Quote:
Originally posted by widebody911
I was at the gym last night, and overheard some kids who apparently had just graduated from high school talking about their majors. One of them said "I'm going into finance. I was going to go into computer science, but f*ck that, they're all getting laid off"
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Sounds like a dumbarse teenager to me. Wait until mortgage rates go back up. There will be a huge wave of unemployed workers centered about the housing field: builders, contractors, venders, bankers, lenders, brokers, etc.
I was the same way at age 18. I 'heard' environmental engineering was hot. Starting salaries were in the $60k range. Wow! Boy, what a crock! The more I learn, the more I learn how stupid I really am.
When tech was all hot and bothered, a lot of guys were carrying home monster cash. Well, tech is bust, and now some grapes are squished. That's what happens when some guys try to fly too fast. It looks like a pendulum to me, and anyone who participates has to realize the risks. I am mainly referring to the tech boom or lack thereof.
What concerns me is how to keep jobs in the US of A? I am grabbing all the dollars I can, just like any other man, but if Joe B is going to keep his job, do I need to sacrifice mutual fund performance? If you want to blame corporate profits for this trend, don't point at the icon. Point at the shareholders. What happens when GE does not meet profit expectations? Shareholders sell. When one company started sending jobs overseas, other companies had to follow suit or risk going under. So, either all companies must act in the best interests of their employees, or the shareholders must hold the companies accountable for poor decisions. I don't think there is an easy solution. Everybody has to take some blame.
jurgen