Skip to main content

View Diary: GDP Up Again; Job Growth Will Continue to Strengthen (110 comments)

Comment Preferences

  •  It isn't manufacturing vs services. (8+ / 0-)

    Most rich countries are heavily reliant on services and low on manufacturing, yet they still see wage growth while we don't.  France is a good example here (being probably the most responsible country in the world).  France is just as much a services-based economy as the US, yet France enjoys much more evenly distributed income growth.

    There's public policy at work there.  It isn't about manufacturing vs services.  

    Be nice to America. Or we'll bring democracy to your country.

    by Drew J Jones on Fri Apr 30, 2010 at 06:17:40 AM PDT

    [ Parent ]

    •  Technical Knowledge (0+ / 0-)

      France has a stable social policy, but no system is perfect.  Remember that heat wave a few years back.  People were dying left and right, because the French economy isn't designed to make rapid changes.

      In the US people would have been able to solve that problem quickly.  Generators could be built and air conditioners sold.  States would provide facilities.  One of the strengths of the US is the rapid pace our economy can adjust to new situations.

      Now in 20 years that might not be true.  Manufacturing and engineering are tied at the hip.  A society that lacks the technical knowledge that comes from designing solution and implementing them loses the ability to adapt.

      I admire France's social safety nets, and I advocate for many of the same here.  However, I don't want to see us become reliant on them at the cost of American innovation.  I firmly believe a skilled worker is the best asset to any society.

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site