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Book Review: The Coming Jobs War by James Clifton

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The Coming Jobs War begins with the United States having won the 1970-2000 jobs war by leading in new internet technologies, superior business models, and export know-how. Winning future jobs wars can preserve the current 25% U.S. share of the global economy. Author James Clifton believes that this growth can be sustained by tapping the resources of large cities, huge universities, and the community connections possessed by local leaders.

Most solutions begin locally. Clifton believes that whatever improves the jobs picture at the neighborhood level should be facilitated through the prism of local leadership. If rezoning improves jobs and economic opportunity, then part of the solution is to rezone. In the new economy, there is a definite need for entrepreneurs or salespeople. Leaders of countries who create new jobs require adequate support systems in law and education, and military plans for transitioning resources for peaceful use and municipal planning.

Student engagement is needed to prevent large drop-out rates. Key personal traits are excellence in mathematics coupled with leadership skills. Ultimately, student graduation is a very important predictor of a municipality’s future innovation and entrepreneurial potential. And so, the behavioral side of economics becomes an important aspect.

A change in behavior is needed to accomplish things like an improvement in drop-out rates and better academic outcomes. A potential answer may be found in making education more relevant, cost effective, and available. Incentives are another important ingredient needed to change inflexible attitudes.

Increments in the GDP are good for workers because new jobs are created in the economy and more people are hired. When more people are hired, consumer spending increases. Growth may be achieved by cutting taxes and raising business output. When take-home pay is reduced, spending is lowered, as well as GDP. China’s GDP is expected to reach $70 trillion by 2040 with the United States trailing at $30 trillion in the same time frame.

The Coming Jobs War demonstrates that health care costs are a large fiscal drain on multiple layers of government. Behavioral economics recognizes that more optimal eating choices, smoking cessation, and moderation in drinking are critical ingredients to reducing health care costs rationally and permanently.

The Coming Jobs War is a wonderful book which explains how the United States can keep growing well into the future provided that simple steps are taken now. In effect, jobs are the new global currency for leaders everywhere.

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About Dr Joseph S Maresca

I've taught approx. 34 sections of collegiate courses including computer applications, college algebra, collegiate statistics, law, accounting, finance and economics. The experience includes service as a Board Director on the CPA Journal and Editor of the CPA Candidates Inc. Newsletter. In college, I worked as a statistics lab assistant. Manhattan College awarded a BS in an allied area of operations research. The program included courses in calculus, ordinary differential equations, probability, statistical inference, linear algebra , the more advanced operations research, price analysis and econometrics. Membership in the Delta Mu Delta National Honor Society was granted together with the degree. My experience includes both private account and industry. In addition, I've worked extensively in the Examinations Division of the AICPA from time to time. Recently, I passed the Engineering in Training Exam which consisted of 9 hours of examination in chemistry, physics, calculus, differential equations, linear algebra, probability/ statistics, fluids, electronics, materials science/structure of matter, mechanics, statics, thermodynamics, computer science, dynamics and a host of minor subject areas like engineering economics. A very small percentage of engineers actually take and pass the EIT exam. The number has hovered at circa 5%. Several decades ago, I passed the CPA examination and obtained another license in Computer Information Systems Auditing. A CISA must have knowledge in the areas of data center review, systems applications, the operating system of the computer, disaster recovery, contingency planning, developmental systems, the standards which govern facility reviews and a host of other areas. An MBA in Accounting with an Advanced Professional Certificate in Computer Applications/ Information Systems , an Advanced Professional Certificate in Finance and an Advanced Professional Certificate in Organizational Design were earned at New York University-Graduate School of Business (Stern ). In December of 2005, an earned PhD in Accounting was granted by the Ross College. The program entrance requires a previous Masters Degree for admittance together with a host of other criteria. The REGISTRAR of Ross College contact is: Tel . US 202-318-4454 FAX [records for Dr. Joseph S. Maresca Box 646 Bronxville NY 10708-3602] The clinical experience included the teaching of approximately 34 sections of college accounting, economics, statistics, college algebra, law, thesis project coursework and the professional grading of approx. 50,000 CPA examination essays with the American Institute of Certified Public Accountants. Additionally, membership is held in the Sigma Beta Delta International Honor Society chartered in 1994. Significant writings include over 10 copyrights in the name of the author (Joseph S. Maresca) and a patent in the earthquake sciences.