Monday, September 13, 2010

More on Where do Jobs Come From?

I do not know where I picked this up, but it is still relevant. The last paragraph really scares me - or - it shows a reality we will have to deal with. Good Luck.

I am still looking for the one article/statistic/speech that tells me where the jobs will be coming from. All I can find is how many jobs per year we will have to add to pull even with the employment/unemployment status of many years ago.

"What America needs right now is not economic growth, it's economic development, which is defined as the development of economic wealth of a country for the well-being of its inhabitants. Normally a concept discussed in relation to developing countries, it is now clearly what we need in America after several decades of de-industrialization, union-busting, and exporting of jobs and manufacturing, and a dramatic widening of the gap between the rich and the rest of the population.

It has often been said that India's middle class constitutes a modern developed country the size of Belgium or Austria within a larger Third World country. America's poor constitute a Third World country the size of South Africa within a larger modern developed country. "

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