Reasons the World is in trouble. The US is just an example and other countries have followed a similar route.
60-year-low tax revenues contribute to deficit growth
The Truth About U.S. Manufacturing
These parts are very interesting.
Quote:
The average American factory worker today is responsible for more than $180,000 of annual output, triple the $60,000 in 1972.
This is a particularly sensitive topic in my hometown of Flint, Mich., where auto-plant closings have meant lost jobs and difficult transitions for the displaced. But while it's true that the U.S. has lost more than seven million manufacturing jobs since the late 1970s, our manufacturing output has continued to expand.
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I think the writer is saying less people doing more work, making more goods, profit, etc. With less workers.
And the workers thrown out of a job.
Quote:
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Displaced workers learn new skill sets, and a new generation of workers finds its skills are put to more productive use.
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What new skill sets, flipping burgers. Inform me of the new skills sets required with industry needing less people.
And to top it all.
But let's cut food stamps and other peoples jobs.
Must be great to live in some countries where people share the blame and don't point fingers at everyone else.