'The only solution to the raising unemployment is to bring in more foreigners and outsource more jobs.' It works well for the financial services industry and now US taxpayers is helping these companies hire more Indians and Chinese here and abroad. Love that slave mentality!
Unfortunaltey you are right in some parts but not on the productivity side. I'm not an expert so please don't quote me but i believe the constitution has in it a short period of patent protection/copyrights then the information is released publicly to benefit the masses. Legislation since the constitution has protected the industrialists then capitalists, a great example of the patent and copyright is Disney and obviously the drug companies. Well i see structural unemployment as a good thing in the long run but obviously devastating in the short to the individual. As i can feel it here in Detroit. However, if something can be produced cheaper in China, companies here in the U.S. or Europe will move there to compete on the global market, they too must innovate or die. However, the tricky part as u point out is what do these displaced workers go into next. Well they go into whatever area the United States has a comparative advantage in. This is fancy academic speak but in the long run it is true. Just in the short run it puts people out of a job and back into school to learn how to stay relevant. Again, we are resourceful species and i believe we will march on to a higher standard of living every generation.
Nothing short of re-industrializing the nation, which won't happen with our current breed of politicians writing checks, repuke or democrap. NAFTA and GATT weren't accidents.
I would agree. The one thing we need to put the nail in the coffin of this "jobless recovery" (uh. .yeah) is for the current adminstration to do something really stupid which will prop the market up for 3 months and mortgage the future for 10 years. Call Barny "Rubble" Frank. He knows a little about Mortgages... perhaps in Bedrock where we might just be headed economically. Anyone know what a Brontosaurus Burger is going for? http://www.youtube.com/watch?v=cMnSp4qEXNM GD
Yeah, it'll be the first War televised in HD. and...don't worry, you can DVR and re-live the action all you wish.
Anyone know the total number of employed? As more people continue to be unemployed, the number of new claims becomes a higher percentage. For example, last year if there were 50 million employed, then 600,000 was 1.2% of the total. If there are now 42 million employed then 600,000 is 1.4%.
The greatest acts of mankind have come from desperation not inspiration. Betting against man and for the end of the world has never paid well. Afterall, how many times have we had an end of the world situation in just the last 100 years? Things will get better and at some point this will all be just a memory and hopefully a lesson learned. Btw, the riches will go to those who solve problems. Spotting problems is easy and within the means of pretty much everyone.
So far the dollar enjoys being the best of the worst.... Jack Welch....ex CEO GE pegged the Obama recovery model accurately as being a fake on the back end.... Re-industrialization will only occur when buying elsewhere becomes too expensive....such that it has to be made at home.... Maybe when the dollar becomes one of the worst of the worst....