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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Dave Kiernan who wrote (70159)	2/22/2001 11:49:16 PM
From: Dave Kiernan	Respond to of 99985

""I’m obviously on a very different wavelength than Alan Greenspan in assessing both the cyclical and structural risks to America’s New Economy."" ""So where’s the excess? My suspicion lies in the managerial ranks -- the decision-makers (some might say "paper pushers") that sit atop the white-collar hierarchy. In the year 2000, there were 19.7 million executives, administrators, and managers; that’s 15% of the total nonfarm workforce -- only slightly shy of the 16% share of professionals. Putting it another way, the ratio of managers to professionals in the nonfarm economy actually rose from 0.929 in 1994 to 0.936 in 2000. In an era of IT-led breakthroughs, beefing up the managerial ranks is grounds for suspicion, in and of itself. New technologies should be able to deliver efficiencies in front and back offices, alike; the managers-to-professionals ratio should have gone down -- not up."" msdw.com