Jobs

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12 Responses to “Jobs”

1. Joshua says:

   October 27, 2012 at 9:29 pm

   Just wondering: what would this graph look like if it was extended further back into the past?
2. christian says:

   October 28, 2012 at 1:20 am

   If you go back to before Bush was president, it was even higher. Funny what happens when you give millionaires tax cuts while starting two unpaid wars.
3. Rashad says:

   October 28, 2012 at 3:33 am

   Please explain how tax cuts led to jobs in the private sector disappearing.
4. Bob Burns says:

   October 28, 2012 at 6:52 am

   sure – the very rich have disconnected from the economy.

   that’s the short answer. want the long answer? look it up.
5. martin s says:

   October 28, 2012 at 9:13 am

   June 2009 – Recession Ends officially

   Total Jobs – 4.2 Mil

   Ages jobs added

   55-69 +3.5Mil

   20-24 +730K

   25-54 -730K

   http://www.bls.gov/news.release/empsit.t09.htm

   http://bls.gov/news.release/empsit.b.htm

   But….

   http://research.stlouisfed.org/fred2/graph/?chart_type=line&s1id=LNS12600000&s1range=5yrs

   Full-Time jobs keep dropping, BLS offsets them by counting part-time employment.

   So majority of PT work goes to experienced workers

   College grads have to take entry-level offerings.

   55+ end up as consultants or potential retirees who stay on since last years were financially decimating for retirement.

   In your 30′s or 40′s?

   You’re fucked.

   http://research.stlouisfed.org/fred2/series/LNS12500000

   Sooo…we’re becoming a part-time nation with a frozen full-time workforce.

   This is called “stagflation”.

   The goal is to stop it from becoming hyperinflation or deflation. Both suck.

   Japan is deflation.

   Venezuela is hyperinflation.

   Only way out is too slowly raise interest rates so all the money digitally pumped is pulled back in and burned.

   But that requires a stop to spending.

   Charts and graphs are fun.
6. etguild2 says:

   October 28, 2012 at 10:01 am

   As a Virginian with Ohio roots I would hands down set the DeLorean to Nov 7, 2012 at this point.
7. Tuck Pendelton says:

   October 28, 2012 at 10:32 am

   etguild2 – glorious, my friend. I’m sure millions are with you.

   I don’t dislike Romney as much as my liberal friends, but I can’t stand the GOP. True freak show of “leaders” and backwards views.

   Still can’t believe the 47% video didn’t just completely sink romney.
8. David Poland says:

   October 28, 2012 at 10:42 am

   Tuck, my first position on Romney is “empty suit.”

   But he has become really scary with his skill at lying endlessly, shifting in the wind to whatever angle will help him get elected… and still no truthful offering of his economic plans.
9. Rashad says:

   October 28, 2012 at 11:05 am

   sure – the very rich have disconnected from the economy.

   So they stopped making money?
10. Joe Leydon says:

    October 28, 2012 at 11:56 am

    Rashad: I forget who came up with this idea — I think it was the dude who started Amazon — but just because a small group of rich people get a lot richer doesn’t mean the economy will improve. Because, to put it bluntly, there are only so many cars, so many houses, so many clothes etc. that even a very, very rich person will buy. Unless there are millions and millions of other folks out there making enough money to buy new cars and homes and appliances and so on — we’re screwed.
11. cadavra says:

    October 29, 2012 at 1:56 pm

    Exactly. Even Henry Ford paid his auto workers a larger than normal wage on the belief that anybody who builds something should be able to afford to buy one.

    If what’s left of the middle class and working poor stop buying things (apart from food and other essentials), all the companies that made these men so wealthy will lose sales and eventually go under. They simply don’t seem to grasp this.
12. Rashad says:

    October 29, 2012 at 5:34 pm

    Joe: I never argued otherwise. Bob implied that Bush tax cuts cost jobs in the private sector, which is patently untrue.