Washington Post,February 18, 2010 on page A12:
Steven Wieting,an economist at Citigroup says: "When you can consider that the declines in employment have been so profound, it would take tremendous growth to get that back. Getting something that looks like a good growth, clip can stabilize unemployment, but regaining all that was lost will take a lot of time."
This statement is similar or identical to my previous blogs i.e. it may take months or years for recovery. Patience is a virtue and we would like to be virtuous as Confucius/Mencius advised their disciples centuries ago.
College graduates in China are having a hard time to get jobs and their counterparts in USA get part time work or underemployed re their educational background.
Francis Shieh a.k.a. Xie Shihao encountered the same experience many decades ago in the 20th century.
Thursday, February 18, 2010 at 10.10 a.m.
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