USA Joblessness on the Rise

[Sam Odom]

The number of Americans filing applications for unemployment benefits climbed last week to a one-month high, showing little progress in the labor market.

Jobless claims rose by 4,000 for a second week to reach 372,000 in the period ended Aug. 18, Labor Department figures showed today in Washington. The median forecast of 41 economists surveyed by Bloomberg called for 365,000. The four-week moving average, a less volatile measure, increased to 368,000.

http://www.bloomberg.com/news/2012-08-23/jobless-claims-in-u-s-climb-for-second-week-to-one-month-high.html

[Easy-Rider 66]

[Sam Odom]

If there were NO sustainable jobs to be had this summer just imagine how bad it will be this winter...

[SBR_John]

Not Obama's fault...thats George Washington's fault,,,,err uhh Bush, well wtf it might of been GW's fault too...muder fukker.

[SharpBoxing]

Less regulation and less taxes. That will keep jobs in America

[Sam Odom]

[Rixsaw]

Chances are they are HP employees.

[Shaudius]

Less regulation and less taxes. That will keep jobs in America

Well since when George W Bush was President that's exactly what he was doing(cutting taxes and attempting to lessen regulations) lets see what was happening to US job growth in the years when he was attempting deregulation(at least to the same level as a potential Romney Presidency) and cutting taxes:

http://www.businessweek.com/the_thread/economicsunbound/archives/2009/06/a_lost_decade_f.html

Hmmm.

[Jerm3462]

Hell I'm American, and if I was running a big corporation, I'd outsource also. You'd go out of business. If you didn't.

Let's take for example a call center.

You can hire Pinjah Abdul Adetjibad in India, for $2.25/hr and no benefits, and comes to work 365 days a year

Or
Laquisha "Bigs" Johnson in Dallas, for $13/hr + benefits, and misses about 6 days a month, and dares you to say anything to her or she will file a discrimination lawsuit.

And outsourcing has been happening long before W. Bush & President Obama.

Everyone go on about your day. Unemployment is a tad high, but if you want to work, you can find a job.....just might take a bit more time.

Nothing to see here

[Sam Odom]

Well since when George W Bush...

SBR_John nailed it

[Shaudius]

SBR_John nailed it

I'm not blaming Bush for the lack of job growth, I'm answering the charge that deregulation and less taxes is the panacea solution, that if only we deregulated and lowered taxes jobs would come back. I was saying Bush was trying that, it didn't stem the tide of stagnant US job growth. It has nothing to do with Bush himself, it has to do with the solution he was trying to implement not seeming to work to solve the problem brought up in this thread. Since Obama is not attempting deregulation, and is instead creating more regulations, which is also not working to stem the tide of US job growth it seems pretty obvious to me that the problem is not regulation.

The issue is that we could have zero regulations and zero taxes and the jobs would still go offshore because as Jerm pointed out(although I wouldn't have put it the same way) people in India will work for cheaper, and no amount of deregulation or low taxes is going to change that for non-location based, non-manufacturing jobs.

Now for manufacturing jobs there is a break even point where its useful to insource the jobs back to the US when you factor in shipping costs of the product back to the US. We're seeing that a little right now as the cost of manufacturing in China due to increased labor costs(because the Chinese worker is demanding more money) but we're also seeing it because of the deflation of US wages, if the regulations were so stiffing we wouldn't see any of this insourcing at all. At some point we'll reach an equilibrium point between where US wages are now and where wages are in China, factor in some taxes and that will be the global manufacturing job situation.

[Sam Odom]

For the uninformed: Businesses do NOT pay taxes... The consumers of the goods or services do

[King Mayan]

[BigDaddy]

it's tough to find a good job these days

[hubie69]

Obama's recovery for jobs has been extremely slow. Compare the numbers of Obama's recovery (jobs v Months) to Bush and/or Reagan. BOTH Bush and Reagan had faster job recovery in the private sector than Obama. Sure, Obama has had some growth, a majroity of which has been in the public sector.

Sam Odom:
Love that picture. Well done

[cant call it]

Destroy minimum wage laws.

[Sam Odom]

Obama's recovery for jobs has been extremely slow.

Obama is a Marxist at his core... He is anti-business & anti-capitalist with disdain for individual free market success

So are his policies

[Shaudius]

Obama is a Marxist at his core... He is anti-business & anti-capitalist with disdain for individual free market success

So are his policies

This post tells me you don't even know what Marxism is if you think Obama's policies are Marxist.

[Shaudius]

Obama's recovery for jobs has been extremely slow. Compare the numbers of Obama's recovery (jobs v Months) to Bush and/or Reagan. BOTH Bush and Reagan had faster job recovery in the private sector than Obama. Sure, Obama has had some growth, a majroity of which has been in the public sector.

Sam Odom:
Love that picture. Well done

The majority of net job growth for the last 12+ years has been in the public sector, this isn't new to Obama.

[PickWinnerAllDay]

Poor Obama.

[itchypickle]

Destroy minimum wage laws.

CCI gets it

[Sam Odom]

May 28, 1881

"Thus it is through the action of Trades Unions that the law of wages is enforced as against the employers, and that the workpeople of any well-organised trade are enabled to obtain, at least approximately, the full value of the working power which they hire to their employer; and that, with the help of State laws, the hours of labour are made at least not to exceed too much that maximum length beyond which the working power is prematurely exhausted. This, however, is the utmost Trades Unions, as at present organised, can hope to obtain, and that by constant struggle only, by an immense waste of strength and money; and then the fluctuations of trade, once every ten years at least, break down for the moment what has been conquered, and the fight has to be fought over again. It is a vicious circle from which there is no issue. The working class remains what it was, and what our Chartist forefathers were not afraid to call it, a class of wages slaves. Is this to be the final result of all this labour, self-sacrifice, and suffering? Is this to remain for ever the highest aim of British workmen? Or is the working class of this country at last to attempt breaking through this vicious circle, and to find an issue out of it in a movement for the ABOLITION OF THE WAGES SYSTEM ALTOGETHER?" -- Friedrich Engels

[Easy-Rider 66]

Destroy minimum wage laws.

[hubie69]

The majority of net job growth for the last 12+ years has been in the public sector, this isn't new to Obama.

Indeed its not. Sad that's where a majority of his growth has been.

[PAULYPOKER]