Job Growth Loses Steam - WSJ.com
Another consideration here is that the US has high paying jobs with no one to fill them.
Facebook stated on Bloomberg in January that the salaries it pays its technical people have doubled in the last 5 years. Google increased salaries by 10% across the board last year.
In an 'entitlement' society where half the kids don't graduate from high school, there are huge numbers of Americans with no place in a technically and information demanding society.
But liberal educational philosophies and teachers unions are an utter impediment to encouraging kids to get an education or suffer the consequences. Too many people believe there should be 'no' consequences. Instead those who are successful are 'to blame' and should pay ever higher taxes.
Things are screwed up! (It reminds me of a story a South African told me about a white farmer and a black farmer (not to be racist but this is how the story goes). Both farmers grew corn and the black farmer was always envious of the corn crop of the white farmer. The farmers both planted their corn using a little wheel with cups in it where they would put the seed. They would roll the wheel down the row of future corn and that's how they'd plant their crop. The white farmer would put three seeds in each cup and the black farmer no more than one.)
The US has far too many policies that don't educate those who want to get ahead how to get ahead and success is vilified (read also taxed) to equalize economic outcomes.
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