re: Increased productivity will result in less new jobs being created for each additional dollar of production. For people who haven't become more productive this is rough, esp. when unskilled or moderately skilled job face fierce competition from abroad, and from illegal immigrants, and from other Americans with more skills and and a more efficient, extensive, and/or up to date capital base.
Depends on how you define the premise, "increased productivity". The Chinese are not more productive per hour worked, but they are certainly more productive on a cost per product basis, because they work for scraps.
There is more to life than lower COGS. The American Dream is to raise society as a whole, not just the upper 1/3 or 1/2.
re: As for many of the jobs being government jobs, considering Bush' great increase in spending that isn't very surprising. Bush's inability to or unwillingness to control spending isn't the only thing that has disappointed me about Bush but its probably the biggest disappointment.
That is the primary libertarian issue, and Bush has underperformed almost every President in history. Certainly Clinton, who did a good job of limiting government growth. Remember the quote "The era of big government is over", he didn't anticipate Bush, Clinton had a balanced budget. Bush has grown government far more than Bush, he has just put the cost on the debt side of the balance sheet. It's still real money.
Why do you support Bush? |