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View Diary: America's Bleak Jobs Outlook (9 comments)

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  •  "The" problem? There are multiple problems, no? (0+ / 0-)

    There are, all resolvable but they all require aggressive government action which is an unreasonable expectation. The deadly concentration of wealth, wages (lower demand), and political leverage/corruption is severe, as are the overall failures of governments in the developed economies to govern, as are deleveraging, globalization, global contraction (lower demand), technology, and productivity.  Increasing demand in the US middle class is not a solution but a stimulation. The economy can be bolstered with more capital flowing into the middle class but not fixed. A slow slog v. a slower slog seem to be the choices, especially without governance, for the next decade or  more.

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