Posted on 09/24/2014 5:38:05 AM PDT by Enlightened1
In an apparent attempt to advise investors on how they can take advantage of America’s transformation into a neo-feudal oligarchy in a 50-page research report, Morgan Stanley has put together some very interesting charts.. We will be sharing many of them in the next few days but none is more telling and depressing than the one that shows how the U.S. leads the developed world in the share of low wage jobs...
(Excerpt) Read more at zerohedge.com ...
We have more high-paying jobs down here than we can fill. Maybe kids shouldn’t be taking social justice, art appreciation, marijuana growing and minority studies classes? Perhaps they should study engineering, the trades, IT, robotics, medicine or logistics...
We are going to end up electing a Populist Socialist rabble-rouser as our next POTUS. I can just feel it in my bones.
Would you like fries with that chart?v
Exactly, people blaming the government for their failings, or expecting government to magically create "good paying" jobs for them is THE REASON we are where we are. Whatever happened to personal ambition and rugged self-reliance? If you don't like where you are, it's on you to work harder and smarter to get to where you want to be.
I guess this means we should let in more low skill foreigners to fill those jobs so that Americans won’t have to sully their hands.
My Barbra Streisand meter is gesticulating wildly...
Every developed society has its share of low-wage jobs, and the more developed the society, the more schlubs are needed to provide low-wage services to the wealthy and/or professionals. I greatly suspect that the way European and east Asian developed societies measure their labor costs differs from the way the US measures its labor costs.
It's not all about kids being goof offs, they wouldn't be goof offs if there hadn't been a concerted campaign of brainwashing about how the "post industrial society" was going to do away with "smokestack industries" wherein we'd all have unicorns grazing on the lovely green grass in huge city parks and all live in "simply fabulous" new cities where people pursued their creative desires rather than working for a living.
What happened to parents making sure their kids knew they were going to have to work for a living instead of having a studio apartment, plenty of money, a nice set of wheels, and five days a week off to fulfill their inner self?
Policies and "cultural norms" that destroyed the family are the real root problem because that's what led to families where the kids are allowed to and even encouraged to live in fantasy land well into their twenties. At that point, the parents pretend they have no idea what went wrong.
JMHo
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