bridgebuster, thanks for both giggles. Hopefully I take the good from my parents and not too much of the bad. I realize time and life's realities harden folks, but when I hit senior citizen status hopefully I wont joke about social security paying for my hobbies or any other such crap as I often hear from the "its my money" crowd.
I believe the bit about job growth and bones is a veiled reference to US manufacturing. From the peak in 1979 employing ~12% of Americans we're now down to ~6%. Others can point to a wide variety of causes but IMHO it all stems from taking the industry for granted in most every manner possible, sucking out as much value as possible and leaving little for the future. We developed a greedy Walmart mentality through the 80s-early 2000s - pay little and expect a lot. I've heard many arguments against US manufacturing since I was a kid in the 80s, IME boomers are pretty against US manufacturing as a whole. Good = third world labor = cheaper prices = less pollution = "not in my neighborhood" = higher corporate profits = higher dividends = rising stock values = higher retirement account balances. Nevermind supporting your neighbors' jobs, they should've gone to college. In many like my hometown, manufacturing was the fallback for the poor, the less able, and those whose plans failed otherwise. Now its gone in many areas and the only fallback left is either Walmart or BK. The value sucked out of manufacturing didn't go to make the 1% richer, it paid for most folks' selfishness and demand for cheap. Its much like social security today, how many of today's seniors do you know not collecting? Last I knew we had more than 1000 millionaires collecting. JME, but many of the "greatest" generation I knew never collected including my grandfather, he worked til he died at 77.