sportsguy

We're in a Pattern of Increasingly Longer Employment Recoveries

The more capitalizm looks for cheaper sources of equivalent labor, and the US is one of the more expensive labor pools, the only change will be if the chinese unpegs their currency from the dollar, because then it will go higher, and then chinese labor + transportation will start to get a more equal playing field. . . ./

the issue is that the US employed doesn't want to take the equivalent hit to their incomes that are necessary to bring US jobs back from over seas, because then eveyone will default on their mortgages. . .

unemployment insurance is the ONLY recession spending that the US should undertake, and the US should tax the public company bonuses at much higher rates, as well as increase the FICA payment limit to unlimited, so that the unemployment and SS funds will be around when we HAVE to retire