Categorized | Economy

Downsizing and job retraining for pundits

Posted on 22 February 2012 by Michael Stumo.

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‘Nuff said.

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3 Responses to “Downsizing and job retraining for pundits”

  1. Bruce Bishop says:
    February 22, 2012 at 7:49 pm

    Fifteen years ago, when the manufacturing jobs started going to China, the “experts” said, “Don’t worry, we are going to be a ‘service economy.’ Everyone will just have to get retrained”

    Ten years ago, when the high-paying service jobs started going to India, the “experts” said, “Don’t worry, we are going to be a ‘biotech/nanotech’ economy. Everyone will just have to get retrained.”

    Five years ago, when the biotech/nanotech jobs started going to China and India, the “experts” said, “Don’t worry, we are going to create millions of ‘green jobs.’ Everyone will just have to get retrained.”

    Now that the “green jobs” are going to China, the “experts” are blaming “free trade.” I say, it’s time to get the “experts” retrained.

  2. Sorscher says:
    February 23, 2012 at 4:09 pm

    One of China’s biggest competitive advantage is that we’ve cornered the market in talking heads, while their highest priority is building industrial capacity.

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