i’m not going to argue. The point is and always will be jobs. We had a massive middle class because of jobs and it’s shrinking into poverty year by year.
The massive middle class was not created by "jobs", it was the result of productivity.
Our middle class is shrinking and it will continue to do so until the average worker in China or India has the same standard of living as the average worker in the U.S.
The U.S. was able to build a thriving middle class because of the cultural advantage of liberty and a relatively free marketplace. This was at a time when China was ruled by warlords and India was dominated by an occupying military force.
Now that the fundamental constraints on productivity in China and India have weakened, they will continue to gain and we will be challenged to stay competitive. There is absolutely no way around this economic reality.
High taxes are a drain on productivity. They will be reduced through necessity, much as the taxes in Detroit will be reduced.
Unrealistic environmental expectations are a drain on productivity. These regulations must be eased.
Entitlements are a drain on productivity. They must be reduced or eliminated and eventually they will.
Undeserved wealth in the form of unrealistic pension obligations must be pared back.
The rising productivity outside the U.S. will be the major force dictating the direction of the standard of living for future Americans.