Crushing Job Losses May Signal Broader Changes – NYTimes.com
“These jobs aren’t coming back,” said John E. Silvia, chief economist at Wachovia in Charlotte. “A lot of production either isn’t going to happen at all, or it’s going to happen somewhere other than the United States. There are going to be fewer stores, fewer factories, fewer financial services operations. Firms are making strategic decisions that they don’t want to be in their businesses.”
So, the official word is that another 651,000 jobs were lost in February.
I believe the above quote. American businesses are just going to get out of certain fields… namely crazy-ass loans and a large chunk of automobile manufacturing.
There was a time in my life when I thought that the world was going to be dominated by like 4 major corporations. That the “corporation” would control everything.
Now I think the opposite. I think large corporations are going to slowly lose their power in the world. I’m not sure what the power center will be. Initially I thought it would go back to the government. But I wouldn’t be surprised if it’s something we haven’t fully seen yet. An advanced social media platform that gives true power to the people.
I think the power will become fragmented… but yet more powerful than anything we have experienced.
With all of this, I really wish these people that have lost their jobs in areas where they will likely never work again, would just start their own business.
Running a business doesn’t take a ton of brains. I know a lot of really successful business people that are the most asinine humans I’ve ever met. It doesn’t even take that good of an idea: mechanic, window washer, home repair, painting. Those are all outstanding businesses… and businesses where you could stand to make a lot more money than working “on the line.”
The government will be touting education and that sort of thing. I really wish they would promote entrepreneurship.
