| What is the future of the US economy? |
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Elmira Nancy
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| What is the future of the US economy? |
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The US economy seems to be really bad. The rich are getting richer and the poor are getting poorer while the midle clas is getting squeezed and taking hits. Since China is a big producer because of having cheap labor, does that mean the US has to look towards high tech jobs. I mean the days of made in USA are gone and there are a lot of Made in China labels these days. To which companies do we look to help the future of the US economy. We really need to invest in education since it is base for success so we can create more leaders, bussinessmen, and entrepenuers.
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Tue Mar 09, 2010 5:25 am |
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iwillguide
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| hi |
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i think there is no hope not only for US economy because of unexpected climatic changes have been happening (GLOBAL WARMING) .The fact is sea levels rising due melt down of antartic ice and allover the nations.This will cause most nations sinking in to sea.May be some parts may remain but all major cities in the world merge in to Sea!.the reason is most cities like london,newyork,mumbai,tokyo etc are very near to sea.This will be going to happen any time ...even you belive or dont belive ! so there is no future!
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Fri Mar 26, 2010 6:43 am |
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samurai
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Actually, if all the ice does melt, sea levels will only rise about 6-9 meters, so there will still be a lot of land above water. Anyway, that may be a few decades off. The main issue with climate change is the severity of the weather. Dry places will become drier, cyclone areas will have stronger cyclones...I think you get the picture.
As to the US economy, well, definitely the next few years will be bad, no matter which economist you listen to.
The best way to predict the future is to create it.
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Fri Mar 26, 2010 9:43 am |
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clarissa_vargas
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| My opinion |
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Interesting points of view, I personally don't consider that the world will come to it's end, for me that is way to apocaliptic. There are weather changes there is no question about that but we cannot connect one thing to another.
Economy is going to a difficult moment but I still see people on the streets buying 4 dlls coffee and dinning at expensive restaurants, etc... so economy for my must then not be so bad, money is just unfairly distributed.
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Fri Mar 26, 2010 8:37 pm |
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rapidbilling
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The U.S. economy is probable to grow by 2.9 percent this year after an predictable contraction of 2.4 percent in 2009,…. Growth of the world's biggest economy is likely to cool this year after a burst of activity late last year as challenges stay behind in bank lending and policy-making… The US economy has been taking a beating with huge job losses, the turn down of the housing market and not to mention what happened on Wall Street…
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Mon Mar 29, 2010 11:12 am |
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LottomagicZ4941
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Most people still have jobs. Just as our econ was never as great as some claimed it isn't as bad as some claim.
Suprized no one is talking about health care here. I was shocked that it passed!!! Did not expect that.
But if Brazil can do it why not the USA?
I don't ever plan on having more then 50% of my profolio outside of the USA.
Overall we do have a great education system. We educate everyone not just the top. Though I'm to tired to know if I'm spelling educate right at this time. ZZZZZZzzzzzzzzzzz
Perhaps Obama will get elected to a second term. Still amazed that health care bill actually got passed.
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Mon Mar 29, 2010 11:55 am |
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Dannin
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I hate to say it, the only hope the US has of preventing a long term economic decline is to instigate some draconian trade and immigration policies.
Pure economists always insist that free trade helps all countries. That doesn't show to be the case. If you have people in China whose standard of living is so low they can produce goods so cheaply and still ship them to the US at a fraction of the cost to produce here, then they will get the work and our people here won't.
We've been losing factory after factory as our jobs are being shipped to China! US companies are setting up these Chinese factories utilizing the technology developed here.
The argument that we need to become more educated and do higher tech jobs is just wishful thinking. For one thing, everyone isn't cut out for a "high tech" job. It wasn't too long ago that a man could take a job at a factory and support his family in a very comfortable fashion. Not any more. What is he to do now? Become an Environmental Engineer?
Even if you do buy the bit about high tech jobs, why won't all of those move to India? In India the cost is about 1/4 what it is here. Many of our technology companies already have locations in India.
Then we're getting squeezed by all of the illegals coming in. They're driving wages down and taxing the social programs, schools, and hospitals. "Taking jobs no one else will do?" Maybe no one will do it for $6.50/hr. Without the illegals, maybe the job would pay $12, $15/hr and an American would take the job.
As a country we really have to act soon...
@LottoMagic, do you really want the US to become Brazil? Why else would we do as they do?
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Wed Mar 31, 2010 1:40 am |
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growing_Wealth
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This is one very frustrating aspect of being a young person entering into our economy -- or rather, entering into the future of our economy, and thinking of how one might raise a family, ect, ect when so many things that had once been guaranteed are now up in the air.
Those such as myself, in their mid-twenties, might not have the same options that people like my parents (mid-late-fifties) had. Having recent graduated from school, this is definitely a battle -- and thinking too deeply about the future of both the US economy and our global fate does not often help!
But I am optimistic that life continues moving forwards, as will the human world of finances! There is hope, in my mind, in the growing renewables economy. Sustainable industries and energy will be growing both in companies which can provide services and products, and in consumer desire!
Each day is an opportunity for a new beginning.
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Wed Mar 31, 2010 4:41 am |
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carl12
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In the 20th century, the suburbs became the primary place for Americans to live. But the recent housing market crash, high gas prices, and concerns about environmental sustainability have caused many to wonder how long suburbs will be able to grow. Kotkin writes that the suburbs will not only continue to grow; they will become even more like cities. "The suburbs of the future will in many ways be more diverse than the cities," Kotkin told U.S. News. While the suburbs of the 1950s were predominantly white, suburbs today have an increasing number of ethnic minorities and recent immigrants. A major reason suburbs are changing is that they are providing more jobs than ever. Historically, people living in bedroom communities outside of a city have commuted downtown to work. Suburbs are also becoming more appealing because they are developing their own cultural amenities. "Many have rebuilt town centers and revived Main Streets," says Kotkin.
This growth will be made possible—and desirable, Kotkin argues—because suburbs will become what he calls "greenurbia." Kotkin predicts that while cars will continue to be the dominant mode of transportation, fuel-economy improvements, more energy-efficient homes, and telecommuting will allow suburbs to coexist with a clean environment.
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Tue Apr 06, 2010 5:22 am |
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