Originally Posted by itstarted
The last paragraph:
Quote
Or alternatively, admit that full employment is no longer plausible, so we will build a strong social contract -- of training, guaranteed income, health care -- for those discarded from the workforce. Let's have the debate -- for the one choice that is socially ruinous is the one we seem to be drifting towards -- mass unemployment without a safety net.

There are many reasons for most observed phenomena. IMO a big reason for this situation is that we have decided to outsource huge swaths of our economy. That all works out well for corproations... their profits swell. It is also nice for us since we can buy cheep products at WalMart.

It all seems wonderful in a bubble economy since there are lots of jobs... and the displaced workers have other jobs available. But when the bubble pops.... those jobs disappear... and the outsourced jobs are a distant memory


"It's not a lie if you believe it." -- George Costanza
The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel