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It's true that I tend to take a narrow economic view of exported 'service', but that's because the kinds of people displaced by this recession, and the ones lik
by jeromec 17y ago
It's true that I tend to take a narrow economic view of exported 'service', but that's because the kinds of people displaced by this recession, and the ones likely left out of finding work in a transformed economy would not be the ones that are highly skilled/technically inclined.
- fauigerzigerk 17y agoThat may be true and it's why a GDP recovery is not necessarily a jobs recovery. It could very well be that the US manages to export more, import less oil, turn the current account deficit around, and still suffer from high unemployment.
- jeromec 17y agoI completely agree. I don't know where many jobs would come from, if not created by consumer demand. Even with a weakened dollar American workers will not be on par with Chinese workers, and there won't be enough high paying jobs to go around.