Germany went through a period of excessive job losses due to competitiveness (high wages, among OTHER things) in a more and more mechanized and world based economy. Wealth for the broad masses stagnated, decreased, more folks on social programs, increased poverty to levels not seen since WWII, unemployment well over 10%..... Last about 10-12 yrs. Now, all the sudden we are becoming more competitive, due to many places in the world catching up to levels we were on before the sh.. hit the fan. I do firmly believe that we will go through the same process here, my personal guestimate is 10-15 yrs (starting in 2008) at a minimum. I think there are several other big questions that are worth thinking about: A.Why do we have to have growth over 2, 2.5 %??? Or why do we even have to have growth, period? Will the average person be so much worse of with "growth" being close to 0%, basically maintaining the status quo? Granted, in the US only, it would put as behind, but what about on a global basis?? B.The other question is what will happen when one day virtually all resources have been used up? C. When, not if, we get to the point that virtually everything can be made and produced, supervised by machinery, electronic devices, what happens to people? What will we be doing? Are still needed? And if, for what? Anyways, just some questions, I don't have definite answers for, but pretty interesting to mull over...... Ralph in OK.
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Today's Featured Article - Women and Tractors - More Views From the Farmer's Wife - by Teri Burkholder. The top ten reasons why the judges wouldn't let you participate in the stock antique tractor pull: Hey, this is stock! It came with that V8 in it! That "R" on my tires stands for "really old" not radial! Blue gas? We thought it was a pretty color! What wire hooked to my throttle?
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