Dumb, mindless questions: Young Workers See Pay Shrink - WSJ.com

Young Workers See Pay Shrink - WSJ.com

Question: (JT) The accumulated debt is horrible, no doubt. The main problem at this point is Walmart, Apple, etc sent and continue to send all their jobs overseas so the corporate hogs could and continue to get fat. No way out of debt when you got no job. Gotta claw back those jobs, pronto. Only one guy is preaching that, and he has exactly zero traction: Buddy Roemer.

Answer:

Oh yeah. Claw back jobs when 70% of LA kids don't even finish high school. So perhaps Apple will continue to make megabucks with products that instead of costing $1,000 cost $5,000 or more.

It's interesting (should you have lived in such a place) to see how those who come to the US (perhaps not legally???) and see how hard they work. Then, their kids - growing up in the world of US entitlement - don't want to work and often engage in criminal activities.

You might also read a bit about the idea of the "platform economy". The US doesn't want to save money, so it is logical that it contract with other countries and entrepreneurs for those jobs with high capital costs and operating risk.

As for our dear liberals in office, they appear to think capital is free - after all the Fed is printing like crazy; and, they think a return on capital is less important than abundant free healthcare.

If the US is sufficiently business (and immigrant) friendly, there should be plenty of jobs. But, if you have no education and hate math and science and computers, then maybe you'll have a hard time.

It's all well and good to want a corporation to operate at a loss - just think GM and the UAW.

How many jobs are and will be sacrificed in the future to pay for the debts run up by Obama to make Americans think their economy is getting back on track? There is no free lunch and if you subtract the money borrowed, it's like a family living on credit cards, way beyond their income. They may think everything is OK, they are able to spend. But, there will come a time when no one wants to extend any more credit (ask the Greeks).

Also, you might do a bit of reading on nanotechnology. You may think that centralized manufacturing has a future. Sorry, but if the nano-world is correct, it will be just the opposite.

However, the US is afraid to ask people to pay for what they get and there are clearly lots of both jobs begging and work begging to be done on infrastructure.

As Tom Keene said tonight on Bloomberg however, the administration and liberals (perhaps like yourself) are wrong to think that we will get cheaper 4G service by under-funding communication providers or preventing mergers like AT&T's. Sometimes big is better.

The same goes with Admin. policies to create jobs in green energy. When the price for energy goes up, certain users have to close down (i.e. fewer jobs); and, when money is shifted from one place to another, the old money job is gone.

So yeah, would you rather have a 'smart' job drilling for oil or ten 'dumb' jobs putting insulation in a house? Etc., etc.