[snopercod]

The nation has “not been able to keep up the average skill level in our workforce to match the required increases of increasing technology.”

That's a G-D lie. If anything, American workers are overqualified for what's available these days.

[ninenot]

Correct--as the article points out, most jobs in this country can be done by a graduate of a respectable high-school (not too many of those around, but...)

That's the way it was designed, BTW, by the industrial-economy gurus--Henry Ford's bunch--following the Adam Smith and Ricardo schools of economics and management.

This is truly an interesting period in which to live.

By the way--think of the possibilities. Less earnings, then less earnings vs. inflation. 2) Add a few quarter-points to the home mortgaage rate. 3) See foreclosures grow, Dick, see them grow. 4) Watch Freddie Mac and Fannie Mae collapse, Jane, watch them collapse.

Greenspan's got good reason for a quick retirement, besides his wifie.