Quote:
Originally Posted by Bill8
things may have leveled off, with the spender of last resort spending borrowed money, which leaves all of us better off than we might be.
but it's possible, this leveling off, because the economy dumped millions of unneeded workers.
leaving us with the problem of what to do with the 10-to-20 million or so unemployed and underemployed workers.
If the economy contracts again, millions more workers will have to be kicked off the bus. but, who knows, maybe it wont contract again.
but the one thing nobody is addressing is what part of the economy can be grown to employ the millions of unneeded workers this time? Clinton and Bush did it with bubbles - which we will do again - but what will the bubbles be based on this time around?
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As a second part to my previous answer, I don't think it will come in any form of bubble but a slow growth. I think our new jobs will be things that will need at least 2 and more like 4 years of schooling to get so we will have to wait for that to happen.