“Discussion about the lack of employment growth in the U.S … is driven by truly economic circumstances, but it has been conducted in the prevalent political mode of identifying heroes and villains” says Jason Thomas, MBA ’00, an investment manager.
Writing for CNN Opinion, Thomas said: ”The resulting ‘fingers-crossed’ approach to watching the employment figures suggests a dangerous misunderstanding of the challenge facing American workers.
“The under-acknowledged truth is that many of the jobs that were lost over the past three years are gone forever. Americans who held them will not be rehired to do the same jobs, no matter how much the economy grows. …
“If the economists and politicians can work together, we can benefit from the effort and innovation of highly productive workers while supporting the adjustment of the rest.”
Thomas is chief investment officer of Aspiriant, a fee-only wealth management firm with offices in San Francisco and Los Angeles.
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