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To: PUGACHEV
FACT- Job prospects are awful for Chinese youths. China's urbanization strategy has resulted in oversupply of labor. Average Chinese college grad earns pennies more than a non-grad. Housing is so expensive, people have three hour commutes to the prime cities. If you move in China, jobs are harder to fine as the government barely acknowledges your existence.

Meanwhile back in the US, jobs have become so technical that a HS grad doesn't qualify for your average manufacturing job (read the article posted). What is the government's response? You would think loans and support for technical schools- not everyone is college material. But the government's response is college education for everyone under the umbrella of jobs and opportunity but in reality fed loan program is to prop up bloated University budgets. The result is huge college loan debt for worthless social science majors which US Universities are cranking out to support inflated budgets.

To make matters worse, the government counts these majors as STEM grads (really, the government does this) and publishes that STEM majors are having a hard time finding jobs in their fields. THE SOLUTION, blame trade!!!!

42 posted on 03/18/2016 6:18:03 AM PDT by 11th Commandment ("THOSE WHO TIRE LOSE")
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To: 11th Commandment
Your post is more sensible than 90% of FR's commentary on the subject.

The Information Revolution has left even more people behind than the Industrial Revolution. Google is the greatest job-killer in American history - replacing millions of white collar workers who used to be paid to sit around and "know stuff." As companies completed their process automation in the 2000's, reusable software libraries replaced the high-wage knowledge workers that had helped build them at an even faster rate.

Beyond that, more jobs have been destroyed by labor unions, the EPA, and the IRS than by all the trade deals ever signed.

Our problems are partially self-inflicted. Perhaps we will break through to a time when few people have to work at all, and new machines will produce goods and services for most people virtually free. But I think te world has reached the end of the Era of Mass Employment, and the adjustment ahead will be even more difficult for heavily populated countries like China and India than for us. That's why the elites want to kill off 90% of us, somehow.

44 posted on 03/18/2016 6:34:41 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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