We have compared the employment profiles for 2005 and 2010 and they tell a somewhat frightening tale.
First let us look at the break outs in 2005 and 2010. We do that below:
This is 2005. Watch what happens to manufacturing and construction and Government and Health and Education.
Now to 2010:
We now line these up side by side by category as below:
This starts to tell the tale. Now we finally show the percent difference between 2010 and 2005 by category as below:
What this tells is manufacturing and construction, the value creation jobs, are being lost at a great rate and the jobs sucking out money from the economy, government and health and education, are growing.
In 1948 when I was in the first grade we had one teacher and 45 students. In high school we had the same ratio. Now we have two teachers and at most a dozen students. Has quality changed? Not at all, it has decreased. In health care we now have so much overhead due to Government regs and it will just explode under the new programs. In education we have more deans and associate and assistant deans that the cost of higher ed is also exploding.
The problem and the solution is simple. Cut these useless overhead items. If you were on the Board of a start up with these ratios you would fire the management immediately. You cannot continue this bleeding!
First let us look at the break outs in 2005 and 2010. We do that below:
This is 2005. Watch what happens to manufacturing and construction and Government and Health and Education.
Now to 2010:
We now line these up side by side by category as below:
This starts to tell the tale. Now we finally show the percent difference between 2010 and 2005 by category as below:
What this tells is manufacturing and construction, the value creation jobs, are being lost at a great rate and the jobs sucking out money from the economy, government and health and education, are growing.
In 1948 when I was in the first grade we had one teacher and 45 students. In high school we had the same ratio. Now we have two teachers and at most a dozen students. Has quality changed? Not at all, it has decreased. In health care we now have so much overhead due to Government regs and it will just explode under the new programs. In education we have more deans and associate and assistant deans that the cost of higher ed is also exploding.
The problem and the solution is simple. Cut these useless overhead items. If you were on the Board of a start up with these ratios you would fire the management immediately. You cannot continue this bleeding!
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