Of course, there is a more local-to-the-USA part of the jobs story too (even as it is not as big a global issue as the one in my sig):
"Americans Don't Realize The Empire Is Already Falling Apart"
https://www.youtube.com/watch?...
"Spain. Britain. The Soviet Union. Three of history's most powerful empires all destroyed by the same 7-stage pattern. Military overextension. Currency debasement. Debt spiral. Loss of productive capacity. Social decay. Reserve currency collapse. Sudden fall.
Historians and economists have identified this sequence repeating across centuries with alarming consistency. And in 2026, the United States shows every measurable sign of Stage 5 right now.
In this video, we break down:
* Why America's $36 trillion debt is past the point of no return;
* How the U.S. lost its productive economy and replaced it with a financial casino;
* Why the dollar's share of global reserves has dropped 12 points since 2000;
* The consumer sentiment reading lower than ANY war, recession, or pandemic in 75 years;
* What China, BRICS, and the Global South are quietly doing about it;
This isn't politics. This isn't conspiracy. This is arithmetic."
Personally I don't feel the USA debt is "past the point of no return" theoretically even if it might be politically/practically. Restore tax rates from the 1970s, remove the cap on Social Security earnings tax but cap payouts at current max levels, and add a 0.1% tax on every stock sale -- and the US debt will be quickly reduced (plus there will be plenty of money for medicare-for-all, keeping Social Security solvent, and reinvesting in physical and social infrastructure). A day of legislative voting in Congress plus a quick signature by the president, and the USA would be on a sound economic footing again.
Whether there is the political will to do all that is a different story. It would require the GOP to move past the "Two Santa Clauses tactic" for winning elections:
https://www.salon.com/2018/02/...
"In fact, Republican strategist Jude Wanniski's 1974 "Two Santa Clauses Theory" has been the main reason why the GOP has succeeded in producing our last two Republican presidents, Bush and Trump (despite losing the popular vote both times). It's also why Reagan's economy seemed to be "good."
Here's how it works, laid it out in simple summary:
First, when Republicans control the federal government, and particularly the White House, spend money like a drunken sailor and run up the US debt as far and as fast as possible. This produces three results - it stimulates the economy thus making people think that the GOP can produce a good economy, it raises the debt dramatically, and it makes people think that Republicans are the "tax-cut Santa Claus."
Second, when a Democrat is in the White House, scream about the national debt as loudly and frantically as possible, freaking out about how "our children will have to pay for it!" and "we have to cut spending to solve the crisis!" This will force the Democrats in power to cut their own social safety net programs, thus shooting their welfare-of-the-American-people Santa Claus. ..."
Like with modern monetary theory, governments who have a dominant world currently like the USA essentially print whatever money they want to pay their bills -- and they then can use taxes to manage the size of the available money supply to manage inflation. It's so weird that people (the Fed especially) act like the only way to reduce inflation is to increase interest rates to slow (damage) the economy when the other obvious solution is to raise taxes to take money out of circulation. Why don't we ever hear the Fed saying, "we only have to raise interest rates because politicians refuse to raise taxes"?
https://www.investopedia.com/m...
Fixing the US debt issue with higher taxes (allowing interest rates to stay lower) might not fix all the jobs issues though as AI and robotics continue to accelerate exponentially. More ideas on dealing with that collected by me in 2010:
https://pdfernhout.net/beyond-...
"This article explores the issue of a "Jobless Recovery" mainly from a heterodox economic perspective. It emphasizes the implications of ideas by Marshall Brain and others that improvements in robotics, automation, design, and voluntary social networks are fundamentally changing the structure of the economic landscape. It outlines towards the end four major alternatives to mainstream economic practice (a basic income, a gift economy, stronger local subsistence economies, and resource-based planning). These alternatives could be used in combination to address what, even as far back as 1964, has been described as a breaking "income-through-jobs link". This link between jobs and income is breaking because of the declining value of most paid human labor relative to capital investments in automation and better design. Or, as is now the case, the value of paid human labor like at some newspapers or universities is also declining relative to the output of voluntary social networks such as for digital content production (like represented by this document). It is suggested that we will need to fundamentally reevaluate our economic theories and practices to adjust to these new realities emerging from exponential trends in technology and society."