http://www.fundmymutualfund.com/2009/08/no-new-normal-say-some-economists.html

Bottom line, we are removing jobs that “make things” and replacing them with healthcare jobs (pseudo govt) and govt

1/3rd of all work now is healthcare, govt or education (all government in the big scheme of things) and private enterprise is 2/3rds of jobs

we’re heading to 50/50

as others have said above, what is the next job creator outside of rebuilding even more homes? that was the big job creater (along with the financing of said houses) the past decade

and when you tell me what the next big job creator is, my next question to you – is why would those jobs stay in the country? If they are not healthcare of government jobs they have no need to stay here

Which is what people are missing out on

Eventually I see a stage where Americans are like Eastern Europeans who moved to UK or Ireland for example to find work in the past decade – many here will just become part of the global workforce, chasing after jobs they once did here.

IBM was the first co I’ve seen to offer relocation services to its workers to India – at Indian wages.

I expect many more to come as the world flattens.

Only advice is to get your child into government work because the taxpayers of America seem to have no limit in expanding govt.

“Don’t misunderstand R&D is Great, even ‘the Government’ can play a role, but to, even, begin to believe that the wellspring of American Ingenuity has bee exhausted, and we ‘Need’ to ‘Invest more into “Reigniting basic research”‘ to “repair the broken U.S. business model and put Americans back to work” is so stump-humping stupid as to defy comprehension.”

The thing that defies comprehension is that you fail to understand the simple and correct point they are making. All major progress and new industries are based on basic science discoveries from decades before. The computer chip, cell phone, biomedical industry products etc. would not have existed without a solid basic science effort making the needed leaps in knowledge and understanding that allowed them to get started. Currently both government and industry have cut basic science efforts to focus on the applied translational things that bring a product within a few years. The consequence is obviously that the next generation equivalent of the “computer industry” or “biomedical industry” will not appear (in this country). Yes we can still play around and suck a little more on the basic insights created a few decades ago, but most of the juice has been sucked out of them already. Look at the pathetic afforts to get a cheap useful battery for electrical vehicles. We don’t have enough insights about the basic materials abilities and processes for storage of electrical energy, and no new leaps forward in that understanding has happened for decades, because only a handful of people were working on it until a few years ago. The targeted effort now initiated may well fail, because the next huge leap forward may have to come from some weird project looking at shining worms from the antarchtic seabed to create insights that could be applied in whole new class of bioorganic batteries with 200 fold higher energy density and self-replicating sustainability. The thing about basic science is that you can never predict where it will have its best applicability, so it cannot be targeted the way applied science can.

see this: http://en.wikipedia.org/wiki/Timeline_of_United_States_inventions from willid3, above.

I was, in that piece you excerpted, trying to convey that much of “what we need” (today) has already been Developed. And, the responsilibility for the bedraggled state of our Economy can be laid at the doorstep of ‘Public Policy’ decision-makers. for a simple instance, wonder why CNG isn’t a wide-spread choice for motive fuel apllications..
ht tp://clusty.com/search?input-form=clusty-simple&v%3Asources=webplus&query=CNG+use+as+motive+fuel

More broadly, to your point: “governments (State and Federal) have made the pursuit of R&D very difficult”, see: http://www.rdmag.com/tags/policy-and-industry for starters..

note how Gov r&r warps the focus of R&D..

“Don’t misunderstand R&D is Great, even ‘the Government’ can play a role, but to, even, begin to believe that the wellspring of American Ingenuity has bee exhausted, and we ‘Need’ to ‘Invest more into “Reigniting basic research”‘ to “repair the broken U.S. business model and put Americans back to work” is so stump-humping stupid as to defy comprehension.”

Are you saying that the policies of our governments (State and Federal) have made the pursuit of R&D very difficult? I could subscribe to that…with some empirical proof.

That said, I would contend that a very unhelpful factor is the short-termism of our corporate leaders for whom, yesterday afternoon is part of the last century.

Sep 8, 2009, 12:01 a.m. EST

Job outlook hits worst-ever level

Employers’ hiring plans at lowest point in Manpower survey’s history

“A net -3% of employers said they’ll hire in the fourth quarter, down from -2% in the third quarter, on a seasonally adjusted basis, according to the Milwaukee-based firm’s survey of more than 28,000 employers. Before this year, the survey’s previous low point was a net 1% hiring outlook for the third quarter of 1982. “

My guess is that one of two things were at work:
– The government took the bailout as the cheaper option
– The government is hopelessly corrupt

Although, it may be a combination of the two.

“I’m not here to tell you that Bears(our Woodland friends) need a Shitting-license, but any Business(man/woman), who has done more than press Send, would well understand the Reality of the hyperbole..”

That reminds me… I’m the KING of mixed metaphors…

Do bears shit in the woods?
Is the pope a catholic?

cvienne’s version:

Does the pope shit in the woods?

as we got closer to 2000, the number of inventions slowed. and after 2000, it really slowed down even more.
i do seem to recall that there were always a lot of folks who would complain about some study or other. which sounded silly on the surface, but turned out to trigger some major inventions because of some thing it found

but we don’t do that. any more