With Few Hiring.....Welcome To The Digital Age
The two primary employers in America are Government and Health Care. And right now both segments are freezing employment and/or cutting back due to strong revenue declines. For a nation that needs to create hundreds of thousands of jobs each month to keep up wtih population growth....this creates a serious problem going forward UNDER THE CURRENT SYSTEM.
We are still seeing a contraction in employment in construction and other areas of the economy.......evidencing this is the miserable hiring rate of college grads.
Without growing jobs and tax receipts, our current debt burden and government obligations are simply unsustainable......and you can only raise taxes so much before even confiscating everyone's income is not sufficient.
It appears we are now well on our way.....Welcome To The Digital Age.