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"Don't believe those phony numbers when you hear 4.9 and 5% unemployment. The number's probably 28%, 29%, as high as 35%, in fact, I even heard recently 42%,"
He's going to be the greatest jobs president god ever created
Go Donald!!!
As much as I admire Trump for standing up to the elitist "progressive" liberals, he's going to fall flat on his face if he continues to make claims and promises like this one. Here's why:
The unparalleled prosperity of the Fifties and early Sixties was a one-time event; made possible only by the fact that North American heavy industry faced no serious competition anywhere on the globe. Our mills and factories produced high quality goods, particularly the capital goods needed to rebuild Europe and Japan, but since we had no competition, the full cost, (including the cost of a well-equipped, and sometimes over-staffed plant) could be passed on to the customer. The Soviet Bloc could offer no challenge for reasons that should be obvious.
But eventually, the rebuild was completed, and our now-rebuilt allies could not only meet their own needs --they could challenge us for markets in which we were formerly dominant. Not too much of a problem in structured, socialist Europe, but the Japanese, with a less-confrontational labor structure, were soon running circles around us in the rest of Asia and the developing world. And as the overall quality of their products improved, they began to penetrate North American and European markets for automobiles and other big-ticket items.
The positive side of this is that many American firms have responded with improvements in quality, and that a number of Asian auto manufacturers have located plants in North America -- almost all of them in rural or "Sun Belt" areas where the influence of unions is not so strong. The only factor that "saved" the UAW in the remaining Northern industrial cities where it continues to operate was the influence of the Obama White House, and that influence is going to continue to dimiminish as both labor and capital relocate in response to the natural forces of the markets.
If there's a positive to all this, it's that our Japanese competition has already been facing similar pressure for a number of years, as Korea, Taiwan, and especially China found their way to the table. And as the saying goes: "A rising tide lifts all boats." The only trouble is that the rise isn't anywhere nearly as impressive when you're already near the top.
So the next time the scare-mongers rant about immigrants "stealing American jobs'', you need to recognize that the jobs can still be there, but they can't support the wage levels that Trump (or anyone else) is leading his groupies to expect. A post-industrial economy needs burger-flippers and hotel housekeepers far more than it needs to fill a limited number of spaces in heavy industry and infrastructure. And we have a supply of teenagers, older displaced workers (of which I'm one, BTW) and people of moderate skills to fill them -- and with opportunities to move up, IF you stop fooling yourselves with the empty promises of union cards and easy credit.
Just the way it works; don't blame the messenger for the message.
Last edited by 2nd trick op; 02-10-2016 at 04:58 PM..
We have covered this a hundred times. The workforce particiapation rate is the worst it has been in almost 40 years. Nor is that due to baby boomers retiring, as the *******s want you to believe. A lot of it is rooted firmly in the millenial demographic. The "unemployment" rate is low because of working age people being so chronically unemployed that they are no longer counted.
The world never really recovered from 2007, because the wrong policies were ennacted. China collapsed along with everyone else, and covered it up. America used its own ginned numbers and zero interest rates/bond buying to keep things just afloat. Now that China has to admit its problems, and the interest rates were raised a whopping quarter point, we are seeing the re-collpase.
Thank you to all the useful idiots out there who put a completely unqualifed socialist child in the white house.
The labor participation rate was lower for the period of 1943- mid 70's. It began to increase along with the baby boom entering the workforce. It peaked in 1999 and has been declining ever since. Beginning in the early 2000's the non- partisan CBO attributed the decline to:
Aging out of the work force
More young people attending college
Fewer women in the workforce
The non-partisan CBO projected this trend would persist for decades.
There ain't a dang thing the next President can do about it.
BTW, Walmart became the largest US employer in the 80's, followed by Mc Donalds.
Technology substitution has and will continue to take a huge toll and it's certainly not unique to the US.
We have covered this a hundred times. The workforce particiapation rate is the worst it has been in almost 40 years. Nor is that due to baby boomers retiring, as the *******s want you to believe. A lot of it is rooted firmly in the millenial demographic. The "unemployment" rate is low because of working age people being so chronically unemployed that they are no longer counted.
The world never really recovered from 2007, because the wrong policies were ennacted. China collapsed along with everyone else, and covered it up. America used its own ginned numbers and zero interest rates/bond buying to keep things just afloat. Now that China has to admit its problems, and the interest rates were raised a whopping quarter point, we are seeing the re-collpase.
Thank you to all the useful idiots out there who put a completely unqualifed socialist child in the white house.
Yawn.....I saw this movie already and it stunk the first time.
The labor participation rate was lower for the period of 1943- mid 70's. It began to increase along with the baby boom entering the workforce. It peaked in 1999 and has been declining ever since. Beginning in the early 2000's the non- partisan CBO attributed the decline to:
Aging out of the work force
More young people attending college
Fewer women in the workforce
The non-partisan CBO projected this trend would persist for decades.
There ain't a dang thing the next President can do about it.
BTW, Walmart became the largest US employer in the 80's, followed by Mc Donalds.
Technology substitution has and will continue to take a huge toll and it's certainly not unique to the US.
Indeed, I really hope the automation trends/predictions don't come to pass. Because if they do, watch out...
So why are his businesses continuing to import workers?
If he really cared about American workers having jobs, he'd hire them.
He's had decades to walk that walk.
Why hasn't he?
where do you get your information about who Trump hires and for what kind of work?
Would the total hired be a combination of domestic and ex US?
College is big business, make no mistake. they are often overlooked when railing about 'big business'. Colleges generate unemployable degrees. they essentially misdirect students to useless degrees. otherwise the students would have pursued the trades and other jobs that would make them immediately useful to society. Like European countries free edu with no jobs. the unions get involved and demand layers of complex and meaningless jobs to 'make work' and create inefficiencies. They use a euro style PhD to do the work of a BS or BSN or even a 2 year technical degree and pay their PhDs a lower wage.
Colleges need to be lined up against the wall just like wall st and bankers...but then the Dems would be upset that their financial wellspring would be eliminated.
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