Date registered: Sep 2004
Vehicle: 1982 300SD
Location: Bel AIr, MD
Mentioned: 0 Post(s)
Quoted: 0 Post(s)
RE: The Dead Duck Dow ends year in the red.
If you limit your view to jobs where you work for someone else, the figures can make it look like there is a loss of good paying jobs. But you need to factor in the new jobs created; the entrepenaurs who invent a job for themselves and just do it.
You are also viewing a small portion of history (post WW2 US) as the norm. That was a time that was very favorable to US industry; all of our ecomonic rivals had been destroyed. The US economic situation was unnaturally good. As we helped the rest of the world rebuild, we cut our own economic throat--not saying that we should have kept the rest of the world in ruins, but our Marshall Plan and other help has enabled those countries to have newer and better technology. Also, remember that inductrial jobs ALWAYS follow the low cost labor--check out the history.
Those middle class US jobs at the steel plants, auto plants, etc, are gone forever. Its is not the fault of any one person, or political party.
The US economic engine is running quite well, there is opportunity available. People need to be flexible about what they will do, but the opportunity is there.