rebirth of cheap labor stalls growth

For those who cut the checks, less is more. On the other hand for those who cash and spend paychecks - more is more. With the rebirth of cheap labor paychecks are smaller and smaller which stalls economic growth and will continue to do so. Really, think about it, why would the average American working less hours, a reduced hourly rate, or both purchase a new Vizio 3D TV, a new Ford, a Maytag dishwasher? It would be just too risky -- and expensive when paying on a credit card, long-term, while hoping and wishing for a future paycheck to pay debts.

The bottom line is that the job market is still stinky - real smelly. Backfilling solid middle class jobs with 30 hours a week work, here and there, isn't getting it done. Oh btw, H1B-Visas are not helping much either. Why pay a decent wage to American citizens when you can import virtual slave labor for 12 - 16 hour workdays below market value and hold a green card over the worker's head? If the job market will not just correct itself (and the last 5 years is evident of the likelihood of that happening) and fear of big government cuts off a road of possibility, then from where/when does stable meaningful employment come?  

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the big bang job theory

The big bang job theory says less is more. While not quite like the The Big Bang Theory on your local idiot box, there are striking similarities. Like humans in general, the job market has, likewise, evolved. Most of the job market stagnation is due to none other than an innovation slow down. What else is there to innovate? Sounds like a simple question? Well he/she that can answer that question is likely to become rich and put a lot of people to work in the process.

Until a pickup occurs with respect to innovation, it's survival of the fittest. Better stated, survival of the best service. Service sells. Thus, the big bang job theory says "less is more." Larger corporations will become smaller while some wither away altogether. Entrepreneurialism will continue to grow as will small businesses. In doing so, service is absolutely critical. Those willing to connect with customers on an intimate personal level will sell and eat well. Those, who continue to look at customers as merely a number on a spreadsheet or quarterly financial statement, are living in the past. You know what happened to dinosaurs right (sure you do just watch Jurassic Park)?

We are living in the service age so sayeth the big bang job theory. Service sells. Bottom line, those that will continue to eat will have to connect with the customer on a personal level. Massive customer pools based on products alone are a thing of the past. Handcuffing customers with service agreements won’t save many companies either. In case it wasn't already clear -- service sells. Deal with it. Job will be created much more so in 2013 through 2016 through small businesses and entrepreneurs.

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