This month, reports tell us American industry lost 100,000 fewer jobs!
Everybody is jumping up and down, hootin` and hollerin` that "finally" we`re starting to see the end of the "recession." At last, things are starting to look up because we`re not hemorrhaging jobs and workers!
Okay. So I accidentally get tangled up with a chainsaw, slice off my arm and two legs, then gouge a canyon across my stomach. Blood fountains around the yard, gallons at a time. I happen to live behind a hospital, and some surgeons happen to be having a smoke when they see this happen.
The good news is that I`m going to be alright! They`ve stopped the blood!
I wonder if anyone is concerned that we`ve now lost about SIX MILLION jobs over the past year!
Figure there are about 350-million people in America. Of those, only around 150-million people "can" work. That`s not to say they DO work, only that they`re capable of working.
How many people are left to make up the pool of workers keeping the country going?
Personally, I think we`re going to lose the middle class entirely. It`ll be replaced by a "political class" of bureaucrats. You`ll either be "rich," meaning you`re a politician. Or you`ll work for the government in some capacity.
Everyone else will be living at a subsistence income, barely scraping by.
Meanwhile, America will basically lose a tremendous amount of actual value. Things like market-value of homes, cars, machines, infrastructure, an so forth.
What can we do about any of this?