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Started By
Message
re: I'm all for more U.S. jobs, but things will cost more.
Posted on 1/25/17 at 3:47 pm to GetBackToWork
Posted on 1/25/17 at 3:47 pm to GetBackToWork
quote:
We not participating in free trade so much as we're borrowing and importing.
Deficits + Trade imbalance can't last forever. When the end must come, be thankful its during an administration that's pro-growth and manufacturing, not pro-regulation.
1
Posted on 1/25/17 at 3:47 pm to WorkinDawg
Correct. Best time to hire is in a soft labor market and a down economy. That's when I add sales staff. Hopefully by the time the labor market hardens, and the economy picks up, their income level is at a point where that doesn't impact turnover. He doesn't articulate it very well, but he does understand the closer we are to full employment, the higher wages will be. When we get close to that point, and we've been there before, is that some are just not employable, or don't want to work. And predictably, worker's compensation and health insurance experience deteriorates.
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.
Posted on 1/25/17 at 3:49 pm to BestBanker
People act like China wont up the price one day.
Posted on 1/25/17 at 3:51 pm to NC_Tigah
quote:To whom besides the government (obviously), a few companies who benefit, and the small workforce that benefits (decreasingly though)? I'm not benefiting much (unless taxes are reduced as a result) from it. The industries who get less of my money because of my increased COL aren't benefitting from it. So it seems like the compensation is primarily to the government and some cronyists, in the case of increased taxes.
It's a barrier compensation.
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 3:52 pm to ninthward
quote:What do you mean "China" will up the price? If a company increases their prices artificially, then they also decrease their demand and risk being undercut by somebody else.
People act like China wont up the price one day.
Posted on 1/25/17 at 3:53 pm to tigerpawl
quote:
I'm all for more U.S. jobs, but things will cost more.
doh. Why didn't tha dayum Drumpfkins think a theeus???
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.
Posted on 1/25/17 at 3:55 pm to NCdawgfan34
quote:
Problem with all these lower corporate tax blah blah blah is that is doesn't work. Look at the difference in margins for CEO pay. These guys only take jobs out of country to put more in their pockets.
I'm amazed some of you people can remember to breathe.
Posted on 1/25/17 at 3:56 pm to tigerpawl
Your COL raises will increase. It will be a closed loop system. Currently, those cheap labor cost aren't transferred to the consumer, but owners profit. A closed loop system will maintain wealth in our country, and level the playing field for labor resources. We will see the dividends with higher quality of life.
This post was edited on 1/25/17 at 4:59 pm
Posted on 1/25/17 at 3:57 pm to Iowa Golfer
quote:I figured as much, and some skills are probably beyond some individual's capability. But people need to adapt to the market, not expect the government to adapt it for them (same argument for minimum wage increase).
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.
Posted on 1/25/17 at 3:57 pm to Mudge87
quote:
We love our Made-in-the-USA $5000 flat screen TV's don't we folks?
What American company makes flat screens?
He's trying to make American companies keep their jobs in America. Samsung is a South Korean company.
Posted on 1/25/17 at 3:59 pm to BugAC
quote:
Problem with all these lower corporate tax blah blah blah is that is doesn't work. Look at the difference in margins for CEO pay. These guys only take jobs out of country to put more in their pockets.
I'm amazed some of you people can remember to breathe.
No doubt. Maybe we should raise Corp tax rates even more?? This, by the way, is why the Dems have a base.
Posted on 1/25/17 at 4:00 pm to TheCaterpillar
quote:Vizio?
What American company makes flat screens?
quote:And Toyota is a Japanese company, which Trump threatened.
He's trying to make American companies keep their jobs in America. Samsung is a South Korean company.
Posted on 1/25/17 at 4:01 pm to buckeye_vol
Except I would favor an increase in minimum wage. Several caveats however. Exclude part time labor, exclude labor below age 18, and the increase should be to a level that the majority of employers are paying anyway.
Why would I favor the above? Give the other side something they really already have in order to get something ore important passed. Or in other words, the Donald Trump strategy. Something it seems few have figured out.
Why would I favor the above? Give the other side something they really already have in order to get something ore important passed. Or in other words, the Donald Trump strategy. Something it seems few have figured out.
Posted on 1/25/17 at 4:02 pm to buckeye_vol
quote:
And Toyota is a Japanese company, which Trump threatened.
Threatened is such a strong interpretation of what he did. This is the new normal, Trump merely gave Toyota a love tap.
Posted on 1/25/17 at 4:04 pm to TheCaterpillar
quote:
He's trying to make American companies keep their jobs in America. Samsung is a South Korean company.
He's threatened BMW, Toyota, and others
Posted on 1/25/17 at 4:06 pm to tigerpawl
want some cheese with that whine 
Posted on 1/25/17 at 4:07 pm to tigerpawl
Inflation is inevitable. I want my wages to keep up with inflation, the only way that happens is with job growth.
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