Layoffs.

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Originally Posted By: Win
Really, what reason is there to create jobs in this country?

To be told you didn't build your business? To be told how to run it by more and more regulations? To be taxed harder as evil rich if you succeed and do well?

At some point, enough is enough.


That is such absolute garbage... Taxes are at historic lows, lower than the "great Reagan years", particularly at the top income levels. While do people insist on believing rhetoric over facts?
 
Originally Posted By: sciphi
For those of us younger folks, there's no concept of loyalty to a job anymore since none is shown to us. I could care less about my employer aside from the paycheck. They have shown me zero loyalty. I'm simply returning the consideration. It starts from the top, and there is none. I feel it's fair to pack up and leave at the drop of a hat when the company doesn't care about me except as a revenue generator. If that's their mindset and I'm an asset that can be replaced at whim, they get what they have coming to them.

Would I like a job that I can work at for 20-30 years? You bet. I'd like to have loyalty to an organization. Unfortunately that is long-gone.


I agree 100%, as much as I hate to have to agree with you. But you're completely correct. I keep asking my parents if the world was like this when they were coming up, and they say no it wasn't. My, how times have changed. But, you have to roll with the punches as they say.

Look at Washington DC these days, or how the top leaders of most organizations act. The [censored] rolls down hill. It's every man for himself.
 
Originally Posted By: JOD
Taxes are at historic lows, lower than the "great Reagan years", particularly at the top income levels. While do people insist on believing rhetoric over facts?


While that might be true, I did a lot better in the "great Reagan Years".
 
Originally Posted By: SuperDave456

My wife just found work. $10 an hour. Pretty good for a college degree these days, and it is actually full time.

My Sister has a Master's degree that is totally worthless. She has been unemployed since Graduating in May 2011. It's too bad she spent $80,000 on that Master's degree. She graduated college Debt free and didn't believe anyone but her teachers about going into debt for that stinking degree.


Says it all right there.

Wish you the best.
 
Originally Posted By: Win
Really, what reason is there to create jobs in this country?

To be told you didn't build your business? To be told how to run it by more and more regulations? To be taxed harder as evil rich if you succeed and do well?

At some point, enough is enough.

When will Atlas Shrug? I think that point is coming soon. Foreign investment in the US has dropped sharply and increased in China. The global market speculating on future conditions?
 
Originally Posted By: JOD

That is such absolute garbage... Taxes are at historic lows, lower than the "great Reagan years", particularly at the top income levels. While do people insist on believing rhetoric over facts?

The hard facts are that corporate reserves are $1.7 trillion according the central bank, and $5 trillion according to the IRS.

That's money that is parked and not doing anything...including making them money. Why would they do that?
 
Originally Posted By: Drew99GT
Originally Posted By: sciphi
For those of us younger folks, there's no concept of loyalty to a job anymore since none is shown to us. I could care less about my employer aside from the paycheck. They have shown me zero loyalty. I'm simply returning the consideration. It starts from the top, and there is none. I feel it's fair to pack up and leave at the drop of a hat when the company doesn't care about me except as a revenue generator. If that's their mindset and I'm an asset that can be replaced at whim, they get what they have coming to them.

Would I like a job that I can work at for 20-30 years? You bet. I'd like to have loyalty to an organization. Unfortunately that is long-gone.


I agree 100%, as much as I hate to have to agree with you. But you're completely correct. I keep asking my parents if the world was like this when they were coming up, and they say no it wasn't. My, how times have changed. But, you have to roll with the punches as they say.

Look at Washington DC these days, or how the top leaders of most organizations act. The [censored] rolls down hill. It's every man for himself.


I agree 100 percent as well.
 
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That's money that is parked and not doing anything...including making them money. Why would they do that?


The answer is lack of demand. We're still pulling out of a deep recession that hammered household balance sheets. There's still high unemployment. Those folks aren't spending enough money to create the demand that spurs investment. Investment does not spur demand--the demand comes first. Tax rates, which are historically very low right now, have nothing to do with it. Tax rates during the booming '50s were much higher.

By the way, despite those layoff numbers, overall hiring has increased steadily for many months and the unemployment rate is coming down--slowly, but down.
 
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Investment does not spur demand--the demand comes first.

Ah yes, one of the largest fallacies of demand side economics.

Demand is the willingness and ability to purchase a good or service at a given price. If something is not for sale, then there can be no demand for it in an economic sense. People may want something (anti-gravity belt, warp drive, etc.), but if it is not available (supply), then there can be no demand.

If demand must come first, then how does any new invention come about? Was there economic demand for cars in the 12th century? No, because they did not exist. Someone invests first, before something is invented, and then purchased (via demand) later.

Because of this, supply creates its own demand.

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Tax rates during the booming '50s were much higher.

And the rest of the world was devastated by WWII as well. Our economy was greatly helped by this fact. Simply picking a given time span and looking at one factor is flawed analysis.
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By the way, despite those layoff numbers, overall hiring has increased steadily for many months and the unemployment rate is coming down--slowly, but down.

New jobs created are very close to or below the 125-150K new people that enter the work force every month.
 
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Demand is the willingness and ability to purchase a good or service at a given price. If something is not for sale, then there can be no demand for it in an economic sense.


There isn't enough demand for things that are for sale, like cars and motor oil for example, or car manufacturers would invest and build more cars. Suzuki wasn't selling enough cars so they have pulled out of the market--the cars were there, but not the demand. With the cost of borrowing right now money is essentially free for large companies, but they are not investing due to the lack of demand.

You can believe whatever you want, but the facts remain the same.
 
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What will new college grads be doing after graduation with no jobs ?

The best way to get a job is to know a person within an organization.
 
Financial crises are always followed by long, sluggish periods.....nothing new. We'll adapt, somehow, some way. Some parties will have to evolve and adapt as well. Move along...

As Darwin said, it's not the the strongest that survive, but those that can adapt to change the best. Some can not. We know who these folks are.
 
Originally Posted By: LT4 Vette
What will new college grads be doing after graduation with no jobs ?



I have a pretty good idea of what...end up at Enterprise Rent a Car making $10/hr. This country is [censored] right now...
 
Maybe cooking waffle fries and chicken at their local Chick-Fil-A ?
BTW, their spicy chicken club sandwich with cheese is so delicious.

At my old job it seemed we could never find enough people that wanted to go into this field even though they had paid internships / training.
 
Originally Posted By: LT4 Vette
What will new college grads be doing after graduation with no jobs ?


They`ll be working at the mall.
 
When I was a kid it wasn't all that uncommon for people to have worked only a few places. People were loyal to their employer and the employer was more loyal to their workers than they are now. I've only worked at 2 places basically. However I left the first one because the owner had got the poor me attitude and wouldn't give out any kind of raises to people that were trying. However he didn't have any problem with his kids soaking him for everything they could and having repairs done on his home and then billing the company under things like moving and rewiring in a machine. The only reason I have stayed at the present place is because of the pay and the benefits. The company has made it pretty clear that they talk a lot about being a team, but have little interest in doing things that would actually help. However they also have no problem with buying machines that end up either sitting or not able to do what they were bought for reliably.
 
Even Walmart had layoffs at their corporate office a while back.

I know a guy who was a manager at a hospital and was laid off because they wanted to cut middle management positions. He juggled 5 job titles and had 33 years at the same hospital. Even nurses are being laid off and vacant job openings never being filled.
 
Originally Posted By: JOD
Originally Posted By: Win
Really, what reason is there to create jobs in this country?

To be told you didn't build your business? To be told how to run it by more and more regulations? To be taxed harder as evil rich if you succeed and do well?

At some point, enough is enough.



That is such absolute garbage... Taxes are at historic lows, lower than the "great Reagan years", particularly at the top income levels. While do people insist on believing rhetoric over facts?


Because real facts are easily perused at the IRS website?

Simply put, the so called rich pay the OVERWHELMING majority of taxes already. As one alleged "rich" guy said recently, "I don't mind paying more taxes, I just hate that they WASTE it!"

The whole percentage argument is where the baloney lies. Why do some people imagine that Politicians tell the truth?

I believe that last election is a huge milestone in the wrong direction from the values that made this country great.
 
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