Wednesday, October 14, 2009

The Economy

The Dow Jones Industrial average ended up over 10,000 today for for the first time in over a year. I don't mind telling you I was concerned to see my my retirement drop like a stone and waller around in the mud with the skinny pigs.
I'm getting close to retirement and the idea is for things to be going in the opposite direction. So I, along with a lot of other baby boomers have been breathing a sigh of relief that last few months.
I'm still concerned that unemployment is so high. Normally when a recession ends and the economy picks up steam, people go back to work, but I'm not sure that's happening.
One thing that's changing is the nature of work. In years past, a career in computers was the "cats meow". But these days that whooshing sound you hear are those jobs going offshore.
I read a book recently that detailed all kinds of service industry jobs such as reading X-rays, filling out tax returns, and a host of other things you would not imagine being done by people from another land.
I didn't say this to be depressing, just that the nature of work is changing. The best jobs are those that cannot be outsourced. If I were a young person headed to college, I would give a lot of thought to what I want to be when I grow up.

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