> A lot of those jobs were bubble-related and not in manufacturing. Mortgage brokers and real estate agents do not make for a strong economy.
“Not in manufacturing” = “bubble-related”? What does that mean? A biotechnology engineer is “not in manufacturing”. Is that not a good job? How about computer or communications engineer? Researcher? Personally, I would rather be a mortgage broker than work in a steel plant. At least I would like to have that choice.
At present time the number of Americans with college degrees is something under 25%.
To be perfectly frank on the subject, that means 75% of the population can’t be a computer or communications engineer, biotech guy or researcher.