Lack of Innovation Hurting U.S.

The U.S. domestic economy is getting hurt by major productivity improvements and the lack of new technological innovations that resulted in major job creation in the past.

U.S. corporations are more efficient than ever resulting in record profits, but unfortunately this efficiency has meant that fewer people are needed to run these companies.

New industries and innovations need to drive U.S. job growth. Unfortunately since Google and Facebook, there has not been major new industries or innovations in recent years that have resulted in major increases in employment.

Our country can only support so many teachers, healthcare workers, and government workers.

If the U.S. does not continue to innovate, we will ultimately lose our place as the most admired economy in the world.