If all you're making is minimum wage, and you don't have the education, experience or prospects or better, you shouldn't be getting pregnant or getting someone else pregnant. Having children is a privilege, not a right, and a privilege for those who simultaneously have the minimum intellectual, moral and financial capacity to raise one or more.
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There is a final looming challenge. The Obama administration has staked its reputation on restoring jobs, and is spending aggressively to do so. Even as unemployment worsens in the months ahead, as it almost certainly will, economic data may well start to show growth—even robust growth. As companies continue their move away from industrial and manual-labor jobs, and accelerate the migration to a service-based, global economy, we may find a permanent pool of millions of unemployed in the midst of an economy that is otherwise doing well. The massive spending plans may succeed in preserving better jobs, yet do little to bring back the jobs that have been lost. Obama and Congress could face millions of angry and disillusioned, unemployed men—men who are young but still old enough to vote. For now, they are placing their hopes and their faith in a visionary leader. But if they see none of the benefits of those actions, they may turn elsewhere, and the dirty little secret of unemployment will be a secret no more.
Karabell is president of River Twice Research.
© 2009
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