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This article makes interesting reading on the subject:
"While gross domestic product, the broadest measure of the economy, has recovered 84% of the output that was lost during the recession, but the labor market has recouped only 11% of the jobs that were lost"
"We're producing almost as much as we did before the recession, with 7.5 million less people," said Lakshman Achuthan, managing director of Economic Cycle Research Institute. "The difference is going into the productivity numbers and corporate profits."
I think that this supports my contention, earlier in this thread, that without new industries, most of the jobs lost will not be coming back.
Retail doesn't need to hire because they aren't getting the shoppers.
The SuperTarget by me has 25 checkouts but only EVER have 1 or 2 open and the lines are NOT long by any means.
If you don't buy inventory and don't have too many workers then these retailers can squeeze by.
Regarding office workers..I see no mention of offshoring.
My officemate got layed and his work got shipped off to India.
For almost 2 years now that work is still being done..just not in the US.
Is my company doing more with less ? Nope..they are doing the same with less US workers.
The Obummer admin just shrugs this off as "the new normal" Like everything is ok.
Are you liberals actually happy with this? Is this new normal okay with you? Why are such low standards alright with you?
Hell No we are not happy with this but, with unemployment this high & more to come, we are also not happy with cutting benefits off in times like these either. The jobs that some conservatives say are 'out there' are NOT.
Lets employ some of your typical logic shall we? Since the Republicans were voted into Congress, firms now have less faith in the economy and won't be hiring. Right? I mean, that's usually the gist of your arguments here on a daily basis.
Or has your economic point of view now changed that the Republicans were voted in as the majority?
Surely, as you've been claiming for the last couple of years, once the GOP takes control then the markets will rebound. Yet somehow the opposite is already happening based on the election results alone.
Now don't get all upset like you always do, I'm only using YOUR ARGUMENT here. It shall be fun to see you try and argue against it, and essentially yourself.
You haven't even used half the argument. They haven't taken over yet, the expiring tax cuts are still going to expire.
Why don't you wait a bit until the GOP has actually taken over from the worst congress in history?
So, I'd say you're a bit premature in your assessment of the mood of the electorate - we still have the dems in charge, trying to push nonsense down our throats.
In 2010, 51% of the US population is in the labor force. The population increases by 200,000 per month, which means the labor force needs to increase by 100,000 every month. Last month, jobs were created for less than half of them. In fact, our labor force increased by 60,000 idle and hungry workers for whom there is no job. In every month in which the number of jobs created is less than 6 figures, the situation becomes more dire.
Now, what is the answer to this question:
From 1950 to 1970, the labor force consisted of only 40% of the population. In 1980, it went to 45%, and since 1990, has been level at about 50%.
Why does it take 25% more workers now to produce all we need, compared to pre-1980? We have technology and digital speed to help our workers, and we import a great deal of what we consume, and and it still takes 25% more working bodies to produce what we demand, than was required 40 years ago.
Rhetorically, what happens at some future date when our labor force becomes 101% of our population, and still can't produce enough to satisfy our addiction to squandering money on toys and junk?
Retail doesn't need to hire because they aren't getting the shoppers.
The SuperTarget by me has 25 checkouts but only EVER have 1 or 2 open and the lines are NOT long by any means.
If you don't buy inventory and don't have too many workers then these retailers can squeeze by.
Regarding office workers..I see no mention of offshoring.
My officemate got layed and his work got shipped off to India.
For almost 2 years now that work is still being done..just not in the US.
Is my company doing more with less ? Nope..they are doing the same with less US workers.
Investing in an emerging market will get you the biggest long term return. It sucks to be on the short end of the stick. We need to do something about this tho.
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I repped ya ...
