Surprisingly, I agree with Obama on the overall reported plan. Lowering the corporate tax rate, decreasing the amount of tax breaks, and taxing offshore corporate income, can help revitalize the U.S. manufacturing sector. Manufacturing is the cornerstone of the economy. We'll see how this proposal evolves. Hopefully it will do some good.
The Maltusian model is back. According to the Wall Street Journal, the population growth in rural America is slowing. According to the Maltusian model, long term economic growth does not happen, rather population increases or decreases with economic output. With the decrease in population caused by the lack of jobs in rural areas, it appears to follow the Maltusian model.
Also reported in the WSJ this week, the amount of jobs for high school dropouts is decreasing at an increasing rate. Only 10% of high school dropouts have regular jobs. The return of manufacturing could increase this number substantially.
Byron (Siwelnor)
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