A more honest speech – and let’s face, a speech that no politician has yet to give – would acknowledge that the multigenerational transition of the American labor force away from large-scale factory employment of mid-20th century industrial America will never reverse. It would acknowledge that the shifts were caused by a potent mix of technology that includes software and robotics, by a relentless drive in the developed world in general but America in particular for low-cost goods, and by the globalization of supply chains and finance in part enabled by technology and fueled by that drive. It would acknowledge that the role of government in these transformations was peripheral, and that the capacity of government to “do something” about it is limited.
Posted on: Wed, 29 Jan 2014 15:07:28 +0000
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