One of the first signs to look for will be the names and backgrounds of the folks Donald Trump will appoint in his new administration. Especially his Chief of Staff and Secretary of State. I see that the President-elect of the United States of America is showing signs of “looking to old Wall Street hands” to fill some of the jobs that will be in his power to offer.
So, when President Trump has put America back on the road to prosperity, what will he do with the production surplus that his own people cannot purchase through lack of purchasing power, and to which countries will he export the surpluses in this age of the Robotic Revolution – far surpassing the productivity, along with the globalization and ‘unemployment’, of the 20th century?
Here is one example: American ‘Greg’ emailed the following to Canadian Wallace Klinck:
“Wally, there was a recent radio segment about Youngstown, [Ohio, USA], Steel country where mills long ago shut down. When a French steelmaker moved in to set up a new mill, [there was] initial rejoicing, but it needed to hire only 400 workers to do production formerly requiring 20-thousand workers. The factories come back but not the jobs.”