Archive for culture
Paul Krugman and all of the other author economists are great at reporting facts derived from statistical analysis. We all appreciate their ability to tell the truth based on the numbers. Unlike engineers they aren’t trained to use their numerical findings and derive solutions.
Per the article from Bob and Carol “The lack of jobs will curtail consumer spending, which accounts for about 70 percent of the world’s largest economy”. The US requires consumer, not necessarily jobs.
Simply stating that the US needs to create jobs won’t help. Every nation needs to create jobs per free-market capitalism’s philosophy, right? (rhetorical questions…gotta love em’). Is it possible to actually create jobs in America? On page 56 of Integrationalism: Essays on the rational of abundance I start to elaborate on how our technological zeal couples with operational efficiencies won’t allow for creation of gameful employment in the modern day.
Succeeding a trilogy of “jobless recoveries” (00′, 04′, 10′) the money supply if greater than where it was in the roaring 1990’s…lol. But the bureau of labor statistics reports that the ratio of population growth versus job creation is 2:10 –> Further, the people born in 1990, who are of working age today, can expect to be surrounded by greater wealth and less access to it.
The philosophical question here is: Should the 20 y/o population of 2010 expect to work on jobs, or receive some universal welfare?