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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

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Nov 28 4:00 PM EST

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To: Snowshoe who wrote (103492)	10/30/2013 11:55:33 AM
From: Gemlaoshi	Read Replies (3) of 218107

Snowshoe, I'm just surprised that anyone is still surprised by the structural changes that the American economy is going through! Twenty years ago (1993), Peter Drucker identified the structural shift from a capital/labor intensive manufacturing economy with a well-paid blue collar middle class to a "mobile capital" model based on knowledge and skills. amazon.com As with all major structural shifts (e.g. agricultural to industrial in the last century) there will be many individuals and groups who fail to adapt. Drucker refers to this as a "barbell economy" with the former large blue-collar middle class either adapting and moving into the new economy, or falling into constant decline (and beans). Wishing for a return to manufacturing dominance is a pipedream, and hope that the untrained and unskilled will make a "living wage" just won't happen. Going back is not an option, and going forward is often uncertain and the best one can do is to remain adaptable. Drucker, in his wisdom, declined to "predict" what that future state would be. It will up to us to create it! David

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