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Old 08-11-2010, 08:11 AM
 
Location: Earth
24,639 posts, read 24,060,346 times
Reputation: 11268

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From The Wall Street Journal
http://finance.yahoo.com/career-work...h-unemployment

"This is as bad now as at the height of business back in the 1990s," says Dan Cunningham, chief executive of the Long-Stanton Manufacturing Co., a maker of stamped-metal parts in West Chester, Ohio, that has been struggling to hire a few toolmakers. "It's bizarre. We are just not getting applicants."
<snip>
The difficulty finding workers limits the economy's ability to grow. It is particularly troubling at a time when 4.3% of the labor force has been out of work for more than six months—a level much higher than after any other recession since 1948.
<snip>
If the job market were working normally—that is, if openings were getting filled as they usually do—the U.S. should have about five million more gainfully employed people than it does, estimates David Altig, research director at the Federal Reserve Bank of Atlanta. That would correspond to an unemployment rate of 6.8%, instead of 9.5%.


Interesting article.
Gee, I guess there are jobs out there.
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Old 08-11-2010, 08:57 AM
 
23,851 posts, read 19,146,946 times
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This seems to lend credence to the idea that people are not inclined to work as long as the government teat is alive and well.

I'm pretty sure us conservatives have been saying this since Lyndon B Johnson permanently corrupted the work ethic of this nation.
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Old 08-11-2010, 11:38 AM
 
Location: Home, Home on the Front Range
21,026 posts, read 15,233,614 times
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A good analysis of why some of these employers may be struggling:



Employers shouldn't be surprised that Americans won't take their crummy, low-wage jobs.* - By Daniel Gross - Slate Magazine
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Old 08-11-2010, 11:49 AM
 
Location: Raleigh, NC
20,006 posts, read 15,173,823 times
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It's not hard to get employed. You just need to get around that stupid minimum wage law and accept money under the table from friends or family.
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Old 08-11-2010, 11:55 AM
 
Location: Earth
24,639 posts, read 24,060,346 times
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Tiger - nice find. Two sides of the same coin, I believe.
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Old 08-11-2010, 12:23 PM
 
Location: San Diego, CA
4,883 posts, read 7,118,343 times
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I think the big problem is that most workers no longer have experience with heavy industry like metal stamping and don't consider it a reliable profession since heavy industry has been in such steep decline for so many decades. Thus it becomes hard to find people with the necessary skill set.
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Old 08-11-2010, 12:30 PM
 
2,088 posts, read 2,186,325 times
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Quote:
Originally Posted by Oerdin View Post
I think the big problem is that most workers no longer have experience with heavy industry like metal stamping and don't consider it a reliable profession since heavy industry has been in such steep decline for so many decades. Thus it becomes hard to find people with the necessary skill set.
The labor market has evolved and companies that don't adapt as well will struggle to fill positions. These companies need to realize that it is very hard nowadays to find people with skills that have become so specialized. They need to offer training programs for their employees.

Last edited by Bostonian123; 08-11-2010 at 12:39 PM..
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Old 08-11-2010, 12:35 PM
 
4,465 posts, read 6,827,613 times
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Quote:
Originally Posted by chielgirl View Post
From The Wall Street Journal
some-firms-struggle-to-hire-despite-high-unemployment: Personal Finance News from Yahoo! Finance

"This is as bad now as at the height of business back in the 1990s," says Dan Cunningham, chief executive of the Long-Stanton Manufacturing Co., a maker of stamped-metal parts in West Chester, Ohio, that has been struggling to hire a few toolmakers. "It's bizarre. We are just not getting applicants."
<snip>
The difficulty finding workers limits the economy's ability to grow. It is particularly troubling at a time when 4.3% of the labor force has been out of work for more than six months—a level much higher than after any other recession since 1948.
<snip>
If the job market were working normally—that is, if openings were getting filled as they usually do—the U.S. should have about five million more gainfully employed people than it does, estimates David Altig, research director at the Federal Reserve Bank of Atlanta. That would correspond to an unemployment rate of 6.8%, instead of 9.5%.

Interesting article.
Gee, I guess there are jobs out there.
It's the WSJ- Rupie's new propaganda outlet. Not a reliable source. (See the Akre case).

Anyway, why is there any doubt of how this Depression will play out?

Simply look back to the 30's one, or as it now seems, the Depressed 1890's.
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Old 08-11-2010, 12:38 PM
 
23,851 posts, read 19,146,946 times
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I still maintain that the government teat is largely responsible. It's easier to re-negotiate creditor terms when you have a check-stub from the unemployment office. It's easier to rationalize staying home to care for the kids then work and pay for a sitter. It's easier to hold out hope for a better opportunity while knowing that Democrats will continue to give you extended unemployment benefits.

In other words: There is no reason to settle for less. NONE. Decades of Democratic efforts to permanently demolish work ethic in this country are paying off.

This country is dying a slow, painful death. It's shameful.
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Old 08-11-2010, 12:39 PM
 
Location: Here
10,833 posts, read 11,566,701 times
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Quote:
Originally Posted by Geechie North View Post
It's the WSJ- Rupie's new propaganda outlet. Not a reliable source. (See the Akre case).

Anyway, why is there any doubt of how this Depression will play out?

Simply look back to the 30's one, or as it now seems, the Depressed 1890's.

Yes Sparky, it's all a big lie made up by a right wing news outlet. It simply cannot be true.
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