[Dialup Llama]

Wholesale and retail trade, waitresses and bartenders account for 46% of the new jobs.

This has been the profile of US employment growth for a number of years, along with some construction jobs filled by legal and illegal immigrants. It is the job profile of a third world economy.

From January 2001 to January 2006 the US economy lost 2.9 million manufacturing jobs. The promised replacement jobs—"new economy" high-tech knowledge jobs—have failed to materialize.

High-tech knowledge jobs are also being outsourced abroad. According to the Bureau of Labor Statistics, US employment of engineers and architects declined by 189,940 between November 2000 and November 2004 (latest data available).

[georgia2006]

""It is the job profile of a third world economy.""

He makes this claim yet contradicts himself when he says all the manufacturing jobs are going to third world countries...well which is it?? Do third world countries only produce low wage service jobs or are third world countries taking all the manufacturing jobs..you cant have it both ways

[DoughtyOne]

Just this morning I was saying that I failed to understand why the President thought todays kids would pursue engineering degrees when they'll have to compete with Chinese and Indian wage scales. These figures make it pretty clear that isn't going to happen. Just what will it take to indicate to some people that we have a problem, when we've lost 75 to 80% of our engineering positions?

[eddie willers]

High-tech knowledge jobs are also being outsourced abroad.

And the price of high-tech products has tumbled.

Pick your poison.

[arasina]

This has been the profile of US employment growth for a number of years, along with some construction jobs filled by legal and illegal immigrants. It is the job profile of a third world economy.

"The standard [of living] of the average American has to decline."

- Paul Volcker -
Former Federal Reserve Chairman, Trilateral Commission Member, Former Director of UNA-USA before being appointed by Kofi Annan to research the Iraqi 'Oil for Food' Program.