On July 11th the Wall Street Journal published an article entitled “U.S. Consumers Trade Down as Economic Angst Grows.” The article described Americans saving money by choosing less expensive brands and models of products. Wholesalers and retailers are cutting back offerings of designer brands for the less expensive “plain Jane” products.The article concentrated on products but had almost nothing to say about services. If Americans just cut back on designer brands job losses should be moderate. If America cuts back on services, unemployment will...
Friday, 18 July 2008
Tuesday, 15 July 2008
America's Job Market Free-for-All
Posted on 11:30 by Unknown
America’s Job Market Free-for-AllAmericans should know more about their jobs. When we open our newspapers these sad Sunday mornings and read stories about Circuit City firings, plant closings and jobs moving to Bangalore, it is understandable that many think about job losses, but that is a mistake. America has job losses, but a bigger problem is the new jobs we are taking rather than the old jobs we are losing.Many know America has fewer manufacturing jobs and more service jobs, but the service industry is frequently described in generic terms...
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