Date: Mon, 29 Apr 1996 09:18:28 -0400 (EDT)
From: Louis N Proyect <lnp3-AT-columbia.edu>
To: marxism-AT-jefferson.village.Virginia.EDU
Subject: Re: productivity


On Sat, 27 Apr 1996, rakesh bhandari wrote:

> And a couple of years ago, I remember reading an interesting article by
> computer expert Charles Ferguson who said that it is easier to automate the
> hell out of  information intensive activities of Wall Street than for
> example automobile production.  He talked about the insecurity of  all
> those college grads who thought they could work in some brokerage firm and
> live on easy street.  It was pretty funny to think of so many dreams of so
> many dough boys crushed...
> 

Louis: This is not exactly accurate. Many college students major in 
business administration or computer science because they are afraid that 
without this background they are unemployable. My office has 3 recent 
Columbia liberal arts graduates doing clerical work. They can't get an 
interview, let alone a job.


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