7.9 million jobs lost, many forever
July 3, 2010
CNN Money (Yahoo!) – Chris Isidore
“We’ve entered a era where the United States will see more frequent recessions than anyone is used to,” Achuthan said. One of the big problems is that many of workers who have lost jobs were in industries that are not likely to recover their former strength. “We’ve got the wrong people in the wrong place with the wrong skills,” said John Silvia, chief economist with Wells Fargo Securities.”(more)
Outside the Box – Juliann Talkington
“The US loses 7.9 million jobs and school districts keep underperforming teachers, unnecessary overhead and outdated teaching approaches. If want our children to have good jobs, they must be better educated. Data suggests private schools and some charter schools (where they have not been overcome with regulation that stifles innovation) provide a higher quality education for less money. Since the traditional US public education system is not adequately preparing our children 21 Century jobs, maybe we need to let the private sector take over.”(more)
