Posted on 12/02/2016 8:17:18 AM PST by Rockitz
It has nothing to do with laziness if there aren’t any jobs because of the fedgov chokehold.
The layoffs started last year and accelerated since.
I was sufficiently diversified to limit the damage, although I was too pessimistic afterward and missed out on some of the recovery.
I am considering a shift of some assets to equities. If tax reform reallly happens. I think we will see an extended boom period.
I see them all the time here in my county (over 20% of them)- been that way for all of Obama’s tenure...I have to get up early to be there before they wake up.
It’s a real pain to get behind one at Walmart because they ain’t got sh!t to do and they hold everybody up figuring out what’s WICS, SNAP and what they gotta pay cash for the winde and beer....If you get there before 10:00 or 11:00 you’re golden because it upsets their little psyches to get up earlier than that.
I don’t know where you guys are from, and I’m certainly not going to ask for any PII. However, my page has a Colorado flag on it, so that much is out there. Here, where I live, jobs are as scarce as hen’s teeth. My SIL has been struggling mightily, and after almost four years landed a job that’s worth keeping. (He worked at cruddy jobs while he was looking, of course.)
“There are plenty of jobs available. Talk to anyone running a small business that requires employees who show up on time and won’t call in at the last minute (or at all) to say they won’t be in today.”
My middle son had a very difficult time. Day one he started applying to every restaurant and fast food place in town. He finally got a job because of his ethnicity, and when his manager went to another place, he took my son along. However, even though he has become their “go to” guy when the chicken fat hits the exhaust fan, he’s making almost the same money he was four years ago. (Full disclosure, he’s also a full-time college student.)
“The real shortage is of people currently unemployed who are responsible enough to satisfy the very reasonable minimum requirements to hold a job.”
Until I realized that I was too old and sick and crippled to satisfy the very reasonable minimum requirements to hold a job, I kept looking. And what I saw was that there were very few jobs, and those were crummy.
“And part of the reason for that is they’e found they can get plenty of money from the government to remain irresponsible as long as they want.”
There are such cases; this no one denies. And I don’t know where you are, and probably haven’t been there recently, so I can’t speak to the availability of jobs in your areas.
Here where I am, though, to paraphrase the old saying, if you set out to find a job, first dig two graves.
“I’m not saying these jobs are great jobs, by the way, but there are plenty of employers out there willing to hire responsible people. They just can’t find enough of them.”
Not here.
“basically, anyone who can pass a drug test, has basic high school literacy, and will show up on time - can have a job with all the hours they want. I am talking $16.50/hour.”
Sure wish I had known where that is ten years ago. Since I returned from Japan, I haven’t even had an interview for a job that paid so much.
“My theory - many factors, globalization and trade, the education system, over-regulation, money printing and negative real interest rates, technological efficiency, have pushed the wages down for America’s underclass.”
Underclass? Hell, the middle class has been destroyed.
“For the time being, our government and society have papered over the issue with massive debt, both private and public, and printed money. Many factors will have to adjust, and like an earthquake, a financial/political crisis will come along to release pressure suddenly.”
As Ludwig Von Mises wrote, “There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.”
446,000 is a big number for just one month. The administration couldn’t possibly have postponed reporting some numbers last month leading up to the election, could they?
I agree that wages are suppressed and the middle class labor force is behind strip-mined by government, our monetary system and zero interest rates, as well as trade policy.
Nonetheless, as I said, in transport, food, machinery, laboratory services, where I am familiar, I see shortages everywhere.
http://cerasis.com/2016/05/03/driver-shortage/
http://www.wsj.com/articles/on-u-s-farms-fewer-hands-for-the-harvest-1439371802
https://www.corecrew.com/1378?AspxAutoDetectCookieSupport=1
“Nonetheless, as I said, in transport, food, machinery, laboratory services, where I am familiar, I see shortages everywhere.”
Well, maybe things have started to turn around while I wasn’t watching.
Of course they did.
I am not so sure. I think the previous figures were numbers manipulation so that things didn't look as bad going into the election. This is just getting the number back to where it belongs.
Working isn’t all it’s cracked up to be. Kinda like partial wage/tax slavery.
Does “retired” add to that number of ...”not in the labor force” ??
I’m retired as of January 3rd 2017 thus “not in the labor force” anymore.
My company 401k was primarily in company stock. It’s a DoD contractor company. It did well before Obama. There was no way to opt for a more diverse mix at the time Obama arrived on the scene. That has changed and I pay Vanguard to manage it. The gains far outweigh the fees.
When your employees ask you to cut their hours so they don’t take a cut in their benefits, you cut them to zero. They have been working, are able to work, but get paid more to stay home. They laugh and call us slaves. And we send millions of taxpayer dollars to carriers CEO, not only are we slaves, but we are stupid ones. That’s 100k for each job saved, and its prob not a one time tax break.
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