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.
Continue reading “America Has a Third World Economy”
