Job Growth To Get Even More Depressing In The Future: Fed Study

  • metta

    Posts: 39099

    Jun 10, 2013 12:51 AM GMT
    Job Growth To Get Even More Depressing In The Future: Fed Study


    http://www.huffingtonpost.com/2013/06/07/job-growth-fed-study_n_3403986.html

    I think it is important to also look at what is happening in the World economy right now as well try and understand what may happen in the future.
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    Jun 10, 2013 2:03 AM GMT
    The government should:

    1) Raise taxes on "the rich" even more

    2) Pass a law that forces each company to expand their workforce by 5%

    That should take care of the problem.
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    Jun 10, 2013 4:48 AM GMT
    The modern US economy has always depended on small business hiring. I like that small manufacturers are rapidly expanding. I also like the "Made In the USA" trend, and a move towards unionization in these small businesses.

    "As a country we can't all be servicing each other," Cahn said. "You have to have manufacturing."

    http://www.nbcnews.com/business/welcome-home-made-usa-rise-6C10225157
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    Jun 10, 2013 5:34 AM GMT
    tailgater_3 saidThe modern US economy has always depended on small business hiring. I like that small manufacturers are rapidly expanding. I also like the "Made In the USA" trend, and a move towards unionization in these small businesses.

    "As a country we can't all be servicing each other," Cahn said. "You have to have manufacturing."

    http://www.nbcnews.com/business/welcome-home-made-usa-rise-6C10225157


    Well, that will take care of the small business hiring !!
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    Jun 10, 2013 6:00 AM GMT
    "The company's first core customers were unions that wanted to support union wages and "Made in USA" goods."

    Minimum wage jobs will not grow our economy. It's time that the most productive workers in the world (i.e., American workers) are paid a fair wage.
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    Jun 10, 2013 6:21 AM GMT
    tailgater_3 said"The company's first core customers were unions that wanted to support union wages and "Made in USA" goods."

    Minimum wage jobs will not grow our economy. It's time that the most productive workers in the world (i.e., American workers) are paid a fair wage.


    And free market competition assures they are paid a fair wage or would you prefer to see a 'Detroit' all over again?
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    Jun 10, 2013 6:33 AM GMT
    There are no "free markets." It's not just about regulations, but also the "good old boy networks." (Yes, this is an oversimplification. I realize there are other factors.)

    http://ezinearticles.com/?Is-There-Such-Thing-as-a-Free-Market-Economy?&id=453859
  • Webster666

    Posts: 9217

    Jun 10, 2013 6:49 AM GMT
    There was a time when, if you were willing to work, there was a factory, some place, willing to train you and hire you. We don't have many factories, any more. So, unskilled workers are in real trouble.

    And, I think that a LOT of baby boomers who got caught in the economic collapse, never recovered, and never WILL recover. Not many companies want to hire people who are over 50 years old.

    Then, there's the problem of sky high costs for education. So, even if you wanted to learn a new career, how could you ever afford the cost of college ?
  • metta

    Posts: 39099

    Jun 10, 2013 7:43 AM GMT
    ^
    There is a question as to whether the peak that occurred in the US during the 50's was a temporary phenomenon that possibly cannot be replicated. The growth originally occurred because we were the only major country in the World that did not come out of WWII without major damage to our country. We were also able to get resources cheap from around the World. People needed our stuff and we had the ability to produce it profitably. Things are not the same and we have to compete with the rest of the World now. Technology is changing in ways that is resulting in less people needed to do the same thing. When things like 3D printing takes off, even less people will be needed.

    The questions then become: what do we do when we don't need as many people working yet we still need to be competitive with other countries. Do we increase vacation time and cut full time hours? If so, how will be able to be competitive with other countries. How are people going to be able to make a living in the future economy? Is it ok to have such a big growing portion of our population out of the work force? If less people are working, that means less people with money as well, which means less people to buy things. It all becomes a cycle. And we need to come up with solutions and consider planning for these possibilities. We have never been very good, as a country, planning for the future since we are so focused on short term profits. And that could be our downfall.

    Right now, we seem to artificially create growth temporarily and then the economy takes a huge dive. Do we just keep doing that? That does not seem like a very healthy way to run an economy.

    In some ways, Germany and some of the Scandinavian countries seem to have done a better job by requiring higher wages and benefits for their citizens, while increasing quality at the same time. On average, they have better educational systems, life expectancy, and quality of life than the average person in the US.
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    Jun 10, 2013 8:04 AM GMT
    tailgater_3 saidThere are no "free markets." It's not just about regulations, but also the "good old boy networks." (Yes, this is an oversimplification. I realize there are other factors.)

    http://ezinearticles.com/?Is-There-Such-Thing-as-a-Free-Market-Economy?&id=453859


    To net out the point I was making .... unions generally don't help much.
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    Jun 10, 2013 10:31 AM GMT
    freedomisntfree said
    tailgater_3 said"The company's first core customers were unions that wanted to support union wages and "Made in USA" goods."

    Minimum wage jobs will not grow our economy. It's time that the most productive workers in the world (i.e., American workers) are paid a fair wage.


    And free market competition assures they are paid a fair wage or would you prefer to see a 'Detroit' all over again?


    Theres a balance in everything. I SO agree there was too much union influence back in the 50s and 60s - NOW I think we have way too much corporate influence. It needs to be brought back to center. One of the interesting things about this MADE IN USA is that companies WILL NOT do this of their own volition if it isnt in their economic benefit. Whats triggering the "re-shoring" is that wages overseas and transport and oversight costs are increasing to where companies are transferring jobs back here, particularly to those hollowed out areas (Detroit, Buffalo, etc) of the past where land and labor are more reasonable for their balance sheets. The other implicit factor is somewhere someone figured out if all the jobs are overseas whose in a position to buy their products here?? Anyone? Bueller?
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    Jun 10, 2013 12:22 PM GMT
    metta8 said

    In some ways, Germany and some of the Scandinavian countries seem to have done a better job by requiring higher wages and benefits for their citizens, while increasing quality at the same time. On average, they have better educational systems, life expectancy, and quality of life than the average person in the US.


    Yes. We need the Federal government to take a more active role in our society.

    In addition to the government requiring that private companies provide higher wages and better benefits for their employees (many European countries provide a minimum of 4 weeks paid vacation annually), the government must pass a law requiring each company in the USA to increase their workforce by 5%.

    These steps will:

    1) Immediately end the recession/depresson

    2) Provide jobs for everyone

    3) Give people more quality time to spend with family and friends

    4) Put more money into people's pockets which they can then spend which will grow the economy.

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    Jun 10, 2013 12:28 PM GMT
    CallMeAnytime said
    metta8 said

    In some ways, Germany and some of the Scandinavian countries seem to have done a better job by requiring higher wages and benefits for their citizens, while increasing quality at the same time. On average, they have better educational systems, life expectancy, and quality of life than the average person in the US.


    Yes. We need the Federal government to take a more active role in our society.

    In addition to the government requiring that private companies provide higher wages and better benefits for their employees (many European countries provide a minimum of 4 weeks paid vacation annually), the government must pass a law requiring each company in the USA to increase their workforce by 5%.

    These steps will:

    1) Immediately end the recession/depresson

    2) Provide jobs for everyone

    3) Give people more quality time to spend with family and friends

    4) Put more money into people's pockets which they can then spend which will grow the economy.



    This will never happen.