Outstanding article must read.

[SNBthetrue]

Quote from donnap:

Yes, good post. The easiest way to "create" millions of jobs is to give American jobs to Americans. We no longer need any imported labor. Duh.


Americans, in return, should realize that our living standard will be lower, we are not entitled to the BS 'American Dream," and only hard work builds strong countries, not lazy cry babies.

hahaha ! If only the average american MTVbrainwashed kid could do something positive in his life. The only think important for him/her is his social statut in his little life. And how he excludes some people from it. The kinds of bastard would have been dead in the old days...

And my friend, you are so ignorant. Jobs arN'T given... Where do you live ? I explain : a need from the corporation, then finding someone who will be train/know how to do. Then money for the worker for his hard work. But you need someone who as a brain ! I don't mean the superbrain, just some one without an aritificialego created by watching manipulative tv for more than 3hrs a day...

Hard work... please I remind you that working in front of a computer is an easy work! go work in mine in China to see what are work is. You don't have an idea.

And 4rd the living standard of the american will not be lowered. Only yours... and the others suckers...

Big that's the old america : the suckers are eated by the new strong...

 

[nutmeg]

Our growth engine has run out of a key source of fuel—critical mass, basic scientific research.
-----------------------------------

The pot at the end of the scientific research rainbow is a lawsuit.

Innovation cannot pass muster of insurance liability.

Design is born in the lab and dies in the legal dept.

 

[Scataphagos]

Quote from kiwi_trader:

True Nitro.

"Also true though is that not all jobs have to be of this nature - the trouble is that the other ones don't have exciting average pay rates.

---------------------------------------------

"...As a consequence of exporting good jobs that are not fully replaced, the U.S. demand engine is broken. Of the roughly 130 million jobs in the U.S., only 20% (26 million) pay more than $60,000 a year. The other 80% pay an average of $33,000. That ratio is not a good foundation for a strong middle class and a prosperous society. Rather than a demand engine, it's a decay curve. As a nation, we have papered over our declining incomes by accepting the need for two incomes per household and by borrowing heavily, often against paper assets inflated by financial bubbles (dot-com and housing). In recent years, personal debt has grown much faster than personal income. In 1985 the ratio of household debt to household income was 0.7 to 1; in 2000 it was 1 to 1; in 2008, it was 1.7 to 1. We earned less, so we borrowed more. In 2007 we reached our limit.

This cycle looks only to be getting worse...."

---------------------------------------------

A significant portion of America's [former] middle class has been outsourced... NEVER TO BE REPLACED!

We have yet to come to grips with this... especially US Government.

We are going to one day acknowledge that not only is there not a good well-paying job for everyone who qualifies for one, THERE'S NOT EVEN A JOB OF ANY KIND FOR EVERYONE WHO WANTS ONE. Thanks to outsourcing to low labor cost countries and high productivity in the US, we have an oversupply of LABOR at all levels of skill.

 

[trendlover]

Quote from Scataphagos:


A significant portion of America's [former] middle class has been outsourced... NEVER TO BE REPLACED!
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The article from nitro is saying it is possible to create jobs again. More reward for the research and development scientists to put time and hard work over maybe 10 or more years. With that you have private company money who will take the science to the market. So the problem is not how to do it, but why is no one interested in (R&D) to fund it for a long time? Because people want fast money (like the financial models did for wall street)

 

[Sodajerk]

OP, I agree that without continued innovation, the American economy is in big trouble.

Quote from Ash1972:

Markets always provide the answer in the end but you'll never be able to predict what it will be. That's how capitalism works.

What an extraordinary claim. Why do you say that?

Stop outsourcing? Perhaps all those countries we outsource to should stop buying our service, consumer and defence exports? What a great idea - protectionism works every time, if your idea of 'working' is creating mass worldwide poverty.

No, it's not a simplistic all-or-nothing proposition. The idea is to make protectionism work for you when possible. Leave it to the other guy (your competition) to make protectionism work for him (and possibly against you).

 

[SNBthetrue]

Every protection is in itself the fear of freedom !

 

[Sodajerk]

lol

 

[gottatrade]

Quote from nutmeg:

Our growth engine has run out of a key source of fuel—critical mass, basic scientific research.
-----------------------------------

The pot at the end of the scientific research rainbow is a lawsuit.

Innovation cannot pass muster of insurance liability.

Design is born in the lab and dies in the legal dept.

Right on. Seems all our innovation has gone into law, finance, and politics.

 

[bidask]

i disagree with this article. there's more r&d now than ever. the problem is a lot of the fruits of the r&d are going outside of the u.s.

 

[texrex2002]

I prefer they spend my tax $ on meaningful R&D than on the other shite they're spending it on now.

If they were to re-direct tax $ to this, and ditch all the socialist crap I'd be comfortable with it.

if they maintain all the horsecrap spending AND fund this, I'm not comfy with it.