While I agree that he is not a good President - he is dead on with this one.
Internet and computerization/technology has caused far more job losses than it has created.
What?????????????????????????????????????????????
this is fact.
But it needs to be understood that it not only caused jobs to be lost...but those jobs will never be regained.
As more people buy on line, the less need there will be for retailers.
People who buy on line are not buying from knee jerk reacting...impulse buying....they are buying knowing they will not have the product for days...soemtimes weeks....
This allows a manufacturer a little lee way and does not need to manufacture more for inventory...and instead, he can manufacture more in line with demand.
I can go on...but it happnes to be fact. We have lost jobs we will never regain...and will continue to do so for many years to come.
Computers caused huge job losses too. When was the last time you met a linotype operator? But after a huge number of such jobs were lost in the 1960s and 1970s unemployment declined, as people retrained for other job skills. Hell, 90% of Americans used to work in agriculture, and many of those jobs were eliminated by technology. But that doesn't mean that 80% of Americans are unemployed as a result.
No, lack of jobs is due to Obama and his stupid policies, not the internet, ATMs, or Japanese tsunamis.