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Technology is simply making a huge number of jobs redundant, as well as people. Sure people can transition to other fields, but the fields being created today only need a very limited amount of high-tier workers.
Eventually there will not be enough jobs for the amount of people we have. What do you think happens then? Do you believe that people will just roll over and starve to death or knock on your door first? Talk about being short-sighted.
The truth is that without middle class jobs, it is impossible to have a middle class.
Unfortunately, more middle class jobs are being offshored, are being replaced by technology, or are being lost to a slowing economy every single day. The competition for the jobs that remain is incredibly intense. Just consider the following example…
In 2012, Eric Auld, an unemployed 26-year-old with a master’s degree in English, decided to find out what was on the other side of the black hole. He created a fake job ad as an experiment:
Administrative Assistant needed for busy Midtown office. Hours are Monday through Friday, nine to five. Job duties include: filing, copying, answering phones, sending e-mails, greeting clients, scheduling appointments. Previous experience in an office setting preferred, but will train the right candidate. This is a full-time position with health benefits. Please e-mail résumé if interested. Compensation: $12-$13 per hour.
If you have ever applied for a job like that, I offer my condolences. You have better odds at the casino. Auld received 653 responses in 24 hours. 10% of the applicants had more than 10 years of experience, and 3% of them had master’s degrees. Presumably, one of them would get the job. But what does that mean? It means that all the other experienced applicants and master’s degree holders would remain unemployed. That is about 64 experienced workers and about 19 workers with master’s degrees."
When was this? Most people at work can't afford the $30,000/seat software license. I don't recall a time, ever, when employees at Ferrari could afford their products on 40 hours/week.
By 1915 the combination of pay raises and price drops meant a line employee could by Ford's cheapest car on four months' pay. Today the cheapest Ford is the Fiesta, $14,000 MSRP. That works out to about $22/hr today. Of course, the Fiesta is a much better car than the Model T was. It will last far longer and require far less maintenance. $22 is right around what full-time employees start at on the line for Ford nowadays. Even the temps at $15/hr are better off. It might take them a little longer to afford it but the product quality is so much higher they come out ahead.
And this is the truth of why it's so difficult to find gainful, worthwhile employment in this country anymore.
TO the OP, great video and topic. Repped!!!
Um..wrong.
There's so much wrong with the methodology there that it isn't even funny.
1) You do NOT need a job to make income. How about that that retired and simply use their investments as a form of income? That is NOT addressed there.
2) Since when is a 3% decline "dropping like a brick". As someone that has taken various forms of research methods that is scar tactics at best. After the dot com and credit bubbles how can a 3% decline be verbalized as dropping "like a brick"
Prison planet isn't exactly the best source of information with its various conspiracy theories. Consider this. He has never explained why he has never bet on anything nor has he ever explained why he has not been killed. If what he was saying was the truth chances are it would have occurred by now. Some of those numbers are wayyy off to the point where the person making those sites clearly did not read it properly.
Example: 53% of Americans make $30k or less. But yet if you read the chart Wage Statistics for 2012
If you go down from where that 53% was it states 100% at 50 million or more. Obviously they do not know how to read numbers here. The average wage index is here National Average Wage Index So according to alex jones everyone somehow had a 50% raise going into 2013...
"Auld received 653 responses in 24 hours. 10% of the applicants had more than 10 years of experience, and 3% of them had master’s degrees. Presumably, one of them would get the job. But what does that mean? It means that all the other experienced applicants and master’s degree holders would remain unemployed. That is about 64 experienced workers and about 19 workers with master’s degrees."
Huh? That's assuming that those looking for jobs are unemployed to start with. So 97% of them did not have masters degrees and 90% had less then 10 years experience. It implies nothing of the employment status of the applicants themselves.
The retirement of baby boomers has a huge impact just as the drop of gasoline/oil/nat gas has. Employment has improved. It's easy to make some video and read some half truth on statistics but the fact of the matter is the vast majority of people in this country have access to food, water, shelter and clothing. The world is not ending, the country is not ending. The majority of people sleep well at night because the country is peaceful. Yes your cable bill might be going up or the price of chicken at KFC but so what?
So how do you get a job in the economy? I'd argue an education (which does not end in higher ed), being able to move or drive, having a clean record (crime, drugs, debt), being able to put into writing qualifications (i.e a resume) being able to answer questions of your background/experiences (i.e. an interview). So where do you find work? Well frankly look at trade/industry associations, network with people that's the real impact here folks. If you want to sit at home and complain that your great grandfathers break pad factory closed up shop and you are mad at the world well what does that do to further you?
Let's break this down here in a conversation.
There are no jobs.
Really? So no one has a job. None none at all.
Well I mean no job openings
Really? So no one has a single job opening none at all.
Well you know like nothing I could get
How do you know that? Did you apply?
Well nothing I'm qualified for.
Well frankly whose faults that?
EVENTUALLY.....??!!!!!!!:rolle yes: ROTFLMAO!!!!!!
And it's not "because people are retiring". This video BLOWS THAT OUT OF THE WATER: #1 The Obama administration tells us that 8.69 million Americans are “officially unemployed” and that 92.90 million Americans are considered to be “not in the labor force”. That means that more than 101 million U.S. adults do not have a job right now.
And this is the truth of why it's so difficult to find gainful, worthwhile employment in this country anymore.
ROTFLMAO all you want. This is very interesting, and would be even more interesting if it were not very old news. When there was a recession in 1990, and lots of people lost jobs, collected unemployment, dropped out of the work place and stopped looking for work, the very same criticisms and 'observations' were made regarding the statistics. I believe that Lynn Martin was the Labor Secretary at the time, and she got all kinds of grief for manipulating the statistics because so many of the unemployed had dropped out of the workforce and stopped looking for employment. The government was accused of manipulating statistics. She went on the Sunday news shows and denied it.
This is recycled news--nothing has really changed regarding the way statistics were collected and put forth by the government since that time. Meet the new boss -- same as the old boss. Methodology and BS are all the same now as they were then. I remember Lynn Martin having to defend the same accusations--the numbers were fixed. I don't know why you are acting like this is an 'aha' moment. It is not. Your You Tube videos are simply not 60 Minutes material--it's all been said before. You want to try to reinvent the wheel? Go right ahead.
Fact: Some parts of the U.S. have a high unemployment rate. Many others do not have this problem.
Here in Montana we only have a 4.2% unemployment rate and our city is a full percentage point lower. This is about full employment rate, as 4% of the population will be voluntarily changing jobs at any one time. Our businesses mostly pay above minimum wage rate. McDonald's as an example pay High School Students $11 an hour to start, and advertise $14 an hour for adults on day shifts on outside reader board.
Some parts of the country pay a lot less where there is a high unemployment rate.
And we do outsource some low pay jobs. But how about all the insourcing jobs being done, and as foreign companies open up facilities in the U.S. Good example is autos, where 10 foreign companies have built plants in U.S. and Chrysler is foreign owned. We only have 2 real auto companies. Those American factories building foreign cars, build considerably more cars than Ford and General Motors our only two domestic car companies. And there will be a lot of American jobs at American firms that build parts for those foreign auto companies. Foreign companies have factories here that produce many things, including a new one building high speed trains, aircraft parts, and even food. A Japanese company has a big mining operation in Nevada, hiring Americans. I know as my daughter working from her home in Montana, did the work to set up their computer system that handles all the different parts of their operation. Took weeks at a very high rate of pay. Not bad for a part time second job.
At the current rate of foreign owned companies opening factories in U.S., it is predicted that over the next 10 years, foreign owned companies will hire 1,000,000 Americans every year as they open and expand here.
Another thing that is amazing, is that foreign owned companies pay more money to their employees, than American companies do. Read t his article (one of many saying how Foreign Companies pay higher wages than American Companies pay. Not only do they pay higher wages, they also pay a higher effective tax rate.
There used to be a basic understood agreement between companies and employees that the company would pay employees a decent enough wage so that they could buy the company's goods or services in exchange for a 40 hour work week. Those days are largely done in America, and many seem to celebrate it.
Yes, there are many who revel in the regression back to barbarism, and hope to help bring about a situation where they can more aggressively exploit the economy for their own personal comfort and luxury at the expense of the basic needs of those most vulnerable in society. While there are those who look forward to marching over the bodies of people the couldn't care less about, there are still some, like Fed chair Janet Yellen, who recognize the fundamental purpose of the United States economy: "foster maximum employment and price stability".
Increasing efficiency is like the value of a home going up - it isn't universally good - rather, it's good for the seller and bad for the buyer.
Not a good analogy. Increasing efficiency is more like a decrease in real estate commissions and in mortgage interest rates. So both the buyer and the seller of a home can benefit. The seller can get more and the buyer can pay less. But the real estate agent might get less.
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??!!!!!!!
:rolle yes: ROTFLMAO!!!!!!
