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Why can't a portion of the treasury money being sent overseas be used to create jobs here in the States ? The borders are not secure due to a lack of resources and personnel. Social program fraud is rampant and there are not enough case inspectors to find most of it. Prisons are overcrowded ... why not take some of those foreign expenditures, build new prisons, and hire new workers ? The infrastructure of some cities needs a major overhaul, but politicians claim there is no money and as a result, no jobs. I could go on and on ...
Because Republicans blocked it. They blocked the jobs bill and infrastructure funding. To hell with America.
Jobs are going to become increasingly scarce due to computerization and robotics. In 20 years, most jobs will be able to be done quicker and cheaper with a computer program and/or a robot. At that point, the only way unskilled workers could stay employed is if they worked for far less than minimum wage. The job situation now isn't great, and it's only going to get much much worse.
Not really concerned with a world job crisis, just how the job shortage affects Americans. It is not and never been our responsibility to feed and clothe the world. In order to bring the U.S. to full employment, corporate greed must cease and profits become realistic. And that would involve cutting off the head of the snake and not buying goods and services or levying huge import fees on foreign-produced products so they become unaffordable. Slavery was abolished here in 1865, yet we allow corporations to use foreign workers at slave labor prices. Stop overseas production and the cost benefit and just maybe jobs will return to the States.
Why can't a portion of the treasury money being sent overseas be used to create jobs here in the States ? The borders are not secure due to a lack of resources and personnel. Social program fraud is rampant and there are not enough case inspectors to find most of it. Prisons are overcrowded ... why not take some of those foreign expenditures, build new prisons, and hire new workers ? The infrastructure of some cities needs a major overhaul, but politicians claim there is no money and as a result, no jobs. I could go on and on ...
We have unemployed people and idle factories, why would we need to give up something building/making else in order to build infrastructure? We can just use our excess capacity.
We have unemployed people and idle factories, why would we need to give up something building/making else in order to build infrastructure? We can just use our excess capacity.
Huh ? Excess capacity for what ? I'm talking about bridges, roads, communication systems, electrical, public transportation, schools, etc. Costs money to make repairs and we're too busy sending money overseas to support our political ambitions.
If this is true, expect government around the world to take steps to keep jobs in their countries, and to preserve existing jobs. Except in the US, where politicians encourage the exporting of jobs. Will nations grateful for sending our jobs to them help bail us out? Not likely.
This represents a fundamental misunderstanding of economics. You talk about nations being "grateful for sending our jobs to them" like it's some sort of twisted anti-american charity act on China. What it really is, however, is the division of labor playing out on the international scale. If goods are cheaper to make in, say, Bangladesh, then it would make no sense to employ someone in the U.S. for, say, 20 times more, to do the same job. If that was the case, the price of your shirts, underwear, socks, etc., would be exponentially higher, and you as an individual would be far less capable of affording more of the things that make your life comfortable. The exportation of labor is simply a function of the high standard of living this culture has attained. Arguin that jobs shouldn't be sent over there is equivalent to wishing everything you own now would cost more.
If the Fed would go away, and the governments of the world would allow people to engage in REAL free trade, then jobs would come back, plain and simple.
Not really concerned with a world job crisis, just how the job shortage affects Americans. It is not and never been our responsibility to feed and clothe the world. In order to bring the U.S. to full employment, corporate greed must cease and profits become realistic. And that would involve cutting off the head of the snake and not buying goods and services or levying huge import fees on foreign-produced products so they become unaffordable. Slavery was abolished here in 1865, yet we allow corporations to use foreign workers at slave labor prices. Stop overseas production and the cost benefit and just maybe jobs will return to the States.
Why can't a portion of the treasury money being sent overseas be used to create jobs here in the States ? The borders are not secure due to a lack of resources and personnel. Social program fraud is rampant and there are not enough case inspectors to find most of it. Prisons are overcrowded ... why not take some of those foreign expenditures, build new prisons, and hire new workers ? The infrastructure of some cities needs a major overhaul, but politicians claim there is no money and as a result, no jobs. I could go on and on ...
Um....
We do create jobs in the states there are plenty of government jobs around but the vast majority of people on this board tend not to look at government (unless it is the feds). Retirements are happening and it is trickling down. Since they cut so much post 2008 they forget that people eventually do retire.
Slavery was not really abolished in 1865. The 13th amendment states "...unless duly convicted of a crime" criminals have been used in chain gangs for quite some time. Prison labor is a large business and is often lower then minimum wage. The government nationalized slave labor is not a private function.
Foreign workers at slave labor prices? The median wage of a factory worker in China in 2000 was 50 cents an hour. Now it's nearly $4.50. Keep in mind that it is OUR prices that went up because we artificially inflated our wages and created inflation as a means of government spending (keynesian which does not work). It is hard to say that our prices are right when we export inflation on the planet.
Oil is priced in dollars so if a currency goes down against the dollar it means their oil price goes UP (assuming Nymex). Sure you can claim it is not the US responsibility to clothe or feed the world but the actions can contribute to starvation and riots.
When ethanol replaced MTBE it meant in being corn based that grain prices went up. this led to food riots in Haiti and Latin America. Trust me you have no real feeling as to the power the country has until you leave it for a bit.
Hugh import fees would not help as frankly we tried that before and caused ww 2. Countries wanted to protect and they created more tariffs which led to a breakdown in trade, lack of communication and ultimately alienation. We need to face the facts that everything is made cheaper, smaller and faster. Slapping taxes on anything is not going to change that.
It's hardly setting the place back by using an ATM...
If the Fed would go away, and the governments of the world would allow people to engage in REAL free trade, then jobs would come back, plain and simple.
No. The Fed has nothing to do with the price of your shirt.
The rich and powerful don't really care about this sort of thing. They will form their own enclaves and the rest of the world will just starve and live in third world poverty. Perhaps the population will naturally decrease to a more manageable level. Basically other than the rich, most people will return to a dark age style feudal system. A basic income and welfare system just isn't natural for humanity. These systems are always enforced by government's and their laws. If there was no enforcement the rich would never pay into a tax or wealth redistribution system at all.
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