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Why would businesses hire new employes or expand their business, 0bama signed thousands of pages of over complicated legislation and regulations, that contain hundreds of fill-in-the-blank regulations from his administration's bureaucrats, and he keeps calling for increasing taxes and wants the EPA to regulate CO2 and tax businesses on their carbon footprints. not to mention all the businesses who have not "paid to play" to get an 0bamaCare waiver.
Then add the fact that he has stated he wants electricity costs to skyrocket, and his energy Sec. wants to find a way to drive the cost of gasoline to match the gas prices in Europe.
Is it any wonder businesses all over America are trying to get small, and ride out the 0bama storm?
You know what never liked you as much as i do now, i did but after reading this even more. Thank you for hitting the nail on the head, best post here right now.
Everything you stated is spot on, and the reason why some businesses have folded. Businesses are laying off and getting smaller, any wonder with what is laid upon them from this administration. Thank you for seeing and understanding what i have for some time now. Don't get me started on regulations. I know small businesses in the E.C. that could not stay afloat under Obama. Obama i have been told by many a businessmen, is bad for business, infact they say he has no business sense what so ever.
If its alright to blame automation and ATMs for the destruction of teller jobs, then Obama should admit that his very own Obamacare will also be a job killer as it requires electronic submission of claims, instead of paper claims. How many claims people (both submitting and receiving) will be unemployed due to Obamacare?
President Obama explained to NBC News that the reason companies aren't hiring is not because of his policies, it's because the economy is so automated. ... "There are some structural issues with our economy where a lot of businesses have learned to become much more efficient with a lot fewer workers. You see it when you go to a bank and you use an ATM, you don't go to a bank teller, or you go to the airport and you're using a kiosk instead of checking in at the gate."
Add this to the list...
It's true.
What else do you think the side effects of automation do?
We've literally automated our entire economy. That's why when you see what our job base looks like it's littered with service jobs. Kinda hard to automate those, yet.
And you folks were blaming Congress, especially the Repubs that got elected less than 6 months ago.
See..it's the ATMs, not Congress that are preventing job creation.
What else do you think the side effects of automation do?
We've literally automated our entire economy. That's why when you see what our job base looks like it's littered with service jobs. Kinda hard to automate those, yet.
Automation didn't explode a mere 2-3 years ago. Where have you been ?
Did you not use an ATM before 2008 ?
It's a lame excuse at best. The jobs are gone NOT because of automation but because of closing up, downsizing, offshoring. And that is because consumers are maxed out on credit and low on cash.
We've got a debt bubble that is growing and growing with less and less able to borrow to spend.
People and states and businesses (small ones) are tapped out.
But what happens when they can build a house fully automated?
Less home builders and repairmen will be needed.
Sooner or later, its likely to catch up to more people than you think. You would already be paid more for the jobs you do, because you would do them slower, it would take you longer to do them.
I wonder if people know the "Great" Depression occurred because of over production.
What happens when your farmers produce more and more to make up for the ever dropping prices of too much supply?
Now remove the demand of the nearly 65 million that died or were wounded during WWI.
Automation didn't explode a mere 2-3 years ago. Where have you been ?
Did you not use an ATM before 2008 ?
It's a lame excuse at best. The jobs are gone NOT because of automation but because of closing up, downsizing, offshoring. And that is because consumers are maxed out on credit and low on cash.
We've got a debt bubble that is growing and growing with less and less able to borrow to spend.
People and states and businesses (small ones) are tapped out.
Productivity is increasing faster than population growth.
Even worse, is that other countries can still do it cheaper than the US.
So what has happened is rich companies have spent the money to increase productivity in rich countries and then ship those machines overseas where the labor is cheaper.
People dismiss these laws but human beings are potential and kinetic energy beings.
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