Zeev's Turnips Patch-No Politics (ZEEV)

[gtober]

ajtj, I know what you are saying. However, if the manufacturing base erodes too far, not only does this become a national security issue, but too much of this sector is removed from GDP and all the service jobs in the world won't save us. Florida is a tourist trap, and it attracts lots of money from old folk and other rich folk who made their money in other pursuits. It's region specific.

The same arguement that applies to the credit bubble also applies to the job erosion in America. It's fine as long as conditions are favorable, but once the point of inflection is reached, it will become a serious problem. It is not a recipe for stability.

BTW, one of the main reasons tradespeople are being paid so much currently, aside from the housing bubble, is the fact that so many people over the past 20 years were told computers would provide endless jobs for the foreseeable future. That isn't working out either.

Now, considering that mansion you're living in, would you care to clue me in as to what job I should be applying for next. :^))

Or is it trading prowess. :^)