61–70 of 348 posts
I hate these kinds of numbers because they hide the fact that most of these jobs do not provide a living wage.
Earlier quoted context omitted.
There is a worse not so hidden cost. The deficit is going from $600B to $1T, almost doubled. Instead of the government borrowing $3000 a year in my name it will be borrowing $5000 a year in my name which I or my children will have to pay back at some point. This way, down here in the South, all the dumb as coal red necks are very, very happy with their manual labor job that they drive their pickup to in the morning.…
>which I or my children will have to pay back at some point Which is not as relevant as you think, since if your kids have to pay it in 50 years, deflation will have made it effective 1/4 as much or so. And if the current spending results in more total wealth at that point than if the spending was not done, then everyone is better off. Not all deficit spending is bad economics, in the same way buying a house or payin…
- In 2017 the combined reshoring and related foreign direct investment (FDI ) announcements surged, adding over 171,000 jobs in 2017. he U.S. had gone from losing net about 220,000 manufacturing jobs per year at the beginning of the last decade, to adding net 30,000 jobs in 2016. http://reshorenow.org/blog/reshoring-initiative-2017-data-re...
- Within the United States, growth also has become more balanced across industries. As in past years, the service sector, supported by growth in employment and real wages, has grown steadily with increases in retail trade, business services, personal services and construction activity. https://digitalcommons.unl.edu/bbrbin/166/
- Job-hopping increases, in possible boon to wage growth and productivity https://www.wsj.com/articles/in-this-economy-quitters-are-wi...
We're also 9 years away from the end of the last recession. The longest we've gone without a recession in the past 100 years is 10 years.
"For the first time in recorded history, the number of job openings is higher than the number of people looking for a job." So what? If there's a thousand Node developers like me looking for work, and a thousand job openings for dentists, that's a mismatch. You may say beggars can't be choosers, but do they expect Node developers who went through CS courses to throw that away and take dentist courses?
We're also 9 years away from the end of the last recession. The longest we've gone without a recession in the past 100 years is 10 years.
We'll likely have an inverted yield curve before the end of 2018 for sure. Go back in history to see the correlation to past recessions: https://fred.stlouisfed.org/series/T10Y2Y Obviously it's not as simple as that but it certain implies that something uncommon is happening in the financial markets.
Earlier quoted context omitted.
The openings seem to be largely in trades or nonskilled labor: > Competition for workers has gone crazy, Joe McConville, who co-owns a popular chain of made-from-scratch pizza restaurants, told me. “At almost every restaurant that I’ve worked at, you always had a stack of applications waiting,” he said. “You’d call somebody up and half the time they're still looking for an extra job. That’s not happening anymore.” >…
“There are not a lot of welders sitting around looking for work." That's a good thing. Welding is hard to learn and takes a lot of practice to get right. There shouldn't be people sitting around idle with that skill. Ask employers who are whining about a shortage of skilled labor "how many people do you have in training right now?"
I hate these kinds of numbers because they hide the fact that most of these jobs do not provide a living wage.
Hey, how about instead of requiring employers to pay more we reduce the cost housing, medicine, and schooling which are the biggest drains on people expenses.