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Thread: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

  1. #141
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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Bob N View Post
    Let me understand here. Is that why people are making $16. (? I think that's what you said without looking back at the post.) an hour at McDonalds in North Dakota?
    Exactly right, market conditions at work, not enough employees to meet the demand for jobs forcing businesses to offer higher salaries. Works all the time showing we don't need the Federal Govt. to artificially set wages for a private sector, the market will do it.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post
    Exactly right, market conditions at work, not enough employees to meet the demand for jobs forcing businesses to offer higher salaries. Works all the time showing we don't need the Federal Govt. to artificially set wages for a private sector, the market will do it.
    History is replete with examples of how economies work when there is no artificial intervention? Yup, the people with money pay it, as much as is necessary to as many as necessary, to get what they need done, to the people that need some money. Yup, and if there is a situation (again history is replete) where the people with are few and the people without are many then there is stability.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post
    Exactly right, market conditions at work, not enough employees to meet the demand for jobs forcing businesses to offer higher salaries. Works all the time showing we don't need the Federal Govt. to artificially set wages for a private sector, the market will do it.
    I disagree and here's why.

    McDonalds is paying that amount per hour so that someone is interested enough to work there, that's why.

    But it's just like I told you back in this post; it's that so they can comfortably live there. In other words, the cost is so high to live there that no one in their right mind would take the job at $7.25 an hour.

    Take note of this Bloomberg article: North Dakota Oil Boom Brings Blight With Growth as Costs Soar

    ...North Dakotaís economy outpaced every other state in 2011, with the fastest growth in personal income, jobs and home prices, according to Bloomberg Economic Evaluation of States, or BEES, index data. Yet the oil boom fueling the nationís lowest unemployment rate also has a dark side. Itís pushing rural North Dakotaís housing, electric, water, police and emergency services to the breaking point...

    ...Prices for gasoline and groceries in Mountrail and Williams counties -- the heart of the boom -- are 30 percent higher than in the stateís largest cities. Lines to eat at local restaurants often top an hour. Finding a plumber or a handyman can take weeks and often cost three times as much as it did three years ago...
    And one can not just look at the rising costs at the present moment; one must also consider the costs of what happens when those oil companies leave and those natural resources are messed up.

    Yes. It's going to take more than $16.00 an hour to fix that. I'm glad and mad that I don't live there. Why? My tax dollars will go to fix those problems up while the oil companies tie the whole fiasco up in the court system.
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Helix View Post
    monthly jobs report. rage or rejoice.
    The way our government calculates unemployment is a) flawed and b) retarded (and I mean that in the literal sense).

    The governments idea of adding jobs is employing government employees (hence growing government) or hiring companies to subcontract work - work which is not needed.

    When it comes to the unemployment rate - those who have just given up looking for jobs (because there are none) and those who have been booted off of unemployment are NOT counted...

    It's absolutely amazing how this has gone on for decades not and no one has ever seen the flaws in the formula, and I suspect the only reason that is - is that because a low unemployment rate (and the way the numbers are manipulated) only reenforces our global credit rating.

    Unemployment numbers are too deceptive - but given that notion it really goes to show how honest our government actually is.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by OhIsee.Then View Post
    History is replete with examples of how economies work when there is no artificial intervention? Yup, the people with money pay it, as much as is necessary to as many as necessary, to get what they need done, to the people that need some money. Yup, and if there is a situation (again history is replete) where the people with are few and the people without are many then there is stability.
    you apparently believe that businesses hold a gun to an employees head forcing them to work for a minimum wage apparently forever. That is a very nearsighted approach and understanding of business and personal responsibility. Enough people not taking the job or better yet a pro growth economic policy that creates greater demand for jobs will raise wages, not a minimum wage, not govt. regulations, not govt. interference, not ACA

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Bob N View Post
    I disagree and here's why.

    McDonalds is paying that amount per hour so that someone is interested enough to work there, that's why.

    But it's just like I told you back in this post; it's that so they can comfortably live there. In other words, the cost is so high to live there that no one in their right mind would take the job at $7.25 an hour.

    Take note of this Bloomberg article: North Dakota Oil Boom Brings Blight With Growth as Costs Soar



    And one can not just look at the rising costs at the present moment; one must also consider the costs of what happens when those oil companies leave and those natural resources are messed up.

    Yes. It's going to take more than $16.00 an hour to fix that. I'm glad and mad that I don't live there. Why? My tax dollars will go to fix those problems up while the oil companies tie the whole fiasco up in the court system.
    Oh, my, you believe it is expensive to live in N. Dakota?

    N. Dakota ranks about in the middle of the pack in terms of cost of living. McDonald's workers in California don't mate $16 per hour

    Top States 2013: Overall Rankings

    You have no concept of supply and demand and therein lies your problem

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post
    you apparently believe that businesses hold a gun to an employees head forcing them to work for a minimum wage apparently forever. That is a very nearsighted approach and understanding of business and personal responsibility. Enough people not taking the job or better yet a pro growth economic policy that creates greater demand for jobs will raise wages, not a minimum wage, not govt. regulations, not govt. interference, not ACA
    First I'm not a believer, I'm a retired design engineer with several patents for complex systems.

    Businesses don't force them to work, actually they are very happy to have the job since so many of their peers don't. One has to look at what makes the most benefit, e.g. money, for the business owners. They don't think about unemployment rates as much as the cost of adding employees relative to the increase in net profit. At what typical and approximate point does a typical business make the most profit between zero unemployment and no employment of the people they need to operate?

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by OhIsee.Then View Post
    First I'm not a believer, I'm a retired design engineer with several patents for complex systems.

    Businesses don't force them to work, actually they are very happy to have the job since so many of their peers don't. One has to look at what makes the most benefit, e.g. money, for the business owners. They don't think about unemployment rates as much as the cost of adding employees relative to the increase in net profit. At what typical and approximate point does a typical business make the most profit between zero unemployment and no employment of the people they need to operate?

    That is an independent decision made by the business owner and depends on their profit demand and desire to grow or not to grow. There isn't a set number and never will be. Payroll is the single biggest operating expense of any business.

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Conservative View Post
    Oh, my, you believe it is expensive to live in N. Dakota?
    That's right. That's two articles now that you haven't read. You really should go back and read them; they're quite interesting and you might learn something about life other than what one political party mesmerizes you with.

    Just wait until the fracking stops and the oil companies move. The people in North Dakota will be crying to the Fed on what they're (Fed) going to do about a mess they (N Dakota citizens) wanted but do not wish to pay for now. The oil companies will tie this up in the court system and be laughing all the way to the bank.


    You have no concept of supply and demand and therein lies your problem
    And all you can see is the present moment and not what is possible in the future. Oil companies has done this before and they will do it again; history repeats itself.
    "The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations." `Thomas Jefferson

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    Re: Economy adds 192,000 jobs; unemployment rate holds steady at 6.7%

    Quote Originally Posted by Bob N View Post
    That's right. That's two articles now that you haven't read. You really should go back and read them; they're quite interesting and you might learn something about life other than what one political party mesmerizes you with.

    Just wait until the fracking stops and the oil companies move. The people in North Dakota will be crying to the Fed on what they're (Fed) going to do about a mess they (N Dakota citizens) wanted but do not wish to pay for now. The oil companies will tie this up in the court system and be laughing all the way to the bank.


    And all you can see is the present moment and not what is possible in the future. Oil companies has done this before and they will do it again; history repeats itself.
    Have you given any thought to a new career as a prognosticator or predictor of the future? I posted the data showing where N. Dakota ranked in cost of living which obviously means nothing to you. Wonder why it is that California which has among the highest cost of living in the nation doesn't have McDonald's paying its workers $16 per hour? The answer is supply and demand but you don't seem to understand it. You might learn something if you did

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