It is a factor, but it's a structural issue, and economists have been arguing over structural issues for the past ten years or more, with the dominant position now being that structural changes do not explain what's happening to our economy.
However, "structural changes" cover a lot of territory in economics. The big ones that economists are arguing about are things like offshoring, big changes in monetary policies and interest rates, globalization of supply chains, and so forth.
What we're talking about here are technical changes that you, Iggy, me, and many others here experience first-hand. Collectively, they look minor. Individually, at the micro level, they are huge.
And we're talking about jobs that have large employment multipliers. Manufacturing is one of the highest, or maybe the highest of all.
So my gut tells me that it's being mistakenly overlooked in a lot of high-level economic discussions. But they have better grips on the big picture, so it's not something I'm about to argue.
Ain't dat de trufe? And so many kids go through college seeking a librul arts degree and then wonder why they can't find a job after graduating. It seems that the bleeding heart job market is saturated.
Verily.
They're also the type who get the first and best raises, become managers, and so on. Capability, hard work, and willingness are rewarded.
Until he goes on the dole, all the while screaming about no jobs to be found and demanding his "rights" since "we _owe_ him"...
Very nice. I save too. And I was, so far, moderately lucky with my choice of what to invest in and, more importantly, what not to invest in.
However, I have seen enough to realize that a couple of instances of "bad luck" can ruin everything when it comes to savings. For example, a divorce and a health trouble.
Bookmarked!! Thats some really cool stuff! Thanks!
I Love this!!
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"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state. Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic problem of Socialism, until it becomes obvious that nothing has been changed but the name. The most recent slogan is "State Capitalism."[Fascism] It is not commonly realized that this covers nothing more than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy, and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism. - Ludwig von Mises (1922)
"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state. Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic problem of Socialism, until it becomes obvious that nothing has been changed but the name. The most recent slogan is "State Capitalism."[Fascism] It is not commonly realized that this covers nothing more than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy, and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism. - Ludwig von Mises (1922)
This was actually posted very briefly on the McDonnell Douglas website by an employee there who obviously has a sense of humor. The company, of course, does not - and made the web department take it down immediately. __________________________________________________________________
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How is that you idiots are at the same time you're whining about failing to make a decent living? Why do you like deadbeats who don't pay taxes or healthcare insurance and who'd rather spend their days telling ridiculous lies? What's your explanation for wishing that the people who've done better than you to be killed? Why do you run away from the most obvious questions but spend countless hours talking total horseshit as if it were true?
"The socialist movement takes great pains to circulate frequently new labels for its ideally constructed state. Each worn-out label is replaced by another which raises hopes of an ultimate solution of the insoluble basic problem of Socialism, until it becomes obvious that nothing has been changed but the name. The most recent slogan is "State Capitalism."[Fascism] It is not commonly realized that this covers nothing more than what used to be called Planned Economy and State Socialism, and that State Capitalism, Planned Economy, and State Socialism diverge only in non-essentials from the "classic" ideal of egalitarian Socialism. - Ludwig von Mises (1922)
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