It's Time to Face the Facts (Part 2)

Fact #5. Most of the Lost Jobs Will Not Return

What no one seems to understand is the fact that these job losses are not temporary. Most of them simply aren’t coming back. I’ll guarantee it.

The only jobs that will return are those that no one wants; the low-paying, no benefits, dead-end jobs. It’s the same situation that played out after the dotcom collapse.

This is part of the reason why there’s been no real recovery since 2001. As I discussed in America’s Financial Apocalypse, it was all an illusion fueled by a real estate bubble. It was another one of Greenspan’s bubble.