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Chet Ruminski Wrote: The biggest fake that will hit the fan is the lots of good paying jobs. Trump subscribes to tax cutting trickle down prosperity. Whatever the excuse for not producing lots of good paying jobs will be a classical textbook double talk. Lots of good paying jobs will require a sizable investment from a market that is happily smug dancing around 20,000 with almost no jobs investing at all.
Chet -- When you say "almost no jobs investing at all" you are missing the point of my post. Taking Krugman's "75,000 Americans laid off or fired" as being typical of our economy for anyone day, that means for a typical month like December some 2.33 million Americans were laid off or fired. That's a huge number for one month. Yet we also know that a net 156,000 jobs were added to the payrolls in December, or more accurately some 2.48 million jobs in total were added in December. That's even a bigger number...new investment that create jobs.
The numbers demonstrate the changing demographics, shifting populations, and market forces at work across the country. As the population ages, certain neighborhoods or communities become older, schools close, and restaurants and shops close or adapt to the needs of their older customers. People and businesses relocate to parts of the town or different cities which have a younger and more vibrant demographic. In other words, they migrate. Out with the old...in with the new.
In the neighborhood that I live in there used to be kids up and down the street. Now there are next to none, except for one couple who recently moved in across the street with two preschool age kids . On Halloween we sometimes get just one trick-or-treater instead of dozens. My neighbors are getting older...senior citizens.
On the other side of town, homes and schools are being built at a rapid pace. Small strip malls are being built. New restaurants are opening, new super markets are opening -- it is growing while my neighborhood is stagnant. That analogy can be applied to a bigger geographical area...the country as a whole.
The US economy is thriving and those who choose to follow the money into these new centers of prosperity can find that there are opportunities to share in that prosperity. Those who stay behind, are often left behind...unless they can find ways to revitalize their communities. My city is growing, but I know that our gain is at the expense of some other city that is declining.
That's the way market economies work. On the other hand, an economy controlled by a centralized government such as China can find investments made in entire cities, which remain almost empty of people.