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re: I'm all for more U.S. jobs, but things will cost more.
Posted on 1/25/17 at 3:48 pm to WorkinDawg
Posted on 1/25/17 at 3:48 pm to WorkinDawg
quote:But we've had record unfilled job openings anyways. So I suspect that many that don't have a job, either don't need one (e.g., spouse makes enough money), are unable to work (e.g., severe physical and mental disabilities), are unable to navigate the labor force (that won't magically go away then), or are not THAT motivated to work.
The only way to drive higher wages is to have a full employment economy. Trump gets this. No CEO is going to arbitrarily give everyone 25% raises, why would they with 10% unemployment? The more American labor is needed the more those who are willing to work hard will make.
In other words, we may be pretty close to full employment for practical purposes if there are so many job opening available.
2
Posted on 1/25/17 at 3:52 pm to buckeye_vol
quote:
or are not THAT motivated to work.
In other words, we may be pretty close to full employment for practical purposes if there are so many job opening available.
That has to be fixed. Folks who haven't had a job in 4 years shouldn't have 50 inch flatscreens. And you absolutely can't blame them. It's human nature. Every one of us would do it if put in their circumstances.
Posted on 1/25/17 at 3:54 pm to buckeye_vol
quote:
More people are being hired each month than are leaving jobs. That means the net number of jobs is increasing. But the pace of hiring and the pace of voluntary job-quitting are both lower than prerecession levels, a sign of a lack of vibrancy in the labor market. Because job-hopping is a key way that many Americans get raises, an increase in voluntary job-quitting tends to coincide with faster wage growth, but not so much this time around.
Part of this in in addition to the "job skills gap", or whatever the experts are calling it these days. This is from Jacob Wolinsky, someone you might want to familiarize yourself with. He, and his newsletter, which is largely free, write some really interesting stuff.
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