NYT Editorial

Today the Times editorialized about the worsening unemployment situation.

It is a good editorial overall, but I do take issue with this paragraph:

That means that in addition to providing relief for today’s unemployed, greater emphasis must be placed on job training and retraining and on better education at all levels. If a job slump is short and shallow, old jobs come back. If it is long and deep, like the current one, some old jobs never return and even some industries never revive. That makes it imperative to prepare as a nation for the prospect of a vastly different future.

The solution is NOT "retraining," especially for jobs that don't exist or have a huge glut of applicants. The solution is not to go into thousands upon thousands in debt for jobs that will not be there when students graduate. The solution IS to reverse three decades of tax policy favoring the few at the expense of the many and to reverse the "outsourcing" of jobs to third world countries and uncut wages and salaries here by penalizing companies that do it.