Jobs report

#751
#751
Velo Vol said:
Jobless Claims in U.S. Fall to Lowest Level in Four Decades - Bloomberg Business

#ThanksObama
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I have to go visit our China office from time to time. And I always like to have a discussion about the Chinese economy and their business forecasts.

It's interesting that all the locals use the government GDP numbers that never come close to matching consumer consumption growth. When I try to explain that the GDP number is being driven by government spending and not consumption, they look at you like you've committed blasphemy.

The point is that some people take the government number, ignore its context, and refuse to consider other indicators.

#ThisIsYou #MoveToChina
 
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#752
#752
DC_Vol said:
I have to go visit our China office from time to time. And I always like to have a discussion about the Chinese economy and their business forecasts.

It's interesting that all the locals use the government GDP numbers that never come close to matching consumer consumption growth. When I try to explain that the GDP number is being driven by government spending and not consumption, they look at you like you've committed blasphemy.

The point is that some people take the government number, ignore its context, and refuse to consider other indicators.

#ThisIsYou #MoveToChina
Click to expand...


Yes, context matters, and overall the context of the overall economy is a LOT better now than it was 6 years ago, would you not agree?

Meanwhile, heard on the radio today that some hedge fund guy says there is no safe place to put money in China right now. What do you think?

Also, go get me a number 47 and some tea, please.
 
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#753
#753
lawgator1 said:
I don't know anyone who is of working age and unemployed. Ads for employment seem to be going up fast around here, and the roads in the commercial business areas seem jam packed.

I realize that wage growth is a real problem, and hopefully that will come back to life as the recovery continues. But claims by you eejits that things aren't a whole lot better than when Bush left office are just detached from reality.
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Sad part is, you actually believe this. In reality, he hasn't done any good for this country.
 
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#756
#756
lawgator1 said:
I realize that wage growth is a real problem, and hopefully that will come back to life as the recovery continues. But claims by you eejits that things aren't a whole lot better than when Bush left office are just detached from reality.
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Wage growth? Problem? The minimum wage is going to $15/hour. That's real 'progress'.

Good segment yesterday no how low wage workers in SEA are axing for fewer hours so that they don't lose their freebies. Yup $15/hour = good thing. :eek:k:
 
#757
#757
DC_Vol said:
I have to go visit our China office from time to time. And I always like to have a discussion about the Chinese economy and their business forecasts.

It's interesting that all the locals use the government GDP numbers that never come close to matching consumer consumption growth. When I try to explain that the GDP number is being driven by government spending and not consumption, they look at you like you've committed blasphemy.

The point is that some people take the government number, ignore its context, and refuse to consider other indicators.

#ThisIsYou #MoveToChina
Click to expand...
How long does it take for your lungs to clear once you are back? I went to Beijing a year or so ago, and it took a week to get the pollution out of my system. That place nasty.
 
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#759
#759
SpaceCoastVol said:
Wage growth? Problem? The minimum wage is going to $15/hour. That's real 'progress'.

Good segment yesterday no how low wage workers in SEA are axing for fewer hours so that they don't lose their freebies. Yup $15/hour = good thing. :eek:k:
Click to expand...


There was a lengthy discussion of this on CNBC, with very conservative commentators, and they were talking about how the studies, beginning in 1973, show that raising the minimum wage has a negligible effect on employment. People simply do not lose jobs over this, which has surprised some economists.

So now the researchers are studying the studies, trying to figure out why it is that raising the minimum wage does not result in a loss of jobs. It could be combination of offsetting demand, lower salary increases for higher wage employees, greater efficiencies.

Bottom line, though, is tons of research says you are simply wrong. Shockingly.
 
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#760
#760
lawgator1 said:
There was a lengthy discussion of this on CNBC, with very conservative commentators, and they were talking about how the studies, beginning in 1973, show that raising the minimum wage has a negligible effect on employment. People simply do not lose jobs over this, which has surprised some economists.

So now the researchers are studying the studies, trying to figure out why it is that raising the minimum wage does not result in a loss of jobs. It could be combination of offsetting demand, lower salary increases for higher wage employees, greater efficiencies.

Bottom line, though, is tons of research says you are simply wrong. Shockingly.
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I'll call your hearsay and raise you an actual article that argues in the other direction.

A $15 minimum wage is a terrible idea - The Washington Post
 
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#761
#761
MG1968 said:
I'll call your hearsay and raise you an actual article that argues in the other direction.

A $15 minimum wage is a terrible idea - The Washington Post
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stfu

http://www.usnews.com/opinion/econo...why-raising-the-minimum-wage-doesnt-kill-jobs

"First, let’s deal with the confusing range of studies that have been brought forward by advocates on both sides. Unfortunately, many of the studies are biased. Some are funded by partisans on the right, such as a restaurant trade association. Others are funded by partisans on the left. But the strongest studies are large and honestly done. They look at what happens when one state raises the minimum wage and a neighboring state doesn’t. They examine employment along the border between the two states, and they contrast what happens in directly adjacent areas with similar economies and similar demographics.


The most robust and carefully conducted studies actually show little if any decrease in employment as a result of raising the minimum wage. Some show no decrease at all. Others show a small and narrowly focused decrease: a low, single-digit percent drop in employment concentrated in industries that are predominantly low-wage, notably fast-food. And within those industries, the effect is concentrated on those with the lowest skills, such as teenagers."
 
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#762
#762
lawgator1 said:
Yes, context matters, and overall the context of the overall economy is a LOT better now than it was 6 years ago, would you not agree?

Meanwhile, heard on the radio today that some hedge fund guy says there is no safe place to put money in China right now. What do you think?

Also, go get me a number 47 and some tea, please.
Click to expand...

I would agree it's better. But it was a low bar to get over, and barely get over it is what Obama and crew have done. The meager growth we've seen is not what you want coming out of a recession. It's really sad to look bad at quarterly growth and see how abysmal it's been. There's a reason so many people are on stamps!! The economy sucks.

At some point I would think even you would look objectively at the results and ask yourself when should Obama be held accountable for the stagnant growth. And could it be related to his policies. We can call this Obama's war on poor people!!

As far as the China question, I would agree with him. There is some growth there. They do have an expanding middle class and growing spending power. That said, almost all of their spending power is in the hands of about 1M people.

The country remains a human rights disaster that is run by a largely corrupt ruling class. Their economy is fueled largely by govt spending. It's a Leftists wet dream!
 
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#763
#763
lawgator1 said:
There was a lengthy discussion of this on CNBC, with very conservative commentators, and they were talking about how the studies, beginning in 1973, show that raising the minimum wage has a negligible effect on employment. People simply do not lose jobs over this, which has surprised some economists.

So now the researchers are studying the studies, trying to figure out why it is that raising the minimum wage does not result in a loss of jobs. It could be combination of offsetting demand, lower salary increases for higher wage employees, greater efficiencies.

Bottom line, though, is tons of research says you are simply wrong. Shockingly.
Click to expand...

Research is always slanted for those paying for it. The knife cuts both ways.

Remember when eggs were bad for us because they raise your cholesterol?

My point was that there are people axing for fewer hours because their higher pay will now prevent them from getting government freebies. Dispute that.
 
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#764
#764
SpaceCoastVol said:
How long does it take for your lungs to clear once you are back? I went to Beijing a year or so ago, and it took a week to get the pollution out of my system. That place nasty.
Click to expand...

You have no idea...all I ever want to do is leave. even arriving into Hong Kong from China feels amazing.

I could tell stories of people and things happening there that would break your hearts. It can be a bad place, especially if you are from mainland.
 
#765
#765
MG1968 said:
I don't think the GOP deserves much credit, either.
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Neither do I. Things are much better now than they were 6 year ago. I think it had more to do with the determination of the American People vs political policies of either party.
 
#766
#766
DC_Vol said:
You have no idea...all I ever want to do is leave. even arriving into Hong Kong from China feels amazing.

I could tell stories of people and things happening there that would break your hearts. It can be a bad place, especially if you are from mainland.
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You in the import business DC, if you don't mind me asking ?
 
#767
#767
DC_Vol said:
You have no idea...all I ever want to do is leave. even arriving into Hong Kong from China feels amazing.

I could tell stories of people and things happening there that would break your hearts. It can be a bad place, especially if you are from mainland.
Click to expand...

When I was stationed in the Philippines, Hong Kong seemed like going to Oz (not the prison show). I went back there several years later, after the commies took it over, and while still a vibrant city it just has that nasty Chinese pall over it. I know you know what I am talking about, but it is hard to describe. The only reason I ever want to go back is to get cheap NFL jerseys. :). I have a Manning Colts jersey and I'd like to get a Broncos to go with it.
 
#774
#774
lawgator1 said:
stfu

http://www.usnews.com/opinion/econo...why-raising-the-minimum-wage-doesnt-kill-jobs

"First, let’s deal with the confusing range of studies that have been brought forward by advocates on both sides. Unfortunately, many of the studies are biased. Some are funded by partisans on the right, such as a restaurant trade association. Others are funded by partisans on the left. But the strongest studies are large and honestly done. They look at what happens when one state raises the minimum wage and a neighboring state doesn’t. They examine employment along the border between the two states, and they contrast what happens in directly adjacent areas with similar economies and similar demographics.


The most robust and carefully conducted studies actually show little if any decrease in employment as a result of raising the minimum wage. Some show no decrease at all. Others show a small and narrowly focused decrease: a low, single-digit percent drop in employment concentrated in industries that are predominantly low-wage, notably fast-food. And within those industries, the effect is concentrated on those with the lowest skills, such as teenagers."
Click to expand...

speaking of biases, have you checked out the American Sustainable Business Council?
 
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