Thursday, June 16, 2011

The problems with our economy explained - and drawn - by Robert Reich

WATKINS GLEN, New York, USA - The woes of the economy are evident around Central New York, but camouflaged by the beautiful scenery and the beginnings of summer.

But the number of people out of work is astounding.

And what about young people? (Anyone under 30 these days in my viewpoint.) Very few jobs for them, outside of tending bar (a prized occupation, actually) or some work in the tourist industry. If they have left the area and returned with an engineering degree or a medical degree, it's not that much better.

There's not that many jobs for engineers or doctors, even.

And at the same time, public agencies are cutting and cutting and cutting. The great schools here might have to settle for a not-so-great environment, if the cuts keep coming.

So what the %&E^*^*^ is going on?

Economist Robert Reich explains it in about 2 minutes. Two minutes. Really.

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