[QUOTE] It seems like everywhere you look businesses are hiring. About 70% of U.S. industries added jobs in November.
That explains how the U.S. economy added 321,000 jobs in November, blowing past even the most optimistic expectations. The government's monthly jobs report released Friday showcased that 2014 is heading to become the best year for job growth this century. [/QUOTE]
[url]http://money.cnn.com/2014/12/05/news/economy/jobs-hiring/index.html?iid=SF_E_Lead[/url]
Yet wages remain low.
[QUOTE=LoganIsAwesome;46646389]
Yet wages remain low.[/QUOTE]
The labor market is getting smaller while demand for it rises, we may begin to see some wage inflation soon.
[QUOTE=LoganIsAwesome;46646389]
[U]Yet wages remain low.[/U][/QUOTE]
Do you really think just giving people more money wouldn't have adverse effects on the economy?
EDIT: Also labor participation matches that of the 70's at 62.8% bringing the unemployed number from last month to 11.4% which was only .1% less than October. Also a third of these jobs are either temp or retail entry level jobs. And that's not counting the very broad 86,000 jobs in the "professional and business services".
[QUOTE=LoganIsAwesome;46646389]
Yet wages remain low.[/QUOTE]
one thing at a time, people working is more money than they were making without working
What is seasonal work?
Seriously though, this looks to be an upward trend. Happy to see it happening.
[QUOTE]Consumers are spending again in a year of strong economic growth, driven by low energy prices and pent-up demand for cars and homes. [/QUOTE]
[QUOTE=Smallheart;46646455]What is seasonal work?[/QUOTE]
Temporary jobs, such as sales jobs during the Christmas season. For example, I'm working at EB Games / GameStop as a temp on a 3-month contract.
[QUOTE=Prez;46646466]Temporary jobs, such as sales jobs during the Christmas season. For example, I'm working at EB Games / GameStop as a temp on a 3-month contract.[/QUOTE]
I'm sorry, I was being a sarcastic asshole. <3 I am happy about the job growth though, and congrats on the gamestop position! :)
[QUOTE=Smallheart;46646481]I'm sorry, I was being a sarcastic asshole. <3 I am happy about the job growth though, and congrats on the gamestop position! :)[/QUOTE]
Oh haha I didn't realize, but thanks! :D
[QUOTE=X12321;46646446]Do you really think just giving people more money wouldn't have adverse effects on the economy?[/QUOTE]
They have more money to pay off debt? Taxes? Mortgages and car payments? Leisure money?
High wages have a huge impact on the economy. It enables people to spend, which causes demand, which creates jobs.
[QUOTE=LoganIsAwesome;46646514]They have more money to pay off debt? Taxes? Mortgages and car payments? Leisure money?
High wages have a huge impact on the economy. It enables people to spend, which causes demand, which creates jobs.[/QUOTE]
What happens to the cost of products from companies that have to now spend more on their employees? The price of rent? The price of houses? Do you really think people aren't going to raise prices because people have more money? It's capitalism...
[QUOTE=X12321;46646570]What happens to the cost of products from companies that have to now spend more on their employees? The price of rent? The price of houses? Do you really think people aren't going to raise prices because people have more money? It's capitalism...[/QUOTE]
And keeping people ridiculously poor/paycheck to paycheck isn't doing them any favors. People need to have decent living wages in order to spend money on superfluous bullshit they don't need, which is what most of the retail sector survives on.
It seems it's mostly low-paying jobs, but as stated before any work is better than none. The gap between upper and lower class still scares the shit out of me.
[QUOTE=TestECull;46646615]And keeping people ridiculously poor/paycheck to paycheck isn't doing them any favors. People need to have decent living wages in order to spend money on superfluous bullshit they don't need, which is what most of the retail sector survives on.[/QUOTE]
No matter what you change the wage to everything they were struggling to pay before will scale with their new wages.
I'm not saying there isn't a problem with minimum wage and living conditions of people who make minimum wage but simply raising minimum wage will not fix it. We live in a capitalist society with no regulation.
[QUOTE=X12321;46646638]No matter what you change the wage to everything they were struggling to pay before will scale with their new wages.
I'm not saying there isn't a problem with minimum wage and living conditions of people who make minimum wage but simply raising minimum wage will not fix it. We live in a capitalist society with no regulation.[/QUOTE]
Uh? At a time when the middle class is collapsing, more people are living in poverty and wealth inequality is at its highest, greater wages won't hurt the economy at all and kill two birds with one stone. Capitalism does need regulations and that's why we need real reform.
[QUOTE=X12321;46646570]What happens to the cost of products from companies that have to now spend more on their employees? The price of rent? The price of houses? Do you really think people aren't going to raise prices because people have more money? It's capitalism...[/QUOTE]
As long as the minimum wage doesn't shoot to Mars or something, almost nothing will change in a noticeable way. People will have more to spend making up for companies losing a small fraction of their profit to pay employees. Once minimum wage increases start massively exceeding inflation it becomes a bit of a problem, however minimum wage in the US has barely moved for ages whilst inflation has carried on like nothing happened.
Expect some kind of dip in January when some of those are laid off for the season.
[QUOTE=LoganIsAwesome;46646710]Uh? At a time when the middle class is collapsing, more people are living in poverty and wealth inequality is at its highest, greater wages won't hurt the economy at all and kill two birds with one stone. Capitalism does need regulations and that's why we need real reform.[/QUOTE]
Failed markets need regulation. Lots and lots of regulation.
[QUOTE=Code3Response;46647243]Failed markets need regulation. Lots and lots of regulation.[/QUOTE]
Wall-street needs regulation, too.
[QUOTE=Code3Response;46647243]Failed markets need regulation. Lots and lots of regulation.[/QUOTE]
regulation is complicated.
some regulations are certainly necessary and effective.
some regulations are lobbied into law by corporations as a way of putting up barriers to entry, so as to stifle competition.
some regulations, while well intentioned, are far too convoluted for their own good. in an attempt to make legislation holistic, it can have the side-effect of being difficult for legislators to implement, hard for businesses to understand and comply with, and difficult for agencies to enforce.
the most effective kinds of regulations are ones that are clear, concise, and easy for businesses to comply with.
Not exactly middle class jobs though. A lot of these jobs still pay shit.
I'd like to see the government invest a ton in internet infrastructure, putting down high speed cables all over the country. It would create both lower class construction jobs and middle class tech jobs.
320k being low paying, low hour jobs.
[QUOTE=Tmaxx;46647754]320k being low paying, low hour jobs.[/QUOTE]
Working anything is better than not working at all
[QUOTE=X12321;46646446]Do you really think just giving people more money wouldn't have adverse effects on the economy?
EDIT: Also labor participation matches that of the 70's at 62.8% bringing the unemployed number from last month to 11.4% which was only .1% less than October. Also a third of these jobs are either temp or retail entry level jobs. And that's not counting the very broad 86,000 jobs in the "professional and business services".[/QUOTE]
Worked every time we have had massive growth, apparently middle class aren't so hordey with their cash like the rich are
[QUOTE=proboardslol;46647634]Not exactly middle class jobs though. A lot of these jobs still pay shit.
I'd like to see the government invest a ton in internet infrastructure, putting down high speed cables all over the country. It would create both lower class construction jobs and middle class tech jobs.[/QUOTE]
most of those jobs are temporary.
no doubt, infrastructure should be invested in, but the primary reason for that investment should be increasing the overall efficiency of the economy; the job growth comes primarily from business becoming cheaper and more productive.
[QUOTE=Code3Response;46647801]Working anything is better than not working at all[/QUOTE]
Honestly, if you aren't making a livable wage, and have no one to help you if things go south, Minimum wage job or even a bit higher wont help, especially since many places are not hiring full time workers so they don't have to pay extra for benefits.
[QUOTE=X12321;46646446]Do you really think just giving people more money wouldn't have adverse effects on the economy?
EDIT: Also labor participation matches that of the 70's at 62.8% bringing the unemployed number from last month to 11.4% which was only .1% less than October. Also a third of these jobs are either temp or retail entry level jobs. And that's not counting the very broad 86,000 jobs in the "professional and business services".[/QUOTE]
Ha, yeah, except minimum wage is $7.25. In 1979 it was $2.90, but in modern dollars that's the buying power of $9.48. People are earning less than they did in the 70's, despite huge increases in productivity.
Wages are unfairly low, even for entry level jobs. There should be no argument about that - the minimum wage needs to rise to at least 10 dollars and then be pinned to inflation in every state.
[QUOTE=Emperor Scorpious II;46647235]Expect some kind of dip in January when some of those are laid off for the season.[/QUOTE]
I think the monthly jobs report controls for seasonal employment. It might not account for all of them if MORE seasonal people are hired this year than last year, but generally the methodology controls for those hires.
[editline]6th December 2014[/editline]
[QUOTE=Code3Response;46647801]Working anything is better than not working at all[/QUOTE]
By that logic, slavery is better than unemployment.
"Be happy you have a job!" is manipulative bullshit that is used by employers to force employees to eat shit and accept wages and working conditions they have no business accepting.
300k jobs yet I still don't have one.
[QUOTE=Used Car Salesman;46651323]
By that logic, slavery is better than unemployment.
"Be happy you have a job!" is manipulative bullshit that is used by employers to force employees to eat shit and accept wages and working conditions they have no business accepting.[/QUOTE]
Wat.
[QUOTE=Used Car Salesman;46651323]By that logic, slavery is better than unemployment.
"Be happy you have a job!" is manipulative bullshit that is used by employers to force employees to eat shit and accept wages and working conditions they have no business accepting.[/QUOTE]
I feel like you're skewing this more than it needs to be.
Having [I]employment[/I] and [I]income[/I] is good. Whether or not it's worth losing possible government benefits is a tougher choice.
Sorry, you need to Log In to post a reply to this thread.