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Old 02-08-2016, 04:24 AM  
Paul Markham
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Join Date: Jun 2001
Location: On the sofa, watching TV or doing my jigsaws.
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Unemployment and low skilled/paid in the West are growing problems. This will get far worse and grow faster than GDP does. So the gap between the haves and have-nots will widen. Plus the middle classes will shrink.

Because most of our manufacturing jobs have gone to the Third World. Many jobs require a high level of education. And there's not a lot left.

Even higher education and re-training won't solve the problem. Companies like Boeing and Apple have high skilled people in the West, creating the new products and improving existing. Soon those departments will move to the Third World where the production plants are.

To employ people building houses, plumbers, electricians, auto repair etc. We have to have a rich consumer base. That's shrinking and will continue to shrink as those jobs disappear. Not all, just enough to make more impact. There won't even be as many jobs in Starbucks and Macys. Because their won't be enough customers to warrant so many staff.

Look at trade figures from 1965 to today and see the next 50 years if we keep to this path.

And forget about selling porn or dating memberships in the same quantity.

The shrinking Middle Class.

The Growing Poor Class.

US rich and poor gap.

And anyone who thinks politicians who are rich or bought and paid for by the rich, are going to change anything. I have a few bridges and a river to sell to them.
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