New theory: PREVIOUS generations had a sense of entitlement

[skyfall123]

We live in interesting times. The US government is the single largest employer in the US. There are also hundreds of thousands if not millions of jobs tied to government contracts (which probably includes the company you work for). The other area of job growth over the last decade is Health Care.

We have pressure on the government to reduce spending and we have a push to reform Health Care as it makes up 16-17% of GDP. So the two areas that have provided job growth over the past ten years are unlikely to continue to provide job growth.

Which means that the 10% unemployment is likely to remain/rise regardless of who is in office.....and we will continue to outsource jobs. Which jobs are next?

Interesting read here:

Assuming that the markets will fix these problems by themselves is not a good idea; it may be approximately true for the global economy as a whole, but is not necessarily for its parts. In truth, all countries, including successful emerging economies, have addressed issues of inclusiveness, distribution,
and equity as part of the core of their growth and development strategies. Now advanced countries will need to follow suit. Confronting the tension between efficiency and distribution and attempting to strike an appropriate balance is critical.

The Evolving Structure of the American Economy and the Employment Challenge - Council on Foreign Relations