Posted on 04/20/2011 6:46:42 AM PDT by SeekAndFind
When a fast-food "National Hiring Day" resembles the Depression's unruly food lines, it doesn't back up President Obama's rosy picture of economic recovery. Want some fries with that "hope and change"?
If it were a Republican president in office at a time when high unemployment is so persistent that McDonald's holds a nationwide help-wanted day, the establishment media would be sinking their teeth into him like a Quarter Pounder with Cheese.
The legendary hamburger chain has promised to expand its company workforce by 7% by hiring 50,000 new employees in a single day, thus scoring a publicity boon by having Ronald McDonald personally give the jobs market a shot in the arm. But the event comes after Obama and the Congress have spent trillions on a stimulus strategy that hasn't stimulated.
Companies sit on potential investments that could generate many millions of jobs - because they see no hope of this ever-increasingly regulated economy rewarding them for their risk.
Yet the president gets a pass from the liberal-dominated press for his McJobs economy - and for claiming to have "saved millions of jobs" and promising to "keep making the investments that create jobs."
Government spending is not "investment." Investment is what investors do with their own money.
When the government spends at unprecedented levels, as it is doing today, it leaves investors with neither enough of their own money to invest, nor feasible destinations for their investments.
Nearly two years ago Obama's Treasury secretary, Timothy Geithner, brandished the president's hit-the-ground-running policy "to enact the largest economic recovery plan since World War II."
SNIP
But it's what we saw at all those McDonalds this week - massive throngs unhappily settling for work burger-flipping, and nearly rioting in Cleveland, where three were hit by a car because of a fight
(Excerpt) Read more at realclearmarkets.com ...
Great line!
Why does the author berate these jobs? If you’re unemployed, money is money!
I predict America will sacrifice fast food buying to maintain driving their existing SUV’s for the next couple of years.
Wait, don’t you understand that with a Democrat in office those are “career ladder” jobs not “burger flipping” jobs. Get on message please.
RE: Why does the author berate these jobs? If you’re unemployed, money is money!
I don’t see any berating tone in the article at all. What the author is lamenting is many of these folks are engineers, computer programmers, software developers, technicians, highly skilled and higly trained workers whose years of training are going to go to disuse as our economy fails to create jobs that make use of their abilities.
Burger King laying off hundreds. Of course they didn’t get an ObamaCare waiver.
I predict we are going down the tubes. The 2 party system of government has failed and nothing will save it. It has become one party. Only a new party will help or a Con-Con of the states to clean sweep washington.
It’s because of the health care plan.
If a Republican were President this would be proof of desperation. With Obama it proof of a rosy economic outlook.
Some of those jobs are eliminated simply due to advances in technology, as technology advances, the need for human labor decreases, and as the population increases, we’re going to have big problems. Not only that, government interference makes it much tougher to hire people, so the labor market is hardly fluid.
Suggest you read the entire article. The author is most definitely not berating these jobs. The thesis is that bad government policy have resulted in the worst economic climate since the 30s and, if we had a healthy economy, another 25 million men would be working. The author blames ultra-high regulation and government spending for keeping job creation down and the promise of higher taxes is tamping down private investment - again killing job creation. It’s hard to argue with the thesis and basic economics.
Why get rid of a paid for SUV or truck for an econobox with a $500.00/month payment which is unserviceable except at the dealer?
It’ll be refereshing to order from someone who has a little pride in their work for once.
Bingo.
RE: as technology advances, the need for human labor decreases,
Do you see ROBO-Mac Servers in the future?
Oh, please, no. We would end up with "The Gay States of the Green World."
My fast food buying has dropped dramatically
So true, the impact of technology has radically changed the labor market.
Last week I was in a big textile mill. One room was the size of a football field with hundreds of machines. Each machine used to have at least one person tending it. Now they’re all run by computer. Only a handful of people are needed to check on things and it didn’t look as they were really needed.
That particular mill used to employ six thousand. A few hundred now.
If tech has eliminated the need for all those jobs, what are all those shoe and textile workers in Asia and Latin America doing?
Much like airpower, tech is overrated.
Wait, maybe we can all get jobs in finance, real estate and insurance.
The basic market equation still holds; buyer + seller = transaction.
We are no longer sellers, and we’re buying on credit.
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