10 Seconds Reveals The Massive Problem The US Economy Faces

Posted by Mike "Mish" Shedlock: Global Economic Analysis

Share on Facebook

Tweet on Twitter

Screen Shot 2014-01-23 at 1.10.38 AM

Ed Note: 10 seconds is all you need to watch of this video to grasp the one absolutely massive problem facing the US economy. 


Screen Shot 2014-01-23 at 1.10.38 AMThanks to robotics, some manufacturing has returned to the US (but the jobs didn’t, and won’t).

History suggests innovation will at some point create more jobs.

We have lost jobs on farms but we gained them on the assembly line. We lost jobs on the assembly line and gained them on the internet. We lost jobs on the internet and ….

To read the whole article click on this link –  Dark Vision for Jobs: Jobless Future? Is It Different This Time?