IS SOMETHING MISSING?: Beneficial Manipulation - Barrons.com
To build things or provide jobs, it takes capital. And, capital is exactly what gets swallowed up by government consumption based entitlement programs.
The platform economy concept has enabled Americans to benefit from the very things that Donlan mentions - but these are jobs that take education and training.
Simple math shows that the US is not accumulating the capital (or the reward system) to create the jobs everyone would like to have for a middle class lifestyle.
The liberal establishment and unions believe the rich can be taxed to provide the wherewithal for everyone to have the cushy UAW type jobs of years gone by. However, these were years where the US was the dominant economic power and had a vastly disproportionate share of the world's resources. Now there is competition for those resources.
The goal to create jobs is noble; but, a high tax, union mentality economy isn't the needed investment climate needed.
Another question would seem to be if the GDP has supposedly recovered what was lost during the recession, I don't recall productivity statistics to justify the same production with what is now effectively 21% unemployment (add in post 2 weeks and 6 months (9.7, 17, 21%)?
Saturday, December 25, 2010
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