Posted on 07/15/2003 8:46:20 AM PDT by Willie Green
Edited on 04/13/2004 2:03:03 AM PDT by Jim Robinson. [history]
SAN JOSE, Calif. -- Peter Kerrigan encouraged friends to move to Silicon Valley throughout the 1980s and '90s, wooing them with tales of lucrative jobs in a burgeoning industry.
But he lost his network engineering job at a major telecommunications company in August 2001 and remains unemployed. Now 43, the veteran programmer is urging his 18-year-old nephew to stay in suburban Chicago and is discouraging him from pursuing degrees in computer science or engineering.
(Excerpt) Read more at pittsburghlive.com ...
Business services-including personnel supply services and computer and data processing services, among other detailed industries-will add 5.1 million jobs. The personnel supply services industry, consisting of employment agencies and temporary staffing services, is projected to be the largest source of numerical employment growth in the economy, adding 1.9 million new jobs. However, employment in computer and data processing services-which provides prepackaged and specialized software, data and computer systems design and management, and computer-related consulting services-is projected to grow by 86 percent between 2000 and 2010, ranking as the fastest growing industry in the economy.
Health services-including home healthcare services, hospitals, and offices of health practitioners-will add 2.8 million new jobs as demand for healthcare increases because of an aging population and longer life expectancies.
Social services-including child daycare and residential care services-will add 1.2 million jobs. As more women enter the labor force, demand for childcare services is expected to grow, leading to the creation of 300,000 jobs. An elderly population seeking alternatives to nursing homes and hospital care will boost employment in residential care services, which is projected to grow 63.5 percent and add 512,000 jobs by 2010.
The youth population, aged 16 to 24, will grow more rapidly than the overall population, a turn-around that began in the mid-1990s. As the baby boomers continue to age, the group aged 55 to 64 will increase by 11 million persons over the 2000-10 period-more than any other group. Those aged 35 to 44 will be the only group to decrease in size, reflecting the birth dearth following the baby boom.
How did Wall Street gain a death-grip-control on US businesses? Many CEO's, I'm sure, would love to focus on making their company survive, long-term.
Too sensible. Better to grandstand about how EE-VIL those foreigners are.
You can't just mandate that corporations not hire foreign labor. They'll laugh at you, because it's incredibly easy to create a foreign subsidiary (either partially or completely independent) that is not beholden to state or federal governments.
And then the call comes to forbid corporations from creating foreign subsidiaries.
For a lot of people, the only tool they can conceive of is a hammer. Which makes every problem look like a nail.
Those folks lucky enough to get those great jobs will be buying new cars, houses and furnishings.... NOT.
We are retired and we can leave the USA anytime we want to and stay gone if we chose ( inherited money, don't ya know)... but you working stiffs will just have to live with her agenda. Have fun.
BYE!
Vox Day said the same thing a few weeks ago.
Are present day CEO's so much better at the work they do now? Or is there some other neat little trick they can pull out of their hat in order to get MORE goodies from the stockholders?
No.
Or is there some other neat little trick they can pull out of their hat in order to get MORE goodies from the stockholders?
Yes
And why does it seem that most corporate-execs support leftist/Dem policies?
Why, because they adore their own kind... the greedy, the liars, the heartless and the third way.
Which you are loudly cheering on...
We are retired and we can leave the USA anytime we want to and stay gone if we chose ( inherited money, don't ya know)...
Under HRC, you will be free to leave, but you'd have to forfeit all that money for the privelege. Somehow, I don't think you have the intestinal fortitude to do that. Folks who brag about their money REALLY don't want to part with it.
but you working stiffs will just have to live with her agenda. Have fun.
You're the Hillary fan, not me.
BYE!
Don't let the door hit ya where the Good Lord split ya.
Which was when Congress, in a fit of class warfare envy, capped CEO salaries at a significantly lower level than the national average at the time. I'm SURE you thought that was a great idea.
The Law of Unintended Consequences is always a hidden amendment to any legislation of this sort.
CEOs started getting paid in stock options because they could NOT be paid actual salary above a certain level. Wise CEOs negotiated clauses that ensured that they could lock in any increases, even if they stock started falling afterward.
It would have been a lot simpler to just not have a CEO salary cap, and keep things on a basic level: "Yo, profits were up 27% last year, so's your salary, have a nice day."
But the Democrats didn't cotton to that.
Yup. And the "stock option" approach to CEO pay encourages business practices that artificially boost the price of the stock--business practices that are frequently not in the long-term interests of the company.
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