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Not to burden this thread with perspective rather than vitriol, but there are several million people a year leaving the workforce due to the massive demographic bubble of retiring boomers and the lack of 21at century skills demanded in todays workplace.The labor market has not adjusted to the new demographics, and many of the people who lost their jobs will never get them back due to the mismatch of skills and jobs. there are millions of unfilled jobs in the US..just not the right people to fill them. It's a real problem. But again, the unemployment rate for those over 25 with a college degree is under 5 percent.
Not to burden this thread with perspective rather than vitriol, but there are several million people a year leaving the workforce due to the massive demographic bubble of retiring boomers and the lack of 21at century skills demanded in todays workplace.The labor market has not adjusted to the new demographics, and many of the people who lost their jobs will never get them back due to the mismatch of skills and jobs. there are millions of unfilled jobs in the US..just not the right people to fill them. It's a real problem. But again, the unemployment rate for those over 25 with a college degree is under 5 percent.
Again, this is what fueled the "recovery". The economic recovery illusion is bad news for us all; you, me, and everyone else.
That narrative makes no sense. The Fed doesn't buy stocks and the banks that receive liquidity aren't allowed to buy stocks. So, how does the Fed increasing the monetary base put money in the stock market?
What actual occurred is that corporate profits are generally good and the economic outlook is encouraging.
That narrative makes no sense. The Fed doesn't buy stocks and the banks that receive liquidity aren't allowed to buy stocks. So, how does the Fed increasing the monetary base put money in the stock market?
What actual occurred is that corporate profits are generally good and the economic outlook is encouraging.
Much of the sudden increase in the monetary base, via stimulus and bailouts, went into the private sector. Now add in annual subsidies for unprofitable US industry (more federal spending into private sector), then realize that we have a consumer based economy perpetuated by a revolving and accruing cycle of debt.
To say they are unrelated is to not understand the economy whatsoever.
Not to burden this thread with perspective rather than vitriol, but there are several million people a year leaving the workforce due to the massive demographic bubble of retiring boomers and the lack of 21at century skills demanded in todays workplace.The labor market has not adjusted to the new demographics, and many of the people who lost their jobs will never get them back due to the mismatch of skills and jobs. there are millions of unfilled jobs in the US..just not the right people to fill them. It's a real problem. But again, the unemployment rate for those over 25 with a college degree is under 5 percent.
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From Paul krugman:
"A few days ago, I read an authoritative-sounding paper in The American Economic Review, one of the leading journals in the field, arguing at length that the nation’s high unemployment rate had deep structural roots and wasn’t amenable to any quick solution. The author’s diagnosis was that the U.S. economy just wasn’t flexible enough to cope with rapid technological change. The paper was especially critical of programs like unemployment insurance, which it argued actually hurt workers because they reduced the incentive to adjust.
O.K., there’s something I didn’t tell you: The paper in question was published in June 1939. Just a few months later, World War II broke out, and the United States — though not yet at war itself — began a large military buildup, finally providing fiscal stimulus on a scale commensurate with the depth of the slump. And, in the two years after that article about the impossibility of rapid job creation was published, U.S. nonfarm employment rose 20 percent — the equivalent of creating 26 million jobs today."
O.K., there’s something I didn’t tell you: The paper in question was published in June 1939. Just a few months later, World War II broke out, and the United States — though not yet at war itself — began a large military buildup, finally providing fiscal stimulus on a scale commensurate with the depth of the slump. And, in the two years after that article about the impossibility of rapid job creation was published, U.S. nonfarm employment rose 20 percent — the equivalent of creating 26 million jobs today."
I'll see your prehistoric example and raise you something a bit more modern:
Quote:
As Figure 13 shows, from approximately 1950 to 2010, increases in federal spending were associated with decreases in per-capita GDP growth.
Deliberate efforts to stimulate the US economy through government fiscal policy have been a formal part of the political economy for more than eighty years. The analysis uncovers a rich but at times confused history of efforts to spend our way out of recessions on the one hand but then deal later with an inflationary economy by way of monetary policy. While there can be appearances of strong favorable responses to fiscal medicine, the more rigorous statistical analysis of relationships between stimulus spending and GDP growth presented a mixed bag of evidence.
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