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U.S. economy better than ever: In the United States, there are more jobs than workers
Washington Times ^ | 12/31/2019 | Richard Rahn

Posted on 12/31/2019 9:03:10 AM PST by SeekAndFind

2019 was a very good year, despite a dysfunctional Congress. A few weeks ago, a friend said she had noticed that clothing was getting less and less expensive and, in fact, many items seemed to be getting less expensive.

Economists call a general decline in prices, deflation and a general rise in prices, inflation. At any given time, some prices are falling and others are rising, depending on supply, demand and efficiency of production. Innovations come along, enabling people to get a better product or service for the same or lower price. Some innovations eliminate the need for some products, freeing up money to buy other things. Few people now buy typewriters or fax machines.

In the United States, there are more jobs than workers. Wages for all groups are rising faster than prices. What is particularly remarkable — and a very good sign — is that wages for the lowest income and least skilled are rising faster than other groups.

Medical advances are accelerating, with people not only surviving from many ailments that would have killed them a few years ago, but living relatively normal lives after serious cancers, heart operations and accidents. Recovering quicker and better after a medical problem is a cost reduction in the price of being ill. Serious medical scientists at leading schools now believe that we are likely to be able to reverse aging in as little as the next two decades — so hang on if you can.

Do an experiment. Pull out your iPhone/smartphone and look at all of the apps you use. Twenty years ago, if you had to buy each of the items or services represented by the apps, how much would you have had to spend?

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: economy; jobs; maga; trumpeconomy
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To: ExGeeEye
$25/hour is almost double mine, and I’m considered “skilled labor”. Is it my company? My region, my industry (machining)?

It's not your industry. Machinists can make considerably more than $25/hour, so it could be your company, your location, or your skill level.

21 posted on 12/31/2019 9:44:26 AM PST by Jeff Chandler (BLACK LIVES MAGA)
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To: SeekAndFind

I’m calling BS on this!
Out here in the real world, away from the metropolitan bubble, those alleged “More jobs than workers” are all at or near minimum wage.
You cannot live on them and retain any decent quality of life.
Adults do not want to “Share a room” to get by.
Most of those “Jobs” (Servitude would be more accurate) are nothing that could be considered a career.
Clerk/stocking at discount stores, China-Mart, hard manual labor for low pay.

Most places around here are twelve hour days (Tesla/Panasonic and nearly every other employer around them), and if you are over 50+ you will NOT be hired, or able to stay for long if you are.

This is enabled by too many illegals being around and taking American’s jobs.
The myth that the illegals are just picking crops Americans won’t is quaint in its outdated absurdity.
Past time for universal E-Verify and rigid enforcement of ALL laws discouraging hiring of illegals.


22 posted on 12/31/2019 9:47:48 AM PST by Ex gun maker. (Unconstitutional "Law" is void from inception.....)
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To: Jeff Chandler

>>> $25/hour is almost double mine, and I’m considered “skilled labor”. Is it my company? My region, my industry (machining)? <<<

Bro. Google is your friend. Search jobs nation wide not just where you are located. At a minimum you want a great resume, and a Linkedin account. Invest in a laptop and get MasterCAM / machining training from youtube. Know your employer. Crappy employers pay crappy wages and get crappy results but generally dont care. Good luck to you.


23 posted on 12/31/2019 10:15:23 AM PST by know.your.why
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To: SeekAndFind

Just think how good things could be if we got rid of those phony baloney government jobs and made the slackers find real work!


24 posted on 12/31/2019 10:29:08 AM PST by Bernard ( In)
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To: SeekAndFind

At least one factor will end on a good note.


25 posted on 12/31/2019 10:33:32 AM PST by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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To: know.your.why

“Get MasterCam training from you-tube”, LOL!
MC is one of the most stingy companies out there, they do everything possible to prevent anyone learning MC without having to pay MC for the privilege.

Nothing available on youtube is going to be of genuine use.
There are a few teasers designed to get you to sign up for on-line classes from MC or some universities.
But you still have to buy a “seat” of MC and even the “Student version” is expen$ive.

I have to wonder why MC became the nearly universal default program, they are not inexpensive, do not do anything several other CAD/CAM’s don’t, and have no crippleware available for hobbyist or self-study.

If the employer will allow an employee to study MC using the company seat on their own time, they may become reasonably proficient in a year or two.

Most probably will not allow that, I’ve heard from more than one shop owner that allowing employees to advance their skills cost them too much money, or the employee then moves to another company for higher pay.


26 posted on 12/31/2019 10:40:42 AM PST by Ex gun maker. (Unconstitutional "Law" is void from inception.....)
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To: ExGeeEye

Understand


27 posted on 12/31/2019 11:00:50 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: eyeamok

[e have only had 3 at best since the Muslim left and we elected an American as President, his/her 8 years were a frikkin depression.]

Thank you


28 posted on 12/31/2019 11:01:30 AM PST by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: SeekAndFind

“It isn’t so much that liberals are ignorant. It’s just that they know so many things that aren’t so.”

R.R.


29 posted on 12/31/2019 11:06:00 AM PST by Leep (Many shall be deceived ( by liberals ))
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To: Leep

In our town one of the city fathers says there are over 500 jobs openings availble but so many cannot pass a drug test these jobs are not filled.

If they would stop paying welfare to druggies it might help.


30 posted on 12/31/2019 12:22:47 PM PST by oldasrocks (Heavily Medicated for your Protection.)
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To: SeekAndFind

There is no labor shortage, there are 330 million US citizens and the labor participation rate is 62%.


31 posted on 12/31/2019 12:31:41 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: SeekAndFind

Just another mainstream propaganda outlet promoting (gas lighting) another reason to keep the legal immigration invasion going.


32 posted on 12/31/2019 12:33:08 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: oldasrocks

Your town needs to PAY MORE.


33 posted on 12/31/2019 12:35:52 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: SeekAndFind
U.S. economy better than ever: In the United States, there are more jobs than workers at the wages being offered.

These economists never complete the sentence.

34 posted on 12/31/2019 12:37:25 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
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To: central_va

I think the participation rate is closer to 63% now.


35 posted on 12/31/2019 12:44:47 PM PST by SeekAndFind (look at Michigan, it will)
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To: Ex gun maker.

You’ve got the internet at your finger tips. A six year old can download and install mastercam. you already know g-code. you know toolpath. you know the difference between an endmill and a tap.

use the resources you have to educate yourself. or dont. good luck.


36 posted on 12/31/2019 6:42:56 PM PST by know.your.why
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To: know.your.why

I am not the machinist who asked about his low pay.

But, “A six year old can download and install mastercam”.
Uh maybe, but MC would hardly approve of any such pirated versions.
They barely tolerate folk who do not pay their annual extort, ah, “Maintenance” fees or continue with older versions instead of buying the newest update every year.

Unless you were thinking of Free-Cad?
Which is NOT an industry standard CAD/CAM system by a long shot.


37 posted on 12/31/2019 10:33:32 PM PST by Ex gun maker. (Unconstitutional "Law" is void from inception.....)
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To: Ex gun maker.

Are you really sure about that?

What a Debbie Downer!


38 posted on 01/01/2020 5:32:46 AM PST by Biggirl ("One Lord, one faith, one baptism" - Ephesians 4:5)
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To: central_va

That road is well traveled. Pay more, lose sales, go where the labor is priced so the product can sell, sell product, make a profit

The reason for being in business is not to pay someone too much but to sell product and make a profit


39 posted on 01/01/2020 5:40:43 AM PST by bert ( (KE. NP. N.C. +12) Progressives are existential American enemies)
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To: Ex gun maker.

Using hacked software for educational purposes only is not unethical. Now...if you start a business called Joe’s Discount Software and start selling it or use it to support one, thats where the line is crossed and the software piracy assoc gets interested. Thats because the SW vendor gets no payoff whereas they DO when the EDUCATED operator gets a job using their SW or starts a business with legit SW.

In the case of CAD/CAM software, What almost always happens anyway is that a machinist for example get his hands on a copy then realizes that it takes a year minimum to get proficient at it and says screw it after one week. So...the vendor never loses anything ever and only stands to profit in the end. Thats exactly how AutoCAD got so big...there were zero protections against copying AC..they knew it and they planned it that way and today AC is the standard for CAD.


40 posted on 01/01/2020 7:33:52 AM PST by know.your.why
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