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David,

There are a number of problems with your comment. First, from about late 2004 thru 2006, the economy hit what most economist would call full employment law advice, roughly 4.5% unemployment, with few underemployed or discouraged workers. It also hit full employment in the late ’90s and again in the late ’80s. Recessions followed all three boom periods as asset bubbles burst, real estate bubbles in the late ’80s and mid ’00s, and the dotcom bubble of the late ’90s. These bubble were createds with extended periods of easy money by the FED which looked at inflation as the signal to end the easy money policy. The more I think about this the more I am convenced that the FED needs to add overvaluation of assets to it triggers to ease back on easy money policy.

Second, if you are taking Krugman seriously, its time to visit you mental health professional.

My wife is a teacher in Florida. If you want higher qualified candidates, you might want to make the field more attractive. Teachers receive low pay compared to other people with degrees and they work long hours. In Florida, elementary teachers are required to work all day without leaving their classes. They can’t go to the bathroom without calling someone to watch their class – often this means not going to the bathroom all day because no one else is available. This also means they don’t get any kind of break up advice. Is there any other profession where you can’t take a morning and afternoon break? They are also frequently required to work without being compensated. Of course, if a private company tried to do these things to workers, the government would shut that company down. Why doesn’t the government of Florida hold its self to those same standards?

I have strongly encouraged my wife to leave teaching. If you bother to ask, I think you will find the majority of teachers’ spouses agree with my position. I’m sick of seeing my wife mistreated, under-paid, and over-worked.

American business has had the political power beginning with the Reagan years to influence government policy in such a way as to continually lower labor costs–shipping jobs overseas and making sure that labor laws regarding illegal workers remained unenforced and bringing more and more workers to the U.S. with a variety of worker and student visas.

Now we have reached a point where we are flooded with workers and fewer and fewer jobs.

For many years, those who have profited by creating these conditions actually directly benefited from the creation of the government supports that supplemented workers income (or lack of it) created by these policies. Thus the welfare state has been a direct subsidy to capitalists as more and more Americans have accepted working for wages that are below subsistence.

Now as the system is collapsing, the beneficiaries of these policies want to take their money and run and let the American people, many of whom have not developed skills, not experienced meaningful employment law advice, lapsed into depression and various addictions and obesity that come with lack of employment, fend for themselves.

I agree that a new model must be found. The American people do not want socialism–I believe that is the meaning of last years elections–but we do not want Nazism either, and that’s probably what’s going to drive next year’s elections as many of us run from one side to the other looking for something resembling a statesman.

Sir,

What a refreshing counter-point to an obviously highly biased article!

I wonder if your sentiments however are largely centered on American women? In my experience, they generally represent a very poor pool of mating material, not so much relationship advice for women genetic reasons as cultural and educational ones. American women tend to be rather under-educated and culturally shallow and unsophisticated (not that American men are all stand outs in those departments either).

In my experience, European women, especially Eastern European women, are smart, educated, loyal and hard working. They tend to outperform American women in most categories… So can Asians and Latins.

American women may have a fundamental cultural disability, although I’m sure there are readers out there wondering why they ever bought that foreign mail-order bride!

Interestingly, if you ask European women about the stock of their indigenous males, they tend to have negative views about them, and conversely, tend to worship American males.

Regards.

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Hi. I’m actually squarely in this situation – did my bachelor’s in film and television production, but wanted to gain a solid core in finance skills i.e valuations, accounting, econ, etc. Considering that I don’t want to do a second bachelor’s, and an MBA is two full years before I can tout the degree – can you see ANYTHING I can do to gain an edge and an entry level position in a firm? I’m looking to eventually be in private eq. or mergers & acquisitions (dealing with actual companies as opposed to pushing paper). I was thinking of a degree course at DeVry, or other certification programs or an MS. Maybe even getting the level 1 of the CFA cleared…

Any advice goddess would be appreciated..thanks!

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