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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (63019)	4/25/2010 7:14:57 PM
From: prosperous	Read Replies (1) \| Respond to of 218073

Good comment, the real challenge is creating jobs for those who have lost them. At this time we are pretending to have economic growth with only ~80% people employed, it may work in short term but I am not sure if it is sustainable to forget about 20% who have lost jobs and treat them as if they don't exist and move on happily thinking happy days are here again as the media seems to be doing. For a country that has thrived on innovation to propel the economic engine, there is tough sledding ahead mainly because: -with huge government bailout and ownership, entrepreneurship takes a hit -Manufacturing is largely outsourced, so those jobs are not easily coming back without huge attitude adjustment -Worker mobility which has been a huge US asset until 7 years back has gone away because of the housing bubble created from artificial low rates and people stuck with houses with inflated prices that they are hanging onto, thus getting labor where needed will be hard if if the need could be created -Research spending can see a lot of pressure and providing years of unemployment benefit (99 wks is almost 2 years) could also get people used to not working :-) potentially alienating those who are (this bunch gets taxed/ticketed/overworked by their state/fed govts/and employers). We can hope that the consequences listed don't happen but would be hard pressed to see how else it would resolve with current policies.