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

danielpalos said:
not if you can collect unemployment compensation and obtain as many degrees as necessary to command an efficiency wage in the market for labor.
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Umm...

Why do that when you can collect unemployment compensation and NOT work at obtaining degrees or whatnot?
 
danielpalos said:
due to the market based metrics supplied by the laws of demand and supply under Any form of Capitalism.
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That sentence means nothing to me.

Use different words.
 
The Mark said:
That sentence means nothing to me.

Use different words.
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My dear Comrade,

Here is one understanding of Capitalism:

Capitalism is an economic system in which trade, industry, and the means of production are controlled by private owners with the goal of making profits in a market economy.[1][2] Central characteristics of capitalism include capital accumulation, competitive markets and wage labor.[3] In a capitalist economy, the parties to a transaction typically determine the prices at which assets, goods, and services are exchanged.[4]

Source: Capitalism - Wikipedia, the free encyclopedia
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danielpalos said:
My dear Comrade,

Here is one understanding of Capitalism:
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Right, so...

What was your point again?

And why are you posting the definition of Capitalism according to Wikipedia?
 
danielpalos said:
You are resorting to a false analogy due to a lack of recourse to a form of minimum wage that clears our poverty guidelines.
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You are resorting to an argument devoid of any understanding of human psychology. Have you ever been poor or spent any time among the poor? People don't "decide to stay poor on an at-will basis." They tell themselves (oftentimes for years), "next week/month/year I'll *really* apply myself and all will be good." Or they convince themselves that their economic situation is completely dependent on the actions of others. Or they don't think about it at all.

Further, many of the unemployed poor are incapable of obtaining degrees. They simply don't have the mental ability. If you think that sounds unfair or harsh, then you obviously haven't spent any time among the poor. When you have an IQ of 80, you don't think to yourself, "the most rational way to allocate these supplementary funds is to alleviate myself from any exigent monetary concerns and retain the remainder as an investment in marketable skills that will advance my current socioeconomic standing."
 
Taylor said:
You are resorting to an argument devoid of any understanding of human psychology. Have you ever been poor or spent any time among the poor? People don't "decide to stay poor on an at-will basis." They tell themselves (oftentimes for years), "next week/month/year I'll *really* apply myself and all will be good." Or they convince themselves that their economic situation is completely dependent on the actions of others. Or they don't think about it at all.

Further, many of the unemployed poor are incapable of obtaining degrees. They simply don't have the mental ability. If you think that sounds unfair or harsh, then you obviously haven't spent any time among the poor. When you have an IQ of 80, you don't think to yourself, "the most rational way to allocate these supplementary funds is to alleviate myself from any exigent monetary concerns and retain the remainder as an investment in marketable skills that will advance my current socioeconomic standing."
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I am not the one, pleading so specially. What excuse could any Person in our republic have for staying poor on an at-will basis, if they could no longer claim to be in official poverty?
 
j-mac said:
You could be right to a certain extent. But the administration is not helping itself by not explaining this.
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...they should have to explain something we've known was going to happen for decades? Would you even buy that explanation if the administration was providing it?
 
danielpalos said:
Under our current regime, labor is denied and disparage in recourse to their enumerated rights regarding unemployment compensation in our at-will employment States.
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English please.
 
Slyfox696 said:
...they should have to explain something we've known was going to happen for decades? Would you even buy that explanation if the administration was providing it?
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At this point I don't believe much that this administration says, that's true...But yes...We see that people blindly accepting that the 288K Jobs number without question shows exactly how badly we need the explanation...
 
danielpalos said:
due to the market based metrics supplied by the laws of demand and supply under Any form of Capitalism.
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You posted the definition of capitalism according to Wikipedia due to the market based metrics supplied by the laws of demand and supply under Any form of Capitalism?

What does that even MEAN?!?
 
The Mark said:
You posted the definition of capitalism according to Wikipedia due to the market based metrics supplied by the laws of demand and supply under Any form of Capitalism?

What does that even MEAN?!?
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It means the laws of demand and supply, apply. Any questions?
 
j-mac said:
Throwing out the 288K number leaves out much....Like the 809K that dropped out of the Labor Force...That was more responsible for the UE number going down than the new jobs....
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The two are unrelated. Different surveys, time periods, sample universes, and definitions.
 
danielpalos said:
It means the laws of demand and supply, apply. Any questions?
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I probably have hundreds of questions, but I can't ask them of you, because you'll just reply the same way, not answering them at all.

Like right now.

What the heck does: "it means the laws of demand and supply, apply." mean in the context of my question.

You're not even replying to what I post anymore...
 
The Mark said:
I probably have hundreds of questions, but I can't ask them of you, because you'll just reply the same way, not answering them at all.

Like right now.

What the heck does: "it means the laws of demand and supply, apply." mean in the context of my question.

You're not even replying to what I post anymore...
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It means you need to understand something about Capitalism.
 
j-mac said:
At this point I don't believe much that this administration says, that's true
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Then why should they take the time to provide numbers we've known were coming for decades which you won't believe?

We see that people blindly accepting that the 288K Jobs number without question shows exactly how badly we need the explanation...
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j-mac said:
Throwing out the 288K number leaves out much....Like the 809K that dropped out of the Labor Force...That was more responsible for the UE number going down than the new jobs....
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Umm, it was reported right along with the jobs numbers, at least in most reports I've seen...
 
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