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Ummm, an entire decade of American CS / EE grads unemployed or underemployed after the hiring in the industry stopped in the late 1990s. Masters and PhD salaries that are so low as to be extremely exploitive. Silicon Valley turning from a primarily white male dominated tech workforce, to...

Regardless of how the banks behave, maybe the LA government, in their role as trustees, stewards, and fiduciaries, should look at, and seek to wring out any sort of excess compensation given to any financial institution, for any services rendered. If Vanguard, a co-operative, can provide...

And then do what? Have a property that sits vacant all year round? Rent to whom? Who cares if you can pick something up cheap, if it can never produce revenue for you, and is just going to cost you taxes. This is what I call penny wise, pound foolish. And if you look at hyperinflations...

A labour shortage would be very good news. China has been exporting deflation to the USA for the past 20-30 years. Maybe it can start exporting some inflation.

What are you talking about? In the 1990s, SV was not overrun by foreigners. Today it is. Do you even have a clue? Yeah right... And you claim that I don't know what I'm talking about... What a load of BS.

I come to a slightly different conclusion; Americans can compete quite well, but they can't compete with people who were given their education for free, and can hop on the plane back to India if their houses become worth less than the mortgage, or for a cheap retirement. An Indian is happy to...

Just from my own personal experience and observing thoe around me, the number appears to be closer to 50%. For example: http://www.urban.org/UploadedPDF/411562_salzman_Science.pdf Page 35. Only 33% of graduates from STEM programs actually work in STEM occupations, and of the working...

Its not a matter of stupidity. Its a matter of American businesses not feeling they need to hire top-notch talent, when cheap 'barely good enough' will do. Look, I own a nicely restored Jaguar E-type, and a early 1990s Oldsmobile. Guess which one gets used for long drives out of state...

But not overskilled wage slaves. Which might be part of my (and the girl with the MA in the earlier message's) problem. Its pretty simple math. The US workforce has not expanded since 2000. Job growth in the low-skilled portion of the US workforce has been very rapid. Hence, one can...

But are enough of them being hired to soak up the massive amount of domestic supply that is coming on stream every year, nevermind all the foreigners? Firms like Intel go around bragging that they hired 1,000 new grads last year -- but a workforce of 83,000 (source: wikipedia), and an...

Its far broader than that. H1-B's have displaced America's best and brightest grads. Yet resumes like mine never even hit your desk because they get mixed in with 200-500 others, and your HR people likely pick, at random, 20 to read further, investigate, and interview. As I said earlier, I...

And just how safe is the CME? If, for instance, the USA had a 'bank holiday' (ala 1930s), with the dollar being devalued by 50% -- what would happen to the CME the next day? I suggest that the CME would default. In the 1930s, they dealt with this circumstance by confiscating the physical...

And even chiefs need to start somewhere. They don't get hatched out of thin air. Not everyone's expertise in a specific domain lends well to creating one's own business straight out of college. Most jobs nowadays require on-the-job, industry-specific learning, which cannot be acquired from a...

In the IT/Electrical/Computer Engineering field, the concept of a 'market' wage doesn't exist because the tech firms haven't been hiring domestic workers at any price. Its not just a matter of lowering one's salary expectations, when one's resume doesn't even get looked at on a pile of 200-500...

If LeBron James made 759 free throws, and some bully on a ladder knocked the ball out of going into the net 759 times, does that mean he's a bad free thrower? Should he give up, even though he may be perfectly fine at free throwing? Of course not. He should just arrange for the proverbial...

So I'm to blame, even though the collapse in the economy began even before I graduated? I, or the young lady referenced in the original post, were supposed to be expert labour market economists, before we committed tens of thousands of $$$ to training for professions for which demand did not...

Absolutely. At some point, the prices of those commodities will move so violently as to vastly exceed the daily margining requirements, either to the upside or to the downside, and counterparties will fail, setting off a contagion. The only way you can ensure you will benefit from owning...

I think everyone was in complete denial back in 2001. The lack of jobs for grads was just temporary. Things would improve, "next year". Google would grow enough to hire literally everyone cast off by the rest of the sector. Techies who can't find jobs are just 'unemployed losers', 'whiners'...

Yeah, I was done all my CS and EE courses in early 2001, but had to stick around to complete electives (ie: History, Philosophy, Law, etc.) that I had deferred trying to get the core coursework done. That's how I got caught. Nortel had flown a bunch of us around the country to recruiting...

So we all have to be riding around on horses, and lining up at soup kitchens before someone officially declares a 'depression'? Key metrics such as the stock market (down 80% since 2000 when measured the same way as in the previous depression, ie: against commodity-backed currency)...