Categories: Show Notes

Americans figure out how to thrive in lean times

  | 
Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here.

America has its mojo back as more and more people learn to survive and even thrive in lean times.

There’s a national spirit of resiliency we have that I see when talking to people about opportunities they’re seizing when opening their own business, or coming up with new ways to live and put food on the table.

As I travel around the country, I love to tell people that manufacturing is not dead in America. It’s actually roaring back. But the jobs are not coming back at the same rate because so much manufacturing today is automated, requiring fewer and fewer actual people to run a factory.

Still, the good news is that we will once again be the exporting machine we were in the 20th century. We’re selling more and more to other countries. That speaks to our ability to continually reinvent ourselves. So despite the slower job growth, we figure out how to survive and then how to prosper.

As a country, we’ve been through a tough number of years where we thought prosperity was in the rear view mirror. But that’s not true at all. I mean, just look at Detroit.

I remember about three years ago being on a military base talking to young members of our armed forces about how they handle their money. I recall speaking with one husband of a soldier who was commuting to Detroit for work. He was wondering if he should buy some of the houses that were selling for $6,000 or $8,000.

I told the guy, “No, don’t even think about it. Detroit is never coming back.” Well, I was wrong. Even Motown is showing stirrings of life and vitality today.

The thing is, we as Americans underestimate ourselves after having spent much of the 20th century overestimating ourselves. We’ve got to remember that we have a lot of mojo in this country and it’s because of us and the way we tick as Americans. We have so much to offer the world and we’re doing it.

Editor’s note: Today’s broadcast originated from Janesville, Wisc., during a special Town Hall forum on economic recovery.  Special thanks to affiliate WCLO-AM 1230 for sponsoring the event.

This post was last modified on March 22, 2017 2:17 pm

Recent Posts

Chase Increases Sign-up Bonus for Popular Credit Cards for Limited Time

If you've been considering signing up for one of the Chase Sapphire credit cards, now…

2 days ago

6 Home Expenses You Have To Budget For (Beyond Your Mortgage)

The costs associated with owning a home go way beyond the amount on the mortgage. …

2 days ago

Should I Pay Off My Mortgage Before Retirement or Invest?

Inflation hits people on a fixed income the hardest. Say you're retired. You're living off…

3 days ago

Should I Fire My 1% Financial Advisor To Save on Fees?

Deciding to save and invest are great habits. But once you check that box, your…

4 days ago

Fubo Drops Popular Channels Amid Dispute with Warner Bros. Discovery

If you're considering subscribing to Fubo, you need to be comfortable missing out on some…

4 days ago

5 Things To Know About the Wells Fargo Signify Business Cash Card

Are you looking for a way to earn 2% back on every purchase you make…

4 days ago