Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To
this is the left wrong logic at it's again. wages are based on market value and supply vs demand. there are more people looking for work than jobs which means pay goes down.
False, pay has not gone down in absolute terms, there exists a property known as "sticky wages", research it.
if you notice pre-recession wages were through the roof due to worker demand from companies.
BS:
http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/21/between-2000-and-2012-american-wages-grewnot-at-all/
http://inequality.org/income-inequality/
Wages are stagnate due to government continiously messing with the economy and the system instead of actually keeping it's nose out of the way.
the more expensive you make it for businesses to operate it means less money for wages and raises.
A moment ago wages "went through the roof" (but they didn't), and during the recession " pay goes down".......so I guess your argument is that the recession was caused by regulations on business....?
Currently, the states that are "expanding" are primarily states that have large amounts of petroleum products, ie oil and gas.
actually that is false as well. while some states are expanding in mining in general other states are going strong in argiculture etc.
10 states with the fastest growing economies
however if you read the article i will go ahead and point out one major detail that they mention.
Oh, wait, you skipped something in your article, so let me post it for you to read:
On the other hand, in "five of the top states, [growth] was primarily a result of mining," which includes oil, natural gas and coal production. Among these was Wyoming, the nation's second-fastest growing state, where mining accounted for 6.1 percentage points of the state's 7.6% growth rate. All of the top four states for GDP growth were among the top four nationwide in terms of the mining sector's share of growth. Additionally, three other top states were among the top 10 for GDP growth contributions from the mining sector.
Gosh, looks like I was correct after all.
One common trait among a number of the fastest growing states, however, was a resilient government sector. According to Woodruff, "government was the largest detractor — if you will — from growth in most states." While the government sector directly pulled down GDP nationwide, and served as a drag on output in all but 11 states, this was not the case in the fastest growing states. In fact, six of the top 10 growing states did not experience a drop in output from the government sector.
wait what you said wasn't happening IS HAPPENING. Governments are draining their state GDP's.
so a complete denial that government impedes not only the economy but jobs as well hmmm sounds familar since i just said and you said that wasn't the case.
Let me once again help you out on economic concepts. State GDP, as in all GDP, has a component know as "government spending":
GDP (Y) is the sum of consumption (C), investment (I),
government spending (G) and net exports (X – M).
Y = C + I +
G + (X − M)
So when they say that "government was the largest detractor" to state GDP, it means those states cut their spending. State spending cutbacks have been the US's unseen austerity, compounded by huge numbers of layoffs (increases in UNEMPLOYMENT. State govt cutbacks have not been a good thing, they have made matters worse for the US economy.
I'll let that sink in and see where it goes.
wrong economic growth generates taxes you can't stifle and penalize growth like this government has done since 2008 and expect a full strong economy.obama has presided over one of worst economic recoveries ever and the only thing he can do is laugh that his so called shovel ready jobs weren't ready.solid GDP growth in a healthy economy is 3-5%. obama 1-2% if he was lucky. after recession GDP growth should be 7-10%. obama barely managed 3%.
continuing to not understand economics since they were invented.
Oh, I agree that govt has stifled growth, your problem is that you are looking at the wrong House, it is not the White House getting it wrong.
the lack of demand is mostly due to government more so obama and the so called liberal party looking out for the working guy.
I agree that the President wants to help working Americans, but we have a House bent on stopping any relief from getting through.
people have less money in their paychecks,
True for the lower quintiles, not true for the top quintiles.
prices on items have gone up due to regulations and other businesses expenses.
Um, actually, inflation has been very low....due to....lowered demand....and depressed wages.
money that would be normally spent on merchandise is going toward healthcare.
Actually, medical cost are rising at lower rates.
the so called recession has been over for 2+ years that is no longer an excuse to you so the only moronic commentary is yours.
the recovery we should have seen a huge increase in GDP growth on the order of 7-10%. that failed to materialize because the left wrong kept passing regulation after regulation after regulation.
I know, in your world there were no declines in household wealth and debt overhangs do not exist......while the massive job losses were due to "regulations" as states laid-off millions.
your beloved obamacare cost companies 31b dollars in 3 years for compliance.
Three Years of Obamacare: $31 Billion in Regulation Costs, 71.5 Million Hours in Compliance | National Review Online
that is 31b dollars that could have been spent on expansion or raises or jobs or other economic growth. instead it went to the government.
since obama has been president he has passed another 70b dollars in regulations costs.
you want to complain about wages etc there they are right there. your pay increase went to the government.
Not that I would ever question Buckley's NR (ha!), lets say it is correct......that would mean
jobs in regulator and compliance, after all......the money is spent on someone, somewhere.
