Reply to Wow! Anyone else listen to the Diane Rehm Show today?

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[quote=Anonymous]The US will never be the same.  There is no impending next big thing that will spur on our economy.  Yes, it will eventually come, but not for some time.  And even so, I doubt it will bring back the jobs and prosperity like previous recoveries did.  We live in a digital age.  What are the biggest things right now?  Apple, Facebook, etc.  And those have given us very few jobs.   So many of the jobs lost in the crash where construction related.  They are not coming back anytime soon.  Meanwhile, businesses all over have learned how to run their businesses with fewer people by either getting more work out of their current people or employing computers are robotics to help pick up the slack.  Why would these employers EVER hire more people again with these new efficiencies?

Meanwhile all of these young people who are not working are not gaining the skills they need to take over when the baby boomers eventually do retire.  Who is going to replace them?  Nothing replaces years of experience they are not getting.  So I'm very scared of how US companies are going to compete in the future with this huge talent hole.

There are some good things that will come out of this.  Multi-generational households.  The US is one of the very few countries where people move so far away from their families.  I'm not saying this is for everyone, but in many ways it's better for families to stick together.  Less people living alone in nursing homes.  Less cost to the government.  Cheaper cost of living for everyone with shared housing expenses, no babysitting costs, etc.  Richer experience overall for all generations to interact with the other family members.

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