The American Dream Today
By the beginning of the 21st century, the industrial world was swiftly giving way to the digital world. The economy shifted from national to global. We, as American individuals, no longer have control over finding a good job and creating a long-term career.
The average length of time spent at a single job declined from 40 years to less than 5, and it’s still shrinking.
Innovation and abundant resources allowed the US to become a global economic empire. There is no shortage of factory workers; the labor supply is more abundant than ever. What is needed – as everyone knows – is more employment.
Globally, over three billion people need a good job, but less than half that many are available. The competition is great; in a global economy–where you are competing with people who live in countries where the cost of living is a fraction of yours–those who can afford to work for less will get the jobs.
In the US:
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Businesses are downsizing and outsourcing
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The dollar is devalued worldwide
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The cost of living is rising
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Technology is replacing the workforce