It is common knowledge that the employment situation is at one of the worst states ever for the US (illustration below shows the last 5 years). But it has now reached an apex. Private sector job creation for the last decade is at a virtual 0%. This makes me think three things.
- The first is that the world is flat and anything that can either be automated/made routine will be.
- The second thought is there hasn’t been any employment game changers since the internet. For instance, in the early part of the decade the automobile changed the US. Then science took over with nuclear energy and bombs. Then computers. Health care and energy each have the potential, but they are so political that organic ideas get choked off.
- And finally, the third is that leadership is no longer bold. Many leaders simply protect what they have, they play it safe. JFK wanted a man on the moon before the 1960s ended. And it happened. Ask yourself when the last time you were inspired?
Check these job charts out (courtesy of the NY Times):