THE COMING JOB BOOM: "The long-term tragedy is that offshoring can't snatch ENOUGH skilled US jobs."

Business 2.0 | September 2003 | Paul Kaihla

[the gillman@blacklagoon.com]

I'm working toward minimalism.

Fact is I disagree with every conclusion in the article.
I don't think there will be a shortage at all, except maybe in nursing home attendents.

Too much disagreement for me to type.

Maybe I should hire a typist. Could get one for next to nothing. Plenty of good tech writers and doc people on the market.

[MissAmericanPie]

I've heard all their statistics before, so I'll have to stay in the catagory of "Sentinent adults" who have seen what happened to the nursing profession, construction, now programming jobs.

Each "shortage" is followed by people entering the profession, the wage and benefits go up, then foreigners are shipped in to bust the profession back down to nothing as far as pay and benefits go.

So, no, there will be no job boom that is worth it's salt or lasts.

[helper]

No, the employer was smarter than that, otherwise they would have a lawyer on their door step. Downsized it to a two day partime job, offered it to the existing employee. Of course knowing that they wouldn't drive the distance for such a small P/C. Brought in the kid, then slowly increased it over 90 days to fulltime.

[Luke Skyfreeper]

I hope you're right. Sitting here with a JD and nowhere to go has not been good for my sanity.

Believe me, I can relate.

[Luke Skyfreeper]

I'm outsourcing your Freep messages to India until further notice.

NOOOOOOooooooooooo........

[lawgirl]

You're in Missouri? I just moved to Wisconsin from STL last month. My husband lost his job and managed to find a good one up here through an old business contact. There was NOTHING in STL!

[GrandMoM]

This happened about 15 years ago, at IBM & ROME of all company's. They brought in new college grads, gave them manager positions over some who had worked 20 to 30 years and were waiting for those positions. They were told to help them out, but most refused and retired early.

[RnMomof7]

I have an EE son also . I am always worried about him. Their contract is up in November when he is getting married, We are praying for a renewal

[WOSG]

Actually the formula in "The Millionaire Next Door"
for what a high-savings high-asset individual is this:

Age * income / 10

Above this, and you are saving/investing/building wealth better than most. .. A 25-year old making $25,000 a year could be able to have $60,000 in total assets according to this formula. By age 50 and making $100,000 -> $500,000.

You can acheive that if you save about 10% of your income and invest at a rate that builds reasonably (eg 7% return/yr).

[Ciexyz]

The baby boomers cannot afford to retire.

Say what?! I'm retired! (as of Oct. 31st of last year.) I can live on it, but why should I have to? Now's the time to go back into the work force to pick up some extra cash to add to my nest egg. Never know when you might need it.

I see with the increased number of Hispanics in the US, that bilingual employees earn more than those possessing only one language. For instance, my local bank is paying $1/hr extra for fluency in Spanish. So there's one positive change in the job market for those of us who studied español in school.

[Ciexyz]

Just around the corner
There's a rainbow in the sky....

So just keep smilin' honey,
We'll get there 'fore we die!