Part of the "Problem"

"Too much capitalism does not mean too many capitalists, but too few capitalists." - The Uses of Diversity, 1921 - G.K. Chesterton


If you are waiting for the so-called "recovery" to bring jobs your way, I would advise against holding your breath. Let me list a few thoughts to ponder.

Inflation - Forget the "official" rate, its a lie and a joke. Rising commodity costs combined with a reduction in shipping indicate that inflation rather than demand is causing prices to rise. The continues to devalue the dollar in an effort to increase exports, unfortunately most of the basic machine tool equipment is priced in the Yen or the Euro. Yep, a lot of the items we need to grow industry cost more. It's not as bad if your job description includes saying "You want fries with that", but the type of post-WWII prosperity requires manufacturing and that requires capital. Capital that we buy in non-dollars and pay for with less valuable dollars.

A jobless recovery is a oxymoron and anyone touting this as a good thing evidently doesn't work for a living. This is a large corporate view point. Warren Buffet and Chinamart both are doing fine in this so-called recovery, but I bet you are not. Large companies automate rather than hire people, a lot of jobs disappeared to robots and computers and they aren't coming back. The company I work for would rather spend a half-million dollars on robots then hire more people, so I know what I'm talking about.

There is more to this thought, but it's snowing and I have to head out, so maybe later.

R.E.A.L