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Jobs Versus Net Jobs (Thomas Sowell)
Creators Syndicate ^
| July 10, 2012
| Thomas Sowell
Posted on 07/09/2012 9:45:57 AM PDT by jazusamo
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1
posted on
07/09/2012 9:46:04 AM PDT
by
jazusamo
To: abigail2; Amalie; American Quilter; arthurus; awelliott; Bahbah; bamahead; Battle Axe; ...
2
posted on
07/09/2012 9:49:53 AM PDT
by
jazusamo
("Intellect is not wisdom" -- Thomas Sowell)
To: jazusamo
Sowell needs to enter the no-spin cycle and go shopping. Just about everything what was made here is now made elsewhere. That’s how you figure out net jobs.
3
posted on
07/09/2012 9:56:26 AM PDT
by
ex-snook
(without forgivness there is no Christianity)
To: jazusamo
Thanks for the ping to another excellent column by Dr Sowell
4
posted on
07/09/2012 9:58:10 AM PDT
by
Kaslin
(Acronym for OBAMA: One Big Ass Mistake America)
To: jazusamo
The bottom line is that, while 5,000 jobs were saved in the American steel industry, 26,000 jobs were lost in American industries that produced products made of steel. On net balance, the country lost jobs by restricting the importation of steel.I see Dr. Sowell is still fighting unfairly by using facts!
Nothing will drive a libtard more batsh*t crazy.
5
posted on
07/09/2012 10:15:06 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: Vigilanteman
heh, heh, heh
Well said, he does it consistently. :-)
6
posted on
07/09/2012 10:19:12 AM PDT
by
jazusamo
("Intellect is not wisdom" -- Thomas Sowell)
Please bump the Freepathon or click above and donate or become a monthly donor!
7
posted on
07/09/2012 10:20:21 AM PDT
by
jazusamo
("Intellect is not wisdom" -- Thomas Sowell)
To: jazusamo
Sowell is pure genius. I love the favorite quotes page from his website.
http://www.tsowell.com/quotes.html
Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron’s cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.
— C. S. Lewis
8
posted on
07/09/2012 10:21:42 AM PDT
by
MarineBrat
(Better dead than red!)
To: jazusamo
This is patently obvious to even the most casual of observers. It makes me want to put my foot into the TV or monitor every time I hear one of these Demon politician apologists parrot this stupid line: "We created 7.5 million new jobs in the past 28 months."
1) If "you" created a job, it was a government drone hired to come and eat out my substance. You'll excuse me if I don't do a happy dance for the drones.
2) That number isn't balanced against the millions of jobs lost that are never coming back. Manufacturing where employers have adjusted to the new normal of fewer workers comes to mind. There are more.
That is, in technical terms, a huge "net loss" of millions of good jobs people used to have. I'm not even going to get into the minutia of the relative quality of the jobs lost vs. the jobs gained.
9
posted on
07/09/2012 10:28:03 AM PDT
by
Cyber Liberty
(Obama considers the Third World morally superior to the United States.)
To: jazusamo
Quick baseball analogy I thought of after I hit “Post.”
If the Diamondbacks and the Dodgers played last night, and the morning radio announcer said my team got seven runs, I’d be pretty happy if I did not hear about the nine runs the other team got.
10
posted on
07/09/2012 10:32:23 AM PDT
by
Cyber Liberty
(Obama considers the Third World morally superior to the United States.)
To: jazusamo
Thanks for the ping to another excellent informative article by Dr. Sowell jaz. Appreciate it.
11
posted on
07/09/2012 10:32:58 AM PDT
by
rockinqsranch
(Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
To: Cyber Liberty
Good analogy and leaving out the other score is exactly what Obama and Rats are and have been doing.
12
posted on
07/09/2012 10:41:36 AM PDT
by
jazusamo
("Intellect is not wisdom" -- Thomas Sowell)
To: jazusamo
The bottom line is that, while 5,000 jobs were saved in the American steel industry, 26,000 jobs were lost in American industries that produced products made of steel. On net balance, the country lost jobs by restricting the importation of steel. But the 5,000 steel industry jobs saved were more likely to be union jobs, so from the Dems perspective it was all good.
13
posted on
07/09/2012 10:49:57 AM PDT
by
PapaBear3625
(If I can't be persuasive, I at least hope to be fun.)
To: Cyber Liberty
3) The high-wage job lost replaced by the minimum wage-paying job. A net of zero but hardly a loss you can make up with volume!
14
posted on
07/09/2012 10:58:57 AM PDT
by
NonValueAdded
(Steyn: "One can argue about whose fault it is, but not ... whose responsibility it is: it's his")
To: jazusamo
For more depth on the steel industry example, see Walter E Williams' piece,
Economic Stupidity
15
posted on
07/09/2012 11:04:58 AM PDT
by
NonValueAdded
(Steyn: "One can argue about whose fault it is, but not ... whose responsibility it is: it's his")
To: NonValueAdded
Thanks...Excellent piece by Dr. Williams.
16
posted on
07/09/2012 11:15:35 AM PDT
by
jazusamo
("Intellect is not wisdom" -- Thomas Sowell)
To: jazusamo
Rarely does one find a thoughtful discussion of the relationships between macro theory and micro theory, e.g. Theory of Relativity and Quantum Mechanics, and Ive never read one unifying macro economics and micro economics, a non-science.
Sowells note Jobs Versus Net Jobs is excellent and worth reading by all who question how government can create jobs.
17
posted on
07/09/2012 11:30:13 AM PDT
by
jody2
(Legislature veto governor's bills)
To: jody2
18
posted on
07/09/2012 12:36:04 PM PDT
by
publius911
(Formerly Publius 6961, formerly jennsdad)
To: ex-snook
Sowell needs to enter the no-spin cycle and go shopping. Just about everything what was made here is now made elsewhere. Thats how you figure out net jobs. First of all, Dr. Sowell is probably the least practiced spinmeister of all time. He is clear and thorough with his observations.
Secondly, I take from your comment that you are against free trade? That is a flawed position my FRiend. Free trade is a good thing, even if "just about everything what was made here is now made elsewhere". Don't fall into the trap that Dr. Sowell is describing where you only look at one half of the equation.
19
posted on
07/09/2012 2:05:41 PM PDT
by
r-q-tek86
("It doesn't matter how smart you are if you don't stop and think" - Dr. Sowell)
To: r-q-tek86
"Secondly, I take from your comment that you are against free trade? That is a flawed position my FRiend"Thanks for reply. I disagree with any trade agreement other than we buy product from you and you buy product from us.
What is now called 'free trade' are agreements between governments where we agree to buy items from other countries and pay for them with jobs, factories and Treasuries. I see this as faulty.
I see this as successful model for corporate balance sheets but unsuccessful for the nation's balance sheet. The unemployed citizens, removed from the business ledger, are transferred to the government ledgers. This is costly for the nation.
People needs to have productive work making things, buying things and paying taxes. This needs to be worked out because the alternative of living on foreign labor rates and environmental conditions will cause massive political ramifications hardly a desirable outcome for cheaper goods. Regards,
20
posted on
07/09/2012 2:37:14 PM PDT
by
ex-snook
(without forgivness there is no Christianity)
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