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

Bob N said:
Didn't read the Forbes article, did you.
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Didn't answer the question, why are McDonald's paying workers $16 per hour and it has nothing to do with the cost of living in N. Dakota
 
Conservative said:
Didn't answer the question, why are McDonald's paying workers $16 per hour and it has nothing to do with the cost of living in N. Dakota
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Well most chances are is probably because if I do I still will not read a logical rebuttal from you on the two points I have already substantially made complete with links proving you're wrong.

But yeah. Go ahead and tell me about the McDonalds thing; I'm ready.
 
Helix said:
monthly jobs report. rage or rejoice.
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I wish the government would report the unemployment report honestly. They should report everyone who is capable of working but not working. This would include discouraged workers who want a job but just quit looking but are not reported in the unemployment numbers.
 
Bob N said:
Well most chances are is probably because if I do I still will not read a logical rebuttal from you on the two points I have already substantially made complete with links proving you're wrong.

But yeah. Go ahead and tell me about the McDonalds thing; I'm ready.
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The links prove absolutely nothing of the sort, ACA is a job killer and always will be and the current economic results prove that plus the fact that Democrats are running away from ACA. I ran a business, did you? You don't seem to understand our economy at all nor the operating expenses of any business nor do you understand supply and demand.
 
danielpalos said:
I believe we should merely Use socialism to bailout capitalism, like usual; with existing legal and physical infrastructure in our republic.
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That's like saying here use this drill to plug the holes in the boat.
 
danielpalos said:
I am willing to vote along party lines, for the party that is willing to end our wars on abstractions, and get us into fusion in eight years or less.
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The only way you will see fusion in eight years, or probable 80 years is to book the next flight to the sun.
 
danielpalos said:
No, it is like saying we have a printing press at an official Mint, so we can buy enough bondo to cover it.
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That sounds about like you and your solutions. How fitting that you used the words bondo and cover it. This is just what this idiot in the White is doing any you seem to approve of it.

The real issue is that people like you are a threat to freedom in this country. It's one thing to be fooled and vote for Obama. It's another thing to see the direction he is taking us and approve of it. The former is being naïve, the latter is being a danger to our freedoms!
 
Conservative said:
The links prove absolutely nothing of the sort, ACA is a job killer and always will be and the current economic results prove that plus the fact that Democrats are running away from ACA.
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I disagree with you. The links I showed you provided substantial proof.
I ran a business, did you?
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No. Yet your opinion would still be your own and your own only.
You don't seem to understand our economy at all nor the operating expenses of any business nor do you understand supply and demand.
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Yet here we go on another egress to keep from discussing the points you do not wish to prove. Still awaiting your details on the McDonalds point; I can't wait to tear that apart too. :thumbs:
 
OhIsee.Then said:
Given that there are very few examples of pure Socialism or Capitalism, so
dropping those out, how about now? Data suggests that it is working. (btw, pure anything is a invitation to trouble. Just an engineer's pov.)
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WHAT is working ?

Socialistic policies ? Massive stimulus in a vacuum to increase "aggregate demand " ?

If you want a good example of how destructive these Keynesian solutions are all you have to do is look at Japan.

There's no objective data showing that Socialistic like policies are working at all.
 
I will be the first to say that, all things considered, the economy is doing just fine.

It wasn't free, however. It was extremely costly to get the economy back to "just fine" after the last couple major financial corrections. Our total debt to annual revenue ratio is worse than it has ever been, keeping interest rates stuck at zero permanently (because changes in rates create net interest expense crises immediately). There's no way to correct this situation without drastically increasing revenue through tax hikes or cutting government services (both examples of austerity), basically in ways that are considered not possible.
 
Bob N said:
I disagree with you. The links I showed you provided substantial proof. No. Yet your opinion would still be your own and your own only. Yet here we go on another egress to keep from discussing the points you do not wish to prove. Still awaiting your details on the McDonalds point; I can't wait to tear that apart too. :thumbs:
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Your opinion noted but since you have never run a business that means you don't have a lot of credibility on the issue nor do you even understand the article Forbes posted. Businesses do not print cash like the govt. and anything that drives up costs hurts small businesses more than the large ones. There is a reason that Democrats running for office are running from ACA but you cannot seem to figure it out nor can you figure out why the McDonald's in North Dakota had to pay their workers $16 an hour. That is what is wrong with this country today, too many ideologues who have no understand of basic economics.
 
Conservative said:
Your opinion noted but since you have never run a business that means you don't have a lot of credibility on the issue nor do you even understand the article Forbes posted. Businesses do not print cash like the govt. and anything that drives up costs hurts small businesses more than the large ones. There is a reason that Democrats running for office are running from ACA but you cannot seem to figure it out nor can you figure out why the McDonald's in North Dakota had to pay their workers $16 an hour. That is what is wrong with this country today, too many ideologues who have no understand of basic economics.
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Sorry you do not understand what I'm telling you. Still waiting for your discourse on that McDonalds subject. :thumbs:
 
Bob N said:
Sorry you do not understand what I'm telling you. Still waiting for your discourse on that McDonalds subject. :thumbs:
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It is called basic supply and demand along with market conditions. Not enough people to meet the demand for jobs in a state with a booming economy due to expansion of the energy industry.
 
Conservative said:
It is called basic supply and demand along with market conditions. Not enough people to meet the demand for jobs in a state with a booming economy due to expansion of the energy industry.
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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?
 
Bob N said:
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?
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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.
 
Conservative said:
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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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.
 
Conservative said:
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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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.

:yawn: 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 Dakota’s 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 nation’s lowest unemployment rate also has a dark side. It’s pushing rural North Dakota’s 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 state’s 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...
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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. :roll:
 
Helix said:
monthly jobs report. rage or rejoice.
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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.
 
OhIsee.Then said:
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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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
 
Bob N said:
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.

:yawn: 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. :roll:
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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
 
Conservative said:
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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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?
 
OhIsee.Then said:
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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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.
 
Conservative said:
Oh, my, you believe it is expensive to live in N. Dakota?
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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
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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.
 
Bob N said:
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.
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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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