Why the industy is down (in the US)
deogol
Michigan
http://www.breitbart.com/Big-Government/…
<i>On Friday, the Labor Department reported that 720,000 Americans left the labor force. This exodus pushed the labor force participation rate down to 62.8%, the lowest level since 1978. One out of three adults in neither working nor actively looking for work.
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The adult population, however, grew by 213,000, meaning that the better than expected jobs number fell short of keeping pace with population growth. The economy needs to add many more jobs to bring discouraged workers back into the labor force.</i>
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To its credit, the Obama administration has been successfully increasing manufacturing jobs, but not yet at a pace to counter the unemployment rate.
That's the sentence that jumped out at me.
We're definitely are living an entitlement-driven society. I cringe when I see young people on Facebook posting pictures of their 60" big screen TV's and $5000 leather sofas while living in Section 8 housing and receiving food stamps and cash assistance.
@gawker: loss of manufacturing hurts, true. But the biggest problem we have is giving away our educational edge. America (and Russia to a certain extent) had a lock on the smartest minds in the work for a long time with the space race and the cold war. Nowadays, we educate Chinese and Indian college students for FREE, often on government grant fund (read your tax dollars) and the they go home and help build up those countries. WTF?
next time you're bored, do what I do and look at the PhD candidates of some of the top schools in economics, financial engineering, operations research, etc...
90% of the students, 5% are from India, and the remainder from other countries. Maybe, just maybe, there might be one or two kids from the USA.
We need to get more Caribbean Latin and African women immigrating. More sex positive = better sex workers.