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Any major job cuts announcement helps Trump. People are just fed up with the establishment especially big business that offshore a lot of money and jobs like Intel.
If you look at every product Intel makes, it is either Vietnam, Malaysia, Philippines, etc. They are going to expand to even poorer nations to just keep cost down so the upper ranks can rake in more money. You could be some processor or circuit designer for intel with advance degree in math but put on the chopping block when they got what they needed from you and pass on the work to cheaper labor overseas.
Hillary loves Transpacific Agreement, she supported it before and now backtracked to get votes. You know if she's elected she'll change position again and say it's Good for America to send more jobs to the Pacific.
You're correct and some of us are old enough to remember Bill Clinton and NAFTA.........but then we both remember the dot com boom and those jobs paid much better so we overlooked that for years until that sector started to mature
George W. had run up more debt than any President before him. Then Obama came along and outdid him.
For the average working Joe, Obama's presidency hasn't meant much on an individual financial level.
However, for those in the upper/elite class with investments and businesses, his presidency has been extremely beneficial in regards to finance.
I keep hearing so many people talk about how their business are doing better than ever before under Obama.
Same can be said about those that are poor and depend on gov't benefits. Obama has taken care of them.
For the average working Joe/Jane....there has been no benefit in my opinion.
Going from 100 applicants per position in previous years to 30 applicants for the same position under Obama's tenure is something to be proud of in my opinion.
Especially if you are one of those applicants desperate for a job. Both odds are not in your favor.
Somebody always benefits from a presidential campaign.
For the average working Joe, Obama's presidency hasn't meant much on an individual financial level.
However, for those in the upper/elite class with investments and businesses, his presidency has been extremely beneficial in regards to finance.
I keep hearing so many people talk about how their business are doing better than ever before under Obama.
Same can be said about those that are poor and depend on gov't benefits. Obama has taken care of them.
For the average working Joe/Jane....there has been no benefit in my opinion.
Going from 100 applicants per position in previous years to 30 applicants for the same position under Obama's tenure is something to be proud of in my opinion.
Especially if you are one of those applicants desperate for a job. Both odds are not in your favor.
Somebody always benefits from a presidential campaign.
JMO
Going from 100 applicants per position in previous years to 30 applicants for the same position under Obama's tenure is NOT something to be proud of in my opinion.
I'd also say Obama's presidency has been great for women as well.
Can't remember the last time I have seen some many women running business and leading corporations.
You can find a job if you want it. Can you keep it? Well, that's largely up to you, and to a small part, up to the employer and whether they have hired too many.
But, trying to improve yourself and take higher paying jobs that match with your increasing levels of experience? Yeah...Good luck with that. No one, NO ONE, wants to raise the wage of employees. Negative. Will not do if they can help it. they will go out of their way to see what you made at the last employer, and do no better than that.
Job market is hit or miss depending on sector and region to some degree. Old school, low skill jobs are not coming back in volume and at high salary. That's gone for good. Still, most economic indicators have been up. People are working and spending. Someone is finding jobs and making money.
THIS. Arizona is somewhat finally picking up with a lot of retail openings (I know of at least five different plots of land going to new restaurant whether fast food or sitdown locations, one of which is a move to a larger place for an existing restaurant in a strip-mall) and home building (housing is one of AZ's biggest economies and that is booming again (though not for Canadians.)) However in say Long Island, it doesn't have as much of that as retail is basically gobbled up when one store closes. For instance by me were two K-Marts during the 1990's. In the 2000's (after K-Mart shutdown a lot of stores, they eventually became Walmarts (as did a Service Merchandise "mall" in the same area too.))
The other thing is the COL in that area which is why I am not for a $15 minimum wage across the board. Some places only need $10 for their minimum wage to have an OK living in as a single adult all honesty (upstate NY for example.) Other areas truly need $15 minimum wages (downstate NY like Long Island and Westchester.) While some need more than that (say NYC.) And before anyone says "well NYC is going to be more expensive," it always has been. NYC prices for fast food were higher than mall pricing for the same exact fast food place in suburban Long Island but not due to wages, it was more operating overhead like the rent.
At what time in history did unskilled people make up the middle class?... why do you make the assumption that a person will remain unskilled? If someone is unskilled, sure start out at minimum wage jobs. Then use that and build their skills and work up. The reason unskilled people have a hard time breaking into the middle class is because they don't work at obtaining more skills. They work at obtaining more jobs that use the skills they have and not developing new ones.
Forget who else on here say this, but repeating the same job for 20 years is 1 year of experience done 19 more times. They can be the best minimum wage worker, but a professional minimum wage worker is still a minimum wage worker. To move up that, they need to start to add skills beyond that. If they have to take on extra duties at the job to learn more, or go back to school for it, or just look for different jobs to do it, they need to.
I am sorry but you are just wrong.
The real reason average people can't get good pay is related to opportunity.
30 years ago there was a demand for skilled and semi skilled labor. Today there is hardly any demand for people of that ability level.
We simply don't NEED that many average people, skilled, unskilled, trained, untrained.
There is clear demand for well above average higher IQ, academically trained people.
We just don't need that many book keepers, accountants , legal assistants, clerical workers etc. The easier white collar work has simply vanished.
Check out the drop out rates in the first couple of years of 3rd level hard sciences. there is a very real reason we see mass drop outs. These people are dropping out because they are unable to complete the more difficult aspects of the content. You can sit there and explain it, until you are blue in the face and they may never fully grasp it. they might manage to hold the idea in their head for a while , but it slips away...
Shifting the blame to the public does nothing to improve our nation and only serves to justify the status quo.
I have worked with enough people to know that many of the currently desirable skill sets are permanently beyond the abilities of perhaps as much as 70% of the population. that means we need to either find ways to employ and assist these people or hire 5 times as many cops.
Make your choice, me I am hoping we can find a way to be inclusive and to stop blaming the victims of our economic model.
The Intel layoffs in the initial post are caused by the slow decline of the Windows PC. The Intel-Microsoft stranglehold on computing that has existed since the mid-1980's is slowly ending. Most casual users can do internet browsing, email, and basic computing just fine with a tablet or smartphone.
Furthermore, Moore's Law (from Intel co-founder Gordon Moore) that processors double in speed every two years has pretty much ended. We've pretty much hit the wall with physics and the speed increase isn't happening like that. You don't need to swap out your hopelessly obsolete PC every 2 years when it can't run the new Microsoft release.
Who are the NASDAQ darlings? Apple and Google. Not many people avidly track Microsoft and Intel like they did in the old days. It's the natural rise and decline of tech companies.
And Trump is going to have Mexico build the wall, taking jobs from Americans.
To be fair, Trump said Mexico would pay for the wall, not build it. More relevant to the discussion is Trump's past statements saying he favors outsourcing American jobs to foreign countries.
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More relevant to the discussion is Trump's past statements saying he favors outsourcing American jobs to foreign countries.
