Unemployment in Silicon Valley
60 Minutes does a good job of dealing with the problem of people who have been unemployed for two years or more. Almost all were college graduates and most had masters degrees and some had PhD's. The effective unemployment rate in San Jose is now at 22 percent, and former professionals are feeling lucky to find a job at Target for $9.25 an hour.
I wonder how these people will be voting next week. If they vote for the Democrats they are not likely to see things improve.
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