Douglas Crets

Icon

Giving Credibility to the Shadow Education System

#OccupyWallSt Created by Climate of Fear, Stimulus that Missed the Boat?

Henry Mo, an analyst at Credit Suisse, apparently said during a Goldman Sachs slide presentation, the following:

“If all U.S. job vacancies were to be filled overnight, nearly 11 million workers would still be unemployed.”

Think about that.

Now think that the U.S. government pumped hundreds of billions of dollars into state and federal construction projects.  Is it possible that what’s happened to create #occupywallst is that stimulus money did not go to the people with educations, who are looking for work, and who cannot find work? Rather than having that money go to public works projects, why didn’t it go to more entreprenerial projects geared at getting well-educated and youthful workers into jobs?

We know that the banks were too big to fail. But why, after receiving so much money, did the financial services sector end up laying off so many people?

The following slide comes from a series of slides that may do much to illuminate those questions with answers that are difficult to stomach. Could it be that banks had to receive all of this money because these banks were shoring up actual countries, whose debt levels were through the roof, and that were incapable of remaining solvent?

Unemployment by Education Factor

 

Filed under: Influence, , , , ,

A 9.2% Unemployment Rate Means Big Things for LinkedIn

I’ve been unemployed for about six months, experiencing very satisfying short-term jobs with great clients who value the social media business proposition. It’s been a thrill.

Like a lot of people, I was dismayed to see the jobs report showing that we have only added 18,000 jobs last month. We have a 9.2% unemployment rate.

This apparently is good news for LinkedIn. Its share price has soared as people realize that networking, finding jobs, and gleaning as much inside information as possible from their social network is what will help them innovate and find a good job in this economy.

After the unemployment rate was announced, LinkedIn shares jumped 4%.

Filed under: Influence, Tech, Work, , , , ,

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 48 other followers