Happy Labor Day

During this past Tuesday, the day after Labor Day, Intel Corporation announced that it would be reducing its job force by 10,500, or approximately 10% of their entire labor work force. I'm sure that those 10,500 people greatly appreciate Intel for waiting until after the holiday to terminate their position! The article, Behind That Sense of Job Insecurity, asks the question whether job security in America has dramatically declined. More often in the news, it seems as though we hear of big time companies and corporations who have to let go significant portions of their labor force. Statistically though, over the past three decades nothing have significantly changed.

Consider this: According to Ann Stevens, an associate professor at the University of California, in 1969 the average amount of years that a working male held their longest job was 21.9 years, whereas in 2002 that number has only slightly reduced to 21.4 years.

So what do you think? Most of us are college students working hard and spending big money to earn our college degrees. Does it make sense for us to spend large sums of money as well as creating large sums of debt to be turned loose into an economy that seemingly produces unstable job positions?