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It is the real problem.Big companies fired high and good salaries ( Main street is happy !!) et new jobs are part-time jobs.But US GDP is 70 percent personal consumption .How are the things ??
It was predicted that Obamacare would result in a lot of jobs becoming part-time because it mandates only kicked in for employees working more than 30 or 35 hours, or whatever. Darden restaurants, I think, converted a lot of people to part-time. I'm sure OBcare is at least party responsible for the increase in part-time jobs.
Employer-employee relations have changed so much over the last 60 years that maybe more part-time jobs is just part of the overall trend. Employees and employers aren't nearly as close to each other as they were. People flit from job to job. Employers use contract employees, outsource, move to wherever they get government incentives. Neither is loyal to the other. It's every man for himself.
The **real** problem is that we have far more warm bodies available than jobs that need doing.
IOW... everything that NEED's to be done is getting done.
The deeper problem is that the raw number of jobs is retracting (getting smaller).
This problem is acute at the no/low skill end of the labor spectrum but exists at all levels.
The deepest problem is that most of the other jobs don't actually create anything.
They're "service sector" work that assumes their "customers" are producing value.
Mostly they just shift cash around among themselves.
The **real** problem is that we have far more warm bodies available than jobs that need doing.
IOW... everything that NEED's to be done is getting done.
The deeper problem is that the raw number of jobs is retracting (getting smaller).
This problem is acute at the no/low skill end of the labor spectrum but exists at all levels.
The deepest problem is that most of the other jobs don't actually create anything.
They're "service sector" work that assumes their "customers" are producing value.
Mostly they just shift cash around among themselves.
Too many people.
Not necessarily. Just too many people who want to get paid 8 bucks an hour.
Set the minimum wage to 2 bucks an hour and America would find itself in a labor shortage pretty quickly.
The **real** problem is that we have far more warm bodies available than jobs that need doing.
IOW... everything that NEED's to be done is getting done.
The deeper problem is that the raw number of jobs is retracting (getting smaller).
This problem is acute at the no/low skill end of the labor spectrum but exists at all levels.
The deepest problem is that most of the other jobs don't actually create anything.
They're "service sector" work that assumes their "customers" are producing value.
Mostly they just shift cash around among themselves.
Too many people.
Been that way for nearly a hundred years. US became a post-industrial economy in 1922. How much of a problem that is, I don't really now.
Have you tried living without electricity or running water, in a log cabin that's falling apart, and walking 3 miles to get to work?
That wouldn't happen if the economy deflated to a point where 2 dollars became a reasonable wage. Of course that'd never happen because of debt and all that. Anyway, my point was that the economy would be fixed by breaking the status quo.
Not necessarily. Just too many people who want to get paid 8 bucks an hour.
Set the minimum wage to 2 bucks an hour and America would find itself in a labor shortage pretty quickly.
At two Bucks there would be absolutely no reason to work as what you'd make wouldn't even cover the expenses you incur by working.
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