to even come close to replacing the 8,000,000 lost jobs.

Paul JJ Payack is president of Austin-based Global Language Monitor. Edward ML Peters is CEO of Dallas-based OpenConnect Systems. Their most recent book is “The Paid-for Option”, which describes how healthcare reform can actually pay for itself through the application of process intelligence and its attendant gains in productivity.

 

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