UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: bluedevilfan One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75801  
Subject: Re: Crystal Ball (the future?) Date: 4/20/1998 11:12 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
"I suspect that the 25m jobs destroyed were high quality, Reagan-era jobs and the 40m jobs created were those wonderful Clintonite positions like midnight basketball counselors and paid Americore "volunteers" (or whatever that bogus program was called). Although, I do think a significant number of the new positions may indeed have been for lawyers, most of whom are now being retained by the White House."

I suspect that neither Reagan nor Clinton created any of the jobs in our economy. They were created by entrepreneurs and other sorts who were willing to work hard and take on risk to start or expand a business. There is at present a shortage of MBAs and companies are going at it hard to get them right out of college, giving signing bonuses among other things. College graduates are in huge demand in many skilled occupations. I suspect that many of the job losses were in things like textile mills and manufacturing facilities while many of the new ones are in high skilled positions. Some of the displaced manufacturing workers may not have the higher education needed for these new positions forcing them into lower paying service positions. So yes some good jobs were lost and replaced with lower paying ones, but there are great new job openings paying good money out there.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (17) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement