For a variety of reasons, we are not producing at a given level of economic activity the jobs we used to have.
Sentiment: NEGATIVE
As the economy improves, there aren't as many opportunities.
Increased jobs are the consequence of increased trade. Increasing jobs more than output implies a fall in productivity and standards of living. That surely cannot be our goal.
One cannot find a healthy economy anywhere in the world that does not have a strong industrial base, period.
We aren't leveraging this great economic engine, the strongest economy in the world. And yet we have this totally weak response. We import $500 billion a year more in products than we export.
In the industrial world we have the problem of having more productive capacity than we know what to do with. That's at the root of the unemployment crisis: we've got so productive at making things, we don't require people to be involved in making the basics of life any more. Or nearly as many people.
If we're not creating an educated and skilled workforce, there is just no conceivable way that were going to be economically competitive.
We have seen economic growth. But we have not seen earnings growth.
We can choose a future where we export more products and outsource fewer jobs. After a decade that was defined by what we bought and borrowed, we're getting back to basics, and doing what America has always done best: We're making things again.
If we want to deliver opportunity for all, we need an economy that delivers jobs for the future.
Nowadays, business is all about productivity - and our folks produce.
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