Sunday, June 12, 2011

Job Growth

As we know the economy is sputtering along and job growth has been infinitesimal.

Obama and his jobs panel are attempting to describe ways to create jobs.

The idea revolves around retraining workers for newer tech manufacturing jobs with a community college credential. Sounds fair.

One idea sounds almost preposterous. It has to do with attracting foreign investment here and starting foreign investment manufacturing in the USA. Maybe it can work. With so many unemployed and willing to accept anything pay wise and with unions being gutted, America is now a source of cheap controllable abuse-able labor for foreign investors. The future looks like a page out of slavery.

CS Monitor: Obama looks for new ways to boost struggling job market
New skills by themselves aren't a guarantee of new jobs, but the report projected shortfalls in trained workers in some important industries.


Most forecasters see the current weakness as temporary, and predict that consumers and businesses will be slowly spending more as the year goes on.
CS Monitor: US job market: Four ways to cut the unemployment rate

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