| Creating the Jobs America Needs |
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Sun, Nov 22, 2009 - 09:38 AM | Posted by Carolyn in Economy |
Huffington Post blogger Bob Burnett opines on creating jobs in America, short term thinking and self-interest:
"While financial markets believe the great recession is over, millions of Americans continue to struggle. Unemployment is 10.2 percent and the more inclusive measure, underemployment, is at 17.5 percent. America's jobs crisis is both a short-term and long-term challenge
A combination of circumstances brought us to this point. There's been a long-term decline in manufacturing jobs, which were replaced by employment in service industries: fathers who worked on Detroit's assembly lines making buses saw their jobs disappear and their sons and daughters employed driving buses. The US shifted from producing goods to providing services.
At the same time, we became more consumption oriented and less inclined to save. There was a fundamental shift in our values: Americans increasingly took a short-term perspective, went into debt to finance their lifestyle, and placed primacy on self-interest rather than the common good."
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Tags: Unemployment, Manufacturing jobs, Service industries, Common good |
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