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Then we must compel businesses to add jobs. Otherwise we need to have start ups to offset how many jobs we have lost and not yet see return. We are maybe a few hundred thousand better than when Obama came into office but still low wage job growth and more people leaving because they cannot find work. That or create more pubic works jobs. We only have so many ways to create jobs and business don't want to add jobs and purple complain about the levels of government waste so it is entrepreneurialism our nothing right now.
Demand for labor. Money isn't getting into the hands of the consumer to consume with. The barriers to entry have never been higher. Start ups are having a hard time of it.
Demand for labor. Money isn't getting into the hands of the consumer to consume with. The barriers to entry have never been higher. Start ups are having a hard time of it.
....if they are consumer market driven. Corporations and govts. have money. Small start-ups still receiving billions in contracts. Creation of more public works jobs.
Demand for labor. Money isn't getting into the hands of the consumer to consume with. The barriers to entry have never been higher. Start ups are having a hard time of it.
We don't have enough jobs to create even if it is businesses. One cannot open a business if you don't do it cheaper or more efficient than the competitors in your market AND you can cover costs. The internet and the recession are huge issues affecting start-ups. The up-front costs too are much higher.
Quote:
Originally Posted by GoCUBS1
....if they are consumer market driven. Corporations and govts. have money. Small start-ups still receiving billions in contracts. Creation of more public works jobs.
I wish we could see more public works jobs. The problem is people don't want to see taxes raised as well as expanded spending. Obama's Jobs bill asked for that and it was shot down by not just Republicans but also Democrats as well. We need to spend a little now to create jobs for the future and then we can worry about lowering the deficit.
....if they are consumer market driven. Corporations and govts. have money. Small start-ups still receiving billions in contracts. Creation of more public works jobs.
Ya but...
Back in 2008 70% of the economy was consumer driven. Now the figure quoted is 60%. That is quite a swing.
Corporations and governments do have money. They look at labor as an expense. They don't look at labor as an investment in future consumption. They don't want to spend their money on labor.
The cost of insurance is prohibitive. That cost is in part a function of the total debt as % of GDP. Dropping the total debt to GDP ratio will help reduce the barriers to entry.
Getting the total debt down without writing off a large part of it requires a large increase in wages across the board. Upping the minimum wage is the only way I see of doing that.
If you announce the coming of wage inflation then Corporations will spend their money on labor before the inflation gets here. That way they will get the return on their money that would be lost if they just sat on it as cash as we have inflation.
We don't have enough jobs to create even if it is businesses. One cannot open a business if you don't do it cheaper or more efficient than the competitors in your market AND you can cover costs. The internet and the recession are huge issues affecting start-ups. The up-front costs too are much higher.
You left out better. But the recession. That is driven by too much debt. that wont change until the debt to income ratio changes.
Quote:
Originally Posted by mkpunk
I wish we could see more public works jobs. The problem is people don't want to see taxes raised as well as expanded spending. Obama's Jobs bill asked for that and it was shot down by not just Republicans but also Democrats as well. We need to spend a little now to create jobs for the future and then we can worry about lowering the deficit.
We need higher wages so that people that are currently maxed out on debt can have some breathing room. That and the cost of insurance needs to be addressed.
You left out better. But the recession. That is driven by too much debt. that wont change until the debt to income ratio changes.
I thought better was an assumed with more efficient...
Quote:
We need higher wages so that people that are currently maxed out on debt can have some breathing room. That and the cost of insurance needs to be addressed.
That is the problem with the jobs we created, not enough pay good wages to pay off debt and actually make a dent tax wise.
I thought better was an assumed with more efficient...
Now if I were to make the best crankshafts in the world then I could charge what I wanted for them. Making them by hand would be horribly inefficient but... I could charge a lot for them. Better is not the same as efficient.
Quote:
Originally Posted by mkpunk
That is the problem with the jobs we created, not enough pay good wages to pay off debt and actually make a dent tax wise.
We can't make enough value adding jobs to balance to budget. But we can change the dollar value of the jobs we can create. Up the minimum wage and then get the money sitting in excess of the reserves required to be loaned out. Boom time hear we come.
Now if I were to make the best crankshafts in the world then I could charge what I wanted for them. Making them by hand would be horribly inefficient but... I could charge a lot for them. Better is not the same as efficient.
We can't make enough value adding jobs to balance to budget. But we can change the dollar value of the jobs we can create. Up the minimum wage and then get the money sitting in excess of the reserves required to be loaned out. Boom time hear we come.
I am not sure if the minimum wage increase will really work to lad to a boom. I am not doom and gloom on it that it will lower jobs but I don't see it giving that much of an increase. I say you make the "subsidides" are tied to job growth. Say they need to add 1-2% each year to qualify and if they don't they lose it. I think that expansion would do much more than minimum wage.
I am not sure if the minimum wage increase will really work to lad to a boom. I am not doom and gloom on it that it will lower jobs but I don't see it giving that much of an increase. I say you make the "subsidides" are tied to job growth. Say they need to add 1-2% each year to qualify and if they don't they lose it. I think that expansion would do much more than minimum wage.
There is $2.5 trillion sitting idol. that is new money. It should turn into $22.5 trillion in new debt when fully loaned out and redeposited. The reason that the money isn't being loaned out is that there aren't good places to loan it. Upping the minimum wage should create unleveraged income that can be used to service new debt with. With that kind of unspent money sitting around there simply isn't a dead weight loss to upping the minimum wage.
Now if I were to make the best crankshafts in the world then I could charge what I wanted for them.
No, you cannot. With everything manufactured at some point the marginal cost of producing a "better" model exceeds the marginal benefit the consumer realizes from purchasing the "better" product.
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