Recently an epochal event took place in our economical society. While there has been a slight decrease of 5.6% in unemployment, the number of those that are white-collar workers in managerial positions has rose to 43% of the total jobless community (Obleen 1). Stephen Roach of Morgan Stanley believes that this rise in managerial layoffs stems from the over investment in information technology as well as the masses of white-collar workers that were hired to handle and master …showed first 75 words of 709 total…

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