VIDEO ON MSN MONEY
Our educational system fell behind in the late 1960's and we wasted a lot of valuable resources in fruitless wars, especially Vietnam and Iraq and, probably, Afghanistan. While our military has been skillful at tactics in recent years, it has been sadly lacking in high level leadership, as have our politicians.
In the meantime, Wall Street and other financial manipulators (the biggest banks) and military-industrial profiteers (whose forerunners/mentors did an awful lot of theft during WWII), still steal and thieve with little likelihood of being held to account (except for a few scapegoats here and there).
The unions, who fought so hard during the 1920's through the 1940's to gain some leverage with managements, had later leaders who used their members' hard-fought gains to enrich themselves through crooked schemes and outright theft. They were also co-opted by the ultra-wealthy management-owners who schemed together (and still do) and worked hard, especially since Reagan, to undermine them. The UAW and Teamsters and other large unions partly screwed themselves, unfortunately, and we still have a feudal system in almost all companies--where both the workers and the investors have little or no say in how their companies are run.
It is encouraging that some companies will be coming back to the USA, but unless there are major changes, from Congress to companies, and a realization that the ultra-wealthy are screwing all of us over, expect things to only continue or get worse. The greed is way beyond what it was in the 1980's when Gordon Gecko--in the movie-- famously said 'Greed is good'. There is also far too much money in the intelligence/surveillance business, as Edward Snowden and other whisteblowers have illuminated for us. The unparalled disparity in wealth and, thus, power here is undermining our society. Eventually, even the ultra-wealthy, ultra-conservatives will pay a price beyond a little extra taxation, as history has shown. Bill Gross at Pimco, and Warren Buffett, are telling the truth. For all our sakes, I hope you all out there are listening.
I'd suggest it's more a matter of core VALUES not skills. I've been a full time skilled factory worker for 27 years. I spend much of my free time and my own money improving my own education. This has helped me move up quickly and helped me earn the respect of my employer & coworkers.
But as for the young workers just entering the work force, none of them seem to value their educations. They spend their break time on Facebook (or Gossipbook as I call it), and after work they rush home to their Play Station or Xbox. They have no interest in improving their educations ... to quote Ozzy Osbourne they're on the "Road to Nowhere".
Where I live in Maine we had shoe shops (factories), paper mills, and fabric production. These places are no longer here at all except for a couple paper mills. Other manufacturers have left the Northeast and built overseas factories as well.
If this article assumes workers would rather work in retail, more lies. In fact this article is full of lies so I'm going to discount the writers facts and called it bogus.
Very good article, the States and local manufacturers need to get together and train people to fill these skilled and semi-skilled jobs. I am not going to talk about the pitiful wages, that's for another day.
My friends have just been over from Ireland and that country has just been through a very rough patch. But they had the foresight to continue training people in the high tech field. They are now poised to reap the benifits. Here in my home state of Michigan they concentrated on training Pharmacy Techs, 99% never got a job as a Pharmacy Tech, because the Pharmacies will not employ you without a years experience. Because the Auto-Industry is now flying high the smaller Manufacturers need trained operators, pity the trained unemployed Pharmacy Techs cannot do it.
That's a laugh. I was rebuilding locomotive engines..but that job went to MEXICO..then I got hired to inspect electronics for Tyco..but THAT job went to China.
There was once 13,000 machinest at the GM plant in La Grange, IL. When I attended school in 2004,
there were 600 left! 600!? OK..glad to hear our manufacturing jobs are secure.
Remeber H. Ross Perot..and his "giant sucking sound"...of jobs leaving the US. Guess he was right.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] The S&P 500 has inched up from its worst level of the session, but that could be overlooked considering the index remains lower by 28 points.
Today's retreat has sent the benchmark average below its 50-day moving average (1953) for the first time in a while. Specifically, the index tested, but never closed below the 50-day average on six occasions during a three-week stretch between late April and early May. Prior to that span, the S&P 500 dove below the 50-day ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'