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Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To 6.1

Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Demand and it's senses are easily conflated, people demand what they need/want, but the word 'demand' suggests the nuance that is missing, demand is your ability to supply that which is desired giving you the equitable right to demand/command something of value in return.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Think I'll just put this here - from the most recent jobs report:

BwxkwKjIAAEt3m0.png:large


Almost 5% drop in labor force participation.

Indeed, a bleak future awaits our children.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Think I'll just put this here - from the most recent jobs report:

BwxkwKjIAAEt3m0.png:large


Almost 5% drop in labor force participation.

Looks to me that it is about the same level it was 9 months ago. Maybe about all the people who are going to drop out of our work force have already done so.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Indeed, a bleak future awaits our children.

They will either want a job, or not. If they want a job, others dropping out of the work force will only help them find a job. If they don't want a job, then they will have lot's of company. Either way, I don't see it as a bleak
future.

In the long run, due to improvements in technology, most all of us will be able to enjoy more leisure time and leisure years. We will either work fewer hours per week, or fewer years.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

The only reasons that businesses don't expand is because the market is already meeting 100% of demand. In other words, businesses are currently the correct size, and are producing about the right amount of goods and services.

If there became a void in our production system, let's say like Walmart couldn't keep enough beef jerky in stock, then companies would expand to start producing more beef jerky, or products which could be alternatives to beef jerky (chicken jerky?).


So there's more demand in States like Texas than in States like California ?

Because in Houston everywhere you turn there exist a Tower Crane.

Rising out of the beginnings of a New block of Town Homes, or a New Hospital, or a Corporations new Headquarters.

In nearly every strip mall new build outs are taking place so smaller bussinesses can open up new locations.

So unless the level of Demand is all the sudden dependant on geographic location your theory doesn't hold water.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Looks to me that it is about the same level it was 9 months ago. Maybe about all the people who are going to drop out of our work force have already done so.

Perhaps, but we know from the CBO report to expect Obamacare to 'cost' 800,000 jobs in the form, mostly, of reduced participation and, this is really nobody's fault, it's just basic demographics, the civilian no institutional population will include greater numbers of retirees.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

They will either want a job, or not. If they want a job, others dropping out of the work force will only help them find a job. If they don't want a job, then they will have lot's of company. Either way, I don't see it as a bleak
future.

In the long run, due to improvements in technology, most all of us will be able to enjoy more leisure time and leisure years. We will either work fewer hours per week, or fewer years.

Well, the back end of this is a demographic nightmare, the projection of which is that 1.9 workers will be contributing for 1 social security beneficiary which doesn't even count their kids and a public sector that never seems to shrink.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Looks to me that it is about the same level it was 9 months ago. Maybe about all the people who are going to drop out of our work force have already done so.

I hope so. However, the trend is not good. Notice that there was an even larger bump up in early 2010 than we had recently that eventually led to an even larger drop. It does look, short term, as though it is trying to at least plateau. Again, I hope so.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Think I'll just put this here - from the most recent jobs report:

BwxkwKjIAAEt3m0.png:large


Almost 5% drop in labor force participation.

It's worse than that, the lfpr started dropping around the year 2000.

The reason we have been seeing a steeper decline is because the baby boomers started retiring in mas around 2009 and are continuing to retire in larger percentages.

but also note that the sharp decline in the lfpr seems to have stopped around 9 months ago. Once we get down to below 5% unemployment, which is considered by most economist to be the full unemployment rate, employers will have to start competing harder for workers, and worker compensation should start to rise faster than the inflation rate, thus luring some of those younger workforce dropouts back into the labor force.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

So there's more demand in States like Texas than in States like California ?

Because in Houston everywhere you turn there exist a Tower Crane.

Rising out of the beginnings of a New block of Town Homes, or a New Hospital, or a Corporations new Headquarters.

In nearly every strip mall new build outs are taking place so smaller bussinesses can open up new locations.

So unless the level of Demand is all the sudden dependant on geographic location your theory doesn't hold water.

I am in north central Tx, and the building industry is booming once again. NOt at the pre-2008 levels, but at a consistent level. There are new business buildings going up pretty regularly.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

So there's more demand in States like Texas than in States like California ?

Because in Houston everywhere you turn there exist a Tower Crane.

Rising out of the beginnings of a New block of Town Homes, or a New Hospital, or a Corporations new Headquarters.

In nearly every strip mall new build outs are taking place so smaller bussinesses can open up new locations.

So unless the level of Demand is all the sudden dependant on geographic location your theory doesn't hold water.

As more people move into a particular geographic area, yes, demand in that area increases, particularly for construction. I don't think this is anything new or unexpected.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Well, the back end of this is a demographic nightmare, the projection of which is that 1.9 workers will be contributing for 1 social security beneficiary which doesn't even count their kids and a public sector that never seems to shrink.

This may be wishful thinking, but I suspect by the time we get to that point (when is it by the way), the per human work hour productivity rate will be so high due to improvements in our technology, that 1.9 workers will easily be able to supports dozens of non-workers.

Seriously, look at what happened in agriculture during the past 100 years. We went from spending something like 90% of human labor on growing, gathering and hunting food, to something around 2%. It used to take 10 farm workers to support 12 people, not it takes 1 farm worker to support 50 people.

Not only is the trend towards more per human work hour production increasing, it's increasing at a faster and faster rate.

Do you believe that Bill Gates is a moron, or has he been spot on in forsight of future technological trends? If you believe that he has a good understanding of technology and it's growth rate and the results of it, then you would probably agree with the prediction that he made a few months back. He predicted that in 20 years, there will be no more poverty on earth, with the exception of a few countries who's political/social system basically ensure poverty. Bill Gates Is Crazy Optimistic About Ending Poverty - Businessweek
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

It's worse than that, the lfpr started dropping around the year 2000.

The reason we have been seeing a steeper decline is because the baby boomers started retiring in mas around 2009 and are continuing to retire in larger percentages.

but also note that the sharp decline in the lfpr seems to have stopped around 9 months ago. Once we get down to below 5% unemployment, which is considered by most economist to be the full unemployment rate, employers will have to start competing harder for workers, and worker compensation should start to rise faster than the inflation rate, thus luring some of those younger workforce dropouts back into the labor force.


That's just the partisan protect Obama version of why the Labor participation rate is down.

The Janet Yellen false narrative that lets Obama off the hook.

Ask yourself what kind of Political ideology would condone the purposeful misinterpretation of economic data for the purposes of Political expedience ?

What type of ideology would seek to marginalize the Millions of Americans who are continuing to struggle under Obama's economic policies because they need to perpetuate a false narrative of recovery and economic success ?

Its a great example of just how dangerous ideologues can be. How you can a President and his administration address a economic crisis if he refuses to recognize its existence ?

Poverty rates for Black Americans are 27 percent. The highest in the Nation and other minorities aren't far behind.

For Americans in General , Poverty has risen to 16.5 percent under Obama and Millions of American Families are finding it harder to make ends meet as the American middle class continues to shrink.

Almost every economic indicator contradicts Yellens partisan motivated claim that the Labor participation rate is not indicative of anything but " structural " issues.

But what's most important for Democrats ? To do anything possible to alleviate this disaster of a economic recovery ?

No, its to make as many people believe that nothing else needs to be done because nothing is actually wrong.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

That's just the partisan protect Obama version of why the Labor participation rate is down.

The Janet Yellen false narrative that lets Obama off the hook.

Ask yourself what kind of Political ideology would condone the purposeful misinterpretation of economic data for the purposes of Political expedience ?

What type of ideology would seek to marginalize the Millions of Americans who are continuing to struggle under Obama's economic policies because they need to perpetuate a false narrative of recovery and economic success ?

Its a great example of just how dangerous ideologues can be. How you can a President and his administration address a economic crisis if he refuses to recognize its existence ?

Poverty rates for Black Americans are 27 percent. The highest in the Nation and other minorities aren't far behind.

For Americans in General , Poverty has risen to 16.5 percent under Obama and Millions of American Families are finding it harder to make ends meet as the American middle class continues to shrink.

Almost every economic indicator contradicts Yellens partisan motivated claim that the Labor participation rate is not indicative of anything but " structural " issues.

But what's most important for Democrats ? To do anything possible to alleviate this disaster of a economic recovery ?

No, its to make as many people believe that nothing else needs to be done because nothing is actually wrong.

I agree that we have some crazy policies. No argument here.

Income has continued to pool in the hands of the wealthy, while the general population gains nothing from the increases in per work hour productivity which technology continues to create. this has been happening since the mid 1970s, and Obama has failed to correct it.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

As more people move into a particular geographic area, yes, demand in that area increases, particularly for construction. I don't think this is anything new or unexpected.

You CAN'T be serious.

WHY are people moving here ? More importantly WHY are Corporations and small Businesses moving here ?

Whats INCENTIVIZING them to move here ? To expand ?

If demand was at a equilibrium what would motivate them to invest ?

To HIRE ?

And why would there be any distinction from what State to the next ?

Do you want me to tell you why ? Because my responses aren't limited to what benefits Obama and the Democrats.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

I agree that we have some crazy policies. No argument here.

Income has continued to pool in the hands of the wealthy, while the general population gains nothing from the increases in per work hour productivity which technology continues to create. this has been happening since the mid 1970s, and Obama has failed to correct it.


Historically speaking income has ALWAYS pooled in the hands of the wealthy.

Its never been a serious issue in this Country until modern day Democrats started exploiting the fact that Rich people are Rich.

They needed a huge distraction for the 2014 elections so they pushed this narrative based on division and envy.

Worse, they're promising people that they can fix the problem.

Clinton's tech bubbles produced allot of new Millionaires and he even lowered Capital Gains taxes too boot.

I dont remember this 1 percent narrative being bandied about back then.

The rich may be getting richer but who cares ? You can thank policies like perpetual QE ( put in place because Obama's " recovery " wasn't a real recovery ) and progressive tax policies that target and penalize wealth for the widening divide.

It wouldn't be noticed if the proverbial chair hadn't been pulled out from beneath the Middle-class by a President and Political party that seeks " social and economic justice " instead of creating a business friendly environment .

Its not the policies that make the ruch richer that are the issue, it's the policies that make the Middle-class disappear that are the problem.

Take Obama Care for example. It doesn't affect the rich who can afford their policies or the poor who qualify for medicare. It exclusively targets the Middle-classes discretionary income via rising premiums for overpriced policies.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Wait, I am very confused here.
Whenever I mention the ill-state of the US economy, I get angry replies telling me the economy under Obama is better than ever and, well, he's fixed all that and anyway we are saved through Obamacare.
I am not a whiz at economics, but it strikes me that in a consumer society you need consumers to keep the whole thing going. If people don't have jobs, how do they have money to consume those Chinese made products?
Can someone explain to me how Obama has single handedly overcome a fundamental economic rule?
This latest report IS disappointing, but looking at Single Month reports is Never a good idea.

The QEs have worked too. After the also-Necessary Financial Bailout preventing another 1929, the QEs prevented another 1930s.
The policies were Correct.
They have Worked.

The numbers are especially disappointing though, as everyone was hoping the economic growth would increase/catch hold without the Fed.
But if September's (and later) numbers come in similarly, they have Problem.
That problem is the stopping and even reversing, without having the economy having caught hold.
Not just the USA, the world as structural Growth problems which any given country cannot overcome alone.

BUT... the QEs didn't and can't solve the larger Structural Problems.
1. Globalization Devouring our Blue Collar Jobs and lowering wages of even those that stayed.
2. Our Horrible immigration policy/Free-for-all which has Caused even more erosion in wages/a Double Whammy to the Blue Collar/Middle Class.
3. The Demographic Structural problem of 10,000 Boomers retiring every day.
Collecting SS and slamming Medicare.
This promises to get WORSE/cumulative every year for at least the next 15, perhaps 20.
So You can pin a part of the ''participation rate'' on Obama, but probably not even Half.
Participation IS going to erode.

4. That's why, though I am for Balanced Budgets, it's Not crazy to Run a Deficit while the Demographic Pig works it way through the Python.
But No, that didn't mean from 2000-2015 except for the necessary post-Crash Bail-out.

5. Japan is Finished IMO.
It is a large Black Swan that could trigger another Huge sell-off in World markets.
It's much Worse than Greece was fiscally.

6. China has been desperately pumping up theei economy with about 3-4x the rate of our QEs. Of course, they're doing it with our money.
But their economy is a phantom and their numbers (ie, 7% growth) are complete BS

7. Europe/EU/Draghi is increasing it's QE because they are dead in the water.

8. Canada is in relatively great shape due to Fiscal responsibility and of course, it's a Resource/Oil/etc economy in a Resource hungry world.
Good luck with Natl Health care there without... Oil, Metals, Ag, Timber.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Historically speaking income has ALWAYS pooled in the hands of the wealthy.

Its never been a serious issue in this Country until modern day Democrats started exploiting the fact that Rich people are Rich.

They needed a huge distraction for the 2014 elections so they pushed this narrative based on division and envy.

Worse, they're promising people that they can fix the problem.

Clinton's tech bubbles produced allot of new Millionaires and he even lowered Capital Gains taxes too boot.

I dont remember this 1 percent narrative being bandied about back then.

The rich may be getting richer but who cares ? You can thank policies like perpetual QE ( put in place because Obama's " recovery " wasn't a real recovery ) and progressive tax policies that target and penalize wealth for the widening divide.

It wouldn't be noticed if the proverbial chair hadn't been pulled out from beneath the Middle-class by a President and Political party that seeks " social and economic justice " instead of creating a business friendly environment .

Its not the policies that make the ruch richer that are the issue, it's the policies that make the Middle-class disappear that are the problem.

Take Obama Care for example. It doesn't affect the rich who can afford their policies or the poor who qualify for medicare. It exclusively targets the Middle-classes discretionary income via rising premiums for overpriced policies.

Sure, income has always pooled, and that's one of the drawbacks to a free capitalistic economy.

I actually want the rich to become richer, and I want the non-rich to become richer also. But what happens under capitalism is that money tends to pool in the hands of the rich at a rate so fast that incomes for the masses never rise, even when our society becomes more productive. During the mid 20th century we successfully preventing this from happening by having a high amount of unionization and a very progressive tax rate. We now have much less unionization and a much less progressive tax rate, and nearly 40 years now, all of the economic fruits of our increases in productivity have gone to the rich. Those in the middle have only been able to keep their standard of living up by going far deeper into debt than our parents did, and from being able to enjoy some of the non-economic benefits of new technology (mostly convenience of things like cell phones and having lots more channels to watch on tv).

Seems to me that the best way to return to the scenario where our newly created economic wealth is shared by all is to return to the tax and wage policies that we had prior to the mid 1970's.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

lol my arguments are true because that is how businesses operate. yep they are cash rich. they are holding about 1.5 trillion dollars.
you missed the part where the ROR on expanding is not worth it. It isn't worth it because the government has made it to expensive to expand.
Bullchit, the reason for not expanding currently is due to LOWER THAN NORMAL DEMAND WHILE PROFITS REMAIN HIGH BECAUSE WAGES ARE STAGNATE.

some states are expanding at a rapid rate because they are giving the companies reasons to come into their states mostly through huge tax breaks.
why? because they realize the short term tax breaks = long term jobs which means more taxes.
Currently, the states that are "expanding" are primarily states that have large amounts of petroleum products, ie oil and gas.

economic situation isn't normal because the government has regulated it into that stituation.
Again, a complete denial of the economic "stituation" the US and the EU have been in since 2007.



Until you government people come to grips with the fact that it is the economy and businesses that generate taxes
Consumers are the primary revenue generators, it is DEMAND that drives an economy, without DEMAND you cannot sell anything your business produces.

and adopt pro-business regulations and pro-business and pro-success tax structures the economy will continue in this stagnant grip that it has been in since obama took office.
Continuing misunderstanding of the macroeconomic conditions since 2007

he has maintained an weak 2% GDP since he took office. sorry but government doesn't create jobs like obama thinks. it is people, businesses and investment that drives jobs.
something that obama stands against.
Ignorant moronic commentary, EVERY legitimate economist has recognized the lowered levels of demand during the the 2008 Great Recession (the worst since 1929) has continued through the recovery and is due to debt overhang, real lowered wages and household wealth declines. The ONLY way you can make-up for the lack of consumer spending is by having govt spending increase. You want a poor recovery, then cut govt spending during a time of lowered consumer spending.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Historically speaking income has ALWAYS pooled in the hands of the wealthy.

Yup. that's what happens under capitalism.

Its never been a serious issue in this Country until modern day Democrats started exploiting the fact that Rich people are Rich.

It's always been a serious issue in this country, regardless of if anyone was making a political issue of it.

But during the middle of the 20th century, when our economic growth was best, all income classes grew in income at about the same rate. So during those years, the issue was resolved. Our pie was growing and everyone was benefiting from it. Around the middle of the 1970s, for whatever reason, virtually all of the fruits of our increasing productivity started going to the rich, and while our pie was still growing, the only slice that increased in size was the slice that the rich enjoyed.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

... the reason for not expanding currently is due to LOWER THAN NORMAL DEMAND WHILE PROFITS REMAIN HIGH BECAUSE WAGES ARE STAGNATE...

And it's a self perpetuating cycle. As long as wages are stagnate, demand will remain low, and as demand is low, we will have a high unemployment rate which only adds to our lack of demand.

It's a cycle that can only be broken by government action (even if that action is repealing laws or reducing government or or lowering middle class taxation).
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Bullchit, the reason for not expanding currently is due to LOWER THAN NORMAL DEMAND WHILE PROFITS REMAIN HIGH BECAUSE WAGES ARE STAGNATE.

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. if you notice pre-recession wages were through the roof due to worker demand from companies.

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.

Currently, the states that are "expanding" are primarily states that have large amounts of petroleum products, ie oil and gas.

Again, a complete denial of the economic "stituation" the US and the EU have been in since 2007.

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.

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.


Consumers are the primary revenue generators, it is DEMAND that drives an economy, without DEMAND you cannot sell anything your business produces.

Continuing misunderstanding of the macroeconomic conditions since 2007

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.

the lack of demand is mostly due to government more so obama and the so called liberal party looking out for the working guy.

people have less money in their paychecks, prices on items have gone up due to regulations and other businesses expenses.
money that would be normally spent on merchandise is going toward healthcare.

Ignorant moronic commentary, EVERY legitimate economist has recognized the lowered levels of demand during the the 2008 Great Recession (the worst since 1929) has continued through the recovery and is due to debt overhang, real lowered wages and household wealth declines. The ONLY way you can make-up for the lack of consumer spending is by having govt spending increase. You want a poor recovery, then cut govt spending during a time of lowered consumer spending.

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.

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.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Yup. that's what happens under capitalism.
That is what happens under any system you think it is bad in capitalism try a communist or socialist system. there is the true have's and have not's.


It's always been a serious issue in this country, regardless of if anyone was making a political issue of it.

But during the middle of the 20th century, when our economic growth was best, all income classes grew in income at about the same rate. So during those years, the issue was resolved. Our pie was growing and everyone was benefiting from it. Around the middle of the 1970s, for whatever reason, virtually all of the fruits of our increasing productivity started going to the rich, and while our pie was still growing, the only slice that increased in size was the slice that the rich enjoyed.

it is called a global economy. the US could no longer compete by paying a guy 30 dollars an hour to put a bolt in while someone else was paying him 5 dollars to do the same job.
the 70's and the 80's saw the explosion of the overseas markets.

lack of fair trade policies and huge trade deficits to other countries lead to an even larger pool being thrown out the window. it also didn't help that the Dollar was the number 1 ranking currency at the time and never allowed to adjust it's status.

which meant it cost more for people to buy our goods compared to someone else.

with the drop in the dollar it has made US goods cheaper to buy therefore opened up markets where their isn't any.

again you want a stronger faster growing economy? then tell obama to stop going after and threating companies with more taxes and fines.
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

Sure, income has always pooled, and that's one of the drawbacks to a free capitalistic economy.

I actually want the rich to become richer, and I want the non-rich to become richer also. But what happens under capitalism is that money tends to pool in the hands of the rich at a rate so fast that incomes for the masses never rise, even when our society becomes more productive. During the mid 20th century we successfully preventing this from happening by having a high amount of unionization and a very progressive tax rate. We now have much less unionization and a much less progressive tax rate, and nearly 40 years now, all of the economic fruits of our increases in productivity have gone to the rich. Those in the middle have only been able to keep their standard of living up by going far deeper into debt than our parents did, and from being able to enjoy some of the non-economic benefits of new technology (mostly convenience of things like cell phones and having lots more channels to watch on tv).

Seems to me that the best way to return to the scenario where our newly created economic wealth is shared by all is to return to the tax and wage policies that we had prior to the mid 1970's.


One , Unions became greedy, corrupt and could no longer compete in a Global economy.

They're more concerned with justifying their existence and maintaining their power than they are about helping the American worker stay employed.

Case in point was their reaction to Michigan turning into a right to work State.

They expressed themselves as common thugs for everyone to see.

Capitalism and the free market are responsible for pulling more people out of poverty than Socialism and Communism combined.

You lay the blame of the shrinking middle class at the feet of Capitalism ?

I blame the absolute corruption of the free markets by Political and ideological forces that oppose it on principle for the shrinking Middle class and the widening gap between rich and poor.

" Capitalism " has never been defined as Government intervention into a free market for the purpose of economic and social justice.

Or Government intervention into the free markets for the purpose of Political expedience.

Raising taxes on the Rich in a Global Economy with Global markets and with our current technology is just a lose lose situation.

I wish the left would get that through their thick skulls.

The " rich " and the " Corporations " no matter how hard you try to control them, tax them, punish them or regulate them always have options.

Like mobility for one. Or pushing their investments off shore and out if America and out if your town.

And the sad thing is they're waiting for opportunities to invest their stagnant piles of wealth here. In America.

Proof is States like Texas and Cities like Houston, Plano, Austin, Dallas where every where you turn your head a new tower crane is rising out if the earth
 
Re: Jobs Report: U.S. Economy Added Just 142,000 Jobs In August, Unemployment Down To

... And the sad thing is they're waiting for opportunities to invest their stagnant piles of wealth here. In America.

Proof is States like Texas and Cities like Houston, Plano, Austin, Dallas where every where you turn your head a new tower crane is rising out if the earth

So are you suggesting that is is more an issue with state and local regulations and taxes than federal regulations and taxes that are preventing companies from expanding?
 
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