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Post by JP5 on Aug 21, 2013 20:06:22 GMT
Does he have anything he can brag about after 5 years? Apparently not. "The economy has seen an "unprecedented" number of long-term unemployed under the Obama administration, according to a liberal think tank, and economists say plans pursued by Democrats in Washington are unlikely to curb the problem. Nearly 5 million workers are classified as long-term unemployed, while 900,000 more have stopped looking for work altogether, according to a new series of reports issued by the Urban Institute. Three percent of the labor force has been out of work for more than six months, an improvement of only one percentage point since unemployment spiked in October 2009, according to the study. "That long-term unemployment would rise during a recession is not at all surprising, but the extent of the increase and its persistently high level since the start of the recovery are both troubling and unprecedented," the report states. "The U.S. economy is now well into its fourth year of recovery, the unemployment rate is below 8 percent, yet the long-term share of unemployment is still near 40 percent." Read more: www.foxnews.com/politics/2013/08/21/number-long-term-unemployed-unprecedented-under-obama/#ixzz2cdUBvKeZAnd IF Obamacare goes into effect, it only gets worse. |
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Post by JP5 on Aug 21, 2013 20:11:13 GMT
and then there is the problem of Obama turning us into a part-time nation: Part-time work accounted for a whopping 77% of the jobs the U.S. economy created from January through July, according to household survey data from the Bureau of Labor Statistics.
Specifically, this data show that the U.S. economy has created 953,000 jobs so far in 2013. Of that sum, 731,000 were part-time jobs versus just under a quarter, 23%, or 222,000, full-time jobs. This first-half trend held last year. Based on that federal survey, from January to July 2012, the U.S. economy created 1.4 million jobs. Of that sum, 53% were part-time jobs, 764,000, versus 658,000 or 47%, full-time jobs, reports FOX News analyst Steve Joachim. While the federal government and the White House are reporting the U.S. economy has been adding on average 200,000 jobs a month so far this year, a closer look at government data shows the majority of jobs created are part-time, lower-wage jobs, typically in the retail or restaurant industry, providing the reason why median household income continues to decline. Read more: www.foxbusiness.com/government/2013/08/21/health-reform-turning-us-into-part-time-nation/#ixzz2cdVhuXoMIt only gets worse if Obamacare goes in to effect. |
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Post by bobbins on Aug 24, 2013 19:18:37 GMT
Been through one of the worst recessions in history. And there is long term unemployment and part time labour consequence? Golly gosh!
Think what would have happened if one of the right wingers had instead got in power. Given they don't do economics, we'd be in all sorts
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diuretic
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Posts: 49 
Politics: Centre Left
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Post by diuretic on Sept 2, 2013 0:30:14 GMT
I know this is simplistic but the cause of unemployment is lack of work. Lack of work is caused by lack of demand for labour. Lack of demand for labour is caused by lack of demand for production.
Oh wait, if a company can produce offshore at lower wage rates then it will do so. Okay that means less work domestically. No help there then.
So this means that the US economy is not operating properly does it? And whose fault might that be? Obama?
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Post by niff on Sept 16, 2013 14:42:11 GMT
Yup. 'Endemic 'part-time service industry' employment isn't going to 'turn' the economy around.......ever. And that is the future for millions of folks.......forever.
Get used to it.No more 'home ownership'. No more credit cards. No more new cars. No more 'family getaways (on the cards)........ever.
Only scratching to barely make it week-to-week worried sick that if Bob loses his part time evening job b/c the business owner is talking about how he can't afford so many employees because of 'globalization', higher taxes, cost of production and to top it off now 'Obamacare' the family could be out on the street.
This is the 'new-normal' and you all better get used to it.......forever.
It may seem as if I'm just a 'doom-and-gloomer'. I'm not. I'm being realistic. The fact is America was always the 'Land of Plenty' where the 'Streets were paved with gold. The 'Golden Goose' would lay her eggs forever. She croaked the day the Chinese and East Indians woke up. She dead now. The LIB controlled education system is 'streaming' out illiterates who don't know if a duck is a bird. What is in their future? Zero. Zip. Nadda. Just an empty existence living on subsidized housing and food stamps.
Those who find a 'solution' to the collapse of the America way of life by simply taking more from the rich and 'redistributing' it to those less fortunate are living in a fantasy land of denial.
A friend of mine had a business manufacturing 'fasteners'. His father started it. At one time the father employed more than two hundred people. At one time there was even a union ripping off the employees. Anyway. Two years ago a couple of little Chinese businessmen visited the factory. Within six months the plant was empty. All the equipment had been sold to the Chinese. All the employees had been laid off. The building/factory owner has just sold the building for scrap metal. The land is worthless. The owner sold the family home and moved to Canada. He now lives in a new log home on fifty acres on his own little lake stocked with rainbow trout. He's learning to fly. Then he'll buy a small plane. He needs to do something after all. He's only thirty five.
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Post by niff on Sept 16, 2013 15:21:31 GMT
I know this is simplistic but the cause of unemployment is lack of work. Lack of work is caused by lack of demand for labour. Lack of demand for labour is caused by lack of demand for production. Oh wait, if a company can produce offshore at lower wage rates then it will do so. Okay that means less work domestically. No help there then. So this means that the US economy is not operating properly does it? And whose fault might that be? Obama? No it's not Obama's fault. No one is 'to blame'. You can't blame millions and millions and millions of half starving peasants in China and India for wanting to simply earn enough to survive.....let alone get ahead in life. The fact is America is in decline economically and socially as a direct result of global competition. The days of getting ahead simply by being willing to lug your lunch pal to work are over. It's like America was a spoiled child who inherited a million bucks and within a couple of decades 'burned' through it. Pretending that if only the rich would 'pay their fair share' to the 'Takers' and the economy will magically 'turn around' is foolish. The drunken hedonistic party is over. The ONLY hope for a young person today is to get an excellent education and even then there is zero guarantee of ever getting a decent job. For the semi illiterates leaving high school their lives will be comprised of living in subsidized housing and food stamps and if they're lucky a bit extra cash from the 'gray economy'. Which BTW is the fastest growing economic sector in the world, let alone the US. |
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Post by iolo on Sept 16, 2013 16:35:38 GMT
and then there is the problem of Obama turning us into a part-time nation: Part-time work accounted for a whopping 77% of the jobs the U.S. economy created from January through July, according to household survey data from the Bureau of Labor Statistics.
Specifically, this data show that the U.S. economy has created 953,000 jobs so far in 2013. Of that sum, 731,000 were part-time jobs versus just under a quarter, 23%, or 222,000, full-time jobs. This first-half trend held last year. Based on that federal survey, from January to July 2012, the U.S. economy created 1.4 million jobs. Of that sum, 53% were part-time jobs, 764,000, versus 658,000 or 47%, full-time jobs, reports FOX News analyst Steve Joachim. While the federal government and the White House are reporting the U.S. economy has been adding on average 200,000 jobs a month so far this year, a closer look at government data shows the majority of jobs created are part-time, lower-wage jobs, typically in the retail or restaurant industry, providing the reason why median household income continues to decline. Read more: www.foxbusiness.com/government/2013/08/21/health-reform-turning-us-into-part-time-nation/#ixzz2cdVhuXoMIt only gets worse if Obamacare goes in to effect. Well, you choose to live under capitalism - what do you expect, and what can it conceivably have to do with your President? It is an insane system outside human control, as you know. |
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newsman
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Posts: 37
Politics: Independent
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Post by newsman on Sept 16, 2013 17:31:59 GMT
Newsflash - many of those people were unemployed long before President Obama was elected. There were massive rounds of layoffs and "buyouts" between 2001 and 2008 in the American private sector.
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Post by ShivaTD on Sept 17, 2013 12:30:08 GMT
"The economy has seen an "unprecedented" number of long-term unemployed under the Obama administration, according to a liberal think tank, and economists say plans pursued by Democrats in Washington are unlikely to curb the problem. Nearly 5 million workers are classified as long-term unemployed, while 900,000 more have stopped looking for work altogether, according to a new series of reports issued by the Urban Institute. Three percent of the labor force has been out of work for more than six months, an improvement of only one percentage point since unemployment spiked in October 2009, according to the study. "That long-term unemployment would rise during a recession is not at all surprising, but the extent of the increase and its persistently high level since the start of the recovery are both troubling and unprecedented," the report states. "The U.S. economy is now well into its fourth year of recovery, the unemployment rate is below 8 percent, yet the long-term share of unemployment is still near 40 percent." Read more: www.foxnews.com/politics/2013/08/21/number-long-term-unemployed-unprecedented-under-obama/#ixzz2cdUBvKeZ
Of course Congress has, to a large degree, washed it's hands of the whole affair and isn't dealing at all with long term unemployment. Because of the mandated expenditure cuts due to "sequester" federal emergency unemployment benefits were slashed by over 20% and they've been cut off completely for the long term unemployed. In fact, unless the House acts immediately to initiate legislation (spending measures, according to the US Constitution, originate in the House) then all federal emergency unemployment benefits will end in December.
We also need to address the fact that just because a "state" might have overall unemployment below 8% that there is still a significant need for the long-term unemployed in the state. Federal criteria for the long-term unemployed needs to be addressed regardless of the states overall unemployment rate.
The House of Representatives really needs to get off of it's ass and do something about long term unemployment benefits because so many Americans remain unemployed for an extensive amount of time.
Even worse is that while the "recession" is technically over the vast majority of Americans are worse off than ever before. The average American has lost about 7% of their purchasing power since 2008 (roughly double that for blacks) while the wealthy have seen a substantial increase in their wealth.
So while the economy is recovering quite well only the wealthy are benefiting from it.
Time to contact or House Representatives and demand that they do something to help the long-term unemployed and to also address the fact that only the wealthy are benefiting from the economic recovery since 2009 while American workers are still paying for the 2008 Recession.
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Post by ShivaTD on Sept 17, 2013 12:48:35 GMT
Newsflash - many of those people were unemployed long before President Obama was elected. There were massive rounds of layoffs and "buyouts" between 2001 and 2008 in the American private sector.
There is also what I'd call the "trickle effect" where the best performers are retained by companies as long as possible while the lower performers are let go. This puts the lower performers into the job market first so when there is a job opening they tend to fill it. By the time the high performers are laid off the job positions are filled and there isn't employment for them. Some of the highest performers managed to retain their jobs until 2010, 2011 and even into 2012 but all of the jobs in their profession that opened up in that time frame are already filled. We saw this after the 9/11/2001 when the terrorist attacks resulted on a high layoff rate for those in aerospace. There were few jobs and those laid off first filled those jobs before the higher performers were laid off.
Of course I like pragmatic solutions and I have one. Since the wealthy investors are reaping all of the financial benefits of the recovery how about we raise the capital gains tax for those with over $1 million in income to 30%? They'll still be taxed at a lower rate than someone with "earned" income and we could use that revenue to increase federal emergency unemployment benefits for the long term unemployed. Makes sense to me and that's what I'm going to recommend to my Congressional Representative.
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Post by niff on Sept 17, 2013 12:59:26 GMT
So SPECIFICALLY! what do you think 'Congress' (you're referring to the GOP of course while not saying so) can do about 'long term unemployment? Tax the wealthy and give it to the long term unemployed? Would that solve anything? What would you think would be a 'fair' tax rate for the wealthy? Ninety percent? The Government could take 100% of the money the 'wealthy' have right now and it would last about a week. The long term unemployed aren't ever going to get 'good paying' secure full time jobs. Ever. Maybe the members of Congress (GOP) could each hire a few million unemployed. Yeah, that's the ticket!
Face facts. Global competition was the death-kneel for the American middle class.
The explosion of part time 'service industry jobs isn't even going to help the economy long term. Who needs to pay a chamber maid minimum wage to clean rooms the 'middle class' can't afford to rent any more? I'll tell you who isn't going to be renting the rooms: The people making minimum wage. B/c they are staying home and using the money to buy staples.
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Post by JP5 on Sept 17, 2013 13:30:56 GMT
Been through one of the worst recessions in history. And there is long term unemployment and part time labour consequence? Golly gosh! Think what would have happened if one of the right wingers had instead got in power. Given they don't do economics, we'd be in all sorts |
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Post by JP5 on Sept 17, 2013 13:35:32 GMT
I know this is simplistic but the cause of unemployment is lack of work. Lack of work is caused by lack of demand for labour. Lack of demand for labour is caused by lack of demand for production. Oh wait, if a company can produce offshore at lower wage rates then it will do so. Okay that means less work domestically. No help there then. So this means that the US economy is not operating properly does it? And whose fault might that be? Obama? No it's not Obama's fault. No one is 'to blame'. You can't blame millions and millions and millions of half starving peasants in China and India for wanting to simply earn enough to survive.....let alone get ahead in life. The fact is America is in decline economically and socially as a direct result of global competition. The days of getting ahead simply by being willing to lug your lunch pal to work are over. It's like America was a spoiled child who inherited a million bucks and within a couple of decades 'burned' through it. Pretending that if only the rich would 'pay their fair share' to the 'Takers' and the economy will magically 'turn around' is foolish. The drunken hedonistic party is over. The ONLY hope for a young person today is to get an excellent education and even then there is zero guarantee of ever getting a decent job. For the semi illiterates leaving high school their lives will be comprised of living in subsidized housing and food stamps and if they're lucky a bit extra cash from the 'gray economy'. Which BTW is the fastest growing economic sector in the world, let alone the US. |
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Post by JP5 on Sept 17, 2013 13:38:49 GMT
and then there is the problem of Obama turning us into a part-time nation: Part-time work accounted for a whopping 77% of the jobs the U.S. economy created from January through July, according to household survey data from the Bureau of Labor Statistics.
Specifically, this data show that the U.S. economy has created 953,000 jobs so far in 2013. Of that sum, 731,000 were part-time jobs versus just under a quarter, 23%, or 222,000, full-time jobs. This first-half trend held last year. Based on that federal survey, from January to July 2012, the U.S. economy created 1.4 million jobs. Of that sum, 53% were part-time jobs, 764,000, versus 658,000 or 47%, full-time jobs, reports FOX News analyst Steve Joachim. While the federal government and the White House are reporting the U.S. economy has been adding on average 200,000 jobs a month so far this year, a closer look at government data shows the majority of jobs created are part-time, lower-wage jobs, typically in the retail or restaurant industry, providing the reason why median household income continues to decline. Read more: www.foxbusiness.com/government/2013/08/21/health-reform-turning-us-into-part-time-nation/#ixzz2cdVhuXoMIt only gets worse if Obamacare goes in to effect. Well, you choose to live under capitalism - what do you expect, and what can it conceivably have to do with your President? It is an insane system outside human control, as you know. |
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Post by JP5 on Sept 17, 2013 13:45:24 GMT
So SPECIFICALLY! what do you think 'Congress' (you're referring to the GOP of course while not saying so) can do about 'long term unemployment? Tax the wealthy and give it to the long term unemployed? Would that solve anything? What would you think would be a 'fair' tax rate for the wealthy? Ninety percent? The Government could take 100% of the money the 'wealthy' have right now and it would last about a week. The long term unemployed aren't ever going to get 'good paying' secure full time jobs. Ever. Maybe the members of Congress (GOP) could each hire a few million unemployed. Yeah, that's the ticket! Face facts. Global competition was the death-kneel for the American middle class. The explosion of part time 'service industry jobs isn't even going to help the economy long term. Who needs to pay a chamber maid minimum wage to clean rooms the 'middle class' can't afford to rent any more? I'll tell you who isn't going to be renting the rooms: The people making minimum wage. B/c they are staying home and using the money to buy staples. |
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