Questions about the "Worst Annual Job Losses" graph: so how do you think that 1945 vs. 2008 distinction stacks up in terms of demographics? Are these total jobs deleted from the economic landscape? Were the 1945 job losses due to the end of WWII? How many of them were gone entirely (e.g., manufacturing jobs that served to keep the military supplied) and how many were the result of women leaving the workforce when men returned to the U.S. (so that a 1-income household remained a 1-income household)? Just curious about your take on the statistics. . .
Well, I haven't seen many demographic break-downs of the job hemorrhage (though a quick google search might turn something up). My guess is that, yes, a large portion of those numbers are based on Post-WWII de-militarization/reintegration trends.
I think an interesting difference between '45 and now is that, with the rest of Europe financially crippled, the U.S. stood only to rise during the golden '50s. But now, with a much-more globalized economy, I think ti's going to be harder for any one crippled nation to rise upon the ashes of another.
In the end, though, the jobs are still gone, and while we're still sussing out the damage to our food supply from the Midwest floods of 2008, we have to worry about food cost inflation, possibly depleted supplies, and . . . well . . . people without cash to buy what they need to eat.
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I think an interesting difference between '45 and now is that, with the rest of Europe financially crippled, the U.S. stood only to rise during the golden '50s. But now, with a much-more globalized economy, I think ti's going to be harder for any one crippled nation to rise upon the ashes of another.
In the end, though, the jobs are still gone, and while we're still sussing out the damage to our food supply from the Midwest floods of 2008, we have to worry about food cost inflation, possibly depleted supplies, and . . . well . . . people without cash to buy what they need to eat.
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