from Modeled Behavior on the Jobs Report
…here is the long-run trend on private sector service sector employment.
Notice that its just as strong as the last recovery though coming sooner. Not quite as strong as the 80 and 90s.
On the other hand goods and government over that period look like this
To the extent there is a structural transformation afoot in the US economy, this is it.
Yes, the average citizen can attest to the fact that you’re correct simply by casual observation while living daily life.
The problem you’re stating is obvious. But the question that is currently circulating in the popular media is whether increased money supply that increases demand, and whether additional taxation and redistribution, will improve that long term trend, or whether we had better improve our schools, improve our industries, improve our infrastructure, and improve the world marketability of our unskilled, and semi-skilled working classes. We cannot make our lower classes more productive by demonizing our upper classes. And we are too heterogeneous now to form a ‘society’ that will support different classes under the emotional sentiments of tribal nationalism.
Germany promises the working classes skilled labor. America promises the working classes entry into the middle and upper middle classes. But, america’s promise if false. Its just not possible. And what you’re seeing today is the acknowledgement among the laboring classes that their status is depreciating along with their incomes, and that given their ages and knowledge, that the rest of their lives are questionably comfortable due to the false promise of middle class membership — given to them to assuage the natural problem if integration of races and cultures with different potentials both environmental, physical and cultural.
Economics is a subset of politics, not the other way ’round. In the long run we are all human.