Mr. Leslie asks:

"Mr. Greenspan espouses that private industry is already engaged in
retraining. He must mean that private trade schools are providing
courses for displaced workers who can pay their own way..."

Or, Mr. Greenspan sees the retraining as hiring yet more H1B folks, or
offshoring more code development...after all, Mr. Greenspan is talking about
industry, and not individuals.


> -----Original Message-----
> From: Jerry Leslie [SMTP:[log in to unmask]]
> Sent: Friday, February 01, 2002 3:47 PM
> To:   [log in to unmask]
> Subject:      Re: Employment
>
> John Lee ([log in to unmask]) wrote:
> : At 02:54 PM 2/1/02 -0500, MIKE STEFFEN wrote:
> : >It's not an entirely comfortable thing to sit down in a classroom where
> : >most of your fellow students are the age of your kids.  But I think
> it's
> : >going to become more and more commplace.
> : >
> : FWIW, I'm on the board of a 2 year technical school here in Minneapolis,
> : and we have an MIS program among others.  Many of those in the MIS
> program
> : are not kids, so don't think that if you go back to school that you'll
> be
> : the only one over 30.  And if anything, I wouldn't be surprised if this
> : program soon became flooded with "older" students.
> :
> : John Lee
> : Vaske Computer Solutions
>
> And who pays for such retraining ?  Some people are being laid off with
> NO severance pay.
>
> Mr. Greenspan espouses that private industry is already engaged in
> retraining. He must mean that private trade schools are providing
> courses for displaced workers who can pay their own way...
>
>
> http://www.federalreserve.gov/boarddocs/speeches/2001/20011024/default.htm
>    http://www.iie.com/papers/greenspan1001.htm
>
>    GLOBALIZATION
>    by Alan Greenspan, Chairman
>    Federal Reserve Board
>
>    Speech at the Institute for International Economics'
>    First Annual Stavros S. Niarchos Lecture
>    24 October 2001
>
>    [snip]
>
>   "Nevertheless technological advance and globalization distress those who
>    once thrived in industries that were at the forefront of technology but
>    which have since become increasingly noncompetitive.
>
>    [snip]
>
>    Rather than inhibiting international competition to assist those
> displaced
>    by "creative destruction," we should be directing our efforts at
> enhancing
>    job skills and retraining workers-a process in which the private market
> is
>    already engaged. If necessary, selected income maintenance programs can
> be
>    employed for those over a certain age, where retraining is
> problematic..."
>
>
> --Jerry Leslie     (my opinions are strictly my own)
>
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