Why No Jobs?

    It's really simple. There are only two reasons.
    Both reasons relate to manufacturing or more generally to the production of goods. The first reason is that manufacturers in the US have consistently become more efficient in their production through use of machinery, which automatically reduces the need for employees.
    The second reason is that there are many areas where goods production has been exported, which means that foreigners are holding jobs to produce goods for us. An example is clothing.
    I will not address what we can do about it. We will leave that to the politicians.
    I doubt whether we will want to force our US manufacturers to become more inefficient, although we have been moving in that direction with a boatload of unnecessary regulations.
    Another option is to do nothing, which will leave higher rates of unemployment. Those holding high paying jobs will then pay high taxes to support the unemployed. This is the route we are following now.