[LowCountryJoe]

the so-called productivity miracle is a direct result of offshoring - US corporations offshore jobs to lower wage countries, so of course their productivity numbers go way up, especially when they offshore low productivity work like customer service call centers, IT infrastructure maintenance, white collar back office accounting tasks, etc. and those wage savings go right to the bottom line also, profits are up for the same reason, as is executive compensation.

Thank you for making the case for a dynamic labor market and structural change of production. The allocation of labor resources are being reallocated to their most efficient uses. See, markets do work just as learning can occur (as you have properly demonstrated).

[oceanview]

it works ONLY when new jobs are being created here in new, high multiple industries - remember the promise that the US would have "knowledge jobs" to replace manufacturing? OK, now we are sending those jobs offshore too. So what's left for the future?

The growth areas for employment tell the story: retail, government, education, travel and leisure, financial services, food service, health care. Your free market miracle is providing the US with service jobs for its future. That's where your whole model is breaking down. Or rather, you understand this is going on and you accept it. Which is fine, at least that's an honest position to take. But also accept the side effects of what that will bring to this society. That's all I ask of you guys - accept it, just don't tell us it isn't happening.