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Keep in mind folks, while unemployment is very low and has been for a long time , we have much bigger issues.
the quality of jobs and the terms of employment have been declining for 30 years or more.
wages are flat for 30-40 years, while larger employer profits have climbed since the late 70s... Add to that the continuing concentration of wealth into the hands of FEWER and FEWER people.
flat wages
worse employment terms
lose of pensions and job security
widening wealth gap.
increasing concentration of wealth.
these are long term trends that continue to go unaddressed. Trump is just the next in a long line of leaders who have done little to nothing to change this. the tax cuts will make this worse not better.
The vast majority of Americans live in a state of insecurity almost unknown to most Europeans.... think about the wealth we have and the fiscal insecurity most americans live with.
I hear this all the time and laugh. More retail stores are opening round the country than closing. What often happens is when the lease is over the retailer will leave and relocate to a new facility in a more up and coming area. Rumor has it Amazon is looking to buy out a major retailer because it also wants a piece of the brick and mortar market.
So brick and mortar is not dying, but evolving with more automation used.
saw some saying Target is a target.... they do have newer stores in better locations, but i am not sure i want to shop in Amazon B&M, i like amazon a lot, but i still want choice.
Another 20,000 lost in retail, and this during the biggest retail season of the year. It's not Trump's fault, of course, but it is alarming for many of Trump supporters in small towns where retail is the only thing left after the exodus of jobs to China.
Exactly. Macy's announced job cuts as well as Sears announcing store closures. Mind you, this is two weeks AFTER Christmas season ended and gift card usage as well as the after-Christmas clearances...
Quote:
Originally Posted by Frank DeForrest
Obvioulsy we need to raise the min. wage and finish them off.
And then who will work the fragrance counter? Who will prevent shoplifting? Who will attend to the changing rooms or rest rooms? How will left items get restocked? How will returns work? I'm sorry but this is a simplistic, "Let them eat cake" response.
Quote:
Originally Posted by ChristineVA
Even during Obama's administration and now Trump's, I have felt like the stock market was booming and CEOs were doing fabulous; however, I never felt like the real "working" economy has ever fully recovered from pre-2008. The labor market is just not the same and I wonder if it ever will be. Protections and benefits back to the employees were finally destroyed after the wreck of 2006-2008 and employees took any crumbs they could get. I don't feel that this has changed much.
IMO, when the tax bill was passed and corporate tax rates were slashed, I think there should have been some stipulation put in for companies who greatly benefit from this cut that a certain amount of funding would get put back into their labor force versus their pockets. Be that increased healthcare expenditures, higher wages, etc..
This is exactly the problem. The CEOs, board and other top level executives make bank (more so now from the tax breaks) while the grunts in the trenches gets crumbs. Look at the "tax break bonuses" people are getting rather than raises. Wages are stagnant, a one time bonus does jack****. It's merely a PR issue when broadcasted like the "tax break bonuses" were.
The vast majority of Americans live in a state of insecurity almost unknown to most Europeans.... think about the wealth we have and the fiscal insecurity most americans live with.
Yes, big banks and corporations were able to push in the 401K idea which replaces pensions. This led to millions of Americans retiring with nothing. Additionally, you could do everything right during your life and retire with a million bucks in the bank, only to see it vanish in a matter of months in medical bills.
It certainly is trending downward from 2016...but adding is better than a negative!
Like all cycles (which are cyclical by their very nature), there has to be a peak at some point. We can not infinitely add jobs.
I only hope the downward swing, which is likely to happen under Trump (not necessarily because of him...but because he is working against the timelines of all recovery cycles in history), is not too severe.
I don't WANT Trump to fail - and I despise him and most of what he does.
And that is part of the cycle. When you reach "full employment" it will slow down.
Is it full employment or too many people gave up and no longer looking for jobs? According to FOX and conservative talking heads, the real employment rate is 18%.
Yes, big banks and corporations were able to push in the 401K idea which replaces pensions. This led to millions of Americans retiring with nothing. Additionally, you could do everything right during your life and retire with a million bucks in the bank, only to see it vanish in a matter of months in medical bills.
Newsflash: Pensions are dying out, even in the public sector. The reason they are lasting so long there is because, in states like Illinois, Sir Tax-a-lot just keeps looting the peasants to pay for his pensions. How come everyone is quick to jump on "Those greedy corporations!" (and I'm NOT a special pleader for corporations, especially the big F500 ones.) yet ignoring the public sector looting the citizens to pay for their pensions and bennies?
High taxes and costs like that scare businesses from states too, which results in job loss too. As for the Trump tax cuts making the individual one ten or so years but the corporate one (needed to try and bring jobs back), that was because the Republicans wanted to extend that too but the Democrats didn't go along and they needed 60 votes to do it and didn't have it.
Yes, big banks and corporations were able to push in the 401K idea which replaces pensions. This led to millions of Americans retiring with nothing. Additionally, you could do everything right during your life and retire with a million bucks in the bank, only to see it vanish in a matter of months in medical bills.
i know i keep posting it and it must get annoying but we really need to look at the Powell memo from the 70s and we can see how the agenda has not only come to full fruition but has exceeded their wildest dreams.
Putting industry ahead of people has led us into race to the bottom that is ending with people being worked into the grave. We as a nation have absolutely vast wealth, we could compete just as successfully while providing full healthcare, excellent social safety nets, higher rates of pay for most industries.
I do fine, so no sour grapes here. My concern if for my future grandkids, their kids and my fellow citizens.
this culture of winner takes all and loser are lazy is destroying the nation and is directly responsible for the current bifurcation.
Newsflash: Pensions are dying out, even in the public sector. The reason they are lasting so long there is because, in states like Illinois, Sir Tax-a-lot just keeps looting the peasants to pay for his pensions. How come everyone is quick to jump on "Those greedy corporations!" (and I'm NOT a special pleader for corporations, especially the big F500 ones.) yet ignoring the public sector looting the citizens to pay for their pensions and bennies?
High taxes and costs like that scare businesses from states too, which results in job loss too. As for the Trump tax cuts making the individual one ten or so years but the corporate one (needed to try and bring jobs back), that was because the Republicans wanted to extend that too but the Democrats didn't go along and they needed 60 votes to do it and didn't have it.
Newflash, you are wrong.
private sector pensions have declined by 50% over JUST the last 20 years..
The primary reason govs have keep pensions is to attract workers. Gov work tends to be paid less, provide few opportunities to progress internally and can be very frustrating. they need something to draw in people...
I assume you are talking about the u6 number for unemployment...
it is about 8.1 i think it has been up and down from there for a couple of years.
While those working part time are counted as unemployed for the U6 calculation that is not what I was referring to. In absolute numbers the number of people who work part time but want to work full time has been going down since 2011.
Yes there was a spike in part time for economic reasons between 2008 and 2010, but the trend line is clear since then. Yes this decline is also contributes to the decline in the U6 number which has also been declining for sometime now.
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