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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (8384)	2/20/2004 1:52:08 PM
From: ~digs	Read Replies (4) \| Respond to of 110194

Greenspan: Don't mourn job losses, go back to school American workers must constantly upgrade their skills if they don't want to find their job has been outsourced overseas, Federal Reserve Chairman Alan Greenspan said Friday. Greenspan stepped into a boiling political and economic controversy over the loss of U.S. jobs to lower-cost economies such as India and China. Protectionism is no answer to the "palpable unease" many workers feel about their job security, he said. Rather than bemoaning the job losses and shutting off trade, the only solution to outsourcing "is to boost the skills, and thus earning potential, of those workers lower on the skill ladder," he said. "These workers will need to be equipped with the skills to compete effectively for the new jobs that our economy will create," Greenspan said. cbs.marketwatch.com;