White-collar jobs may not be back soon

Dallas Morning News via Boston Globe ^ | August 3, 2003 | Angela Shah

[sarcasm]

But those very same forces are now serving to prolong workers' misery. More college-educated executives and managers have been cut from payrolls this last recession, compared with previous ones. And it's taking them longer to find new work.

More worrisome to them, however, is that the jobs may never come back.

[hedgetrimmer]

Oh, and if "individuals can creat their own value" why did Senator Diane Feinstein help create OPIC? So that she as an invidual can create her own value, or because having the government defend her property rights in a foreign country (by taxpayer paid calamity insurance) makes her risky and unwise investment in communist China a sure bet?

[harpseal]

You want the Admin moderator to review so be it. Unlike DU where you ususually hang out this board reviews what was actually posted.

[Natural Law]

Don't blame the evil corporations for this mess. Corporations that have tried to hold the line have gone bankrupt because of price competition from corporations taking advantage of lower cost foreign workers and services. As long as the American consumer is driven by price instead of the "Made in America" label this will continue.

[RaceBannon]

Do you even read these posts??

With what money?

I am BROKE!!

[LS]

I do read them. Do you read mine? The point of these numerous success stories is that all of them were broke too. Yet they made it. They found a way. I know of almost no successful entrepreneurs who had money when they started.

If it will do you any good, I will be glad to pray for you. Tell me specifically what you want.

[LS]

No need. It appears you have backed off your inflammatory comments. Good to see. Terrible when a midget gets in a pissing contest with a giant.

[LS]

American wages are not 1/3 of the world's wages. They are, as you well know, inordinately high, which is why jobs leave the U.S. You can't have it both ways.

[LS]

BTW, if you have ever read anything I've ever written, you wouldn't say the following: "Why don't you call to remove all government regulation on business since it is in conflict with your premise that individuals can creat sic their own value (without the help of government)."

Do your research, before you accuse.

[DugwayDuke]

"That was 94. This is different."

Reminds me of the differnce between a recession and a depression. A recession is when your neighbor loses his job. A depression is when you lose yours.

No, there is no diffence between 94 and today. Only the dates have changed.

[MtnMover]

Diversify You Labor Portfolio and Reduce Your Risk of Loss

Invest some of your part-time, (NOT your money), in a

Virtual Venture Labor Mutual Fund

It is time to strengthen the National New Business Incubator located on the internet with a Tax and Regulation Free Economic Enterprise Zone. The Zone will provide employment opportunities to any positively motivated dislocated worker and invest existing public transfer payments, underutilized public resources, technology, and part-time professional services in new business initiatives. The new businesses operate in the Zone to create new wealth and new jobs here in America. Member corporations and individuals would receive tax benefits for their participation, investments and contributions. A tax free financial market could be established in the Zone to raise investment capital.

Think of Solutions

[DugwayDuke]

"Do you have to be an employee of the company to do this? And, if it's dividend re-investment, don't you have to own the stock in the first place?"

No, these plans are open to the public. Sometimes you do have to own a single share but there are a number of clubs where folks will sell you that share to get you started. Other companies will sell you that first share. Do some research on the web.

"I don't have credit card debt. Isn't all that profit from banks and CC companies on paper? Where are the "real" assets for these companies? Isn't that what caused the debacle of the 1999? No real assets. When paper gets pushed around too much it becomes worthless."

Most profits are on paper. And, no, I do not wish to see the gold standard.

"I don't think it can be stopped. Are we not now encouraged by all to "spend" our way out of trouble? How can we do that when we have nothing to spend?"

Work harder and have more to spend.

[Admin Moderator]

Knock it off.

[Lazamataz]

In the long run, more efficient companies mean more prosperity for Americans, economists say.

How is that, exactly?

'First, US economic activity needs to pick up substantially, said Kellner.''We will manage not only to muddle through but to create jobs to add to our overall well-being,'' said Kellner. ''I have faith in the system. Somehow or another, we'll create jobs that can't be exported overseas.''

And what jobs would those people.

[Lazamataz]

American wages are not 1/3 of the world's wages. They are, as you well know, inordinately high.

That is because the cost of living and the cost of American regulations is inordinately high.

[hedgetrimmer]

Let's see.

Our taxes are high
Our land values are high
Our cost to keep up with govt. regulations is high
Our wages are too high?

Our wages until recently have been relative to the value of our economy. You say our wages are inordinately high? Only with respect to the slave labor countries. If you artificially lower our wages by using a standard set by third world countries and keep everything else high, what happens to the our people?

[Lazamataz]

Race, instead of reading want ads for others, why don't you start your own damn business!

Not everybody is emotionally or mentally prepared to start their own business. Furthermore, starting a business is often capital-intensive. Then there is the statistic that 9 of 10 small businesses fail in the first two years.

[DugwayDuke]

"I don't have credit card debt. Isn't all that profit from banks and CC companies on paper? Where are the "real" assets for these companies? Isn't that what caused the debacle of the 1999? No real assets. When paper gets pushed around too much it becomes worthless."

I'm sorry, I should have spent more time replying earlier. It's a good thing you have no credit card debt. When I lost my job in '94, that was one of the things that saved me.

The "real assets" of most corporations are now their people and their knowledge. When these corporations can no longer effectively employ those assets they let those people go. Very similar to an old time "bricks and mortar" corporation. When they could no longer effectively use a factory, they sold it. It's tough, but no tougher than it was for those who worked in those factories.

The cause of the dotcom crash was overinvestment. Too much money reaching a point where it could no longer be efficiently employed.

"I don't think it can be stopped. Are we not now encouraged by all to "spend" our way out of trouble? How can we do that when we have nothing to spend?"

Spending your way out of a recession is pure Keynesian economics. I'm not in that camp.

[Lazamataz]

Hogwash! I was "dumped" in 1994 at the age of 48. I was unemployed for over seven months. I took a job 2000 miles away at 75 percent the pay. I've been propmoted twice and I'm making fifty percent more now than I was before I was "dumped". BTW, I also moved back to the area where I lived before too.

That was 1994. This is now. You might have a different experience now.

[hedgetrimmer]

Why don't you call to remove all government regulation on business since it is in conflict with your premise that individuals can creat sic their own value (without the help of government)."

This is a question not an accusation. Isn't the idea that the government insures overseas investments for diane feinstein and corporations in conflict with your statement that individual can create their own value without the help of goernment? Or do you think the government should be insuring Diane Feinsteins investments?

[sarcasm]