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September 21, 2005
New Topic Coming
Having beaten the poor college graduates into the ground, at least for the moment, I'm about to shift to a new topic--overwork.
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Frankly, it wouldn't bother me if you kept beating the "jobless recovery" drum - virtually no one else does, and it
is the real elephant in the room, regardless of one's political affiliation (I vote - just not Dem or Rep). If one
were to believe the nonsense being reported by the mainstream media, one would really believe that people consume as
they did when they were being paid twice as much as they are now; that Generations X and Y are really mass-comsuming
houses that are priced so that mostly only capital/equity-heavy Boomers can afford them (or underwrite them for
their children); and that 40-year-old ex-telecom employees, such as myself, are really going to borrow $100k for
grad school, and go live like an 18-year-old freshman for the next 2-7 years, so that we might gain a skill that
will likely become outsourced in a few years. In an admittedly different context, Ayn Rand once warned us not
confuse "we" with "I" - how dare the Press, fueled by tenured, supply-side oracles, declare that "we" are doing
well, when "I" know that I am not!
Posted by: Buente at September 22, 2005 01:31 PM
I'll certainly come back to the plight of the college-educated...but it's not just measured in dollars.
Posted by: Mike Mandel at September 22, 2005 01:39 PM