Georgia's Job Recovery Still Years Away (Atlanta: lawyers, buying a house, buying)

[Caltovegas]

Technology is killing regular jobs because less people are needed to do many of the past jobs. the old days of the high grad getting a livable job are almost long gone and a college degree is becoming a commodity. Why pay all that money and deal with loans for a job that pays less than $50,000..

Times are a changing. At some point people are going to have to look international and that's when the real competition for work will be intense.

[MovedfromFL]

Health is NOT recession-proof. Think about the fact that Uncle Sam is paying around 50% of total health expenditures right now. How long can that continue when the gov't is flat broke? Big cuts to healthcare are coming. (both from the Federal level and the state level; Medicaid (for the poor) is strangling the states and it's about to get a lot worse under "Obamacare".) The medicaid rolls are growing in every state, requiring more and more money. At some point, you are stealing from education and transportation to funnel that money to medicaid.

[muxBuppie]

Originally Posted by MovedfromFL

Health is NOT recession-proof. Think about the fact that Uncle Sam is paying around 50% of total health expenditures right now. How long can that continue when the gov't is flat broke? Big cuts to healthcare are coming. (both from the Federal level and the state level; Medicaid (for the poor) is strangling the states and it's about to get a lot worse under "Obamacare".) The medicaid rolls are growing in every state, requiring more and more money. At some point, you are stealing from education and transportation to funnel that money to medicaid.

You don't work in healthcare do you? It will get money no matter what.

[chiatldal]

Originally Posted by muxBuppie

You don't work in healthcare do you? It will get money no matter what.

Yes the only way the health industry can go bad is if all illness and diseases are cure and we will become immortal being. It can't bubble or bust. Then whens the last you herd we have to many nurses just saying.

[aries4118]

Originally Posted by Mutiny77

While every state/city that seeks to copy the successes of other states/cities aren't successful themselves, it seems that Atlanta would do well to copy the RTP model with a research campus involving the local colleges/universities, and maybe even UGA. I wonder if this has ever been considered?




(theoretical scenario without time limits)

Source: CrunchBase Reveals: Most New US Startups Founded In Silicon Valley, Followed By… New York City | TechCrunch

Good post.

Also, everyone participating on this thread should take a look at this--more food for thought:

Wanted: Blue-Collar Workers | Newgeography.com

[muxBuppie]

Originally Posted by aries4118

Good post.

Also, everyone participating on this thread should take a look at this--more food for thought:

Wanted: Blue-Collar Workers | Newgeography.com

This is an alarming indicator of a failure in the career and education choices of young Americans.

Charles Murray has written a bit about this. An oversupply of university graduates in many over-hyped disciplines, leading to lots of overqualified McDonalds staff, underpaid qualified employees in some professions, and unemployed graduates.

Meanwhile, some less-hyped vocations (work in a FACTORY - yuk....!) are screaming out for manpower.

William Fruth's arguments in "The Flow of Money and its Impact on Local Economies" also points out how vital "primary industries" are to the economic stability and durability of a region. There is far too much focus by many analysts on "education" as beneficial in and of itself, when "primary industry" is in fact the single most important thing.

Many hyped professions such as accounting and law, involve wealth CONSUMPTION, not wealth CREATION. Performing legal and accounting services for customers outside your region does of course bring money in to your region and thus substitutes for primary industry. But other regions and nations can easily provide the conditions for the provision of "services" and end up the beneficiaries of "outsourcing" from your own area. But if you've provided the right conditions for manufacturers of sought after products, it is much harder for the other regions to take that off you.

Your MBA graduates can easily redeploy their skills elsewhere, but your oil drilling equipment manufacturers employees cannot redeploy theirs elsewhere anywhere near as easily.

Some writers are referring to a "higher education bubble", and I agree with this assessment. But it is possible to have a bubble at the same time as shortages in specific areas - the higher education bubble is a bubble in specific kinds of qualification, just as the property price bubble was a bubble in prices at specific locations only.

Maybe there are some countries that have got this closer to right than the USA has. I do not know, but it would not surprise me if this is an unrecognised strength of some of the world's more competitive economies.

Basically, everyone doesn't need a degree. I'd work in a factory for 70k lol.

[MovedfromFL]

Originally Posted by chiatldal

Yes the only way the health industry can go bad is if all illness and diseases are cure and we will become immortal being. It can't bubble or bust. Then whens the last you herd we have to many nurses just saying.

I'm laughing out loud because this post is barely literate, yet the poster feels qualified to comment about the future of healthcare delivery in the US.

[MovedfromFL]

Healthcare is a bubble now, folks. It doesn't matter how much healthcare we WANT, it all comes down to how much we can pay for!

What part of "we are borrowing 43% of the US budget" don't you understand?

Hospitals are already making cuts due to state budget cuts. New Hampshire made big cuts to the state budget and a big hosptial immediately laid off 150 people. Isn't Grady on life support in Atlanta and only hanging on because of massive tax money inflows? Meanwhile, the federal government keeps passing emergency measures to stave off the 30% cut to providers that was supposed to take place under budget deals make a long time ago. The writing is on the wall for cuts to Medicaid and Medicare.

Then we have all the students in school now training for the glorious future in healthcare! (young students + older folks who are trying to start second careers).

Healthcare is only delivered because taxpayers are footing the bill (Medicare and Medicaid) and because people still have jobs that provide group plans. If people lose their jobs, they either go without insurance or go on Medicaid. If employer's find that they can no longer absorb the 10%+ rise in medical insurance costs year after year, they start cutting benefits or dropping the plans all together. (and don't think this is impossible: surveys of employers have shown that many intend to do exactly this and just pay the penalties if Obamacare kicks in)

But hey, believe what you will. Dot.com (check); housing market (check); higher education and healthcare -- soon to be the next bubbles to pop (assuming of course that Europe doesn't blow first and take us down with it!)

[muxBuppie]

Originally Posted by MovedfromFL

Healthcare is a bubble now, folks. It doesn't matter how much healthcare we WANT, it all comes down to how much we can pay for!

What part of "we are borrowing 43% of the US budget" don't you understand?

Hospitals are already making cuts due to state budget cuts. New Hampshire made big cuts to the state budget and a big hosptial immediately laid off 150 people. Isn't Grady on life support in Atlanta and only hanging on because of massive tax money inflows? Meanwhile, the federal government keeps passing emergency measures to stave off the 30% cut to providers that was supposed to take place under budget deals make a long time ago. The writing is on the wall for cuts to Medicaid and Medicare.

Then we have all the students in school now training for the glorious future in healthcare! (young students + older folks who are trying to start second careers).

Healthcare is only delivered because taxpayers are footing the bill (Medicare and Medicaid) and because people still have jobs that provide group plans. If people lose their jobs, they either go without insurance or go on Medicaid. If employer's find that they can no longer absorb the 10%+ rise in medical insurance costs year after year, they start cutting benefits or dropping the plans all together. (and don't think this is impossible: surveys of employers have shown that many intend to do exactly this and just pay the penalties if Obamacare kicks in)

But hey, believe what you will. Dot.com (check); housing market (check); higher education and healthcare -- soon to be the next bubbles to pop (assuming of course that Europe doesn't blow first and take us down with it!)

You sound jealous. Healthcare ain't going nowhere and as boomers get old it will only benefit.

[Mutiny77]

Originally Posted by muxBuppie

Basically, everyone doesn't need a degree. I'd work in a factory for 70k lol.

At least not a 4-year degree. An associate's degree can make you some nice money in the right field.