Quote:
Originally Posted by PDD
Perhaps you are correct but ever since we became part of the global economy, the amount of Americans living in poverty and on the welfare rolls has dramatically increased.
Other than killing off all those who will never be able to find jobs, how would you suggest to make our economy grow and bring unemployment back to a respectable level?
Somehow I've been able to survive pretty good buying American made products. Admittedly I have purchased a few foreign autos over the years mixed in with a bunch of American cars but I keep them so long I'm not any manufasturer's idea of a preferred buyer.
BTW American is spelled with a capital A.
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i don't want to hijack or go off topic so i will just briefly answer your questions.
i am not smart enough to have the answers to solving the worlds ills or solve unemployment nor do i even want to find my cap key..
but i am smart enough to play the cards i am dealt to tilt things in my favor where i can. in fact i love taking lemons and selling them at a profit as lemonade.
to many people blame the dealer instead of working with the cards.
want some examples of what i mean?
i can not do anything about rising energy costs but i can join the big boys and benefit from them. i own an ETF called USO which is a traded stock that is not a company but rather owns barrels of oil.
everytime oil goes up 1% i make about 100 bucks.
i actually come out ahead from rising energy costs.
when the fed announced they and the world would be lowering interest rates to near zero most folks did nothing and complained how savers were being punished .
on the other hand the fed did everything short of dropping leaflets from helicopters announcing it.
if you paid attention and moved your savings to nice safe,secure treasury bonds you made a killing in capital gains they went up so much.
you were dancing in the street just because of the low rates the masses were crying about..
to many don't play the cards, they spend all their time complaining and blaming the dealer.
unemployment is a problem because the fact is there are jobs but many don't qualify.
we have been hiring for years . we can not find people.
so many can not pass a drug test
they can not pass a simple math test
they speak horribly or dress like the corner drug dealer
if it involves driving they have poor driving records.
they can not pass a background check or credit check and we have not even gotten to their skills for the job yet.
90% of what we see can not even pass the screening process and we have not even judged their skill set yet.
we had applicants tell us they want 25 bucks an hour to load trucks. that is because their unemployment insurance plus working off the books at the local bodega comes to that much so to go back to work on the books they want more.
so much for what the real unemployment numbers are. they are very much skewed by people like the above upward.
all this is in new york city/long island. we have very high unskilled labor unemployment, but it is not because of lack of jobs.
the issue since the downturn is this: companies do not let their core best of breed employees go unless they are going out of business.
i am sure every industry is like mine and when a competitor fails and their core people become available those few best of breed employees are snatched up before ever hitting the streets.
while everyone looking for work thinks they are in that group the reality is they are 2nd and 3rd tier as far as demand in their industry.
we have added 23 best of breed people over the last 2 years and are still looking.
the fact is those unemployed may not be the most desired by companies and between the screening and the fact the companies they were let go from did not see them fit to be cherished makes it hard for them to get jobs.
he have had a few hundred applicants apply and to them they are thinking there just are no jobs.
they are wrong there are jobs, lots of jobs but not for them. they just do not make the cut.
we are still hiring and if there are any electrical engineers, or those with knowledge in electrical control panel building, industrial sewage and water pumps or have an electrical wholesale background d/m me.