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Americans' fear of losing their jobs grows

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Re: Americans' fear of losing their jobs grows

#51

[flagged]

Forget the media, ask the former Federal Reserve president who literally wrote that "if the goal of monetary policy is to achieve the best long-term economic outcome, then Fed officials should consider how their decisions will affect the political outcome in 2020."

[1] https://www.bloomberg.com/opinion/articles/2019-08-27/the-fe...

Re: Americans' fear of losing their jobs grows

#52
post #40

Earlier quoted context omitted.

Maybe from that one data point. But in general, it's very clear that the U.S. favors GDP over human life. There's plenty of data and examples to prove it. The price of medication, the cost of healthcare, homelessness, the people we kill in the Middle East, etc.

And yet, America is directly responsible for the lifting of a billion people out of poverty through trade - far more than any social assistance program in history.

Not because of any value for human life. The economy only cares about human life insomuch as a person's productivity and spending power.

Re: Americans' fear of losing their jobs grows

#53
post #5

The United States is weird in that you are defined, here, by your job or profession. TV shows put your job title under your name when you appear on them. People's first question is always "What do you do?" at parties and at events. In other countries, this isn't always the case. When I'm in Europe, people ask where you're from, what's for dinner, and what's happening? The question of your job is rarely asked up front…

I think it’s a bit of a leap to go from people identifying themselves by their profession to not valuing human life as a country.

Not much of a leap though. We sell a much bigger majority of our waking hours to live. With less economic security, people constantly have to move away from friends, family and community to stay employed. End result, we end up constantly working and alienated from each other. When you consider that “human life” can and SHOULD mean so much more than “having a pulse”, I don't think the parent comment was inaccurate at all.

Re: Americans' fear of losing their jobs grows

#54
post #43
post #5

The United States is weird in that you are defined, here, by your job or profession. TV shows put your job title under your name when you appear on them. People's first question is always "What do you do?" at parties and at events. In other countries, this isn't always the case. When I'm in Europe, people ask where you're from, what's for dinner, and what's happening? The question of your job is rarely asked up front…

These silly “American bad Europe good” comments always find their way into these discussions, and they are as uninsightful as “if you aren’t the customer you’re the product!”. An equally uncharitable interpretation is: American culture, unlike European, places incredible value on personal agency. We ask each other “what do you do” because we actually have the socially enforced freedom to choose what the answer to the…

Interesting double take on the situation

Re: Americans' fear of losing their jobs grows

#55
post #40

Earlier quoted context omitted.

Maybe from that one data point. But in general, it's very clear that the U.S. favors GDP over human life. There's plenty of data and examples to prove it. The price of medication, the cost of healthcare, homelessness, the people we kill in the Middle East, etc.

And yet, America is directly responsible for the lifting of a billion people out of poverty through trade - far more than any social assistance program in history.

Didn't the US have only about 330 million people or so?

Re: Americans' fear of losing their jobs grows

#57
post #48

> Americans' fear of losing their jobs Unemployment rate in the US is only 3.7% (July 2019) Employee fears that they are replaceable and the truth is that most of them are. So they are working hard, they perform, they are productive and economy is better than it has ever been! I am french and where I worked it is nearly impossible to fire a long-term contract employes (CDI). Most of them do less than the bare minimum…

Unemployment rate is an essentially-fraudlent statistic.

Changes in the labour force participation rate are more revealing: https://data.bls.gov/timeseries/LNS11300000

Re: Americans' fear of losing their jobs grows

#58
post #35

I think this reflects a general erosion of trust between employers and employees, which I blame Corporate America for. It used to be a tacit agreement in the workforce that if you worked hard, the boss and the company would take care of you. This illusion has been shattered first by the employers (outsourcing, at-will employment, gig economy), and now the employees (ghosting, switching firms without notice). The lack…

The employees also chose to patronize businesses that outsourced and offered lower prices. Other than forcing Americans to buy products made with American labor, what options are there?

Choice is a really funny word when it comes to employees. Most employees don't have a "choice" if you look a little further beyond the surface.

Re: Americans' fear of losing their jobs grows

#59
post #29

That's why we need universal basic income

UBI is an interest concept but it wouldn't solve this. If you go from e.g. $5K/month (job) to $1K/month (UBI) you'd still have to adjust your living standards (and if people expect to lose their jobs, even with UBI, they'd still make more cautious decisions which would still trigger the same indicators). UBI and other social safety nets are "good ideas." But they aren't a one size fits all solution to every problem.…

Still better than going from $5k/month to $0k/month.

No solution are one size fit all solution to every problem. What is your point?

Re: Americans' fear of losing their jobs grows

#60
post #35

I think this reflects a general erosion of trust between employers and employees, which I blame Corporate America for. It used to be a tacit agreement in the workforce that if you worked hard, the boss and the company would take care of you. This illusion has been shattered first by the employers (outsourcing, at-will employment, gig economy), and now the employees (ghosting, switching firms without notice). The lack…

The employees also chose to patronize businesses that outsourced and offered lower prices. Other than forcing Americans to buy products made with American labor, what options are there?

Maybe something akin to the “buy local” initiative, but on a national level. That said buy local has its issues like not all locales being able to “buy local” and sometimes subsidizing local producers is counterproductive (effort to overcome specialization is too costly), etc.

That said a framework which ensured some minimum requirements (like labor laws and environmental controls, work safety, etc.), could be a place to start.

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