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Originally Posted by surfinillini
So maybe someone can help me articulate this because I've been getting into arguments with Trimpers regarding JOBS. Isn't this the lowest unemployment rate in nearly a decade? Why does Trump keep harping on bringing back JOBS for millions of people when millions of people that aren't working probably will never work. I'm just baffled on how people think this is so good for the country. If someone who used to mine coal or work in an auto factory wants a job, they can retrain or go back to school and prepare for another job? Why do we need to bring back these industries that were popular around WW2 to make our economy flourish "again".
I'm just baffled.
So please don't troll just educate me.
To answer your questions:
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Isn't this the lowest UE rate in nearly a decade?
Yes, about 4.9%
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Why does Trump keep harping on bring back JOBS for millions of people that aren't working probably never will work.If someone who used to mine coal or work in an auto factory wants a job, they can retrain or go back to school and prepare for another job?
It's not always that easy to retrain and start a new career especially at 40 or 50 years old. However, that is the direction we should be going in (offering people more education options) because the truth is mining + manufacturing simply aren't coming back en masse.
One thing is that people are very confused because while unemployment is really low right now, wages are stagnant and have been stagnant for 30+ years. Even though prices haven't risen much in the last 5 years, over 30 years they've risen enough to where people are really getting choked out and people's wages simply aren't going up. So costs like mortgage payments, health insurance, car payments, seem much more difficult to make now than they did 25-30 years ago because the wages simply haven't risen to keep up with inflation--particularly among workers without a college degree.
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Why do we need to bring back these industries that were popular around WW2 to make our economy flourish "again".
We don't and we can't. There is simply no way we can compete with super-low-wage, no-regulation countries like China and Pakistan where workers gruel for long hours and little pay in horrible, unsafe conditions. If people realized the conditions they would have to work in to be competitive with those countries, they would realize this.
The way forward is investing in science, technology, software development, green energy, 3D printing, robotics, etc. and giving our population the education that they need so they can work in these fields. These are the fields that we have a huge advantage in as they produce a huge amount of value per worked manhour, and many countries simply don't have the resources to possibly compete with us in these fields. A few do, like Japan, and by not investing in education and technology we are letting them get more ahead of us every single year. Not good.