Job Numbers Are Out

[Bonam]

Workers back east ... why don't they come and get them?

I know one reason why Alberta is crying for qualified workers ... because they are not producing them.

The high school dropout rate is very high, and only half of the graduates go on to postsecondary.

If Alberta needs workers, maybe they should try training some of their own.

I saw that info on tv this week ... an oil company HR person going on and on about the need for workers. When the interviewer gave her the info about Alberta dropouts, she was absolutely STUNNED ... had no idea!

What kind of employers don't even know that kind of info?

Pretty pathetic ...

It's not really an HR's person's job to know about high school dropout rates. Of course, a generally well informed citizen might know such things about their province, but there's nothing about that stat that makes it part of their job. What is the oil company gonna do? Send their oilmen out to drag people back to classes?

[dre]

Because raising interest rates would be far more effective in getting people to quit this maddening borrowing, plus it benefits the bondholders and those with interest paying savings accounts.

No, they're both at fault, the boc for wanting low interest rates and the gov't for rubber-stamping it. Much like a pregnancy, both parties are to blame.

Because raising interest rates would be far more effective in getting people to quit this maddening borrowing, plus it benefits the bondholders and those with interest paying savings accounts.

If people stop the "maddening borrowing" the system will collapse. Thats why both the governments and the banks have been pushing credit on people so hard. There is not enough currency in circulation to pay back all the loans! Its basically like a pryamid scam. The only way todays borrowers can pay off their debts is if theres always a fresh cycle of borrowers expanding the money supply.

Do you know what would happen if people paid off their debts? We would be back to direct barter because there would be NO MONEY.

[blueblood]

No, that's not what needs to happen, and you won't hear anyone with any economic knowledge advocate that.

Oh really...

My link

So you want to go with the policy of cheap money that got us into this situation? Hiher interest rates are needed and as the saying goes buckleys tastes bad but it works.

I'll go with the guy who called it.

Edited November 7, 2011 by blueblood

[Smallc]

I'll go with people like Carney and Flaherty....and the chief economists of the Canadian banks.

[blueblood]

Unh ... NO!

You are stuck in the '90's mantra.

Today the issue is not workers' wages, which have dropped far behind.

NOPE ... today the issue is the fact that the 1% criminal parasites are sucking the wealth from the rest of us for no valid reason other than greed.

And btw, a 1%'r is defined by accumulated wealth, not income.

Nice to see that you move the goal posts when it suits you. Everyone else calls it by income. The only parasites are at the occupy protests.

You should enroll in some finance classes, they're free to retires people.

[bush_cheney2004]

Nice to see that you move the goal posts when it suits you. Everyone else calls it by income. The only parasites are at the occupy protests.

Yes, and it wasn't even subtle. Now they are after wealth...no surprise.

[blueblood]

I'll go with people like Carney and Flaherty....and the chief economists of the Canadian banks.

So you'll go with the people who are inflating this bubble with a cheap money policy?

Did carney and flaherty predict the USA housing bubble? We listen to them, it's 1980s Saskatchewan all over again.

[blueblood]

Workers back east ... why don't they come and get them?

I know one reason why Alberta is crying for qualified workers ... because they are not producing them.

The high school dropout rate is very high, and only half of the graduates go on to postsecondary.

If Alberta needs workers, maybe they should try training some of their own.

I saw that info on tv this week ... an oil company HR person going on and on about the need for workers. When the interviewer gave her the info about Alberta dropouts, she was absolutely STUNNED ... had no idea!

What kind of employers don't even know that kind of info?

Pretty pathetic ...

Do you know what kind of people they take for roughnecks? Anybody! You can be white trash and get a job out there, that's where they all go from my town.

[bush_cheney2004]

If people stop the "maddening borrowing" the system will collapse. Thats why both the governments and the banks have been pushing credit on people so hard. There is not enough currency in circulation to pay back all the loans!

False...lending qualification has tightened up significantly from before.

Do you know what would happen if people paid off their debts? We would be back to direct barter because there would be NO MONEY.

False again...do not confuse money with currency.

[Smallc]

So you'll go with the people who are inflating this bubble with a cheap money policy?

Canadian banks and regulators haven't steered us wrong so far. Increasing interest rates now would be economic suicide.

[blueblood]

Canadian banks and regulators haven't steered us wrong so far. Increasing interest rates now would be economic suicide.

No it would be a real bad economic hangover.

This is whats going on in the housing market regulations and all.

My link

My link

Let the rates rise and let's get it over with.

[dre]

False...lending qualification has tightened up significantly from before.

False again...do not confuse money with currency.

No both those statements are absolutely true. If you learned a little bit about how the banking system works it would become apparent to you pretty fast. Bank Lending in our system is not lending, its monetary expansion. 95% percent of all dollars in existance was created as bank credit. By the very nature of the system there can never be enough money in circulation to pay back all the debt.

[bush_cheney2004]

No both those statements are absolutely true. If you learned a little bit about how the banking system works it would become apparent to you pretty fast. Bank Lending in our system is not lending, its monetary expansion. 95% percent of all dollars in existance was created as bank credit. By the very nature of the system there can never be enough money in circulation to pay back all the debt.

No, you are wrong because "money" can exist in the complete absence of fractional banking. You are so consumed by your own rhetoric that you are missing other elements of the economic landscape.

[dre]

No, you are wrong because "money" can exist in the complete absence of fractional banking. You are so consumed by your own rhetoric that you are missing other elements of the economic landscape.

No, you are wrong because "money" can exist in the complete absence of fractional banking.

Like I said... 95% of all currency in existance was created as interest bearing bank credit. This is how money is created in our system, and this is what determines the size of the money supply. If you dont want to take my word for it then go do a little research.

[bush_cheney2004]

Like I said... 95% of all currency in existance was created as interest bearing bank credit. This is how money is created in our system, and this is what determines the size of the money supply. If you dont want to take my word for it then go do a little research.

Now you are back pedaling...as expected. You don't understand the basics of money. That's your business. Money can be currency, but all money is not currency. Basic stuff oh superior one.

Edited November 7, 2011 by bush_cheney2004

[cybercoma]

The stimulus dollars are gone. It's still growing.

You call a loss of 72000 jobs and an increase in unemployment growth? That's odd.

[dre]

Now you are back pedaling...as expected. You don't understand the basics of money. That's your business. Money can be currency, but all money is not currency. Basic stuff oh superior one.

[Smallc]

You call a loss of 72000 jobs and an increase in unemployment growth? That's odd.

He didn't say jobs, and the general trend in jobs has been growth anyway. You're being dishonest.

[cybercoma]

Nice to see that you move the goal posts when it suits you. Everyone else calls it by income. The only parasites are at the occupy protests.

You should enroll in some finance classes, they're free to retires people.

Uh. No. All of this top 1% talk has been about the distribution of wealth and how the vast majority of increases in wealth have gone almost exclusively to the top 1%, while the bottom 80% have actually seen decreases. That discussion isn't about income. It's about financial wealth.

Edited November 7, 2011 by cybercoma

[blueblood]

He didn't say jobs, and the general trend in jobs has been growth anyway. You're being dishonest.

Especially in western Canada. Thank you Asian economic growth.

[blueblood]

Uh. No. All of this top 1% talk has been about the distribution of wealth and how the vast majority of increases in wealth have gone almost exclusively to the top 1%, while the bottom 80% have actually seen decreases. That discussion isn't about income. It's about financial wealth.

My wealth comes straight out of the ground, is there a problem with that?

Time for the bottom 80% to adapt like everyone else.

[cybercoma]

He didn't say jobs, and the general trend in jobs has been growth anyway. You're being dishonest.

I'm not being dishonest at all. I'm not really sure what you're assuming, since you haven't actually made an argument in this post. Instead you're taking cheap shots without even referring back to what the initial argument is about.

Why do right-wing ideologues blame individuals for being lazy when they're unemployed, but turn around and blame the economic system when there is a net loss of jobs? It's hypocritical. Whether the general trend has been an increase or not is irrelevant because I'm talking explicitly about the excuses made for aggregate job losses versus how individual are treated when they lose their jobs. I'm not saying anything about what kind of trajectory we are on.

[bush_cheney2004]

I guess he wants the "right wingers" to say that the economy is "lazy"...OK.

[cybercoma]

It's only the economy when it's convenient for you. When Occupy Protestors criticize the economic system for a lack of jobs and other problems, they're lazy freeloaders.

[Smallc]

I'm not being dishonest at all. I'm not really sure what you're assuming, since you haven't actually made an argument in this post. Instead you're taking cheap shots without even referring back to what the initial argument is about.

Why do right-wing ideologues blame individuals for being lazy when they're unemployed, but turn around and blame the economic system when there is a net loss of jobs?

Since I didn't do that, I see no need to respond to that. And, I actually presented a table with data. You brought something that "right wing ideologues" apparently said.