for Working People
the Herald Tribune launches an expanded business section it
seems appropriate to wonder why the paper pays so little attention
to the world of work.
seems fair to assume that most readers still get their money
the old fashioned way, and so when they dream of improving their
financial situation thoughts turn to a better paying job. But
for some reason the H-T has nothing to offer readers who want
to make more money working rather than investing. It offers
no information about sectors of the economy that are increasing
employment rather than in decline; no information about where
benefits are fulsome and turnover low; no suggestions about
where promotion from within is commonly practiced.
paper has nothing to offer people who might be interested in
improving their skills and require information about scholarships
or other financial aid and training programs; it has nothing
to say about how to calculate the cost of education against
the prospects of improved income -- it even has nothing to say
about this with regard to planning for the future of one’s
children let alone for the life of a working adult. While the
paper provides lots of help with investment decisions, parents
trying to figure out whether sending their kids to a more expensive
college rather than a cheaper one will pay off in terms of higher
lifetime earnings for the child get no help from the paper.
Each week the paper prints about 6 advice pieces wherein experts
try to help people better manage their investments, and some
of this advice involves highly technical calculations. But if
a working person is considering taking a job involving more
travel time and distance than the current one because the rate
of pay in the new job is higher, she will get no help from the
paper in figuring whether the move will be financially beneficial.
finally, the two parent working family. For the first time in
the history of the species -- and I mean that literally -- a
large human society is sending off both parents to work while
infants and toddlers are cared for by unrelated adults. This
requires enormous managerial and financial skills, but the paper
thinks these severely stressed families are more interested
in top management changes at Hewlitt-Packard than in how to
cut their costs or raise their income without taking any more
time away from family. Really?
with the basic question of when does the added cost of supporting
a second worker (another car; day care) begin to pay off? What
impact does the earned interest tax credit have on this decision?
Which companies or industries offer flex time? How does the
second employer’s benefits package fit with that of the
first wage earner? Plainly, there are many more similar questions.
It’s really hard to believe that working people would
have no interest in this kind of information from their daily
paper and prefer what they now get: essentially three real estate
sections each week.