Originally posted by: WhipperSnapper
Originally posted by: charrison
It appears the death of US manufactuing is greatly exagerated and that worker are adapting to the change by find better jobs.
I have two advanced degrees. Now where is my better job in the field that requires a combination of both degress? Oh, that's right. There's an oversupply of people with the same combination of 2 (!!!) advanced degrees.
All sorts of people were laid off in my professional field during the recession and entry-level jobs became scarcer than usual. I'm under the impression that lots of MBAs were laid off too. So were a great many computer programmers and information technology people.
Where are these wonderful "better jobs" that you keep talking about? Where? According to some commentators, if you look at the monthly jobs reports data, few of the new jobs are high-value-added college-education-requiring knowledge-based jobs. (With almost no new jobs or a loss of jobs in import-export sensitive areas.) In fact, I've read that seven of the ten areas where the Bureau of Labor Statistics expects the most job growth in the futrue do not require a college degree.
Also, those low-wage service jobs (poverty wage jobs) are horrible for a grown adult and the people doing them would very likely much prefer to earn lower middle class wages working in factories. You're also assuming that manufacturing is necessarily low tech and low-value-added. That is not necessarily true.
Could you provide some stats or links to studies that show that people who lost their job replaced them with jobs that pay as much as the lost jobs? All of the news articles and reports I've read has said that most people who lost the jobs in the past couple of years were unable to find anything that paid close to what they had earned before.