If Chao [Mrs. McConnell to you] were expressing the opinion of one political loon, it wouldn't be too bad. Sadly, her view is a conventional wisdom of academic economics. She does throw one curveball. "Fastest-growing jobs" is not a particularly relevant category, unless the base is already large. A category with 100% growth rate wouldn't mean much if there were only 10 workers so-employed already. I assume that Bernstein informed Parade that the largest growth in jobs is for low-wage service jobs.
Of course, the real problem, is an obsequence deficiency. Chao tells us, "American employees must be punctual, dress appropriately and have good personal hygiene," says Chao. "They need anger-management and conflict-resolution skills, and they have to be able to accept direction. Too many young people bristle when a supervisor asks them to do something." -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
