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Whats also noteworthy is the number of people dropping out of the labor force, the falling labor force participation rate, all while the unemployment rate is falling. This shows that the unemployment rate is falling for all the wrong reasons...
Not good slow Joe...
Quote:
Originally Posted by Westerner92
I genuinely believe Biden is a very ineffective leader, but yall, if you weren’t expecting a slow recovery and major supply chain shocks to radiate for years from covid, you don’t know how the world works.
This is not a recovery phase. There are tons of jobs available. Employers desperately want to hire. But people are not taking those jobs. Hence, this bad jobs report.
Quote:
Originally Posted by antinimby
Actually that may be true when trying to build an economy up that was bad or sluggish but you definitely can screw up a good economy much more easily and quickly. Like on the first day on the job, Biden signed a slew of economy killing EO”s reversing all the progress Trump had made the previous four years.
That plus all the mandates and trillions in free money Biden has frittered away already has had an immediate impact. Don’t forget all the min wage laws that passed in many Democrat states this past election too.
Don't forget about the open borders, which is almost certainly stunting wage growth. Who wants to compete against illegals who don't even belong here? I think that definitely discourages people from seeking employment as well. And in a capitalist system, when employers desperately need more workers, they have traditionally raised pay. That can't happen with the country flooded with illegals.
We like to give credit or blame to the person in the Oval office but the reality is presidential policies have very little impact on the economy especially in the short term which is 1-6 months. Long term impact lags 1-2 years behind policy change.
Interesting. My wife has worked in the finance industry her entire life, and finds that Presidential policies, the administration, and the perception of them definitely indirectly effect the market. Right now her office is slammed with people wanting to move their money into safer areas due to this administration.
Interesting. My wife has worked in the finance industry her entire life, and finds that Presidential policies, the administration, and the perception of them definitely indirectly effect the market. Right now her office is slammed with people wanting to move their money into safer areas due to this administration.
I wonder how many of those people back in November voted for Biden-Harris. They are true idiots.
This is not a recovery phase. There are tons of jobs available. Employers desperately want to hire. But people are not taking those jobs. Hence, this bad jobs report.
What if I told you this is the case all over the world for most industries and could have been predicted decades in advance?
Whats also noteworthy is the number of people dropping out of the labor force, the falling labor force participation rate, all while the unemployment rate is falling. This shows that the unemployment rate is falling for all the wrong reasons...
Not good slow Joe...
This is not a recovery phase. There are tons of jobs available. Employers desperately want to hire. But people are not taking those jobs. Hence, this bad jobs report.
Don't forget about the open borders, which is almost certainly stunting wage growth. Who wants to compete against illegals who don't even belong here? I think that definitely discourages people from seeking employment as well. And in a capitalist system, when employers desperately need more workers, they have traditionally raised pay. That can't happen with the country flooded with illegals.
.... AND there an abundance of supplies sitting off the coast in container ships waiting to be unloaded but there are no workers to do the unloading and shipping to the final destination.
I wonder how many of those people back in November voted for Biden-Harris. They are true idiots.
Actually, many of her clients did indeed vote for Biden. The sad thing, is many stated how much they made under the last administration, yet just can't seem to connect the dots from then to now, and whom they voted for. I guess some people just will never learn.
Maybe you should tell Biden... Although I doubt he would remember.
I don’t have a direct line to the president. Neither do you. That’s why we’re on this board. Anyone who has suggested systemic problems (like the “demographic bomb” or highly vulnerable global supply chains) that a pandemic would expose has been ridiculed for decades.
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