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View Diary: In case you didn't know this from personal experience, lower-wage jobs have replaced the lost ones (57 comments)

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  •  Back to where we were in terms of number... (5+ / 0-)

    ...of jobs we had in December 2007. But during that time, from population increase, we've developed a 7.4 million jobs gap. In other words, to keep up, we should have created about 16 million jobs over that 76-month period.

    Don't tell me what you believe, show me what you do and I will tell you what you believe.

    by Meteor Blades on Thu May 01, 2014 at 12:49:26 PM PDT

    [ Parent ]

    •  MB, do you think we can grow our way out (1+ / 0-)
      Recommended by:
      JG in MD

      of the economic problems?  I don't see how the expansion of the economy can continue on the old models.  I don't see how we can have, for example, a growth in medium-paying factory jobs like I had in the early 70's with General Motors.  I was a kid right out of high school and went to work making enough money to buy a house, a car and raise a family; and if my wife worked at RCA down the road we'd do really well in midwestern America.  Now, GM makes more parts than we made then with 25% of the labor population and the RCA plant is a burnt out husk.

      If we were going to keep up with the growth in population just by increasing jobs, then we'd need to require something more than 4X the number of car parts to account for the growth in productivity.  Even if that were feasible by increasing exports for example, where would the resources come from, and what would the cost to the environment be?

      The degradation of the real economy is well-hidden.  I'm a fairly high-paid professional now, and my earning power as measured by my ability to buy a house, raise a family and enjoy a solid middle-class existence is surprisingly similiar to what I had when I was a recent high school graduate working on the assembly line.  The work I have now is much more intrinsically rewarding and living in the SF North Bay is more expensive than living in Middle Indiana was 40 years ago, but what I would once have considered nearly untold riches is surprisingly precarious.

      I've been poor enough to be actually hungry and slept in my car in a friend's driveway for a while, so I am very cognizant that I'm fortunate, but 10 months of my rent now would have bought my house in 1974.

      I'm curious to know you position on how we go forward and try to end the misery of poverty and still have a world that is worth living in environmentally.

      "I said, 'Wait a minute, Chester, You know I'm a peaceful man..." Robbie Robertson

      by NearlyNormal on Thu May 01, 2014 at 01:37:22 PM PDT

      [ Parent ]

      •  There is no doubt we need a shift... (1+ / 0-)
        Recommended by:
        NearlyNormal

        ...of major proportions and it must take into account the environment (not just because of climate change but resources in general, by which I mean having healthy ecosystems not menaced by additional development).

        A society in which education, food, health care and decent but not extravagant housing are part of everyone's birthright would reduce the need for having as many full-time jobs, reduce the pressure on the atmosphere and still provide a good life.

        Getting there, however, in the face of an international ruling class and their puppets mired in the old paradigm, is the rub.

        Don't tell me what you believe, show me what you do and I will tell you what you believe.

        by Meteor Blades on Thu May 01, 2014 at 02:44:33 PM PDT

        [ Parent ]

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