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Well, according to what I've read the economy needs 2 million jobs a year just to absorb new workers. We're not there yet, and it's uncertain whether we _will_ get there.
If the number of jobs continues to increase slower than the workforce, there'll still be big trouble. And if the newly created jobs are of lower quality, pay, and benes than the manufacturing jobs and tech jobs that are going offshore, the newly employed still will not feel particularly happy.
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