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View Diary: Breaking: BLS, Fed, BEA, et al "Overstate Strength of Economy" (289 comments)

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  •  The REAL economic problem (6+ / 0-)

    Here's the 800 lb gorilla that we as Americans have a hard time facing:

    Due to changes in computerization and globalization, the market for workers without a college degree has collapsed.

    Although the stated unemployment rate is 10%; I believe that the unemployment rate for college educated workers is maybe 5-6%.

    I think a problem we have is that we look too much at aggregate numbers, such as overall unemployment, but not enough at the components of the overall rate.

    We need to drill down to identify where the real problems are, and this emphasis on overall numbers is causing a "can't see the forest for the trees" situation.

    •  ...and just to clarify... (6+ / 0-)

      {Due to changes in computerization and globalization, the market for workers without a college degree has collapsed.}

      Not only are there less jobs; but just as important, there are less good-paying jobs for folks w/o a college degree.

      Basically, the problem of a jobless recovery is becoming a permanent American condition.

      •  Fewer. (2+ / 0-)
        Recommended by:
        Mnemosyne, lightfoot

        Only use "less" with things that aren't countable.

        Fewer cars, less gas.

        But that's not important, right, because everyone else needs a better education. I guess proper grammar and usage isn't going to be a part of that revolution.

        And what you say is really untrue, because there are millions of us out there with multiple degrees and we can't get hired at ANY job, much less a good-paying one. The last three people in my own family and group of friends who got jobs were all high school grads only. One was a dropout with a GED. All are now making more than I do, which isn't hard, because I make ZERO despite having two degrees.

        We cost too much and American companies don't want anyone making over $50K and over age 50 on their payrolls.

        Until you fix both the employer-provided health insurance mess and the age discrimination in this country, we are not going to have a full recovery. Because every year, another cohort reaches 50 and becomes unemployable in this country.

        What are you going to do with all of us old farts who can't even get greeter jobs at Wal-Mart? Just let us starve?

        "The difference between the right word and the almost-right word is like the difference between lightning and the lightning bug." -- Mark Twain

        by Brooke In Seattle on Mon Nov 09, 2009 at 10:48:40 AM PST

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        •  Fewer, less (0+ / 0-)

          Thank you.

          "More than" and "over" get me, too. And don't even let me get started on "farther" and "further."

          If men could get pregnant, abortion would be a sacrament.--A Boston cabbie, to Gloria Steinem, in the 1970s

          by Mnemosyne on Mon Nov 09, 2009 at 06:20:02 PM PST

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    •  I have three college educated children. (7+ / 0-)

      The one with two masters degrees and a doctorate is unemployed--has been for six years.

      How do you tell a predator from a protector? The predator will eat you sooner rather than later.

      by hannah on Mon Nov 09, 2009 at 05:50:42 AM PST

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      •  Me too. (2+ / 0-)
        Recommended by:
        Mnemosyne, lightfoot

        Two degrees and out of work for three years.

        We cannot educate ourselves out of this mess.

        We need JOBS that pay a living wage, not more education.

        Obama is wrong when he says that all we need to fix things in this country is more education. Especially with a testing freak like Arne Duncan in charge of the education policy in this country.

        Plenty of us HAVE educations. Now we need JOBS.

        "The difference between the right word and the almost-right word is like the difference between lightning and the lightning bug." -- Mark Twain

        by Brooke In Seattle on Mon Nov 09, 2009 at 10:40:41 AM PST

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    •  I.e. The devil is in the details? (2+ / 0-)
      Recommended by:
      lightfoot, EarthTone

      "Ridicule may lawfully be employed where reason has no hope of success."

      by QuestionAuthority on Mon Nov 09, 2009 at 10:03:38 AM PST

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