I think you nailed it. But it is also relative and the bar had gone up to be successful. Government jobs are great if you can get one, the best risk reward ratio. "Oh it is going to turn around", I have heard many people say that in the last 2 years, and I have kept telling them no, it is a permanent low now. Now they have started to agree. I am stunned to see how much people have been making in the last few years based on housing, a Limo driver told me that he was bringing in 350K a year repairing appliances and he spent it all. If you call that the American dream, now that dream is gone, but sure if you are hard working, you can still make something of yourself.
Americans are all immigrants and the descendants of recent immigrants, take a look in the mirror (unless you're native american).
https://secure.wikimedia.org/wikipedia/en/wiki/Forward_caste is a form of socioeconomic collusion and corruption that is unique only to Indians. And https://secure.wikimedia.org/wikipedia/en/wiki/Corruption_in_India
Typical leftist thinking. The Indians lived on this continental land mass, however they had no part in founding or building the Nation we currently call the USA. The original inhabitants were not immigrants, but rather settlers and colonists. Immigrants move to a nation created by others, settlers and colonists create nations. The original European settlers began the process that built this nation, not the Indians. The "melting pot" and "we are all descendants of immigrants" is revisionist history.
overegulation and licensing is killing jobs for immigrants and americans. May 12th 2011 | from the print edition IN 1941 Franklin Roosevelt added two new items to Americaâs ancestral freedoms of speech and worship: freedom from fear and freedom from want. Todayâs politicians offer a far more generous menu: freedom from unlicensed hair-cutters, freedom from cowboy flower-arrangers and, most important of all, freedom from rogue interior designers. What is the point of enjoying freedom from fear or want, after all, if you cannot enjoy freedom from poorly co-ordinated colour schemes? In the 1950s, when organisation man ruled, fewer than 5% of American workers needed licences. Today, after three decades of deregulation, the figure is almost 30%. Add to that people who are preparing to obtain a licence or whose jobs involve some form of certification and the share is 38%. Other rich countries impose far fewer fetters than the land of the free. In Britain only 13% of workers need licences (though that has doubled in 12 years). Some occupations clearly need to be licensed. Nobody wants to unleash amateur doctors and dentists on the public, or untrained tattoo artists for that matter. But, as the Wall Street Journal has doggedly pointed out, Americaâs Licence Raj has extended its tentacles into occupations that pose no plausible threat to health or safetyâoccupations, moreover, that are governed by considerations of taste rather than anything that can be objectively measured by licensing authorities. The list of jobs that require licences in some states already sounds like something from Monty Pythonâflorists, handymen, wrestlers, tour guides, frozen-dessert sellers, firework operatives, second-hand booksellers and, of course, interior designersâbut it will become sillier still if ambitious cat-groomers and dog-walkers get their way. Related topics Florida United States Arts, entertainment and media Culture and lifestyle Design Getting a licence can be time-consuming. Want to become a barber in California? That will require studying the art of cutting and blow-drying for almost a year. Want to work in the wig trade in Texas? You will need to take 300 hours of classes and pass both written and practical exams. Alabama obliges manicurists to sit through 750 hours of instruction before taking a practical exam. Florida will not let you work as an interior designer unless you complete a four-year university degree and a two-year apprenticeship and pass a two-day examination. Americaâs Licence Raj crushes would-be entrepreneurs. Consider three people who come from very different states and occupations. Jestina Clayton is an African hair-braider with 23 years of experience. But the Utah Barber, Cosmetologist/Barber, Esthetician, Electrologist and Nail Technician Licensing Board told her that she cannot practise her craft unless she first obtains a licenceâwhich means spending up to $18,000 on 2,000 hours of study, none of it devoted to African hair-braiding. Justin Brown is an abbot at a Benedictine abbey that supplements its meagre income by making and selling simple wooden coffins. But the Louisiana Board of Embalmers and Funeral Directors has ordered him to âcease and desistâ. Heaven knows what harm a corpse might suffer from an unlicensed coffin. Barbara Vanderkolk Gardner runs a flourishing interior-design business in New Jersey. But when she tried to expand into Florida, the stateâs Board of Architecture and Interior Design ordered her to delete all references to âinterior designâ from her website and stop offering âinterior design servicesâ in the Sunshine State. The cost of all this pettifoggery is hugeâunless, that is, you are a member of one of the cartels that pushes for pettifogging rules or an employee of one of the bureaucratic bodies charged with enforcing them. Morris Kleiner of the University of Minnesota calculates that licensing boosts the income of licensees by about 15%. In other words, it has about the same impact on wages as membership of a trade union does. (Trade unionists who are also protected by licences enjoy a 24% boost to their hourly wages.) Mr Kleiner also argues that licensing slows job-creation: by comparing occupations that are regulated in some states but not in others he found that job growth between 1990 and 2000 was 20% higher in unregulated occupations than in regulated ones. The Institute for Justice, a free-market pressure group, argues that this is only the beginning of the Rajâs sins. The patchwork of regulations makes it hard for people to move from state to state. The burden of regulations falls most heavily on ethnic minorities (who are less likely to have educational qualifications) and on women (who might want to return to work after raising their children). States that demand that funeral directors must also qualify as embalmers, for example, have 24% fewer female funeral directors than those that donât. Uncle Sam will save you from bad feng shui You might imagine that Americans would be up in arms about all this. After all, the Licence Raj embodies the two things that Americans are supposed to be furious about : the rise of big government and the stalling of Americaâs job-creating machine. You would be wrong. Floridaâs legislature recently debated a bill to remove licensing requirements from 20 occupations, including hair-braiding, interior design and teaching ballroom-dancing. For a while it looked as if the bill would sail through: Florida has been a centre of tea-party agitation and both chambers have Republican majorities. But the people who care most about this issueâthe cartels of incumbentsâlobbied the loudest. One predicted that unlicensed designers would use fabrics that might spread disease and cause 88,000 deaths a year. Another suggested, even more alarmingly, that clashing colour schemes might adversely affect âsalivationâ. In the early hours of May 7th the bill was defeated. If Republican majorities cannot pluck up the courage to challenge a cartel of interior designers when Floridaâs unemployment rate is more than 10%, what hope has America? The Licence Raj may be here to stay economist may14,2011
However, it is clear that the Jews made America the strongest country in the world. Their contributions to white Americans welfare is unmatched. That's at least one immigrant group that defeats the norm.
How little you know, America's edge was slave labor combined with a lot of natural resources - neither of which the old continent had. Immigration has contributed a lot to US, from the many startups by Asian immigrants in Silicon Valley to even the cheap Mexican construction workers.
How many Americans has trace their roots to the first colonists? Vast majority has come in the last 100 years, so they are immigrants.