Slump hits white-collar and IT jobs notably hard

Miami Herald ^ | August 24, 2003 | GREGG FIELDS

[anniegetyourgun]

Of the two (trade and budget deficits), the latter is the greater concern, though very understandable in times of war. Under restrictions that are severe enough to substantially reduce the deficit (some of those "solutions" can be found in #7 above), both imports and exports would ultimately decline much more than the deficit, disrupting the economy and causing unemployment in the export sector and possibly elsewhere.

In general, the government policies that are most likely to have a large impact on the deficit are not trade policies but budget policy and any other policies that substantially influence saving and investment in the economy. Such are the things the current administration is implementing.

Take heart (if you are able) - the middle class is still there and it's numbers increase and decrease as per usual. Besides, the greater impact on middle class status is not employment, but rather it is family stability factors such as divorce.

[MelBelle]

You don't know what it is like to have a 17 year stellar career, going from $16,000 a year starting to $70,000 a year then have it all taken away from you because your company decided to send your work to a guy named Ramesh in Hyberdad India, oh yeah, after you train him everything you know or learned. We aren't whining, just shocked that we too are on the unemployement line, having excellent career experience AND CAN'T get an interview, not one interview.

[Lion in Winter]

Something wicked this way comes.....

[LibertyAndJusticeForAll]

Except we don't need our thumbs to twitch; a little history, a little research and a little logic should do the trick.

[waterstraat]

"But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade." ~ Karl Marx, On the Question of Free Trade, January 9, 1848 http://www.marxists.org/archive/marx/works/1848/01/09ft.htm#marx

[waterstraat]

You don't know what it is like to have a 17 year stellar career, going from $16,000 a year starting to $70,000 a year then have it all taken away from you because your company decided to send your work to a guy named Ramesh

Lots of people like that. They were good workers too, smart, put in extra time, most of them were good company men who sacrificed to help out the company when the company needed help or something extra. They even bought the companies products, and invested in the companies stock.