Saturday, July 16, 2005

House of Labor: Up to Five Million Unemployed Not Counted

Interesting quote in the comments:

Also compounding the problem is that our economy has become increasingly a "service economy". The less goods we make the bigger the divide becomes between white collar workers and Walmart employees, with the middle shrinking. I don't think I can think of one single growth industry that requires skilled labor. In the 90's I thought it was going to be "e-commerce" but I don't see the growth in that industry presently. Not to be cynical but the Defense industry looks good for future growth. But can that sustain our economy?

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