The Washington Times
By Paul Craig Roberts
Is your job safe? Not if it can be done abroad. The only safe jobs are in domestic services that require a "hands-on" presence, such as barbers, hospital orderlies and waitresses.
For a number of years, the Bureau of Labor Statistics' monthly payroll jobs reports have been sending U.S. policymakers dire warnings, only to be ignored. The March report repeats the message. Ninety-five percent of the new jobs are in domestic services. The U.S. economy no longer creates jobs in export or export-competitive sectors.
Posted by Richard at April 23, 2006