Jobs are the fundamental resolution to our global problems.
Failure to realize this simple point will doom us all to chaos and diminishing returns in any of our attempts to fix the economy.
When companies make micro-economic labor choices, viz., layoffs, etc. then it may stave off that particular company's demise. When many companies do so globally, then it aggregates to profound effects. This is the micro-economic decisions having macro-economic effects.
Keeping employment up is the best prophylactic against protests and social turmoil. Working people have no time to protest and worry about the precariousness of their economic position.
We're in for trouble on a global scale because out-sourcing of labor will not save companies when the market is full of the unemployed. The unemployed have no means to purchase even cheap goods and services.
We're now in a time where the global economy is a zero-sum game.
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