In response to:

The Plight of the MBA Generation

faultroy Wrote: Oct 07, 2012 1:39 PM
There are actually a lot of different "engineers"---software engineers, etc. The point is that a lot of the older guys are being left on the sidelines because of outsourcing and demands for premium wages--I know quite a number of them. China and India are major sources of technology and both have put major money into increasing the size of their technological employees--far in excess of USA efforts. These are all competent and eager employees, but when another country can give the same for about 1/2 the cost, you go with the best price.

During the first-ever Federal Reserve press conference, Fed chair Ben Bernanke said the number of jobs in America was still 7 million behind the number of people employed when the recession began. When asked whether the Fed could do anything about long-term unemployment, Bernanke said the central bank has been fighting it with an aggressive monetary policy. But he admitted his crew operating out of the Eccles Building doesn't have any tools to make the long-term unemployed employable again.

Orginally published Monday, May 02, 2011

A day later the news came that first-time unemployment claims rose to 429,000 — up from...