Quote:
Originally Posted by vision33r
We're in a economy that rewards investment income and punishes workers. People that work in money management business cannot figure what to do with all this cash as they've collected loot from all the cheap loans they can get by borrowing. These industries do not create jobs, because all this cash is generated by paper not by productivity.
Middle class especially those starting out cannot compete in this new economy because there are no net positive job creation. There are more jobs being moved overseas or across the border as well as automation replacing starting jobs. What we have today are either specialized jobs that require 5 years of experience or gigs that people get paid for limited services.
Big companies no longer go to colleges are hire hundreds of students to replenish their ranks because too many positions eliminated and too many boomers continue to work as they can't afford to stop working.
If you heard what Donald Trump has said not about immigrants but about the Federal government's role in keeping interest rates super low to keep the establishment happy. The longer we stay in a low interest rate environment the longer the income inequalities.
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When I graduated in 2010, the business school I was graduating from posted long dot matrix printouts of available jobs. All I can assume is they basically dumped the local Indeed into a CSV and printed it out. They made it look like jobs were hanging on trees. Of course there was little to no hiring then.