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		Home Page Mortgage News You Can Use Greenspan says must provide skills for better jobs Thu February 12, 2004 12:18 PM ET WASHINGTON, Feb 12 (Reuters) - Federal Reserve Chairman Alan Greenspan said on Thursday America must be concerned not only about the loss of jobs due to international trade, but also due to internal productivity and inferior education. "I think our real concern should not be the question of whether or not trade is increasing internally or externally, I think we have to be very concerned about the fact that there are very substantial (numbers of) people who are obviously losing jobs not only because of trade but also because of internal productivity," Greenspan said in response to a question from the Senate Banking Committee. "What is happening in the United States is that we are finding that the lesser skills are turning out to be in surplus supply, and therefore the real wages of our lower income are going nowhere," he said, adding that American students were falling behind other nations somewhere between the 4th and 12th grades. Greenspan also said the wage gap between U.S. and foreign software jobs was likely to narrow in the future.   Back to Original Article: News You Can Use   Continue with: Retail Sales Excluding Autos in U.S. Rise 0.9 Percent, Most in 5 Months Mortgage Rates at a Near Standstill U.S. mortgage rates unchanged Wednesday - BestInfo Budget deficits a risk to low interest rates, Greenspan says Bad Credit Home Loan Secrets Officials order new mutual fund reforms Greenspan provides fuel for dollar decline Dollar, gold mixed in Europe U.S. Treasury Bond Prices Higher
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