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 Is the American Job Machine broken? How does it get fixed? Who can fix it?

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Is the American Job Machine broken? How does it get fixed? Who can fix it? - Thursday, September 02, 2010 9:44 PM ( #1 )
When you watch your local or national new we are inundated with bad news about the economy and job outlook. Unemployment is high, workers are staying employed for longer periods of time, housing prices and personal wealth are evaporating, and the average citizen is frustrated with trusted institutions, such as government, ability to solve our problems. The new president created a tax break for the middle class and a large stimulus package for businesses and local governments. The results barely moved the unemployment rate down. Many businesses are doing better yet they are storing up high cash balances without hiring workers. Countries like China and India are growing their economies at breath-taking rates of 10-12% while the US moves along around 2-3%.
Is the American job machine broken? American business has figured out how to do more with less workers. Many companies have standard corporate policies to outsource as much work as possible to foreign country labor before hiring an american to do the job. Even highly educated and skilled americans who might need $45-80 and hour in compensation can't compete with $10-15 an hour global rates. When blue collar workers lost manufacturing jobs to overseas competitors the american work force shifted to a white collar worker profiles. White collar workers typically work at their desk with a computer. Now we are told that any job that relies on a compute and desk to get accomplished can be moved overseas as well.
So given these parameters, its no wonder that allowing government to throw money at the problem can't solve it alone. Education can help workers to retool their skills but if global competitive can suppress opportunities then how does the American work machine employ dislocated manufacturing and service jobs. Is the fix to convert american workers to retail sales clerks?
How can the American work machine re-invent its self? Should government take over the task of re-inventing and re-invigorating private enterprise? Will the America goverment be forced into having a more guiding hand in the development of private sectors jobs if the private sector is not responsive.
Many questions - who has answers?

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