Re:We’re not going to have a jobless recovery. We’re going t...
by Duff on Saturday August 06, 2011 @10:04AM
(#2853853)
The thing that's different today is that we've transitioned the economy increasingly to one where we provide services to each other rather than produce wealth.
In discussing potential Medicaid cuts in New York, advocates claim that over 12% of employed people in NYC are in healthcare. I have no idea whether that's true or not, but if so, it has real negative implications.
So its not technology that's the problem, it's the fact that we're going nothing to produce new wealth, and are exporting our wealth overseas via the importing of most manufactured goods.
In discussing potential Medicaid cuts in New York, advocates claim that over 12% of employed people in NYC are in healthcare. I have no idea whether that's true or not, but if so, it has real negative implications.
So its not technology that's the problem, it's the fact that we're going nothing to produce new wealth, and are exporting our wealth overseas via the importing of most manufactured goods.