I was talking to a couple of men the other day at the golf course, they were at least eighty. I told them I have a degree in economics and then they asked me the big question. "Where are the jobs going to come from? Everyone can't just push on a computer all day."
The short term answer is: they're not coming, for most, not good jobs.
The long term answer is: we are going to have to repeal some of the mistakes we've made over the past four decades in retail, finance and agriculture. We've got to have less big box stores, more mom and pops and family farms.
I think the big box store plays a large role in the story of the Wall Street collapse. Mom and pop businesses for hundreds of years have been safe havens for middle class families to invest in themselves and keep a steady income. Now they're shutting down shop, 30% off everything, mom and pop must go. I think the loss of the mom and pop as an investment option pushed average folks towards investing far away, in things they don't understand.
