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Again, that is not true. The majority, 19+ million, part-time workers only want to work part-time. Only 8+ million are working part-time for economic reasons DOWN from 9+ million when Obamacare was passed!... So the fact that nearly 70% of all new jobs created is part-time...is a HUGE blow to the economy.
I realize he is being obtuse to protect the dear leader.
Are you suggesting the President is responsible for the relatively high number of part-time jobs?
SUGGESTING,it's not suggestion it's fact,due to his stupid health insurance plan employers are changing to part timers to avoid the high cost of insurance coverage.I voted for Obama in 2008 because he promised single payer,reasonably priced insurance .And then he sells us out by letting in expensive middle man(insurance co.)costs.
If it's not about the law, then why bother to mention it...
I didn't. I was responding do a comment on the morality of offshore bank accounts. I, along with millions of other Americans, find them immoral because the holders of the accounts are not carrying their share of the burden. America costs money. They should pay everything they owe.
The burden of what? America is merely a territory made up of 315 Million Citizens. It doesn't cost money to run. The country is not going to disappear simply because people decide to leave, or if people decide to participate in a different economy all together.
That's not what I meant. Microsoft became successful because it could tap the talents and energy of American workers. It took advantage of the technical innovations developed by Americans in America. It was protected by American laws. The staff, from Bill Gates to the guy holding the lowest paying job, were able to enjoy an American lifestyle and standard of living in America. They have to contribute to the cost of all that.
The burden of what? America is merely a territory made up of 315 Million Citizens. It doesn't cost money to run. The country is not going to disappear simply because people decide to leave, or if people decide to participate in a different economy all together.
Again, that is not true. The majority, 19+ million, part-time workers only want to work part-time. Only 8+ million are working part-time for economic reasons DOWN from 9+ million when Obamacare was passed!Are you suggesting the President is responsible for the relatively high number of part-time jobs?
SUGGESTING,it's not suggestion it's fact,due to his stupid health insurance plan employers are changing to part timers to avoid the high cost of insurance coverage.I voted for Obama in 2008 because he promised single payer,reasonably priced insurance .And then he sells us out by letting in expensive middle man(insurance co.)costs.
Yup. All completely true. True of Somalia, also, though the number of citizens is different. It does not cost money to run Somalia. And it has not disappeared. So, why worry. Be happy.
Is Somalia the happy Libertarian economy??
According to this article... if job growth stays the same, it will still take us 6 years to get back to a healthy job market. Not good.
*****************************************************************
Editor's note: Heidi Shierholz is a labor market economist with the Economic Policy Institute in Washington. She is a co-author of "The State of Working America."
(CNN) -- On Labor Day, we celebrate the American worker. And more than four years since the Great Recession ended in June 2009, the unemployment rate is 7.4%, a big improvement from the high of 10% in the fall of 2009. Unfortunately, the rate is hugely misleading: Most of that improvement was for all the wrong reasons.
Remember, jobless workers are not counted as being part of the labor force unless they are actively looking for work, and the decline in the unemployment rate since its peak has mostly been the result of workers dropping out of -- or not entering -- the labor force.
According to Congressional Budget Office estimates, if the labor market were healthy, the labor force would number about 159.2 million. But the actual labor force numbers just 155.8 million. That means about 3.4 million "missing workers" are out there -- jobless people who would be in the labor force if job opportunities were strong.
Given the weak labor market, they're not actively looking for work and so aren't counted. If those missing workers were actively looking, the unemployment rate would be 9.4%.
We need 8.3 million jobs to get back to the prerecession unemployment rate, considering the 2 million jobs we are still down from the start of the Great Recession in December 2007 plus the 6.3 million jobs we should have added since just to keep up with normal growth in the potential labor force.
Opinion: Jobless rate is worse than you think - CNN.com
And yet corporate America is sitting on >$100 Trillion in cash. Maybe we should cut taxes for business.....
They are sitting on $100 Trillion on paper anyway. Many of these profits are unrealized, as debt-to-equity ratios pushes closer to pre-recession trends. Much of this money is borrowed, which may be used solely for their operational cost rather than to make new investments. Many of the shortfalls in the economy are due to investments spending in the production structure of the economy.
And yet corporate America is sitting on >$100 Trillion in cash. Maybe we should cut taxes for business.....
So they could generate more cash they wouldn't invest?
I don't think so. Instead we should be taxing cash and cash equivalent balances. We should make them spend the money or take it away from them.
And the FACT that the number of people working part-time who would rather work full-time WENT DOWN by 877,000 since Obamacare was passed, from 9,122,000 to 8,245,000 would blow that argument out of the water. If what he said was true, wouldn't that number have increased rather than decrease???Again, that is not true. The majority, 19+ million, part-time workers only want to work part-time. Only 8+ million are working part-time for economic reasons DOWN from 9+ million when Obamacare was passed!SUGGESTING,it's not suggestion it's fact,due to his stupid health insurance plan employers are changing to part timers to avoid the high cost of insurance coverage.I voted for Obama in 2008 because he promised single payer,reasonably priced insurance .And then he sells us out by letting in expensive middle man(insurance co.)costs.
He said employers are changing to part timers to avoid the high cost of insurance coverage, not employees. Whether or not employees choose voluntary or involuntary employment has no barring on employers hiring preference.
Please. Stop confusing them with actual numbers. They choose to believe what they want. And they want to believe the us needs to stay with unrestricted private health insurance. It worked so well for all those years. Meaning, of course, we pay twice what other industrialized nations pay and the insurance industry GETS RICH. And besides, the fact was that health care costs were number 1 in the cause of bankruptcies.And the FACT that the number of people working part-time who would rather work full-time WENT DOWN by 877,000 since Obamacare was passed, from 9,122,000 to 8,245,000 would blow that argument out of the water. If what he said was true, wouldn't that number have increased rather than decrease???Again, that is not true. The majority, 19+ million, part-time workers only want to work part-time. Only 8+ million are working part-time for economic reasons DOWN from 9+ million when Obamacare was passed!
He said employers are changing to part timers to avoid the high cost of insurance coverage, not employees. Whether or not employees choose voluntary or involuntary employment has no barring on employers hiring preference.
Actually that 877 thousand decrease from 9 million to 8 million includes people who could only find part-time work. The workers who actually had their hours cut has gone DOWN 1.12 million since Obamacare was signed into law from 6,297,000 to 5,177,000.
1. Medical Expenses
A study done at Harvard University indicates that this is the biggest cause of bankruptcy, representing 62% of all personal bankruptcies. One of the interesting caveats of this study shows that 78% of filers had some form of health insurance, thus bucking the myth that medical bills affect only the uninsured.
Rare or serious diseases or injuries can easily result in hundreds of thousands of dollars in medical bills - bills that can quickly wipe out savings and retirement accounts, college education funds and home equity. Once these have been exhausted, bankruptcy may be the only shelter left, regardless of whether the patient or his or her family was able to apply health coverage to a portion of the bill or not.
http://finance.yahoo.com/news/pf_article_109143.html
Unfortunately, when I post the actual numbers it usually kills the thread.Please. Stop confusing them with actual numbers. They choose to believe what they want. And they want to believe the us needs to stay with unrestricted private health insurance. It worked so well for all those years. Meaning, of course, we pay twice what other industrialized nations pay and the insurance industry GETS RICH. And besides, the fact was that health care costs were number 1 in the cause of bankruptcies.And the FACT that the number of people working part-time who would rather work full-time WENT DOWN by 877,000 since Obamacare was passed, from 9,122,000 to 8,245,000 would blow that argument out of the water. If what he said was true, wouldn't that number have increased rather than decrease???He said employers are changing to part timers to avoid the high cost of insurance coverage, not employees. Whether or not employees choose voluntary or involuntary employment has no barring on employers hiring preference.
Actually that 877 thousand decrease from 9 million to 8 million includes people who could only find part-time work. The workers who actually had their hours cut has gone DOWN 1.12 million since Obamacare was signed into law from 6,297,000 to 5,177,000.
Please stop confusing them.
1. Medical Expenses
A study done at Harvard University indicates that this is the biggest cause of bankruptcy, representing 62% of all personal bankruptcies. One of the interesting caveats of this study shows that 78% of filers had some form of health insurance, thus bucking the myth that medical bills affect only the uninsured.
Rare or serious diseases or injuries can easily result in hundreds of thousands of dollars in medical bills - bills that can quickly wipe out savings and retirement accounts, college education funds and home equity. Once these have been exhausted, bankruptcy may be the only shelter left, regardless of whether the patient or his or her family was able to apply health coverage to a portion of the bill or not.
Top 5 Reasons Why People Go Bankrupt - Yahoo! Finance
Job loss was number 2.
And the FACT that the number of people working part-time who would rather work full-time WENT DOWN by 877,000 since Obamacare was passed, from 9,122,000 to 8,245,000 would blow that argument out of the water. If what he said was true, wouldn't that number have increased rather than decrease???Again, that is not true. The majority, 19+ million, part-time workers only want to work part-time. Only 8+ million are working part-time for economic reasons DOWN from 9+ million when Obamacare was passed!
He said employers are changing to part timers to avoid the high cost of insurance coverage, not employees. Whether or not employees choose voluntary or involuntary employment has no barring on employers hiring preference.
Actually that 877 thousand decrease from 9 million to 8 million includes people who could only find part-time work. The workers who actually had their hours cut has gone DOWN 1.12 million since Obamacare was signed into law from 6,297,000 to 5,177,000.
Unfortunately, when I post the actual numbers it usually kills the thread.Please. Stop confusing them with actual numbers. They choose to believe what they want. And they want to believe the us needs to stay with unrestricted private health insurance. It worked so well for all those years. Meaning, of course, we pay twice what other industrialized nations pay and the insurance industry GETS RICH. And besides, the fact was that health care costs were number 1 in the cause of bankruptcies.And the FACT that the number of people working part-time who would rather work full-time WENT DOWN by 877,000 since Obamacare was passed, from 9,122,000 to 8,245,000 would blow that argument out of the water. If what he said was true, wouldn't that number have increased rather than decrease???
Actually that 877 thousand decrease from 9 million to 8 million includes people who could only find part-time work. The workers who actually had their hours cut has gone DOWN 1.12 million since Obamacare was signed into law from 6,297,000 to 5,177,000.
Please stop confusing them.
1. Medical Expenses
A study done at Harvard University indicates that this is the biggest cause of bankruptcy, representing 62% of all personal bankruptcies. One of the interesting caveats of this study shows that 78% of filers had some form of health insurance, thus bucking the myth that medical bills affect only the uninsured.
Rare or serious diseases or injuries can easily result in hundreds of thousands of dollars in medical bills - bills that can quickly wipe out savings and retirement accounts, college education funds and home equity. Once these have been exhausted, bankruptcy may be the only shelter left, regardless of whether the patient or his or her family was able to apply health coverage to a portion of the bill or not.
Top 5 Reasons Why People Go Bankrupt - Yahoo! Finance
Job loss was number 2.
And yet corporate America is sitting on >$100 Trillion in cash. Maybe we should cut taxes for business.....
They are sitting on $100 Trillion on paper anyway. Many of these profits are unrealized, as debt-to-equity ratios pushes closer to pre-recession trends. Much of this money is borrowed, which may be used solely for their operational cost rather than to make new investments. Many of the shortfalls in the economy are due to investments spending in the production structure of the economy.
You certainly have a long way to go to earn your one percenter wings. It's ALL cash.
The 1.2 increase in workers who only want to work part-time is due mainly to the aging Boomers cutting back their hours as they reach retirement age.And the FACT that the number of people working part-time who would rather work full-time WENT DOWN by 877,000 since Obamacare was passed, from 9,122,000 to 8,245,000 would blow that argument out of the water. If what he said was true, wouldn't that number have increased rather than decrease???He said employers are changing to part timers to avoid the high cost of insurance coverage, not employees. Whether or not employees choose voluntary or involuntary employment has no barring on employers hiring preference.
No. More employers are actually opening positions as part-time, so more workers simply lower their expectations. It's an indicator of how desperate workers are.
Notice the diverge. You've had a 877,00 decrease in workers who are only Part-Time for economic reasons, but you've had a 1.2 Million increase in the workers who simply Part-Time for Noneconomic reasons. The Labour market has come to terms with their economic fate. Part-Timers are the only workers employers are looking for. 77% of all the jobs created for this year were part-time jobs.
You're confused. Part-Time for economic reasons has nothing to do with the employees who have their hours cut. It relates to the employees who could only find part-time work.Actually that 877 thousand decrease from 9 million to 8 million includes people who could only find part-time work. The workers who actually had their hours cut has gone DOWN 1.12 million since Obamacare was signed into law from 6,297,000 to 5,177,000.
Table A-8. Employed persons by class of worker and part-time status
The 1.2 increase in workers who only want to work part-time is due mainly to the aging Boomers cutting back their hours as they reach retirement age.And the FACT that the number of people working part-time who would rather work full-time WENT DOWN by 877,000 since Obamacare was passed, from 9,122,000 to 8,245,000 would blow that argument out of the water. If what he said was true, wouldn't that number have increased rather than decrease???
No. More employers are actually opening positions as part-time, so more workers simply lower their expectations. It's an indicator of how desperate workers are.
Notice the diverge. You've had a 877,00 decrease in workers who are only Part-Time for economic reasons, but you've had a 1.2 Million increase in the workers who simply Part-Time for Noneconomic reasons. The Labour market has come to terms with their economic fate. Part-Timers are the only workers employers are looking for. 77% of all the jobs created for this year were part-time jobs.
You're confused. Part-Time for economic reasons has nothing to do with the employees who have their hours cut. It relates to the employees who could only find part-time work.Actually that 877 thousand decrease from 9 million to 8 million includes people who could only find part-time work. The workers who actually had their hours cut has gone DOWN 1.12 million since Obamacare was signed into law from 6,297,000 to 5,177,000.
Table A-8. Employed persons by class of worker and part-time status
And you are completely confused and your OWN link exposes your mistake!!!
Part-time for economic reasons is broken down into two subgroups in your link:
Part time for economic reasons(3)
Slack work or business conditions
Could only find part-time work
The "Slack work or business conditions" group would be the only workers who potentially had their hours cut because of Obamacare, and only a part of that subgroup, business conditions, though I used the entire group to show that the number of workers who had their hours reduced since Obamacare was signed into law at the end of March 2010 has gone DOWN by 1.12 million workers. If Obamacare was shifting more workers to part-time the number would have gone up, not DOWN!!!
I didn't. I was responding do a comment on the morality of offshore bank accounts. I, along with millions of other Americans, find them immoral because the holders of the accounts are not carrying their share of the burden. America costs money. They should pay everything they owe.
The burden of what? America is merely a territory made up of 315 Million Citizens. It doesn't cost money to run. The country is not going to disappear simply because people decide to leave, or if people decide to participate in a different economy all together.
They are sitting on $100 Trillion on paper anyway. Many of these profits are unrealized, as debt-to-equity ratios pushes closer to pre-recession trends. Much of this money is borrowed, which may be used solely for their operational cost rather than to make new investments. Many of the shortfalls in the economy are due to investments spending in the production structure of the economy.
You certainly have a long way to go to earn your one percenter wings. It's ALL cash.
Yeah. Sure it is...
Why don't you add the total net profit for the Forbes 500 2002-2013 and get back with me.
Talk about not understanding data!!! You've gotten nothing right.The 1.2 increase in workers who only want to work part-time is due mainly to the aging Boomers cutting back their hours as they reach retirement age.No. More employers are actually opening positions as part-time, so more workers simply lower their expectations. It's an indicator of how desperate workers are.
Notice the diverge. You've had a 877,00 decrease in workers who are only Part-Time for economic reasons, but you've had a 1.2 Million increase in the workers who simply Part-Time for Noneconomic reasons. The Labour market has come to terms with their economic fate. Part-Timers are the only workers employers are looking for. 77% of all the jobs created for this year were part-time jobs.
You're confused. Part-Time for economic reasons has nothing to do with the employees who have their hours cut. It relates to the employees who could only find part-time work.
Table A-8. Employed persons by class of worker and part-time status
False. The number of part-time workers over the age of 55 has decreased near 300,000 from last year. Not increased...
Employed and unemployed full- and part-time workers by age, sex, race, and Hispanic or Latino ethnicity
A-18. Employed and unemployed full- and part-time workers by age, sex, race, and Hispanic or Latino ethnicity
And you are completely confused and your OWN link exposes your mistake!!!
Part-time for economic reasons is broken down into two subgroups in your link:
Part time for economic reasons(3)
Slack work or business conditions
Could only find part-time work
The "Slack work or business conditions" group would be the only workers who potentially had their hours cut because of Obamacare, and only a part of that subgroup, business conditions, though I used the entire group to show that the number of workers who had their hours reduced since Obamacare was signed into law at the end of March 2010 has gone DOWN by 1.12 million workers. If Obamacare was shifting more workers to part-time the number would have gone up, not DOWN!!!
There was no mistake. I presented it to show you exactly what I am talking about. From July 2012 - 2013, Slack work or business conditions decreased from 5,319 Million to 5,177 Million. That's a 142,000 decrease in a year; however the people who could only find part-time work increased from 2,568 Million to 2,665, which is nearly a 100,00 increase in this category.
The number has gone down because they've simply moved out of one particular statistical category to another. In order for the 'Slack work or business conditions' category to truly be decreasing, workers would need to see an increase in hours. Hours have barely budged in the last three years.
If you don't understand the data, all you have to do is just say so.
Why don't you add the total net profit for the Forbes 500 2002-2013 and get back with me.
Why don't you add the total net profit for the Forbes 500 2002-2013 and get back with me.
I do understand the total net profits these corporations are gaining. These net profits would be much lower if these corporate actually repatriated their earnings back on American soil.
Talk about not understanding data!!! You've gotten nothing right.
From your OWN links, there were 6,940,000 pert-time workers over 55 in 2012. In 2013 there were 7,000,000. The way you read data that 60k gain is a 300k loss.
The 1.2 increase in workers who only want to work part-time is due mainly to the aging Boomers cutting back their hours as they reach retirement age.
The rest of your crap is wrong because Obamacare was signed into law the end of March 2010, not July 2012.
Furthermore people who could only find part-time work have nothing to do with workers who had their hours cut due to Obamacare.
How can you pompous know-it-alls always be so wrong????
