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View Diary: Obama can ease unemployment IMMEDIATELY (189 comments)

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  •  White collar jobs matter too, because (2+ / 0-)
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    Norbrook, IT Professional

    white collar jobs are where the innovation comes from to create the blue collar jobs.

    When you outsource all the intelligence, you are left with a generation of business majors who are now getting laid off from Wall Street and banks in droves, and who have no other skills.  They could have been hard sciences majors.  They could have been computer science majors.  They could have been engineering majors.  But all that potential innovation was lost because for two decades, FINANCE has been the main U.S. industry and so that's where colleges funneled the kids.

    Often when my husband's company goes to fill IT positions, foreign workers on Visas are the only ones to apply.  That has become more and more pronounced over the last 2-3 years.  I think it's because a lot of the American ones were starved out of IT by cheaper labor in the late 90s and early 2000s, so there's no depth to the American IT worker pool anymore.

    We'll adjust.  All these people losing their finance jobs will have to find jobs, and some of them will choose to retrain.  Hopefully into science and engineering fields so we can go back to leading the world in innovation instead of merely consumption.

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