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Gingrich, Romney push high-tech job creation as US lead slips
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The Daily Caller | 02.10.2012
U.S. job losses in recent years — especially high-paying technology jobs — are a startling reality that even the Obama administration is having to acknowledge, however reluctantly. U.S. job losses in recent years — especially high-paying technology jobs — are a startling reality that even the Obama administration is having to acknowledge, however reluctantly. As the Florida presidential primary looms just five days away, former House Speaker Newt Gingrich and former Massachusetts Gov. Mitt Romney are both ratcheting up their job-creation rhetoric. |
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Comments
The Federal Reserve Bank of Minneapolis
Submitted by Rich Gardner on Fri, 02/10/2012 - 2:55pmexamined the question of employment loss versus educational attainment. While they found that yes, highly-educated workers are less likely to lose their jobs in a recession, job losses occur across the board. I can't imagine why the Obama Administration considers the loss of good-paying jobs that require a high level of education to be news. It's been obvious since December 2007, when the current Great Recession began (Paul Krugman has called it a depression, not as bad as the Great Depression, but more than just a recession). That high-tech workers have also lost jobs in this downturn should not be news to anyone. The solution, IMHO, is not to do anything to target high-tech work specifically, but to get consumer demand back up under the theory of "a rising tide lifts all boats."
Plus which, a look at Romney's plan shows that his plan is incredibly unrealistic and will cause far more misery than prosperity.
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