Even in a Recovery, Some Jobs Won't Return
http://finance.yahoo.com/career-work/article/108558/even-in-a-recovery-some-jobs-wont-return

The downturn that started in December 2007 delivered a body blow to U.S. workers. In two years, the economy shed 7.2 million jobs, pushing the jobless rate from 5% to 10%, according to the Labor Department.

"The tremendous amount of economic activity associated with housing, I can't see that coming back," says Harvard University economist Lawrence Katz. "That was a very unhealthy part of the economy."

One in three jobs, or six million total, have been lost in the manufacturing sector since 1997, the last year the sector posted job gains...With 1.6 million jobs lost over the last two years, the construction sector has accounted for more than a fifth of the jobs lost since the recession began.

Thomas Philippon, an economist at New York University's Stern School of Business, estimates that the financial sector's share of the economy was nearly 20% larger than it should have been. Since the start of the recession, the financial sector has lost 548,000 jobs, or 6.6% of its work force. Mr. Philippon's estimate suggests there will be further pressure on financial jobs.

The ranks of people doing office and administrative work have fallen 10.1% since the recession began.

The permanent loss of many jobs may keep the labor market from fully recovering for a long time to come.

Prior to the 1990s, jobs rebounded quickly once recessions ended...In the wake of a far deeper recession, creating new jobs and retraining workers to do them could take even longer.

One could also make the case that the U.S. is shifting from a consumer nation to a nation of producers, and that will lead to a resurgence in technology and high-tech manufacturing jobs.

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The outlook is grim, jobs disappearing and the prospects of where future employment will go is up in the air.  To stop a Recession or Depression takes production, people have to work and spend their way out of these, holding on to money slows the economy.  Knuckling down may help for short-term events, but it does not end the crisis and if you cannot outlast the downturn, you're toast.  The problem is how to create jobs in an environment that cannot just generate the income to pay for them.  For me this is actually simple, it is already outlined in "The Plan" under the Energy, Transportation, and Economy pages.

The Public Works projects that I have outlined can be started, almost immediately.  They call for very little up-front expenditure and except for raw materials, they do not call for an actual cash expenditure at all.  Using the Texas Dollar Script for money, will allow us to put people to work before we have the actual cash to pay them.  When the revenue from these projects and the savings they generate kick in, Texas and Texans will be in a better position than they have ever been.

Let's look at all the benefits this system would create:

     1) Free electricity for all Texans
     2) Reduction of pollution, with a resulting decline in illness
     3) No more auto accidents for any reason
     4) Virtually a storm and terrorist proof, power and transportation system
     5) Built-in storm protection
     6) Increased revenue generation as out-of-state entities purchase power, products, and expertise from Texas
     7) Increased Education and Vocational Training for all Texans
     8) Decrease in the actual cost of prisons, from both the inmates contributing valuable work and from reducing the number of incarcerated

All of this would create a significant boost to the economy, accomplished by a MASSIVE INCREASE in jobs.

History shows that this policy is sound and achievable.  Maybe the rest of the country has no clear-cut idea on how to accomplish this, but I have a definite course-of-action.  The very "hi-tech manufacturing" and "technology" jobs they are suggesting, are the ones I would create.  In just ten short years, Texas would be a shinning example of the best that Humanity can accomplish.

You can continue to elect the politicians that represent the very Parties that got us into this mess, or you can decide to go a whole new direction.  Old path, old destination, new path, new destination, where do you want to be in 10 years?