This is a classic case of using statistics to prove anything. Start with a conclusion and work backwards..
I’m in my mid-50’s and have been through numerous economic cycles in my life. What I do not see on the horizon this time is a “new boom” industry to bring us back. Perhaps it is there and I don’t see it. Nanotechnology? 3-D printing? Synthetic fuels? The vast majority of jobs that have been lost in this downturn I don’t believe will ever come back. Most of those jobs have been replaced with automation.
What I do not see on the horizon this time is a “new boom” industry to bring us back.
What is different this time is we are now a now a fascist country with Government controlling EVERYTHING.
The never ending chase: “I’ve got to have something to do and make lots of money at it.”
If one farmer has the technology to process food for 2,000 people, at what price should those people receive the benefits of his work so that he is fairly compensated and they are fed?
To the extent technology and manufacturing make the availability of goods easier and cheaper, there may just be a lot of people with “nothing to do.”
The problem with that, though, is how much there is to do in the way of serving others, even if only compensated with food, clothing, and shelter.
My town has a fairly high unemployment rate. Those who are able-bodied and unemployed may prefer to sit around and collect benefits, but that does not mean there is no work for them. They could start by doing some general cleaning around town.