Ray From Cleveland
Diamond Member
- Aug 16, 2015
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Economically, the 1990's were not only the longest period of economic expansions in history but one the strongest with steady job creation averaging 250,000/mo, low inflation, rising productivity, and a surging stock market.The longest economic expansion I have seen wasBetween now and 2024 we would have a maximum of 6 million additional workers to fill 24 million new jobs. With the labor shortage, there should be no worry about lower wages. What workers in the US should be worried about is the lack of critical skill workers sending businesses and all their jobs overseas.So what? All this tells me is that foreigners are coming here to lower the wages of professionals as well. That's supposed to be encouraging?
So tell me, how many times since you were alive have you seen a booming economy for over several years? This boom may last another two months, two years, who knows?
So many things can put a damper on our economy. A major terrorist attack similar to 911. A breakout of war with another country. A communications attack on the US via computers. A bankruptcy by a major bank or company like Verizon.
Any good economy is fragile to negative news. We don't know how many workers we will need next year yet alone in six years. It's just a cheap excuse to try and change the minds of anti-invasion Americans.
Mar 1991–Mar 2001 - 120 months.
We are currently 108 months into the current expansion. The slow recovery indicates it may well have a serveral years of expansion.
Even if the economy is interrupted by a recession which the average length is about 14 months, there is every reason to expect the 24 million figure will be reached because we are going to get 18 million job openings from boomer retirements even it there is no growth. If current job growth continues at the current level, we would have 13 million jobs from growth. No matter how you cut it the probability is pretty high that we will have far more jobs than we can possibly fill.
Keep in mind the immigration quotas are targets, the president can lower those numbers if needed.
No, I said booming economy, not steady or interrupted by a recession.
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I'm not going to debate that. What I will debate is that we will run out of people to do the work in this country. There is something wrong when you live in a country where there is more work than people, and 40 million people are still collecting food stamps.
Something is wrong, and it's not that we don't have enough people to do the work.