9.8 ...Unemployment

[The T]

Any specifics on what this admin could do to get people working?
Aside from the mythological tax cuts and deregulation.

I do agree that this admin AND the congress (both sides) have sat on their butts about the jobs issue though.

Yeah. Government needs to get out of the way and allow the marketplace to function.
Please do not start that "no regulations" bullshit. That is not a valid response.

It's all they've got. If you're not in favor of Euro-socialism then you must be for abolishing the fire dept in your town. You're either a flaming socialist like they are or want the U.S to become Somalia. They cannot think any deeper than this.

-Two Dimensional-

 

[jillian]

Yeah. Government needs to get out of the way and allow the marketplace to function.
Please do not start that "no regulations" bullshit. That is not a valid response.

says who? you?

there is no such thing as "free market". it failed the first time around and left huge poverty because a middle class does NOT exist in a totally free market.

 

[thereisnospoon]

Shrinking government would mean less tax collections, would mean more National debt. We can either hire more government workers, or give everybody a massive tax cut.

yea!!!!! more workers more workers more workers....because we all know gov. workers generate revenue and create wealth....

Yes they do, they buy things with their salary just like private industry workers.

How much do we hand out in unimployment beneifts? When that ends the econonomy will take a hit equal to that amount in consumer spending..

How much does the health care industry make annually off of medicare and medicaid?
Umm virtually the same amount we spend on those programs. Lots of medical workers would be liad off if we closed those programs.

The FACT is for every dollar spent on social programs aroungd 90% rolls immediately back into the pockets of US businesses.

Military spending does not roll nearly as high of a percentage back into the US economy though.

WRONG....If there is any defense unemployment vs creating taxpayer funded jobs it's this. Federal workers on average are paid one third more than people doing similar work in the private sector. Also, federal workers DO NOT contribute to the social security system. Additionally each federal worker enjoys virtual lifetime job security and will at retirement draw a very expensive benefit and pension package. No thanks.
Federal employment should be slashed significantly. The taxpayers cannot continue to support a pay and benefit system for people who produce nothing. Government produces nothing. It generates no product. Government only consumes.
The country's strength relies solely on the private sector and especially small business.
"Putting America back to work" does not mean creating more government bureaucracy.

 

[thereisnospoon]

How will the GOP's Summer of Recovery look if Bank of America goes the way of Enron by Memorial Day?

"In an October 2009 interview with Computerworld, Mr. Assange said that he had obtained copious amounts of data from a Bank of America executive’s hard drive.

"From the Computerworld piece:

“'At the moment, for example, we are sitting on 5GB from Bank of America, one of the executive’s hard drives,” he said.

“'Now how do we present that? It’s a difficult problem. We could just dump it all into one giant Zip file, but we know for a fact that has limited impact. To have impact, it needs to be easy for people to dive in and search it and get something out of it.'”

Wiki's Summer Storm?

Here we go with the wealth Envy crap again. 'Scuse me? But wasn't it Democrats (VP Joe Bite Me) that proclaimed "Summer Of Recovery"?

People are sitting on money because of the horsecrap this administration has been dishing out for the past 2 years and I don't blame them for sitting on it.

Why would anyone invest in anything right now knowing over half of it will be taken from them and spent on Socialist folly?

There has been nothing but attack after attack on American business and capitalism while this Government spends us further into the hole a-la EU and other despot nations.

Americans are waiting to see what the new GOP House is going to do. Watchword here is cautious optimism for even the GOP is on double secret probation in the eyes of the people that sent them.

The economy has recovered. There are no jobs because thanks to you free traders, we have an economy that doesn't require mass amounts of labor to run, and expand.

Yes the need for fewer workers is what other modern industrialized nations have been accomplishing for three decades.
It's about time we decided to get caught up and regain some kind of competitive edge.
Look, you cannot sit there and complain about globalization if you insist on doing things they way they have always been done. That is, manufacturing that requires high numbers of employees to complete the work.
In modern manufacturing, automation is king.
Where as 30 years ago it took for example three people to run an industrial lathe, now it takes one person to run five of them. Plus, it takes one person who is highly trained in technology and problem solving.
This is the future. US businesses need to catch up and the unions that have the singular purpose of creating employment must step aside.
It is better to have fewer people doing the work than no one doing any work.

 

[thereisnospoon]

Sheez ... that's what 4 years of Democrats controlling the purse strings gets you...

Well that and over 14 trillion in national debt..

The bulk of that national debt was piled on by Republicans.

Not conservative republicans. RINOs.
Many of those people were fired in 2008. And many more were strongly advised to not seek re-election in 2010.

 

[The Rabbi]

Yeah. Government needs to get out of the way and allow the marketplace to function.
Please do not start that "no regulations" bullshit. That is not a valid response.

says who? you?

there is no such thing as "free market". it failed the first time around and left huge poverty because a middle class does NOT exist in a totally free market.

If there is no such thing as "the free market" then how could it have failed the first time around?
Exhibiting your classic lawyering skills and impressive command of logic?

 

[The Rabbi]

Here we go with the wealth Envy crap again. 'Scuse me? But wasn't it Democrats (VP Joe Bite Me) that proclaimed "Summer Of Recovery"?

People are sitting on money because of the horsecrap this administration has been dishing out for the past 2 years and I don't blame them for sitting on it.

Why would anyone invest in anything right now knowing over half of it will be taken from them and spent on Socialist folly?

There has been nothing but attack after attack on American business and capitalism while this Government spends us further into the hole a-la EU and other despot nations.

Americans are waiting to see what the new GOP House is going to do. Watchword here is cautious optimism for even the GOP is on double secret probation in the eyes of the people that sent them.

The economy has recovered. There are no jobs because thanks to you free traders, we have an economy that doesn't require mass amounts of labor to run, and expand.

Yes the need for fewer workers is what other modern industrialized nations have been accomplishing for three decades.
It's about time we decided to get caught up and regain some kind of competitive edge.
Look, you cannot sit there and complain about globalization if you insist on doing things they way they have always been done. That is, manufacturing that requires high numbers of employees to complete the work.
In modern manufacturing, automation is king.
Where as 30 years ago it took for example three people to run an industrial lathe, now it takes one person to run five of them. Plus, it takes one person who is highly trained in technology and problem solving.
This is the future. US businesses need to catch up and the unions that have the singular purpose of creating employment must step aside.
It is better to have fewer people doing the work than no one doing any work.

Liberals see people as liabilities. COnservatives see them as resources. Liberals see the unemployed as at least not taking a limited number of jobs. Conservatives see them as wasted resources that could be employed in wealth-building endeavors.

 

[pinqy]

Williams takes BLS data and corrects it for the methodology change that excludes Long Term Discouraged Workers Who Have Given Up Looking For Jobs.

It makes perfect sense to anyone with a knowledge of statistics and economics.

Moron. Trying learning about how unemployment is measured. There are 6 different levels in the BLS stats.

U6, the broadest measure of labor force under utilization is 17% (although this is not fully reflective of such as it excludes long term discouraged workers).

Table A-15. Alternative measures of labor underutilization

In 1994, the BLS eliminated Long Term Discouraged Workers from the UI stats.

Not counting people who have given up looking is a distortion of reality.

I know how it is calculated - and disagree with the statistical change of excluding long term discouraged workers from the calculation.

The government IS distorting the numbers with this gimmick.

You prove with every post you have no idea what you're talking about. Let's deal with "In 1994, the BLS eliminated Long Term Discouraged Workers from the UI stats." Terminology is important..."UI" stands for Unemployment Insurance. BLS has nothing to do with those. I assume that was just a typo and you meant UE, but you're still wrong. Here's the 1993 definition:

Unemployed persons are all civilians who had no emploment during the survey week, were available for work, except for temporary illness, and had made specific efforts to find employment some time during the prior 4 weeks. Persons who were waiting to be recalled to a job from which they had been laid off or were waiting to report to a new job within 30 days need not be looking for work to be classified as unemployed

The current definition, since 1994 is

All persons who had no employment during the reference week, were available for work, except for temporary illness, and had made specific efforts to find employment sometime during the 4-week period ending with the reference week. Persons who were waiting to be recalled to a job from which they had been laid off need not have been looking for work to be classified as unemployed.

So how are you figuring that "long term discouraged" were eliminated when no discouraged were included at all? Before 1967 it was possible for discouraged workers to be included, but it was never done systematically...it was all interviewer discretion depending on the local area.

As for Williams' ridiculous 22%...you'd have to add approx 10,000,000 more people to the U-6 to get that number, yet out of those Not in the Labor Force, only 6,218,000 say they want a job (and a lot of those are already counted in the U-6 as marginally attached). So where is Williams getting 10,000 people from?

 

[The T]

The economy has recovered. There are no jobs because thanks to you free traders, we have an economy that doesn't require mass amounts of labor to run, and expand.

Yes the need for fewer workers is what other modern industrialized nations have been accomplishing for three decades.
It's about time we decided to get caught up and regain some kind of competitive edge.
Look, you cannot sit there and complain about globalization if you insist on doing things they way they have always been done. That is, manufacturing that requires high numbers of employees to complete the work.
In modern manufacturing, automation is king.
Where as 30 years ago it took for example three people to run an industrial lathe, now it takes one person to run five of them. Plus, it takes one person who is highly trained in technology and problem solving.
This is the future. US businesses need to catch up and the unions that have the singular purpose of creating employment must step aside.
It is better to have fewer people doing the work than no one doing any work.

Liberals see people as liabilities. COnservatives see them as resources. Liberals see the unemployed as at least not taking a limited number of jobs. Conservatives see them as wasted resources that could be employed in wealth-building endeavors.

Another post that I cannot give proper REP to. Rabbi? *I owe You for this one too*

 

[thereisnospoon]

Yeah. Government needs to get out of the way and allow the marketplace to function.
Please do not start that "no regulations" bullshit. That is not a valid response.

says who? you?

there is no such thing as "free market". it failed the first time around and left huge poverty because a middle class does NOT exist in a totally free market.

You claim to be an attorney. Ok let the record show I stipulate to that.
So, who is paying you? Is it not market based capitalism that allows you to earn a wage? Or are you exclusively doing pro bono work for the poor?
And yes, sez me and a bazillion other people who own small and medium sized businesses that would like to expand and then hire new people. Our illustrious leaders in the pillared concrete structures are leading us down a dark road without a headlight.

 

[thereisnospoon]

Yes the need for fewer workers is what other modern industrialized nations have been accomplishing for three decades.
It's about time we decided to get caught up and regain some kind of competitive edge.
Look, you cannot sit there and complain about globalization if you insist on doing things they way they have always been done. That is, manufacturing that requires high numbers of employees to complete the work.
In modern manufacturing, automation is king.
Where as 30 years ago it took for example three people to run an industrial lathe, now it takes one person to run five of them. Plus, it takes one person who is highly trained in technology and problem solving.
This is the future. US businesses need to catch up and the unions that have the singular purpose of creating employment must step aside.
It is better to have fewer people doing the work than no one doing any work.

Liberals see people as liabilities. COnservatives see them as resources. Liberals see the unemployed as at least not taking a limited number of jobs. Conservatives see them as wasted resources that could be employed in wealth-building endeavors.

Another post that I cannot give proper REP to. Rabbi? *I owe You for this one too*

I took care of it. I repped him after I read his post.

 

[The T]

Liberals see people as liabilities. COnservatives see them as resources. Liberals see the unemployed as at least not taking a limited number of jobs. Conservatives see them as wasted resources that could be employed in wealth-building endeavors.

Another post that I cannot give proper REP to. Rabbi? *I owe You for this one too*

I took care of it. I repped him after I read his post.

And it appears that I owe you as well. Thanks.