Now that housing is dead I keep asking "what is the next big source of jobs?" No one has yet come up with an answer.
It clearly is not Wall Street, financials, credit card growth, consumer spending, retail, commercial loans, leveraged buyouts, or capital spending. Whatever it is (if it is indeed anything at all) can it possibly make up for expected declines in housing, financials, credit card growth, consumer spending, retail, commercial loans, and capital spending?
Health care has been strong. But can it make up for declines in all the other areas? It does not take a genius to figure out the answer to that question is no. We all can't get rich off Medicaid and Medicare can we?
I agree. There is no segment of the economy that has clearly demonstrated it can be the next big wave of jobs growth. And that should concern a lot of people.
4 comments:
Food is a growth industry as long as the population keeps increasing. In our culture, prepared or fast food will almost certainly keep growing. It's not like the manufacturing, but it is a job, often with some benefits.
Investor should also be open to opportunities in the food industry; seems to me - e.g. Olive Garden is growing.
What if this were not on issue? What if "alternative energy" finally actualized as the next big thing?
Imagine: A boom in technology jobs, sales jobs, installation, training, adaptation support --
Oh, wait. No. I'm sure that already in some secret rooms the powers that be have figured out how to get out of paying people to do these things as soon as the work materializes.
Until we slay forever the dragon that desires to make slaves of people, a tsunami of job growth will still be of no use to the economy.
Workers are the veins and arteries of economic circulation. When workers are paid badly, the economy cannot be well.
Yet another reason to get off the "cheap" oil tit and create a lot of jobs in the alternative energy economy.
Big oil is killing us sending our jobs overseas since imports seem cheaper since oil is "cheap". Big oil needs to pay for its own war for oil so we aren't footing that bill for them...
Well, post-peak oil farm labor will be huge...
But that's probably, what, five years off? ;-)
Post a Comment