Sunday, October 23, 2011

A Little Light in the Dark

Ambrose thinks that world power will swing back to the US soon due to energy developments, US wage competitiveness and re-sourcing, and demographics. A bright story in an otherwise gloomy time. 800,000 new manufacturing jobs would be wonderful news. But the US has 30 million un/under-employed! And wages are down. Does competitiveness help if the middle class continues to shrink as all profits flow to the crony capitalist elite? How many of those manufacturing jobs will go to Mexicans?

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