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Sorry, but while things may get better in the aggregate, there will be millions of people left behind. Car makers will start making cars in the States again, but those jobs won't pay nearly as well as the Detroit-type jobs. Many in the professions will go out of business, replaced by outsourced workers especially from India. It will become a matter of whether your job can be done by telecommuting-- if it can, it is at risk. Sadly, all too few young people are going to the kinds of jobs that will both be secure and well-paying, such as civil engineering or skilled trades such as electricians and plumbers. We're not making tangible things any more, and the big money goes to people who can sell and manipulate money. If the decline is planned well, then people will get used to a declining standard of living by having toys and leisure time-- maybe a LOT of leisure time. If it's not planned, then the result will be unpredictable-- it could be more crime and a general decline of what's left of societal standards.
And democracy? Kiss it goodbye. Unless you're a multinational corporation, in which case you can count on Congress and the President representing you quite well. But even they ought to worry, unless they can sell effectively to the rising numbers of Indian and Chinese middle class, who will replace our middle class. Maybe we'll be making iPhones and Wiis for them, if we're willing to work for a dollar an hour.
If I could answer where the new jobs are coming fro and in what indutry :i keep quite and invest.But I certainly don't think any boom is comng soon as that takes startups years to get to that point.Then it will take even longer for the so called green jobs with cuts and taxes coming because they need governant funding to even break even until they can compete.My guess is pretty much the traditional work and more self emploeymnt/small business that lead us out of the 70's recession.Hpefully it would be a worlsd war like got us out of teh great depression and afterwards lead to our being the supplier tomuch of the world.No matter what we are going at some tough times ahead with the defcitsso highbut hopefully not as much pain as greece and some other are facing.
*I made a similar thread in the Work/Employment forum, but they began to tell their own personal anecdotes of what happened to them after the economic crash rather than answering the question.
The government says that millions of new jobs will be made/recovered in the next few years... but what kind??
What jobs are there that will exist in the future that shouldn't already exist now?
And if they can't get jobs, what's the plan? How do you take care of the 10%+ who are out of work and have no money?
First off, the real number is closer to 20%, second, the few jobs created will mostly involve burger flipping and hawking chinese crap, and last, get ready for a world of a very few haves and a lot of have-nots with very few people ever switching sides in their lifetimes.
The ONLY reason it ended well economically for the US is because the war never actually made it over here, except for Pearl Harbor. In fact, we were the only major power to come out with an intact infrastructure and full industrial capacity.
The ONLY reason it ended well economically for the US is because the war never actually made it over here, except for Pearl Harbor. In fact, we were the only major power to come out with an intact infrastructure and full industrial capacity.
Very true and it also took millions out of the workforce and reduced all business activty except war. It was not a booming economy for individuals, we had it very bad but people were working or fighting and as you say the infrastructure was laid.
Once it was over the next cyclical wave kicked in and that is what helped us, the war was just a diversion.
The 10% unemployed will get jobs when it is financially profitable for the billionaires to create jobs for them. Until then they can bang on the doors of locked churches and beg for alms. Who needs public assistance when there are so many generous charities?
Will we ever move to a guaranteed income system? What are the implications?
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