In my lifetime, we moved from an industrial economy to a service economy. We stopped briefly at a service economy and are now becoming a knowledge economy. Each step requires further education of the populace. Times change. We can't always have factory workers making a middle class salary enough to support a family, buy a house, have a couple of cars and send their kids to college. Our advantage over the rest of the world is our focus on the free market and the celebrating of the individual, which encourages innovation. We'll always lose jobs to cheaper labor abroad. The key is that we're focused on what's next. The reason we're stagnating is our current administration isn't focused on what's next, but on trying to save what existed in the past. And where they are focused on what's next, they're trying to dictate it. Let the market decide what's next and we'll thrive.
So, they should focus on what's next, but not actually do anything about it? Just sit and think about it? barfo
If you look at the Hamilton Project report the decline in middle class has been occurring over a several decades.
I was sort of thinking the same thing. What good does it do to be simply the innovator and not the producer? That's where we have failed- and continue to do so.
