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To: logician2u
Also neglected in the article is any mention of retraining costs, and the effect of starting a new career at the bottom of the ladder. When Greenspan, et al, all spout off the mantra, "retraining", that's usually where their argument ends. Retrain for what? At what cost?

I'm an artificial intelligence research analyst and I can't find work.

So, I go back to school, get another undergrad degree and add a graduate degree to boot. I'm looking at anywhere from 15K to 50K for in-state tuition for both degrees.

And then I start at the bottom in my new career, making a recent grad's salary at age 37 (presently).

Makes me wants to start a business instead.

15 posted on 02/12/2004 1:24:20 PM PST by RightlySo (Capitalism is the unequal distribution of wealth; socialism is the equal distribution of poverty.)
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To: RightlySo
Makes me wants to start a business instead.

Now you're talking. After 20 years doing AI research and other things in big high-tech companies, I dabbled in start-ups and then joined a dot-com company. Two years later, I was dot-commed out, started up another company and took a related teaching position to pay the rent. That company failed, but the teaching position was a great opportunity to re-tool myself ("The best way to learn something is to teach it"). Another start-up began to take shape about 9 months ago, and this one looks like it's got legs.

At 50, I'm out of money, but my intellectual capital continues to increase. Owning part of a business is the best way to sure that I actually benefit from that intellectual capital. It hasn't been easy -- and I don't expect the next few years to be easy either -- but I'm still hopeful.

20 posted on 02/12/2004 1:37:30 PM PST by AZLiberty
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