NEW YORK ( TheStreet) -- Good news seems to be breaking out all over the place. Just the other day I heard that employment in the first quarter improved in 42 of the 50 states.
Then I completed my own investigation and published a report about a high school program in Oregon's state capital that is training students so they can graduate from high school and be ready to be a productive member of the workforce with a decent paying job.
No wonder the stock market averages keep on soaring to new heights. With more people finding jobs and the Fed doing all they can to accommodate increased employment, there's more hope and a greater willingness to spend money than there's been for quite awhile.
Yet, there's an enormous percentage of the Baby Boom population (ages 48 to 67) who are either under-employed or unemployed. Millions in this demographic have stopped looking for full-time employment and are finding other ways to earn money. Plus, they have "things" to sell, some of which they're inheriting from their parents at an ever-increasing rate.One of the most popular ways for these self-made Internet entrepreneurs to auction off and unload their unwanted "things" is through the e-commerce platform owned and operated by eBay (EBAY). Ironically, it isn't eBay's online auction business that's boosting the future prospects for the company's stock. It's the transformation of the company by CEO John Donahoe and his team over the past five years into what Fortune magazine called it in its Feb. 25 edition "... a full-service e-commerce operation that helps big retailers such as Home Depot (HD) ... and hundreds of others navigate the complex world of mobile payments, online comparison shopping and same-day delivery." This jettisons eBay into a much bigger league than ever before so that "eBay is quickly emerging as the shopkeeper's best answer to Amazon (AMZN), which continues to disrupt the retail world with deep discounts and a dizzying array of new businesses," as the magazine article said. Jim Cramer and Stephanie Link actively manage a Real Money portfolio for his charitable trust -- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements.
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