Jobs report

#631
#631
lawgator1 said:
This is the factor that the GOP does not want to admit.
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Normally I would question whether this was a serious question, but after seeing so many of your posts, I know it's not.

I took the time to read that article, and it might have well have stated that 2 + 2 = 4. Because that is a known fact to anyone with a modicum of education and common sense.

What is funny is that Democrats lament the fact that the job market changes. I think back to Obama's ATM comment. It's called PROGRESS. You guys treat almost everything as if history started just a few years ago.

The real purpose of the "study" is revealed in the conclusion: we need more policies to expand government.

Maybe Democrats can give up their iPhones and computers and go back to the days of courriers and a typing pool. Think of all the jobs you'll create!!
 
#632
#632
DC_Vol said:
Normally I would question whether this was a serious question, but after seeing so many of your posts, I know it's not.

I took the time to read that article, and it might have well have stated that 2 + 2 = 4. Because that is a known fact to anyone with a modicum of education and common sense.

What is funny is that Democrats lament the fact that the job market changes. I think back to Obama's ATM comment. It's called PROGRESS. You guys treat almost everything as if history started just a few years ago.

The real purpose of the "study" is revealed in the conclusion: we need more policies to expand government.

Maybe Democrats can give up their iPhones and computers and go back to the days of courriers and a typing pool. Think of all the jobs you'll create!!
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The GOP wants to blame Obama for the effect of technological advancement rendering so many jobs obsolete.

Totally true statement of fact.
 
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#633
#633
lawgator1 said:
The GOP wants to blame Obama for the effect of technological advancement rendering so many jobs obsolete.

Totally true statement of fact.
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I agree that no one should be blaming Obama or the Dems for technological advancements.

Where Obama and the Dems hold the blame is for Obamacare, draconian environmental regulations, absurd work safety regulations, and supporting union labor. All increases the cost of labor making industry/business look for alternatives to employees.

This is where you constantly demonstrate intellectual dishonesty.
 
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#634
#634
lawgator1 said:
The GOP wants to blame Obama for the effect of technological advancement rendering so many jobs obsolete.

Totally true statement of fact.
Click to expand...

DC hit the nail on the head - you act as if technological advancement and job replacement is a phenomenon that just occurred since Obama took office.
 
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#636
#636
Big evil corps make bigger profits if they can replace expensive human labor with tech. Since all big, evil corps are run by GOP supporters how could they be against it?
 
#637
#637
Sooner or later someone running for national office is going to have to start talking about the effect automation has on the labor market.

Leaders in tech have been talking about it, and our need to address it, but it doesn't fit well into a party platform. So I suspect politicos will continue to ignore it. At least until the next recession.
 
#638
#638
volinbham said:
DC hit the nail on the head - you act as if technological advancement and job replacement is a phenomenon that just occurred since Obama took office.
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1) it sped up during his time in office, combined with

2) many people laid off under Bush had their position permanently eliminated after that as businesses restructured to be more efficient as things improved.

A significant part of the participation rate issue is that for so many people their skill set is now obsolete.
 
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#641
#641
lawgator1 said:
1) it sped up during his time in office, combined with

2) many people laid off under Bush had their position permanently eliminated after that as businesses restructured to be more efficient as things improved.

A significant part of the participation rate issue is that for so many people their skill set is now obsolete.
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1) some research showing technological advancement increased during last 6 years relative to other time periods please.

2) you can look to lack of economic growth as the primary reason for lackluster job performance. If we had the miraculous upswing in technological advancement over the last 6 years that you suggest then we should have seen corresponding economic growth.

Instead we've seen an anemic recovery and with virtually no growth comes virtually no job growth.

We've simply shifted the unemployed to the out of the work force and very few jobs are being created.

Hit what should be typical post-recession economic growth rates and you'll see corresponding job growth.
 
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#642
#642
Velo Vol said:
Sooner or later someone running for national office is going to have to start talking about the effect automation has on the labor market.

Leaders in tech have been talking about it, and our need to address it, but it doesn't fit well into a party platform. So I suspect politicos will continue to ignore it. At least until the next recession.
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I would argue the primary problem is not automation but politicians using government policy and regs to maintain some status quo existing business interests rather than unleashing real economic growth.

Get a year of 5 or 6% of GDP growth and then we'll see what happens to the labor market.
 
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#645
#645
hog88 said:
It's still coming, all the fed and the bailouts have done is delay the inevitable.
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Yes, there will be another recession. Recessions and recoveries have existed since the US was founded. We had recessions before the Federal Reserve existed and when bailouts meant removing water from a boat.

The economy is cyclical and is nearly impossible to fine tune. I would argue, however, that the actions of the Fed with respect to the most recent recession were very positive as were the bailouts.

Hopefully the next recession is many years away.
 
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#646
#646
Abe Hoffman said:
Yes, there will be another recession. Recessions and recoveries have existed since the US was founded. We had recessions before the Federal Reserve existed and when bailouts meant removing water from a boat.

The economy is cyclical and is nearly impossible to fine tune. I would argue, however, that the actions of the Fed with respect to the most recent recession were very positive as were the bailouts.

Hopefully the next recession is many years away.
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The next recession will be compounded due to the actions of the Fed. Some day soon interest rates will have to rise then it will be bedlam.
 
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#647
#647
hog88 said:
The next recession will be compounded due to the actions of the Fed. Some day soon interest rates will have to rise then it will be bedlam.
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The only reason the Fed will begin to increase interest rates is if inflation becomes a problem or they forecast an inflation problem. With the slow recovery we are currently experiencing, interest rates should remain low.
 
#648
#648
Abe Hoffman said:
The only reason the Fed will begin to increase interest rates is if inflation becomes a problem or they forecast an inflation problem. With the slow recovery we are currently experiencing, interest rates should remain low.
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They can't remain this low very much longer as we cannot keep printing monopoly money very much longer.
 
#649
#649
Biopsyman said:
Without the fed.. We would have been recession or worst since 08
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The question is how much of this mess is because of the fed? Milton Friedman believed the Federal Reserve caused the Great Depression and he has a very persuasive argument. Would we have been on the brink of financial implosion if the Fed had not suppressed interest rates for over a decade? The Fed under Greenspan fought a major battle in congressional testimonies with the Commodity Future Trading Commissioner (Brooksley Born) where they pushed for deregulation of derivatives. Does anyone believe it's a good idea for Wall Street to be allowed to create complicated financial instruments (like mortgage backed securities) with no oversight?

I don't believe we will be able to print our way to prosperity. The fed has done a good job of kicking the can down the road and propping up the banks, but I don't see how they're going to unwind this mess. The worst part is, if there is another crisis... the fed is out of ammo.
 
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