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US Job Openings Decline to Lowest Level in More Than a Year

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Re: US Job Openings Decline to Lowest Level in More Than a Year

#131

Post by estearum »

femiagbabiaka wrote: post #85
OGEnthusiast wrote: post #60

Earlier quoted context omitted.

The US needs an offshoring tax. If you want to sell to Americans you also need to hire Americans.

Trump has made the idea of mafioso politics popular -- where you hold everyone hostage until they do what you want -- but that doesn't actually mean that it's good policy.

Nor is it popular once actually realized. It's mostly for dumbasses to go "rah rah" thinking they'll be at the top of the pyramid. The problem with this form of governance is it puts the most vicious, selfish, and brutal people at the top. Those are rarely the most intelligent and (obviously) never the most magnanimous.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#132

Post by estearum »

toomuchtodo wrote: post #67
pjc50 wrote: post #64

Earlier quoted context omitted.

shrug enjoy paying more taxes for your consumption, I guess.

Yes, I do want to pay more to bolster my country's domestic workforce vs subsidizing corporate shareholders and offshore workers, while also having that come out of corporate profits. shrug

You can just buy US-made products...

How many American-made garments are in your closet right now?

Or is this more of an imaginary preference you're expressing right now?

Re: US Job Openings Decline to Lowest Level in More Than a Year

#133

Post by tonyedgecombe »

thehumanmeat wrote: post #26
candiddevmike wrote: post #15

Earlier quoted context omitted.

My hotter take: we're in an economic death spiral. There isn't enough juice that can be squeezed short of mass wealth redistribution to reinvigorate the economy, and what is out there is locked up in stocks that don't translate to revenue. Slashing rates will just skyrocket prices and over inflate our monetary supply, and further tax cuts will only whittle away what's left of government services and social safety net…

My hotter take: We've been in a depression since '08 https://fred.stlouisfed.org/graph/?g=cMV

I don’t know about the US but growth in the UK has been anaemic since the financial crisis.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#134

Post by toomuchtodo »

estearum wrote: post #132
toomuchtodo wrote: post #67

Earlier quoted context omitted.

Yes, I do want to pay more to bolster my country's domestic workforce vs subsidizing corporate shareholders and offshore workers, while also having that come out of corporate profits. shrug

You can just buy US-made products... How many American-made garments are in your closet right now? Or is this more of an imaginary preference you're expressing right now?

Not imaginary, I have been sharing info with Congressional reps on this topic who are working on policy, as well as the data on H-1B fraud and use for wage suppression. I haven't even had to pay a bribe ("campaign contribution") to get their ear, which is nice.

> How many American-made garments are in your closet right now?

This is a tired argument. The electorate was told "not to worry, we're offshoring the low value work so we can focus on high value work." Then, they offshored and automated the high value work.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#135

Post by b00ty4breakfast »

saubeidl wrote: post #29
candiddevmike wrote: post #15

Earlier quoted context omitted.

My hotter take: we're in an economic death spiral. There isn't enough juice that can be squeezed short of mass wealth redistribution to reinvigorate the economy, and what is out there is locked up in stocks that don't translate to revenue. Slashing rates will just skyrocket prices and over inflate our monetary supply, and further tax cuts will only whittle away what's left of government services and social safety net…

My even hotter take: This was always the inevitable result of shareholder capitalism. The only outcomes left are either unchecked descent into fascism as oligarchs consolidate power and finish their government takeover before their current power base falls apart, or a successful socialist revolution. This is what it's always been leading to.

there is a saying that fascism is capitalism in crisis. I don't think this reactionary crisis response is restricted to capitalist economies or fascism. though. We can see this, for just one example, in the various persecutions of Jews in Europe during the middle ages any time there was a crop failure or a plague or some similar disaster.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#136

Post by loeg »

iamtheworstdev wrote: post #57
garciasn wrote: post #24

Earlier quoted context omitted.

https://fred.stlouisfed.org/series/FYFRGDA188S Federal Receipts as a Percent of GDP measures total government revenue relative to the size of the economy, serving as a standardized way to track the federal tax burden over time. Although the top marginal tax rate in the 1950s indeed exceeded 90%, federal receipts hovered around 17% of GDP; this was nearly identical to current levels, because loopholes and high income…

no one pays the top rate today either. I've spent a large chunk of my adult life in the top 5% of income earners and I've never had an effective tax rate over 17% that I can recall.

Your experience as a 95 %ile earner does not negate that people in the 99 %ile of earners pay the top rate. (I paid the top rate last year.)

Re: US Job Openings Decline to Lowest Level in More Than a Year

#137

Post by theultdev »

CursedSilicon wrote: post #110
theultdev wrote: post #76

Earlier quoted context omitted.

From someone who is close to the energy sector that's simply not true. There's been so many EOs from Democrat presidents that cause hugely negative disruptions in the industry.

Weird that you felt the need to specify Democrats Is this something Republicans have simply never done until now?

I was giving a specific example for one industry.

Noting the political party was just a detail.

But yeah plenty of examples of R presidents for other sectors in the past I'm sure too.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#138

Post by jeffbee »

loeg wrote: post #123
jeffbee wrote: post #120

Earlier quoted context omitted.

Maybe this isn't what you meant, but Millennials are the larger generation and they just finished aging into the workforce category.

The youngest Millennials were 18 in 2014 and 22 in 2018. At this point, it's the smaller Gen Z entering the workforce, not Millennials.

Let me put it another way: the [20, 25) and [25, 30) age cohorts are larger than any cohort aged 50+ that might have recently aged out. So that "prime age" workforce is still growing.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#139

Post by estearum »

toomuchtodo wrote: post #134
estearum wrote: post #132

Earlier quoted context omitted.

You can just buy US-made products... How many American-made garments are in your closet right now? Or is this more of an imaginary preference you're expressing right now?

Not imaginary, I have been sharing info with Congressional reps on this topic who are working on policy, as well as the data on H-1B fraud and use for wage suppression. I haven't even had to pay a bribe ("campaign contribution") to get their ear, which is nice. > How many American-made garments are in your closet right now? This is a tired argument. The electorate was told "not to worry, we're offshoring the low valu…

The question was how many American-made products you own.

You are aware we do make many things in America today, right?

> Then, they offshored and automated the high value work.

Huh? American workers are more productive than ever, and vastly more productive than workers anywhere else in the world.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#140

Post by asperous »

standeven wrote: post #80
jibe wrote: post #44

https://fred.stlouisfed.org/series/JTSJOL Job openings are still very high, ~30% higher than the average for the last few decades.

Shouldn’t job openings always trend upwards with increasing population?

FRED lets you control for population actually! It does flatten the change a bit but it's still a bump: https://fred.stlouisfed.org/graph/?g=1Q8J6
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