Marshall Cohen, a nationally-recognized forecaster of trends, was speaking at a gathering of hosiery manufacturers and suppliers this week and made a startling observation: Americans had better get used to it: our economic climate represents the new norm for the United States. Expect permanent unemployment rates of 10 per cent and if you are in the Hickory Metro area, it will be greater. There will be less money and fewer banks.
Jobs will continue to disappear. ATM machines mean banks need fewer tellers. Self-checkout stations in big box stores translate to fewer cashiers. In manufacturing, technology will assure that most jobs lost in the past decade are gone forever. President Obama and Democrats can’t change the course and neither can Republicans despite their “pledge with America.” (more…)
