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The Plight of the MBA Generation

Michael1445 Wrote: Oct 07, 2012 8:50 AM

And in spite of the poor employment numbers employers today will still often insist there is a labor shortage. And in their view, the ONLY solution is to bring in foreign workers under H-1B, L-!, J-1, OPT, etc. What baloney! Immigration today is truly mostly about cheap indentured labor. Lower immigration would truly help the entire country except employers and our wealthy elite. When you consider employment, education and health costs, population congestion, language issues, terrorism, disease, etc how can you not feel that way??

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The Plight of the MBA Generation

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...