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Chet Ruminski Wrote:
"but you can't force companies to hire supremely unqualified individuals"
Nobody has to be forced to do anything . Reward jobs producing investing and penalize uninterested investing and good paying jobs will spring up everywhere .
Who's doing the hiring, Chet?
What do you even mean by "reward jobs producing investing" anyway?
Every company other than social welfare companies aren't in it to produce jobs, but to make a profit! And those who work for social welfare companies aren't in it for the money, but to make a difference. (I can speak from personal experience after spending many years working at a group home for behaviorally challenged kids who were dumped by their parents. No worker there was doing it because we loved how much money we were making.)
You honestly seem to be stuck in the past, Chet. The types of jobs that were able to employ hundreds of thousands of individuals who had little to no education are gone and they are gone forever. You can insist! that simply "rewarding jobs producing investing" will fix it, but you are living in a fantasy land.
The factory line of yesteryear is now a factory line of machines working 24/7 which have a team of engineers monitoring them. The dam builder of yesteryear is now a team of machines. I can go on and on (and on and on and on and on).
Chet Ruminski Wrote: Jobs disappeared because incredible numbers of money has been taken out of the goods and services economy and stagnated in the futures financial trading, a huge unregulated financial sector.
That's an extremely elementary way of talking about a stubbornly complex issue.
I personally believe that jobs disappeared for numerous reasons. Americans demanded cheaper goods, so businesses packed up shop and moved their operations to third world countries. As the 20th Century moved along, technological innovation and the interconnection of the globe progressed at an exponential rate, too fast for some.
At the same time, our government hasn't prepared its citizens for the future they are now living in. Ever wonder why we need an H1B Visa in the first place? It's because we don't educate our own citizens in math and science.
I understand you are convinced that regulating the financial industry more will magically cure every ill facing our society, but I just don't see it. That may have worked in 1933, but it's not going to work in 2018.