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.