New Jobs Disporportionately low paying

Discussion in 'Too Hot for Swamp Gas' started by gatordowneast, Aug 4, 2013.

  1. gatordowneast
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    gatordowneast Premium Member

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    We all know, see and hear the reports of what our economy is or is not producing. Service industry, part time, lower wage opportunities make up an astounding 83% of the jobs being produced. So what is the cure? Sometimes we have short memories. The Carter years were awful and we were suffering from an Economic Malaise. Remember the misery index?

    "If monthly job gains going back to 1946 are ranked in order of best to worst, the difference between job growth during the first four years of economic recovery under President Ronald Reagan and Obama is astounding. Total job growth during the first four years of the Obama recovery has been 4,657,000 or just 97,020 jobs per month. That's not even enough to hit the breakeven level of 150,000 jobs per month when population growth is taken into account.

    Now, contrast that with the Reagan recovery. That generated a total of 11.2 million new jobs or 233,333 per month, more than enough to put people back to work. Reagan's best job month garnered the very top ranking since WWII with 1,114,000 jobs added in September 1983. A single month with more than a million jobs added. So far Obama can only wish for such a total. -

    http://cnsnews.com/mrctv-blog/julia...y-monthly-job-gains-top-100-reagan-12-obama-2

    The creation and build out of the internet occurred during the Clinton years with little to no involvement in wars on Foreign soils and the economy again pumped out jobs.

    "Diane Swonk, chief economist at Mesirow Financial, recalls that the robust economic growth of the late '90s generated millions of middle-class jobs. And it pushed unemployment so low that short-staffed companies were forced to convert part-time jobs into full-time ones."

    "Faster growth would fix things," Swonk says. "That's the magic fairy dust."

    So how does a President influence growth? With their policies of course.

    http://finance.yahoo.com/news/jobs-disproportionately-low-pay-part-160135116.html
  2. G8trGr8t
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    G8trGr8t Premium Member

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    This is the service economy Clinton promised us. Without manufacturing the wage disparity will only increase but too many that are bright enough to work in a modern factory are pushed into college and become convinced that a manufacturing job is beneath them after they drop $60k getting their MBA from Phoenix University
  3. RealGatorFan
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    And yet, there is a growing movement to increase minimum wage to at least $10/hr. Some are saying increase it to $15/hr. They have no idea what that would do to the economy; it'd make 2008 look like Reagan's best year. Prices would increase by at least 60% and those that would feel it are the middle class because they see no increase in pay. Unemployment would be in the double-digits as employers looking to get out of the red slash jobs.
  4. GatorRade
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    GatorRade Well-Known Member

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    This has been a predicted result of economic free market economies for some time, sometimes called the 'post-industrial' period. I read something that sounds crazy, but came from a reliable source: Do you know which country lost the most manufacturing jobs from 2000-2010? China. Where did China send these jobs? The same place the US sent most of theirs: to machines. It wasn't Clinton or Phoenix University; it was simply progress. These jobs aren't, and shouldn't, come back.
  5. gatordowneast
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    gatordowneast Premium Member

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    Nice research and good post. Sometimes we forget...progress results in change in our tasks and definition of labor. Everyone I know used to have a secretary...now with pcs, laptops, tablets, phones...not as many needed.
  6. LittleBlueLW
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    LittleBlueLW Well-Known Member

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    But yet we have democrats blaming pubs and big business.

    And people who vote the dem party line actually believe it.
  7. G8trGr8t
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    G8trGr8t Premium Member

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    do the robots build and maintaon themselves? for the last 6 years we have had some of the lowest energy prices in the industrialized world but have failed to put that advantage to full use. our divider in chief has no clue about how to grow an economy so he chose to stick with community organizing. oil and gas and chemical manufacturing should be booming off the charts by now. these are all great paying jobs that cannot be outsourced and are base level industries that require and support other manufacturing jobs up and downstream.
  8. mdgator05
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    mdgator05 Premium Member

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    And right below you, we have Republicans blaming Obama.

    And people who vote the rep party line actually believe it.
  9. G8trGr8t
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    im more tea party libertarian than pub
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  10. LittleBlueLW
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    LittleBlueLW Well-Known Member

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    Blaming O because....yes, he has not done jack. People who vote the party line are morons IMO.
  11. gatordowneast
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    MD, whether you want to admit it or not, and you likely won't, Obama and the regime have not created the best climate for business. Unless one is green and uses union workers, you are not favored by the regime.
  12. GatorRade
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    GatorRade Well-Known Member

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    Machines do actually build other machines, but yes some people are still needed. It is just that this number is much lower than it used to be, per unit of production per person. In my view, as well of that of Austrian economics, Obama can't really do much about this. His best bet is probably just to deregulate and hope that nature's course is kinder to unskilled labor. But like you predict, many think it won't.
  13. mdgator05
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    If the goal of business is profit, which is the way I have always thought about it, then Obama has not significantly changed the business environment in any negative manner. Corporate profits are skyrocketing due to increases in efficiency. Nothing from the White House has even vaguely slowed down this incredibly rapid increase in firm efficiency coming out of the last 2 recessions.

    [​IMG]
  14. gatordowneast
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    The thread is about job creation and types of jobs being created, not corporate profit. Corporate profits are not high due to revenue growth. Companies shed workers in 07, 08 and 09 (especially when Obama was elected) and have been in an unprecedented low interest rate environment for 5 years. Share prices have been pumped by $85 B in monthly fed purchases.

    Without growth in revenue/sales, a company can only cut costs so far...

    With Obama's pro union, divisive anti business, anti success rhetoric, National Labor Relations Board, EPA and IRS appointees, please remind us again why this is a business friendly time.
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  15. mdgator05
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    You said that the environment wasn't business friendly. Is the goal of a business to make profit or create jobs? I always thought it was profit. Considering the massive profits from corporations, it would seem the environment is just fine for them, assuming you believe the main goal of a corporation is profit.

    And companies have found that they can keep cutting costs as technological innovation continues at a very rapid pace. They have also found that they can compete local governments (and by that I mean national governments on the International markets, state governments, municipal governments, etc) against each other, even further lowering the cost of doing business.
  16. Gatorrick22
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    Me too.
  17. 108
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    Well said

    Jobs are a byproduct, an expense, not the goal for most business

    Business is doing just fine given the goal of profits, yet the Right is moaning about this presidents lack of job creation.

    Can't have it both ways, though I know they want it
  18. Gatorrick22
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    Unreal!

    You don't think Obama-scam and all the other things (killing oil drilling on public/federal lands) he personally instructs his agencies to do is killing good high-paying jobs?
  19. 108
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    Environmental regulations have always been here, long before Obama

    We live in a society that values the environment and makes decisions based on it
  20. theorangebluewinagain
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