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Thread: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AlabamaPaul View Post
    So, give us a number. How much should an employer be expected to pay for each employee and how much should each individual be expected to pay as a percentage of wages (FYI: Our employees currently pay nothing)...
    I expect it to be paid in taxes. You lose wages because your employer picks up your cost. he could pay you move if he wasn't paying your insurance. So, you don't really pay nothing. That's a slight of hand many miss.

    The exact numbers of what it might cost are not readily available, but I've looked up and posted how it would be before. The point is, the cost would be more evenly divided, and as it would function like an insurance, the larger pool would help negate costs. Every single payer system in the world, the great ones and the not so great, all pay less than we do.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Boo Radley View Post
    I expect it to be paid in taxes. You lose wages because your employer picks up your cost. he could pay you move if he wasn't paying your insurance. So, you don't really pay nothing. That's a slight of hand many miss.

    The exact numbers of what it might cost are not readily available, but I've looked up and posted how it would be before. The point is, the cost would be more evenly divided, and as it would function like an insurance, the larger pool would help negate costs. Every single payer system in the world, the great ones and the not so great, all pay less than we do.
    There is no slight of hand. Many employers require their employees to contribute to their insurance costs. There are also many employers not providing insurance. I've asked this same question numerous times, and, as from you, I never get an answer other than it would cost less with no supporting evidence...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
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    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ocean515 View Post


    Hope that leg is coming along...
    Doing great! Plus, with the titanium metal that's now incorporated in it, it's worth more in dollars than the other leg! :

    Just doing my part to improve the economy!

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ocean515 View Post
    I'm sorry, but from the examples I've seen, your remedy has not born the fruit the theory promised.

    Spending on education is substantial, and the manufacturing sector has certainly taken a beating as a result of union actions.

    I think the gulf between our two opinions is rather vast.
    Well I wouldn't really call that my opinion, it's more of an empirically derived statement that's backed up by the evidence.

    The Gini Index is reasonable approximation of wages / productivity. It's pretty clear that unemployment rises when productivity outpaces wages.

    state_unemployment_increase_by_gini_coefficent.jpg

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by DA60 View Post
    Is that a 'yes' or a 'no'?
    That's a "you clearly do have a problem with it". I've already answered your question multiples times...well, I answered it once and then re-posted the same answer. Maybe one of these days you'll figure it out.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Erod View Post
    No, they haven't. Businesses are best built on full-time commitment, and always have been. The conversations being had in executive meetings are different than anything I've heard in the past 15 years, and my industry colleagues are saying the same. This is unchartered territory.
    No, they are not. We've been moving toward part time employment since the 80s.


    In a few cases, American companies reacted by simply shutting down and moving their factories elsewhere -- an option that became increasingly easy as trade and tax laws changed in the 1980s and 1990s. Many others continued to operate, but the paternalistic system began to fray. Employers felt they could no longer make lifetime commitments to their workers. To boost flexibility and reduce costs, they made greater use of temporary and part-time workers. Temporary-help firms supplied 417,000 employees, or 0.5 percent of non-farm payroll employment, in 1982; by 1998, they provided 2.8 million workers, or 2.1 percent of the non-farm work force.

    Outline of the U.S. Economy

    What the growth of contract and part-time work, and other forms of contingent employment mean to individuals and companies.

    http://www.cognitionnet.com/member/r..._Workplace.pdf

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by AlabamaPaul View Post
    There is no slight of hand. Many employers require their employees to contribute to their insurance costs. There are also many employers not providing insurance. I've asked this same question numerous times, and, as from you, I never get an answer other than it would cost less with no supporting evidence...
    Cost depends on specifics. I can't guess what system they will adopt. But when you pay nothing, that only means your employer is paying all of it, or you don't have insurance. You don't get it for free. And he has always deferred his costs by hiring less people full time.

    So, that money now paid, by you one way or another, is the same money that would be paid by taxes, likely less due to fewer administrative costs. Surely you understand what is being said?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Conservative View Post
    Perhaps you can address the stagnant labor force growth during the Obama term as well as the high numbers of discouraged workers during his term? Trumpeting 195000 jobs created without context is what ideologues do. How anyone can continue to support this empty suit is beyond comprehension.
    Labor force stagnation would be a reality no matter who was elected president. Macroeconomic policy on the basis of party politics simply does not cut it, and therefore little can be gained from your posts on this matter.

    The U.S. and the majority of the developed world are in a period of extreme economic healing. The effects of a "balance-sheet recession" can last for more than a decade. As the graph depicts, the ratio between the U.S. Federal Reserve balance and the broad money supply has increased dramatically and persists to this day.



    It is not about who is President.... To ignore the lasting psychological impact of extreme losses in wealth while constantly blathering on about the President accomplishes zero. The U.S. is primarily a market economy (meaning the president is not responsible for private sector management decisions).
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by Boo Radley View Post
    Cost depends on specifics. I can't guess what system they will adopt. But when you pay nothing, that only means your employer is paying all of it, or you don't have insurance. You don't get it for free. And he has always deferred his costs by hiring less people full time.

    So, that money now paid, by you one way or another, is the same money that would be paid by taxes, likely less due to fewer administrative costs. Surely you understand what is being said?
    Health care costs in the country are estimated to be approximately 1/6 of the US economy or about $2.4T/year. That would be a lot of taxes...
    I don't often change my signature, but this was just too over the top to let anyone forget with what this country is up against...
    Quote Originally Posted by James D Hill View Post
    I am for gay marriage because it ticks off Jesus freaks and social conservatives. Gays are also good voters because the vote for my side so I fight next to them.

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    Re: U.S. Adds 195,000 Jobs; Unemployment Remains 7.6%

    Quote Originally Posted by ocean515 View Post
    Gee whiz truth, you've done nothing by obfuscate and claim the other poster is a bad employer, and likes to use clubs on other people.
    Still waiting for your finding me saying this

    I've mearly (sic) tried to engage in some rational debate. As usual, I see that is a great challenge with you.
    No, personal attacks and false premise is not rational debate.



    Perhaps you could offer some ideas of your own, rather than personal attacks and judgements. (sic)

    Just a thought.
    I have offered plenty in this thread, you ignore it while you continue on with false premises.

    By the way, do you have any thoughts about the amount of gross revenue the average business needs to generate to cover a $50k job w/benefits?
    We already went over this, and doing the same thing over and over expecting a different outcome.... is not rational.....just the opposite.

    Really anxious to learn from your perspective.
    Again with the false premise.
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    If you wanna know why Trumpsters are ignoring you its for the same reason you ignored the KKKs complaints about Obama.
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    When it comes down to it, all facts are cherry picked.
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    He didn't say it didn't make sense. He said it is complete nonsense.

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