Real Estate Billionaire Raises Alarm  About Low-Paying US Jobs – ‘Sets Stage For Social Unrest’


And a least one American billionaire was in Davos this week to talk about an unstable future if the economy is not restructured. Jeff Greene, who amassed his fortune in the US real estate market, raised concerns about low-paying American jobs when he spoke at the World Economic Forum, according to Bloomberg.

Mr. Greene warned that the United States faces an unprecedented job crisis that will cause social unrest and could spur a major change in American politics. “I’m remarkably long for my level of pessimism,” he told Bloomberg. “Our economy is in deep trouble. We need to be honest with ourselves. We’ve had a realistic level of job destruction, and those jobs aren’t coming back.”

Greene went onto say that even if some jobs that were outsourced made it back to US shores, they would likely be performed by robots or computer programs.

Read more: http://www.csmonitor.com/Business/new-economy/2015/0124/At-Davos-rising-income-inequality-worries-some-billionaires-too#ixzz3PlbFpBv0

 

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