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Originally Posted by wig
At one time there were a lot of blacksmith's, too. If you disagree that this is taking place, then elaborate..
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An economic transformation is happening of a type, and on a scale, that humans have never seen, it's a complex transformation caused by many interacting forces, so, yes, something is "taking place" that changes everything that americans thought were stable.
But, the "solution" of retraining for high-skill jobs that you describe, while it's commonly said, will only work for a few. And I gather you know why it will only work for a few.
A question is, why are we as a people unwilling to tell ourselves the truth about what's taking place?
Quote:
Originally Posted by wig
people who will be dislocated that will most likely have to be addressed by political responses rather than economic ones..
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Yes, a political response, and I like how you casually walk past the question of what type of political responses have a chance to work.
Our nation is not politically mature, intelligent, or experienced - so we've caught ourselves in a trap.
We are watching a cold war between managed & semi-managed economies and unmanaged & semi-unmanaged economies.
But as a people we have defined ourselves as being unwilling to manage our economy. A bit like bringing a knife to a gunfight.
Quote:
Originally Posted by wig
unfortunately, the US is not currently in a great position to address these dislocated workers because of the fiscal irresponsibility that has been in force for decades.
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There are a lot of things we are not in a position to address because of what we chose these past decades.
And chances are good our economy is going to have to shed another 10+ million workers or more in the next decade to compete with the managed economies. And again the decade after.
It will be interesting to see what happens when the shed workers and the oncoming generations truly understand what's happening.