Some segments of the govt are helping push us to a service oriented economy, away from a manufacturing ecconomy.
In some ways that happens naturally, manufacturing always heads to cheaper resources and cheaper labor. And what manufaturing stays will always adapt more technology and automation.
But it is very hard to replace manufaturing jobs.
Service jobs have no root to them. They are there to serve between manufaturing and consumer. All by themselves, they fall flat.
The ecconomy needs to come out of the ground. Farming, fuel, timber, mining. Raw resources turned into real goods is the strong foundation of an ecconomy.
We in the USA have overpriced labor, and we are in the process of banning mining, timber harvest, and farming.
That leaves very few people who will be able to afford to buy the stuff we import from China.
Which really has our ecconomy fall flat on its face. It is currently propped up with hidden inflation and govt programs, but eventually all that 'good will' gets spent and we have to face reality. (Not a political rant exactly - both sides of the isle are willing to spend away our good will and future for short term gains and mirrors that make us look good for now.....)
Japan experienced this some time ago, when their cheap labor force became an expensive labor force, and they have few raw materials to work with. They have a very stagnant ecconomy, for decades. They get by, but there isn't much to look forward to. They spent all the fun money, and are only able to plod along.
We are on the exact same path. We do have raw materials we could work with, but we are choosing to abandon that.
The future is pretty clear, tho not exactly which bits and pieces happen to us.
It will be interesting.
The local regional shopping town has its mall losing a large Sears. Other big tenants are a book store, a sports and hunting store, a JC Penny's, and a Target store. Three of those 4 are on declines as well? How long does the mall last?
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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