Are the best days of the US economy over.

I've was told my Radio National, around 1999, every Monday morning Life Matters program, during last ten minutes, money expert host talking about money, saying there exists an economic development process, which ends in it's last description as a services industry economy.

Ideas can be easily assumed by the theory; First Japan, followed by Korea, followed by China, with a few other Asian smaller countries somewhere in between.
Japan manufactured motor vehicles, then Korea, now China.

Before 1990, news media frequently reports: Tokyo real estate was so expensive, if Tokyo real estate prices crashed, the world would go into a depression. After the Nikkei index hit 40,000, crashed to 20,000. Banks stocks being responsible for much of the crash. ABC Lateline program (after 1992) often showing how bank managers were persuading retired workers to invest in bank stocks.
Tokyo real estate high valuations speculative bubble (which would have crashed because Japanese banks couldn't lend money) was never heard of by myself again. What I did hear in 1999 was that media fear stories often result in nothing happens. One more Apocalypse is coming, nothing happens.
What happens is that Japan's economy moves into another cycle, probability that this cycle is called a service industry economy. Allowing other Asian countries to take up any industrial demand. Starting the industrial economy cycle replacing more agricultural society.

US has developed their country to a point were hamburger; pizza; chicken, fast foods service industries have reduced workers skills down to subsistence wages. Shown in the website link provided.

The below website, rather easy to follow video explains somewhat my point:
http://www.pbs.org/newshour/bb/are-the-best-days-of-the-u-s-economy-over/

PBS Newshour story is little more than acting out market forces capitalism as though what happens happens.
I didn't hear that some guiding committee of rich class people were expanding out across the plains to California. Getting an industrial boom period' developing working class wealth, persuading working class to invest in railway company stocks, that once the railways were finished, railway companies stocks crashed and companies went broke. The book most probably wouldn't mention down side events happening at the time, low interest rates encouraged investors to borrow money from banks to buy railway stocks, allowing the rich people in the committee “boys club” to sell out of the market before railway stock price started to fall. Making rich people richer then before railway companies commenced.

The man flogging his book, gives some ideas of what the book is about. Myself, not having read the book, yet I believe the book is too thick for conclusive reading statements. The book I assume will ramble on and on with few clear statements, punishing thinking readers future attempts to read similar books, while dazzling Neanderthal readers in feeling they've read something worthy, that they actually learned something.

Book's similar punishing curiosity to Julian Assange's many Afghanistan and Iraqi military reports.

This above reading describes another propaganda tactic, similar to schooling, as in wearing down readers curiosity.
Even though people were to suddenly think about above ideas, fear of thinking similar thought of similar forced school/university readings will result in people pulling away from such thoughts.

Further readings:
https://en.wikipedia.org/wiki/Service_economy

The 1970 end of growth period mentioned had Richard Nixon's “we are all Keynesians now”. Followed by twenty years of high wage inflation and rising interest rates.

https://en.wikipedia.org/wiki/We_are_all_Keynesians_now

After 2008 GFC, starting the Great Recession, US unemployment increased to 10%.

An environment of high unemployment, crime picks up. To counter high crime rates, police forces numbers increase. Building jails to hold people arrested for committing crimes increases needs for prison guards and prisoner services. Prisoners consume fewer resources while incarcerated locked up in jail. Once sufficient services industries labours have been provided, unwanted labour unemployment will remind working class of the punishments of unemployment. Citizens are to be satisfied with employment they have.
This is true capitalism, the playing off of working class labours against each other. That politicians are merely last hope inspirations to hold on, wait and see after next elections for change.

Media: sports, movie and music entertainment; violence and murder stories; political and finance news propaganda; huge government deficit concerns; images of printed money; foreign wars; foreign terrorism; seen television commercials charity needs of starving children in African countries; an introduced medical care system that doesn't work correctly; foreign countries with worse economic problems, are all propaganda used to slow and or prevent citizens marching in the streets protests.

Periods where an above list are often introduced, some imposed unpopular tax may be introduced.

US federal government's trickle down economic policy, allowing the rich to get richer, allowing working classes to provide services to a rich class. Politicians and friends being of the rich class. Service industry economies suit rich class after the rich have provided themselves with suitable modern homes.

The rich class supposedly being educated, has myths that to enter into the rich class, citizens need to pay for a good education coming from a good university or college, which in most instances creates large on-going debt obligations with few employment opportunities in service industry economy environments.

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If PBS website viewing was desirable. Set dvr/pvr to last 30 minutes of PBS Newshour, Thursday afternoons. Or go to pbs.org/newshour

If PBS website viewing was desirable. Set dvr/pvr to last 30 minutes of PBS Newshour, Friday afternoons. Or go to pbs.org/newshour

Thursday in the US is Friday in Australia.

sorry for wrong day.

Many people may say PBS is public donations poor productions. Most bad media need to show something interesting to get people to watch many other badly presented information.

Even though people listening to PBS Newshour ramblings, people judging rambling politics interviews can't be listened to, may not conclude political ramblings as made up lies. Interviewed people good at rambling, placing known names into conversations, anecdotally proves truth in whatever is bing spoken about.

Even though no one is listening to entire ramblings, some people bother to know what a conversation was supposed to be about. One more idea of propaganda.

Not that much difference than priests going on about saints and sinners.

I have summited a second reading to this forum regarding children's education.

As I have submitted the first post, the post was rejected on the grounds the administrator believed the gramma was bad.

The next day I attempted to make the reading easier to read. Once again the post was rejected. The comment was "he can't make sense of it".

Next reading I should post, "is the Internet really a free open forum for criticising democratic governments".

A conclude the administrator is either bias towards his education; is reject anything that criticises government education; or the one I believe, can't think, using his emotions to make decisions.
Administrator posts what the administrator easily understands, feeling good about what's read.

Next reading is the last post submitted, title being:

"Are Tax Payers taxes being used to pay out welfare benefits to the intentionally badly educated?"

Are political system and government bureaucrats intentionally badly educating people down to a graded skilled ability. Grading school classrooms A, B, C, D. Depending on the A to the lowest lettered grade a chosen school provides. Children's entire futures depend on children's first day at school.

Many adult workers capable of limited-thinking repetitive manual labours, coming from lower than A graded classes. As society's labour force needs are fulfilled, needing only a limited number workers. Unwanted citizens wanting to work for a full wage income, many citizens are deemed so badly behaved and or unfit for employment: drug and alcohol addictions; mental illness; too lazy to want to work. Citizens are deemed unemployable, and placed onto low income Centrelink Social Security.
Many badly thought out' in need of money behaviours, leading to no wage income jail incarceration.

On the last days of January 2016, aged five and six years children were attending their first days at schools.

On the first day at school, on an evening news story: A quick statement by an adult about young children's first day at school... an adult female saying, “children are being aptitude tested” to sort out children who can read, to children who don't know what alphabet letters look like.
An adult female, I assume was a teacher, was saying how sorting out young children who were not well behaved due to parents poor parenting.

Mixing badly behaved children with clueless children, placing children in lowest letter grades. Teachers forcing a standard curriculum on clueless and badly behaved children, children are going to stay clueless and badly behaved... children moving towards medicating sports activities.

My arguments are that young children not prepared to begin 13 years of school academic learning, many grown up badly educated adults are going to end up on and or be the cause of Centrelink social security welfare: marriage backups; Asperger's Syndrome; mental depression; unemployable bipolar behaviours; family violence leading to child foster care; unemployable childish thinking skills behaviours.

Steve101