Greenspan: "do a better job of educating American workers"

[Bush_Eats_Beef]

http://money.cnn.com/2004/02/20/news/economy/fed_greenspan/index.htm?cnn=yes

"Greenspan noted that, in recent years, new technology has helped businesses produce more with fewer workers, while globalization has led to an increasing flow of U.S. jobs moving overseas.

This process is good for the broader economy in the long run, he said, helping to raise standards of living, but is causing "inevitable stresses and anxieties" in the short run."

:wtf:

"Broader Economy" = the upper 1%?

"Helping to raise standards of living" = the upper 1% too?

snip

"His solution to the problem, as he told Congress last week, is to do a better job of educating American workers.

"The capacity of workers, after being displaced, to find a new job that will eventually provide nearly comparable pay most often depends on the general knowledge of the worker and the ability of that individual to learn new skills," Greenspan said."

This "on again, off again", "outsourcing good, outsourcing bad", "bread good, fire bad" Frankenstein bullshit that's coming out of the Bush administration is getting old. An apology and / or "clarification" one day followed by the same "outsourcing is good, you need to learn new skills" rhetoric the next.

[bobbieinok]

1. education??????? - so take it seriously, pay for it

...

[Frances]

2. I guess Edwards is right about two Americas

[Bonhomme Richard]

3. He's right, our workers should be taught.........

how to speak indian or chinese. This way they can go someplace that's hiring.

[finecraft]

4. I love this line.....

(snip) "The capacity of workers, after being displaced, to find a new job that will eventually provide nearly comparable pay most often depends on the general knowledge of the worker and the ability of that individual to learn new skills," Greenspan said."

Oh Allen, you are so smart!! I have had three different jobs in the last 15 years. My first job ended when the company downsized...the second job was outsourced. I like my current job, and the raise I just got puts my pay back up to what I was making 15 years ago....even thought the benefits are not nearly as good as the first job I was downsized from!

What an idiot!

[FloridaPat]

6. I have to get a new career every time a republican gets into

the White House. Here I am again - a computer programmer unemployed. Twice in the last year. No unemployment - all gone. I had to change careers when Reagan was in office. These republicans are creeps.

[madrchsod]

5. alan greenspan

lives in an alternate reality where people actually think he is intelligent. i think he`s just insane

[leesa]

7. The workers that are being displaced ARE better educated

This is just another con job by our government. What they mean to say and can't say is that the solution is for US workers to work for the slave wages made in India and no benefits. Only then will they be able to compete. More education is the mythology.
God, I hate our government.

[Ilsa]

8. So, I wonder what he'd tell a radiologist

who has spent his/her next five years' earnings on his/her education what he/she should do to improve his/her education. Hmm? What's next? Welding school? (Not that there's anything wrong with being a welder, but they don't get that in many cases, people have no where to go but down the ladder of success when their jobs are outsourced.)

[Bush_Eats_Beef]

9. Also check out William Poole's comments...

The link for this appears on the same page as the Greenspan article.

"Fed official says outsourcing good
Poole says lost U.S. jobs are hurtful, but ultimately beneficial; he expects more jobs in '04"

http://money.cnn.com/2004/02/20/news/economy/fed_poole.reut/index.htm

Quote: "You have to regard this process in the sweep of U.S. history as desirable because we are all better off. No question, these adjustments are difficult and painfully difficult... But it is not a process we should want to block or stop," said Poole."

Maybe he wet his pants when Carly Fiorina warned of "trade war" retribution for anyone who DARED to "block or stop" the process...

[brokensymmetry]

10. Education, that's the answer!

Maybe if we all got our doctorates we'd be OK?

Oh, that's right...they're getting off-shored too, now, aren't they?

[htuttle]

11. So what industry should we train for, Alan?

In the 80's, we had all the tool and die makers learn to be IT people. That was NOT an easy transistion.

Now what field are all these IT people, and former tool and die makers, supposed to get educated in?

Flipping burgers? 'Food manufacturing'?