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Your Well-Paid, Middle-Class Job Is in Danger
by Ruth Mantell
Thursday, June 16, 2011
Some highly-paid workers may find they need to switch careers.
The job market is changing, and it's not just manufacturing jobs that are disappearing. Even some highly-paid workers may find themselves needing to re-tool their skills in the years ahead.
The ongoing movement of jobs to countries where labor is cheaper, plus the development of new technologies, may mean fewer opportunities for some well-paid positions in the U.S. over the next decade, said Larry Katz, an economist at Harvard University.
Workers making about $40,000 to $80,000 a year constitute the bulk of labor costs for many companies, and these workers may be on the chopping block, said Jeffrey Joerres, chief executive of ManpowerGroup, a Milwaukee-based staffing services firm.
"That's your middle class," Joerres said. "Companies are finding ways to reduce the number of people in those areas, and change the jobs to make them more simple, to reduce the skill that is required."
However, not all is doom and gloom. Among the 20 fastest growing occupations from the U.S. Labor Department's employment projections for 2008 to 2018, 11 earn at least $10,000 more than the national annual median wage of $32,390 in May of 2008.
Originally posted by wavemaker
Bad news to the US means good news to Asia. The architects of WTO might have overlooked the possibility that everything will flow into Asia and only the finished products will return to the US.
Originally posted by BigJoninTexas
$8000 for healthcare. Are you the sickest person ever? I have excellent coverage and pay less than $2000. Sounds to me like you need to do some shopping. Besides your healthcare sensationalism,
The national average for health care costs per person is increasing drastically each year. In 2007, the average cost per person for health insurance coverage was $7,421, which was an increase of 6 percent compared to the previous year. In 2008, the average cost for health care per person surpassed $8,000. The yearly increases for health care are outstripping inflation
the problem with the outsource of american jobs is there fault. The problem is that americans are so stupid they don't understand that everytime they buy something not from the US or one of our allies, they are supporting someone elses economy. Everyone should shop in their local communities and support their local small businesses. Stay away from every big box store ie. Academy, Kohls, Walmart, Target, Lowes, the Home Depot, etc. etc. Don't shop at the mall to buy clothes. Do your homework. If the country of your choice does not produce what you are wanting, go without. It's not our gov'ts fault on this one. It's the evil corporations and their greed trying to make more money by exploiting cheaper labor and the greed of the american citizen and their consumerism addiction. I want it now, now now attitude. Support american manufacturers, their are still some left and they are more appreciative of your business than you could ever imagine. Be patriotic and punish those companies that have sent our jobs oversees. By the way, I know alot about american manufacturing. I am an american manufacturer.