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| Economy |
| From An Industrial Economy To A Paper Economy |
| 2016-09-07 |
| h/t Gates of Vienna ...Back in 1960, 24 percent of all American workers worked in manufacturing. Today, that number has shriveled all the way down to just 8 percent. ...No wonder the middle class is shrinking so rapidly. There aren’t too many cooks, waiters or retail salespersons that can support a middle class family. ...At this point, the total number of government employees in the United States exceeds the total number of manufacturing employees by almost 10 million ...You might be thinking that government jobs are "good jobs", but the truth is that they don’t produce wealth. Government employees are really good at pushing paper around and telling other people what to do, but in most instances they don’t actually make anything. In order to have a sustainable economy, you have got to have people creating and producing things of value. A debt-based paper economy may seem to work for a while, but eventually the whole thing inevitably comes crashing down when faith in the paper is lost. |
| Posted by:g(r)omgoru |
| #6 Remember the Old Soviet joke: "They pretend to pay us and we pretend to work?" |
| Posted by: magpie 2016-09-07 19:27 |
| #5 A better headline would have been, "From an economy based on manufacturing to one based on lies" |
| Posted by: Anguper Hupomosing9418 2016-09-07 17:12 |
| #4 Of course the service based economy also depresses wages because so little skill is needed to shuffle papers and sack groceries. Back when the libs were floating the idea of a service based economy rather than a nasty old smoke stack economy, many economists said it was a bad idea. It still is. Without manufacturing to require skills in math and science, there is no incentive to emphasize that in school, and you then get all of the soft curriculums for various ethnic studies and other nonsense in colleges rather than engineering, chemistry, and physics. There is just so many business admin and finance majors that the economy can absorb. |
| Posted by: Sock Puppet of Doom 2016-09-07 10:25 |
| #3 ...You might be thinking that government jobs are "good jobs" Not since June 30, 1992, dickhead. |
| Posted by: Raj 2016-09-07 10:05 |
| #2 ...oh, and taxes", to fund them. * printing money without backing creates inflation which is just another taking/taxing by government. I remember when they made whole copper pennies and silver dimes and quarters. |
| Posted by: Procopius2k 2016-09-07 09:14 |
| #1 While competition is part of the cause increased productitity is another. The increase in goverment jobs imo is due to two things. Increased regulation and empire building in agencies. |
| Posted by: Cheaderhead 2016-09-07 06:08 |