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And exactly what will you do about it? I try not to angst about things I cant change.
what about automation putting people out of work faster than the economy can replace their jobs? will you care then, CC?
And exactly what will you do about it? I try not to angst about things I cant change.
a jobs guarantee might not be a bad policy if the country had too many people out of work. full employment is a live topic in economics.
Guess we could go back to the CCC with work camps.
sure, why not?
might look like the New Deal, might look like something else.
what forms it would take might be formulated at a local level -- by cities and counties setting public priorities and putting people to work to execute them locally.
Wonder how many people DM'd CC on that job? Either ST is so far elitist that $80k is beneath them or there not a quality person looking for a good wage with a little work. Either way, it's an opportunity to either make bank or see if he's full of it.
There's outfits that claim to train you to pass that weld level within a few months.
"Right out of school" means entry level. 3 dollars an hour = 6200.00 a year for a 40 hour work week, hardly justifies the difference between the mean I showed you and the hyperbole being claimed in this thread.
If you've ever done hourly work for someone else, you know that the pay difference between a slouch and the best guy on the team is not commensurate with ability. The strong keep the week afloat and the employers only look at the net. Low level managers are supposed to weed out the chaff but they often don't, opting instead to focus their efforts where it will have the most immediate impact: pressure on performers to do more.
This is how it goes when you work for someone else. You cannot expect to get contractor level money with the comfort of nesting inside a corporate payroll.
Last edited by DMC; 05-05-2018 at 02:06 PM.
Or option 3: No one here wants to be a welder. Gee I cannot imagine not wanting to glue together for a living.
That was option two.
good wage with a little work
Your claiming false victories. I only have one full time guy and some seasonal. Where have I said that I am looking for another full time employee? The guy was good so I made sure I kept him for the remainder of harvest.
Not sure why you continue to use the corporate scenario. It works different. Your chaff wouldn't last two weeks in a small business scenario.
I've worked hourly before.
Unemployment is less than 4% this robot crises is a little absurd given that technology also creates jobs no one imagined 15-20 years ago. best thing to do is not doing any unskilled laborerers any favors by pricing them out of the labor pool. Minimum wage should go up some but $15 an hour is absurd. Heck raising it to $8.75 or $9 an hour would be a big boost to millions and millions of people but insulting to the far left boutons bernie bro re crowd. Plus 15 would murder small businessin the country especially in rural areas
Bull . There are plenty of jobs that require work other than welding.
Last I checked migrant farm workers don't get unemployment.
The narrative of the tax break was that we would see increased wages. It was horse . Income inequality still grows.
I have no idea about migrant workers. All local guys. Ironically, the guy I'm talking about is collecting unemployment. And he's working for another farmer. uva worker with a great head on his shoulder, but I'm not playing the pay in cash game. Local cement guy collects unemployment all winter also. Ice fishes all winter, does it every year.
HSA? workers from South Africa are becoming popular here. I think you need to provide housing and the Govt pays half their wages. They speak English, hard working, and they're all been pretty decent. I think that's an Ag only deal which is fortunate since they'd replace a lot more ty Americans.
perhaps a one-size fits all minimum wage -- i.e., the kind we've always had -- won't work as well in the country as the city. perhaps automation will create as many jobs as it kills. both reasonable prognostications.
it's also reasonable to guess that things might turn out otherwise -- automation leading to mass unemployment, full employment policies leading to greater prosperity generally:
“The single most encouraging study on the idea of a job guarantee comes from India, whose National Rural Employment Guarantee Scheme is meant to offer a permanent, guaranteed source of income for rural farmers during the dry season. A group of economists — UC San Diego’s Karthik Muralidharan and Paul Niehaus and the University of Virginia’s Sandip Sukhtankar — conducted ahttps://www.vox.com/2018/4/27/172816...ederal-reserverandomized experiment and found that the program raises earnings for low-income households by 13.3 percent, mostly because it bid up wages in the private sector. It also increased employment in the private sector, amazingly.”
the preeminently respectable hypothesis that the minimum wage kills jobs, is not conclusively supported by the data.
that hypothesis is BigCorp/Capitalist propaganda to keep money flowing to businesses and not to employees. It's ING transparent bull .
America's putrid wage growthPeople are getting jobs.
But are the jobs everyone's getting any good?
Do they pay well?
Thus far the answer is largely no.
And grappling with that fact requires an unpleasant review of economic policymaking over the last few decades.
Not surprisingly, in the 1970s, an organized business lobby first really emerged on a national scale, pushing for deregulation and a rollback of worker power.
( IOW, the VRWC/Capital got organized to suppress, to devastate Labor )
Unionization levels began to decline in earnest,
as businesses got serious about beating back labor.
The turn toward right-wing economic policy began, culminating in the Reagan revolution.
Fed Chair Paul Volcker crushed inflation by hiking interest rates into the stratosphere.
This set off a massive recession in 1981 — rivaling the 2008 collapse in some ways.
Millions of working-class Americans were thrown out of jobs for years, and already-struggling unions went into a tailspin.
This devastation wasn't an unfortunate side effect. It was kind of the point.
Business lobbying, bipartisan drives for less public investment, Federal Reserve policy:
All of it is built on the implicit assumption that
properly managing the economy requires breaking workers' bargaining power and
continuously swatting down their demands for better compensation.
http://theweek.com/articles/771456/americas-putrid-wage-growth
Real wages aren't going ever to reach that of the '45-'75 boom years. The Captial-ist oligarchy runs the country, which means ing over Labor in every orifice.
I read a comment where the "gig economy" is Capital's total victory over Labor.
The strange thing about America’s historically low unemployment rate
A natural mystery
Although no one knows what the NAIRU really is at any given moment,
there are ways to estimate it with varying levels of precision.
A lot rides on this number, however imprecise it is.
At the moment, amid low unemployment, the Fed has been steadily raising interest rates.
If it has over-estimated the NAIRU, it risks needlessly crimping economic growth, subjecting people to unnecessary unemployment and depressed wages.
Anyway, it seems like the whole idea of a natural rate might be bunk.
Unemployment in the US is low, at 3.9%, which is presumably below the natural rate.
At the same time, inflation isn’t much above 2%, which the Fed considers its long-run target.
If there is no natural rate, why should the Fed continue to hike interest rates?
Maybe it can let the unemployment rate drift down to 2%, or even lower, without the risk of runaway inflation.
https://qz.com/1272656/nairu-and-the-phillips-curve-the-strange-thing-about-the-low-us-unemployment-rate/
According to Warren Mosler "we haven’t yet to recover from the last recession...due to an ongoing lack of demand"
Why Aren’t More Men Working?
https://www.nytimes.com/2018/06/15/b...ment-jobs.html
one upside of this is, if wages do rise, there could be a consumer led recovery, which some people say we're only a year and a half into.
big, if true.
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