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Thread: US unemployment lowest in 4 years

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    Chile refused to bail out the economy for a few years before they could no longer function. We most certainly can take a lesson from them since many of their privatized policies are here at our front door. What exactly do you think would have happened if we did nothing?
    Chile doesn't have 50 sovereign states that have their own economy and if that economy isn't good move to one that is. This isn't an economy based upon a large central Govt. Chile was.

    If we did nothing we would lose some businesses but would be stronger today. We need to stop rewarding bad behavior and that is what the Federal Govt. did with TARP and what liberals do all the time with individuals.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    And, that does not at all address tax breaks for business
    Congress has that authority. Why do you care what a corporation makes or pays in taxes? We don't have a revenue problem, we have a spending problem. You need to get over your jealousy and cheer success instead of demonizing it.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by j-mac View Post
    So why have they given up then? I mean, if we are to believe what you are saying, and jobs are out there for the taking, then why aren't they applying? Surely they are not all winning the lottery are they? (well, in a sense, with handouts, maybe they are)
    There are all sorts of reasons why employers look at applicant’s and continuously reject them. Let’s take a look:

    A person loses their job, and if they were fired they have a certain amount of time before their unemployment benefits run out. Before the Federal extension program most states paid for 26 weeks, with a few paying up to a year. In any case, unemployment pays only a fraction of your original pay, so you are dealing with all prior bills with less money.

    Now the person submits job applications, usually for employment similar to their prior experience and pay grade. Employers get a lot of applications for jobs and they can’t interview everyone. So they perform triage using applications and resumes. They eliminate candidates if they have prior criminal records, are too old or too young, not enough experience or too much experience, not enough education or too much education, skill-sets aren’t quite what they are looking for, etc., etc., etc.

    Time passes and after six months employers use that time factor to eliminate many candidates, because they suspect something is wrong if the applicant has taken that long to find a new job. By this point applicants who have high skills, education, and experience start looking for jobs that are below the level of their prior positions. Employers see this and they eliminate the applicant because they don’t expect them to stay longer than it would take to find a better job.

    Starting to get a picture here?

    At some point unemployment benefits and/or savings runs out and applicants lose their apartments, or homes. If they are lucky they go live with relatives or friends willing to support them while they keep trying to find work. If not they end up in shelters, or homeless and this makes it almost impossible to find work for many reasons. Others simply end up in under-the-table jobs, day labor, welfare, or crime (drug dealing, theft, etc.).

    Economists prefer to ignore this, and simply point to decreasing unemployment numbers as if the economy is recovering. It isn’t, more people are just dropping out of the job market and turning to less savory options. Neither the government nor these supporting economists want to deal with this so they fudge the figures and hope we just ignore it.

    This is only ONE aspect of Hidden Unemployment that government unemployment figures, and economists and statisticians who support "the economy is doing fine" theory don't want us to address. So, as long as a person is "not seeking" then of course they don't count. Meanwhile, we still have 4 people looking for every one job currently available in the USA; so that even without Hidden Unemployment if every available job were filled today, three people "seeking" would still be out of work.
    Last edited by Captain Adverse; 08-04-13 at 09:52 PM.
    If I stop responding it doesn't mean I've conceded the point or agree with you. It only means I've made my point and I don't mind you having the last word. Please wait a few minutes before "quoting" me. I often correct errors for a minute or two after I post before the final product is ready.

  4. #294
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    Chile refused to bail out the economy for a few years before they could no longer function. We most certainly can take a lesson from them since many of their privatized policies are here at our front door. What exactly do you think would have happened if we did nothing?
    If we did nothing? Chances are that the country would have sunk into a depression, and yes it would have been horrible, but by this point we would have been expanding at a far greater rate. That's my opinion anyway.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    The Constitution says nothing about tax breaks for business either.
    You are correct. The 16th amendment allows for direct federal taxation of income from all sources. The current FIT code contains a bunch of BS, 85% of it is dedicated towards deductions, credits, exclusions and exemptions based on how (and upon who) that income was later spent. All of that BS is what lobbyists have convinced our congress critters is "fair" - meaning it makes "special folks" get reduced federal income tax bills.
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Captain Adverse View Post
    There are all sorts of reasons why employers look at applicant’s and continuously reject them. Let’s take a look:

    A person loses their job, and if they were fired they have a certain amount of time before their unemployment benefits run out. Before the Federal extension program most states paid for 26 weeks, with a few paying up to a year. In any case, unemployment pays only a fraction of your original pay, so you are dealing with all prior bills with less money.

    Now the person submits job applications, usually for employment similar to their prior experience and pay grade. Employers get a lot of applications for jobs and they can’t interview everyone. So they perform triage using applications and resumes. They eliminate candidates if they have prior criminal records, are too old or too young, not enough experience or too much experience, not enough education or too much education, skill-sets aren’t quite what they are looking for, etc., etc., etc.

    Time passes and after six months employers use that time factor to eliminate many candidates, because they suspect something is wrong if the applicant has taken that long to find a new job. By this point applicants who have high skills, education, and experience start looking for jobs that are below the level of their prior positions. Employers see this and they eliminate the applicant because they don’t expect them to stay longer than it would take to find a better job.

    Starting to get a picture here?

    At some point unemployment benefits and/or savings runs out and applicants lose their apartments, or homes. If they are lucky they go live with relatives or friends willing to support them while they keep trying to find work. If not they end up in shelters, or homeless and this makes it almost impossible to find work for many reasons. Others simply end up in under-the-table jobs, day labor, welfare, or crime (drug dealing, theft, etc.).

    Economists prefer to ignore this, and simply point to decreasing unemployment numbers as if the economy is recovering. It isn’t, more people are just dropping out of the job market and turning to less savory options. Neither the government nor these supporting economists want to deal with this so they fudge the figures and hope we just ignore it.

    This is only ONE aspect of Hidden Unemployment that government unemployment figures, and economists and statisticians who support "the economy is doing fine" theory don't want us to address. So, as long as a person is "not seeking" then of course they don't count. Meanwhile, we still have 4 people looking for every one job currently available in the USA; so that even without Hidden Unemployment if every available job were filled today, three people "seeking" would still be out of work.
    You are spot on here CA. I know this to be real, you know this to be real, but this will never be admitted by the true followers of the current administration that came to power preaching fundamental transformation, whom say this is the "new norm" and we should get used to it....Ain't it great? We are left with propaganda, and slogans, meanwhile after a lifetime of work, we have nothing to look forward to because we are not the elite....God I hate progressive socialism.
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Conservative View Post
    Chile doesn't have 50 sovereign states that have their own economy and if that economy isn't good move to one that is. This isn't an economy based upon a large central Govt. Chile was.

    If we did nothing we would lose some businesses but would be stronger today. We need to stop rewarding bad behavior and that is what the Federal Govt. did with TARP and what liberals do all the time with individuals.
    Chile had a decentralized government under Pinochet. Moving to a different region would have not gotten them out of the economic mess they faced. If we did nothing, many more people would be unemployed and the social safety nets would not have been sustainable. Mass unemployment and the problems it would cause is not the fault of people. It's the fault of a bad economy that was sustained by using financial instruments that help to implode the world wide economy.

  8. #298
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by Conservative View Post
    Congress has that authority. Why do you care what a corporation makes or pays in taxes? We don't have a revenue problem, we have a spending problem. You need to get over your jealousy and cheer success instead of demonizing it.
    Same ole' tired out talking points

  9. #299
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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by j-mac View Post
    If we did nothing? Chances are that the country would have sunk into a depression, and yes it would have been horrible, but by this point we would have been expanding at a far greater rate. That's my opinion anyway.
    I agree we would have most definitely hit a depression, but what makes you think we would be better off after a depression?

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    Re: US unemployment lowest in 4 years

    Quote Originally Posted by rabbitcaebannog View Post
    Same ole' tired out talking points
    What happens when the curtain is pulled back, and the QE is stopped?
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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