Tag: economy

Employment & College Degrees

Well written & researched article that people with young kids in their lives that they could influence and coach would find handy. Also good for people who are considering career changes.

Gist:
A general guideline these days is that people are rewarded when they can do things that take trained judgment and skill — things, in other words, that can’t be done by computers or lower-wage workers in other countries.

1. The economic rules have been changing since the ’70s.

2. The U.S. produces a large number of workers whose skills aren’t needed.

3. Inequality is even more rampant than you think.

4. Time to consider getting a master’s.

2 cents:
For coaching and career guidance it is ever more important that your college degree be from a very well respected school. This means of course MUCH higher costs which translates into the need of exceptional high school marks and activities and parents/coaches that are fully engaged in finding financial aid (not loans). The fall back position would be loans.
It is imperative to decide what career one is focused on and then determine through research where does the employer of such careers look for candidates. Knowing universities is not enough, it is required to determine which universities are the pools of talent that the employers proactively recruit from and then target getting into those schools. This is information that will take digging but can be identified.

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What’s that smell?

The Federal Reserve significantly reduced its forecast of economic growth through 2013, acknowledging that it had once again overestimated the nation’s recovery from the 2008 financial crisis.

Full story here

2 cents:

Gee, so for the last 3 years you mean we haven’t been in a recovery? Note that the opening sentence states “once again” – this doesn’t mean they are repeating themselves for our benefit/knowing. This is ok – remember when we said blah, blah, blah – well it was really blah, blah, blah but now we know it was even blah, blah, blah. But see what can you do about it? NADA. What is going on is that the lies can’t be covered up much longer. See the plan was to lie, lie, lie and the public would embrace it and believe it and spend, debt, spend, debt and the economy would – wala – revive and none the wiser. BUT the public and actually more importantly – the corporations did not buy it which led to the public behavior of not buying it and the stench from the lie can’t be covered up effectively with Lysol.

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not laughing

the above is in page 38 of The Week magazine, 10/21/11 edition
Dictionary.com:
Recession: Economics. a period of an economic contraction, sometimes limited in scope or duration.
Depression: Economics. a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity.

2 cents:
Now tell me again without laughing that we are out of the recession and depression.

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Depitalism – need to correct our economic infrastructure

This article in today’s USA Today points to what I have been writing about – what I refer to as Depitalism.

Quote from article: “While some progress in consumer debt reduction has been made, the heavy lifting of meaningful deleveraging still lies ahead,” the study says. Until consumers repair their balance sheets, they are unlikely to increase spending or take on new debt even with interest rates close to zero. That could continue to hamper the recovery, because consumer demand makes up more than 70% of the U.S. economy.”

 See – it is just a given that our economy requires the individual to be in debt. For the USA to have what the experts call a “healthy economy” requires citizen indebtedness.  That should not be! Capitalism has become mutated and real systemic change needs to occur in the infrastructure of our economic system in order for it to actually become and remain healthy. Contrary to the talking heads out there, the desire of the private sector to reduce its indebtedness is a GOOD THING.

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Submitted to the Cincinnati Enquirer editorial

Until corporations believe we have effective leadership in government, we will not see job growth. Until we have a Congress and President that provide real obtainable long term plans to right our country’s ailments, we will continue to see poverty increase, high unemployment and households & corporations unwilling to be optimistic about the future. When corporations and households are not optimistic sales are not generated, wealth is not realize and jobs are not created. We NEED effective, innovative, strategic leadership in government.

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Escalation of poverty, not the change we wanted!

“More Americans were living in poverty in
2010 than at any time since at least the 1950s, with the overall poverty
rate climbing to 15.1 — a 6 percent jump in just one year — according
to Census figures released Tuesday.

The Census Bureau’s annual report showed
nearly 1-in-6 people in poverty, reflecting sustained long-term
unemployment and the failure of the U.S. economy to kick into gear
following a crippling recession.

The number of uninsured also edged up to 49.9 million, the highest in over two decades.”

2 cents:

Hey Obama! That is some horrendous CHANGE! Thanks a lot for nothing….

I honestly do believe what is happening has direct correlation to peoples’ (home, business, corp) perception and attitude about and for POTUS. In depitalism land, perception is a powerful mover of the economy and society.

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