Granted the 47% was from the news. I don't really trust the news that much but that so far is the only figure available.
And no, the companies that rely on cheap labor are not going to bring jobs back. That doesn't mean new jobs won't be created. But expansions/renovations ECT make jobs too. The rest of the figures I stated were from Pew Research. I'm not saying the are 100% :lol: (had to toss a number in there) accurate but as I said they are kinda considered the gold standard for research. Those are the tax numbers I posted.
But when the masses have money/more money to spend demand goes up. That demand creates more jobs than the government ever did. During the depression those who got jobs from government programs did not spend that money on personal stuff like the government expected. They spent it on basic needs because a brother or sister needed it. Same thing happened during the Carter/Reagan recession. Junior/Juniorett had moved back home so any extra income or tax savings went for food. Don't know what's going to happen now.
As for what we were taught in school concerning the Great Depression? Historians are looking at that again and finding that a lot of the stuff I was taught isn't accurate. For example, the government claimed that about 33% were unemployed. Well government census wasn't very accurate back then. Plus people were moving all over the place. Historians today are saying at the worst unemployment was as high as 80%. Keeping in mind that in my life unemployment has been as high as 28% (some claim as high as 33%) and we were not experiencing a depression? That 80% figure becomes believable.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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