Capital spending and GDP are showing nice gains and as the harbinger of things to come like employment and further growth in cap ex.
If your expectations are to return to the dot com boom and high wage rates for IT and computer professionals, then you are going to be disappointed. that industry has begun to mature.
What we need for another boom is another great idea. I don't see one coming soon, but it is quite possible. That is the American way.
From the article "another sign that the longest job-market slump since World War II continues." They acknowledge recovery lag but this one is overdue.
You are right about dot coms also another boom idea is needed but the Gore-Gingrich Third Wave Information Age is running on empty. The mouse engine is going nowhere.
Capital spending and GDP are showing nice gains and as the harbinger of things to come like employment and further growth in cap ex.
Capital spending is showing an increase and we may be certain th Chinese and Indians will experience a substantial rise in employment from these expenditures but if this were going to be having a significant effect in teh uSA it should have shown up in the employment figures by now.
If your expectations are to return to the dot com boom and high wage rates for IT and computer professionals, then you are going to be disappointed. that industry has begun to mature.
Rather than maturity of the industry a more fact based explanation is the criminal behavior involved in using H1-B and L1 visas to send these jobs offshore. maybe we need to put some people who order subordinates to commit perjury in jail.
What we need for another boom is another great idea. I don't see one coming soon, but it is quite possible. That is the American way.
Well we could always impose tariffs on those nations that have used currency controls and participated in criminal behavior.
How much of that is spent on goods that are produced in America, and create American jobs?
If jobs are permantly lost, and factories permanantly close and move to mexico and asia, resulting in fewer employed, and fewer goods actually produced in america, how is it that we can have a "recovering economy"? With declining jobs and declining production, it is not recovering, it is failing.