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Go East, young man.

Horace Greeley's advice to young men in 1851 to go west was sound because that's where the economy was booming, there was a labor shortage, and opportunities abounded. Today, young Americans are going to the Orient to find those conditions, according to this NYT story. The US has a labor glut, and there is no improvement in sight. The rate of job creation in the US has been falling steadily since 2001 and no longer even keeps up with population growth. Let's do something about this.

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