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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (33186)	6/12/2005 8:54:16 AM
From: Dale Baker	Read Replies (1) \| Respond to of 306849

According to BLS statistics from last year, only 40 million or less than a third of the civilian workforce have college degrees. So you have 80 million-plus to do the rest of the work. I don't have any answer on how you house them or who pays for it. I just thought your "it has been respectable and expected that a person will complete at least four years of college" only applies to a minority, not "our society" as a whole. bls.gov

To: Tradelite who wrote (33186)	6/12/2005 10:47:26 AM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

You have thought yourself into a corner. A person who looks at a population of 280 million people and sees labor shortages is kidding himself. Australia, a nation of roughly the same geographic size, has a population of only 20 million and does not have any labor shortages. How did an extra 260 million people in America create labor shortages? When a credit bubble pushes homes prices to a level that virtually no one in society can afford: you need everyone in the nation to leave and be replaced by far wealthier people; or you need to admit that home prices will decline because they have bubbled up to a level which cannot be supported by the incomes of existing citizens. .

To: Tradelite who wrote (33186)	6/12/2005 11:23:18 AM
From: bentway	Read Replies (2) \| Respond to of 306849

I'm not anti-plumber Tradelite! As a person who does his own plumbing so as not to have to pay for the expertise of plumbers, I'm keenly aware that they're worth every dime. I was merely pointing out that an ACADEMIC study of labor needs done by a local community college doesn't carry a lot of intellectual cred. For one thing, the community college is selling it's product.