Is 8% Unemployment Now the New "Normal"

Discussion in 'Current Events' started by BluePhantom, Jun 29, 2012.

  1. BluePhantom
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    BluePhantom Educator (of liberals)

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    I think 8% unemployment just may be the new "normal". From what I have heard from business managers and owners they were ready to slowly start to hire again but only if Obamacare was tossed out. With it being upheld the costs associated with labor just skyrocketed big time and the problem is that it's been almost four years and businesses know that workers will take what they can get at this point. Wall Street is doing fine, businesses are actually doing just fine because workers are willing to do more now for less pay so they don't NEED to hire. Add Obamacare in there and it makes it not only risky to hire, it makes it flat out stupid to do so.

    Five years ago 3% - 4% unemployment was solid. I seriously think that we just might be in a situation now where 8% is standard....and I will add in that we have Obama, Pelosi, and Reid to thank for it.
     
    Last edited: Jun 29, 2012
  2. BluePhantom
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    BluePhantom Educator (of liberals)

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    no comment on this thought? Really? Wow
     

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