Excellent question, Mike, and a lot of really good responses. I too have wondered for a long time if there really could ever be enough "jobs" or work to keep everybody busy---particularly in whatever place they preferred to live.
One of the problems in this country is that we no longer produce much of anything, except lots of good food. The rest of our stuff comes from far away.
Another thing that's different from 50, 60 or 70 years ago is that now the guy who wants to be an entrepreneur is immediately so strangled with regulations, restrictions, permits, licenses and all the headaches relative to hiring people, lots of people decide it just ain't worth it. It's not really your business---the government just lets you run so long as you forward the taxes.
Another thing that's different: when I was young people would hire kids, or men, to do work around their place, and pay 'em at the end of the day or week. Now if you do that, somebody from the government is going to want to know why you didn't send in FICA and withholdings. Or, if the guy you hire does something stupid and hurts himself, here comes Algonquin J. Calhoun, Esq., to see if he can get the deed to your place.
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