Guest Post by Paul Craig Roberts
Friday’s jobs report, the financial press tells us, “blew past projections,” with a monthly jobs gain of 303,000 compared to the 231,000 average over the past year. The Biden economy is gathering steam. https://www.barrons.com/livecoverage/march-jobs-report-today
In actual fact the jobs report shows that the United States is continuing its collapse into third worldism.
A first world economy is characterized by high productivity, high value-added manufacturing and industrial jobs. A third world economy is characterized by low productivity service and government jobs. As I have reported for 30 years, the US has transitioned from the first to the third world.
The jobs report shows that. In March America lost jobs in primary metal manufacturing, fabricated metal product manufacturing, machinery manufacturing, computer and electronic product manufacturing, computer and peripheral equipment manufacturing, communications equipment manufacturing, semiconductor and other electronic component manufacturing, electrical equipment, appliance, and component manufacturing, furniture and related product manufacturing, food manufacturing, textile product manufacturing, apparel manufacturing, plastics and rubber products manufacturing, leather and allied product manufacturing.
190,000 of the jobs are in services, and 71,000 are in government. In other words, 86% of the jobs gain reflect the third world pattern. The service jobs are in wholesale and retail trade, health care and social assistance, and waitresses and bartenders.
The high tech jobs we were promised in exchange for offshoring US manufacturing industry are hardly visible and certainly did not provide opportunities for displaced manufacturing workers. Moreover, most tech jobs–AI, robotics, software programs–are aimed at displacing humans from the work force.
The offshoring of US manufacturing destroyed the middle class, state and local government budgets, the ladders of upward mobility, and concentrated the wealth of the country in one percent of the population.
That one percent itself is a massively wide wealth range from $11 million to 200,000 million, which are certainly not comparable wealth positions. The difference is the same as between $11 and $200,000. American wealth is concentrated in the hands of multi-billionaires who comprise one-tenth of one percent or less of the population.
The tell-tale sign of a third world economy is the concentration of wealth in the hands of a tiny minority. In the United States this is called “democracy.” And an increase in third world jobs is misrepresented as economic progress.
They will never stop lying to us.
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Making the US a third world country has always been the goal of the left. Equity is reducing everyone to the lowest common denominator, called poverty. Except of course the wealthy self appointed elites and their subservient government leaders.
100% accurate.
Fuck you, Paul. I’ve ACTUALLY BEEN to fucking 3rd world countries…at least a dozen or so of them. We may be moving in that direction. We may quite possibly BECOME a 3rd world shit hole…but WE AIN’T THERE YET.
And fuck you again for opining on shit YOU helped CAUSE in the first place. keep on bein’ wrong…Ass hat.
Please go back to the 3rd world countries and stay there, Stupidizer.
We are rapidly moving in the direction of becoming a third world economy, the major element propping up what’s left of the “American Standard of Living” is the fact that the US still Maintains the worlds reserve currency, which isn’t going to be the case for much longer. Once the US loses reserve currency status for the dollar, it’s over.
Oh it’s coming all right. I just don’t feel the need to celebrate it in fucking print.
NEVER lose sight of the fact that this jackwagon still sees the world through his 1980’s rose colored glasses. He’s going to be wrong about almost EVERYTHING because of just that. That and he helped cause all this shit and now wants to wash his hands of it like none of it ever happened.
Certain parts of California are worse than third world countries.
Yeah, but a lot of people don’t care as long as where they live is just fine at the moment. Every third world country has one or more first world neighborhoods in secure areas. It is where the Dictator and repressive government elites live. Do you think Gavin Newsom has homeless and illegals shit piles in front of his mansion?
Have you BEEN to Appalachia?
BS. Thousands laid off, homelessness exploding, job boards barely have anything available and of the few that are posted they’re fake or the company is looking for a unicorn with 10+ years of experience and needs to have 20 years of experience in every skill under the sun.
I noticed an interesting quirk in job listings … the more detailed and specific the job ad, the more likely it’s meant to have an illegal or other alien take a job meant for a US Citizen.
Tell me again how the board game Monopoly reaches conclusion ?
By me flipping over the board and whipping everyone’s asses! lol! I think that’s on page 47 of the rules.
Import the third world and become the third world.
How could it have anything BUT a negative impact ?
…and a 4th rate citizenry…inverted with the worst at the top.