By Andrew J. Stiles, The Associated PressIn a world where the United States is one of the world’s most powerful economies, there are many people in the country who think it’s important to get rich quickly.
The country’s economic recovery has been remarkable, but the economy’s growth has been sluggish and the gap between rich and poor has widened.
That’s because of a combination of factors, including globalization, technology and the changing way we work.
“You could say we’re in the era of outsourcing,” said Doug Holt, the chief economist at the U.S. Bureau of Economic Analysis.
He said a growing number of companies are relying on low-wage workers in Asia and elsewhere, and the result has been a shift in productivity.
“There are going to be fewer people on the payroll,” he said.
Holt said that even as businesses are moving more jobs overseas, wages are not going up.
He said that if you look at productivity, the U .
S. is still behind most other countries in the developed world.
“We’re not going to catch up, especially with technology,” he added.
Holland said companies are shifting jobs overseas to save money and reduce the number of people on payrolls.
But he said the economy needs to do more to create more jobs in the United State.
“It’s a question of when do we start creating jobs?” he said, referring to the economy.
Hole in the wallThere are signs that America is making progress in that direction.
The economy has added more than 300,000 jobs in November, the largest gain since April.
But economists are skeptical about the overall trend, pointing to a lack of new companies coming into the country and a weak job market.HOLT said the jobs numbers are a mixed bag.
He called the jobs report a mixed success, but there are plenty of reasons to be optimistic about the economy, such as the economy creating jobs and the labor market getting stronger.
“This is not an overnight thing,” Holt said.
“You have a few months here, a few weeks there, you have this long tail of jobs that come in.”
The labor market, he said is still weak.
He cited a weak labor force participation rate as one reason why there’s a lack in workers in the workforce.
The jobs report comes as Congress is grappling with a number of issues, including the expiration of a $1.2 trillion tax cut for the wealthy.
There’s also a budget battle looming.
The House has passed a budget that includes a $54 billion boost for infrastructure and other measures that are critical to rebuilding the economy and creating jobs.
But the Senate has been fighting to repeal the stimulus package, a major overhaul of tax laws that helped the country grow and boost wages.
The tax bill is expected to be approved by the Senate next week.
The House is expected in session next week as well, and it’s possible that a budget bill could be passed by the end of the year.
But Holt said the stimulus will still be important.
“The stimulus will continue to be an important part of our recovery,” he predicted.
Holes in the WallMore to come