If you think about it, people still eat out; buy materials for home repair; use gasoline for their automobiles; shop at malls and flea markets; attend concerts and movies; socialize at bars and nightclubs; travel for business and vacations; work as cooks, dishwashers, garbage collectors, auctioneers, clerks, data processors, painters, artists, teachers, farm workers, janitors, receptionists, musicians, actors, lawyers, investigators, athletic trainers, coaches, accountants, credit collectors, reporters, doctors, nurses, real estate agents, promoters, travel agents, engineers, consultants, and so forth. In addition, we continue to see roads and bridges repaired or widen; houses renovated and constructed; new technology spring forward; stock market prices gyrate; goods of all types produced and sold; and the farming of livestock and crops.
Technically, most experts might define the new economy as being knowledge and service opportunities, but no longer manufacturing or the 9 to 5 work time. Yet, time and time again, cities regularly compete to land new plant like facilities, whether a maker of clothes, computer parts, cars, machinery, etc. And so enters the need to inquire of US competitiveness, given the cheapest labor costs are considered to exist primarily abroad, whether you attach that to China or India. Quite interestingly, it leads to a discussion of today’s existing jobs, in relations to what is expected for the future.
No doubt, such evaluations warrant a look into trends and headlines involving unions verses management, modifications of healthcare and pension benefits, collective bargaining tactics and strains, and the impact of automation and lower wages employed by national and foreign manufacturers, to name a few. Furthermore, we as consumers are left to ponder using our vote to best reflect personal pocketbook priorities; for which, we cannot escape the pinch of housing market conditions to gasoline prices. What a tangle web woven; the stuff for possible entrepreneurial growth. And so, would you really think civil liberty protections are not important, while trying to find the new economy?