Unemployment Highest Level in 6 Years

#4
#4
don't like the alarmism, but the rollback of many construction jobs has impacted national employment significantly
 
#5
#5
it will only go higher if Obama is elected. His tax increases could make Carter's unemployment rate seem like boom times.
 
#6
#6
MG1968 said:
it will only go higher if Obama is elected. His tax increases could make Carter's unemployment rate seem like boom times.
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It's going to get worse no matter who is elected. We are thoroughly screwed for the next two years at least.
 
#13
#13
precisely. if the banks can't or don't want to lend how is the economy going to turn around?
 
#14
#14
I got an idea. When someone loses their job we deport one "undocumented worker" or "illegal alien" and fill the void. That would fill about 13 million or so spots.
 
#15
#15
oklavol said:
If you recall in March 2002, the economy had tanked after 9/11.
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Oh well, "tanked" is a rather over the board descriptor. Just got out of the job search mode, opportunities were a plenty and final destination was more than nice.
 
#16
#16
tim said:
I got an idea. When someone loses their job we deport one "undocumented worker" or "illegal alien" and fill the void. That would fill about 13 million or so spots.
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That should work well as long as the replacement worker doesn't mind the huge paycut and the dirty job they previously wouldn't consider doing.
 
#17
#17
615 Vol said:
That should work well as long as the replacement worker doesn't mind the huge paycut and the dirty job they previously wouldn't consider doing.
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If the replacement worker is hungry and desperate enough, he'll not mind. If he does, he'll find something better.
 
#18
#18
615 Vol said:
That should work well as long as the replacement worker doesn't mind the huge paycut and the dirty job they previously wouldn't consider doing.
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judging from the 50 or so guys sitting outside the homedepot next to my house every morning, there isn't a lack of illegal immigrants around to replace any deported worker.
 
#19
#19
My theory on this is... The jobs that the undocumented worker is doing could be done by an actual citizen. And the actual citizen would probably do it better and would cost the employer more. So.. In reality the employer would make less profit and the consumer would get a better product..
 
#20
#20
tim said:
My theory on this is... The jobs that the undocumented worker is doing could be done by an actual citizen. And the actual citizen would probably do it better and would cost the employer more. So.. In reality the employer would make less profit and the consumer would get a better product..
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you are making a huge assumption that a US citizen would want to do that job. I'm guessing all the motivation will vanish in January
 
#21
#21
tim said:
My theory on this is... The jobs that the undocumented worker is doing could be done by an actual citizen. And the actual citizen would probably do it better and would cost the employer more. So.. In reality the employer would make less profit and the consumer would get a better product..
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I don't buy your theory. In addition to what PJ pointed out, the employer will pass those costs on to us - they almost have to in order to ride the economic swings, risk and cost of capital.
 
#22
#22
Yes, let's turn a blind eye to illegal immigration so more ditches can be dug.
 
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#24
#24
Back to the topic, I fail to see how we need illegal immigrants; I'm not buying the "we need them to keep costs down" argument. Did the price of cars go down when NAFTA was passed?
 
#25
#25
volinbham said:
I don't buy your theory. In addition to what PJ pointed out, the employer will pass those costs on to us - they almost have to in order to ride the economic swings, risk and cost of capital.
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I believe that the consumers would keep the costs in check, thus yielding the employer less profit. As it is and especially was (with the housing boom) houses were being built cheaply with cheap labor and the costs, IMO, were not that low.. Thus the employer obviously made money hand over fist. The way I see it, we could have had the same houses for about the same amount of money with the employer making less (because he has to pay his employees a decent wage and payroll taxes) (which btw would benefit some of these social progams that are suffering). The consumer usually controls the market, even with fuel to an extent.
 
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