Fareed Zakaria on Restoring the American Dream

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Fareed Zakaria on Restoring the American Dream - 10/21/2010 6:13:39 PM

DarkSteven

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http://www.time.com/time/nation/article/0,8599,2026776,00.html

I'm in agreement with him some. But not a lot.

1. He states that the market is still hot for white collar professionals and managers. I beg to differ - the managerial ranks have been getting thinned for years.

2, He overlooks the fact that the professional slots are nowhere near as numerous as blue collar slots once were. In other words, we will never recover lost jobs.

I'm an engineer. As manufacturing has been offshored, the engineering jobs have gone with it. He seems to think that the white collar jobs will stay here as the blue collar ones are offshored but I don't see that happening.

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RE: Fareed Zakaria on Restoring the American Dream - 10/22/2010 1:54:27 AM

Fellow

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I remember reading almost exactly the same content article some time around 1995. The solutions offered to deal with stagnant income of most and export of jobs were exactly the same: education, RD etc..... Then it was mostly discussed in order to justify outsourcing/offshoring ("free trade" benefits and other myths). Today, the situation is drastically worse. Obviously the solutions do not work. Why it does not work has been explained by former Intel CEO Andy Grove ("Outsourcing production is committing national suicide"). US national suicide effort is currently becoming obvious. Things will get much worse very soon. Can it be stopped? The leadership is happy with plutocracy as long as there is no public uprising.

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