The offshoring of high productivity, high value-added US jobs has destroyed the labor movement. How much luck will labor leaders have organizing people who hold part-time jobs as waitresses, bartenders, hospital orderlies, and retail clerks? As I have pointed out for years in my reports on the monthly payroll jobs reports, the United States now has the labor profile of a Third World country. The absence of jobs that can support an independent existence and family life is the reason that more Americans aged 24-34 live at home with parents than live independently. The absence of jobs is the reason the labor force participation rate has declined for years. The absence of jobs that pay sufficiently to provide discretionary income is the reason the economy cannot grow.
Looking at last Friday's BLS payroll report, the jobs are in the lowly paid, part-time service sector. The goods-producing sector of the economy lost 24,000 jobs. The jobs are in retail trade, health care and social assistance, waitresses and bartenders, and government which is tax-supported employment.
Whether Washington policymakers realize it or not, the American work force smells like India's of a half century ago. Whatever deranged Hillary and her neoconservatives claim, there is no evidence in the composition of the US labor force that the US is a superpower. Indeed, what the employment statistics show is that the United States is a third world country, a country whose leaders are so out of their minds that they are picking fights with first world countries -- Russia and China.
The United States of America is on its last legs. As there is no willingness to recognize this, nothing can be done about it. America's last function is to cause World War 3 in which all of us will expire.
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