Yes, I recant what I said about consumer spending isnt affected by inflation. What I intended to say is that raising the minimum wage is not related to this.
Ugh...When costs to business are increased by artificial means, there is a direct adverse effect on the the end user.
This "artificial means" is just this same bullshit you people spew. Corporate profits are at an all time high yet wages have remained stagnant. It doesn't matter who raises the minimum wage, government or the businesses - there is nothing artificial about it.
The corporate profit argument? You're on that one now....Great. Still meaningless.
The fact is wages are NOT stagnant. Wages are down because the labor participation rate is at a 40 year low.
The other fact that there are far more part time workers. That drags down the numbers.
There are more illegals working in the US...That has lowered average wages in the unskilled and semi skilled markets.
Hiring is down because jobs that are now done by computers and machines no longer require humans.
Wages are down because cash strapped businesses are using temp instead of employee labor.
It's the marketplace which has adjusted to government policy and taxation....
One issue you libs ignore is that corporations are publicly traded companies. As such, the bottom line is the bottom line. If the performance of the company causes the value of the stock to fall and render the company no longer a good investment, the company falters and the workers are the first to go...
This is basic stuff.
And yes. When government sticks it nose into the marketplace for political reasons, the act is artificial.
Anytime government has interfered in the marketplace the result is always negative.
What is meaningless about that? You still haven't explained why enforcing a specific wage creates anything "artificial" whatever that means. The labor participation rate is down BECAUSE wages are low. People are discouraged by all the shitty paying jobs. The creation of part time jobs verses full time is really up to the actual job creators wouldn't you say? There is no evidence illegal immigrants is why wages are low. That's bullshit. Yes, technology also plays a role in the lack of hiring. Again, blame the job creators. Oh, and the stock market has been doing stellar.
Artificial....When anything outside market forces adjusts or manipulates prices and/or costs.
Hey genius. We are in a global economy. To compete, we must control costs. Technology permits that.
The shitty jobs? Or is it the wages low skilled people are eligible for?....No one is going to pay a premium wage to a worker who does not possess the necessary skills to perform the job so that the position helps the company turn a profit.
The job creators are just keeping up.
One of the major issues companies have is not the lack of available jobs. It is the reverse. It is the number of available qualified people to fill those jobs.
That is especially prevalent in manufacturing.
Key Workforce Challenges Businesses Struggle to Find Skilled Workers - Article Display - QualityInfo
But Some Businesses Struggle to Find Workers
Employers hiring for some occupations do face distinct difficulties though. Vacancy survey results show a diverse set of occupations with the largest number of openings that had gone unfilled for 60 days or more (Table 1). The 60+ day vacancies could result from the overall size of that occupation, or the amount of time to complete the hiring process for some openings. However, long-term vacancies may also indicate that positions are hard to fill. Top occupations with the most long-term vacancies ranged from truck drivers to registered nurses to cashiers.
Help Wanted: Education, Training, and Experience Required
Fourteen of the top 25 occupations listed in Table 1 required a minimum of postsecondary training, an associate degree, or a four-year or advanced degree to be qualified for the job. In other words, many of the occupations that take a longer time to fill require specialized training, so they can't immediately be filled by just anyone who is unemployed.
In addition to educational requirements, there is a desire by employers to hire experienced and trained applicants. This could be contributing to their struggle to find enough workers. The job vacancy survey results showed that nearly two-out-of-three openings required workers to have previous experience. Education may substitute for experience at some jobs, but that's often not the case. Of the vacancies that required a bachelor's degree, 96 percent also required previous experience. Dr. Peter Cappelli of Wharton's Center for Human Resources describes this as a Catch-22 situation for workers – "to get a job, you have to have that job already."
Grove City,OH.....Outside Cincinnati....
Of the responding companies, 48 percent reported finding qualified entry-level employees was "difficult" or "very difficult," while the percentage of businesses reporting issues with finding skilled employees was 59 percent.
"It gives you a sense there's a need to make hiring skilled employees less difficult," Saperstein said.
A high percentage of respondents, 81 percent, said they were not involved with a workforce-related training program, intern program or a school or job training program.
Survey Kansas construction companies struggle to find skilled workers The Wichita Eagle The Wichita Eagle
Small Businesses Struggle To Find Skilled Workers
Also I guess you didn't read the link I posted earlier but even though some businesses are closing some are opening up as well.
