JUDGE AND JURY...the results are in!
YOU BE THE JUDGE! Does this make any sense at all? Bank of America has eliminated 74,000 jobs since 2008, citing slower economic growth. 10,000 were from last year alone. This represents 6 consecutive years of decline!
These are the very jobs that are needed, highly skilled and well paying. They are predicitng more job cuts to come.
They are not the Only bank [Citigroup has eliminated 144,000 positions] that have been undertaking massive job eliminations.
Where are these highly paid, well educated individuals finding new employment? Are the finding similar jobs paying competitve wages?
I think not.
We are going to have the best educated Service Engineers…At least they should have a respectful title!
Perfect example: Went to a local Starbucks. The shift manager has 2 bach. degrees and is working on a Master’s degree. Compensation $10.50 an hour plus tips.
Verdict is in. Enough Said!
Source: Investor’s Business Daily- We Say It Like It Is-Issues and Insights.
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