Quote:
Originally Posted by wig
Why are so many of you fixated on a manufacturing based economy?
The US is already the 2nd largest manufacturer in the world, having only recently lost the number one spot.
There is nothing wrong with an economy deep in services and technology even if the unskilled manufacturing is elsewhere.
Yeah, it sucks for the unskilled American, but there will never be enough manufacturing jobs in the US to replace all those that lost jobs no matter how low the dollar goes.
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because a great % of families from post-war America, what most look at as the glory days, attained the American dream with factory jobs or jobs spun off from factories.
service industry jobs are low paying jobs for the most part.
here's another example - i have a friend with a small computer business, he needed to hire a minimum wage employee to man the shop and do minor computer repairs and services for customers. he got applications from adult males in their 30's and 40's who were way overqualified with impressive programming backgrounds. one younger applicant had lost his job with Geek Squad as did many others he worked with at Geek Squad. Why? There's a little gadget Geek Squad has that plugs into a PC, it allows low paid Indian techs to repair home computers.
Technology is going to allow this to keep on growing. You have a population of 330 million people, once you get past the professional careers (doctor, lawyer, dentist, accountant etc) what's everybody else supposed to do, cut each other's hair, make each other sandwiches?