America has too many jobs!

[paxamericana]

Look at the numbers! We have more job opening then workers to work those jobs! The good times are here. 

I wish we could help our little brother canada but oh well I guess they don't want to sign our trade deals to get these jobs. 

 

[Michael Hardner]

https://www.nytimes.com/2018/07/17/business/fed-jerome-powell-senate.html

 

Quote

In the first of two days of semiannual testimony on Capitol Hill, Mr. Powell fielded repeated questions from lawmakers about why inflation-adjusted wages continue to grow slowly despite a tight labor market.

Hooray.  No shortage of McJobs and people who hotels in Dubai are clicking their heels.  This is end stage capitalism, as the Marxists call it

[paxamericana]

40 minutes ago, Michael Hardner said:

https://www.nytimes.com/2018/07/17/business/fed-jerome-powell-senate.html

 

Hooray.  No shortage of McJobs and people who hotels in Dubai are clicking their heels.  This is end stage capitalism, as the Marxists call it

Because there's a push pull factor.

Once the border is secured and fewer immigrants can get through you will have more jobs as the economy grows, as those jobs get filled there will be a shortage of labor, a decrease in the supply of labour with increase demand will eventually mean an increase in wages. Economics 101, supply and demand. Growth by itself does not cause inflation, increase in cost of living does. 

Take that end stage capitalism!

[OftenWrong]

1 hour ago, paxrom said:

Because there's a push pull factor.

Once the border is secured and fewer immigrants can get through you will have more jobs as the economy grows, as those jobs get filled there will be a shortage of labor, a decrease in the supply of labour with increase demand will eventually mean an increase in wages. Economics 101, supply and demand. Growth by itself does not cause inflation, increase in cost of living does. 

Take that end stage capitalism!

Nonsense. The sky is falling

[paxamericana]

12 minutes ago, OftenWrong said:

Nonsense. The sky is falling

Because emotions!

[Michael Hardner]

Dem politician cites wage stagnation.  I am trying to understand how constricting global trade is supposed to help wages when we have high demand.

 

 

[paxamericana]

28 minutes ago, Michael Hardner said:

Dem politician cites wage stagnation.  I am trying to understand how constricting global trade is supposed to help wages when we have high demand.

 

 

I think she is missing the point. Wage is simple, its supply and demand. If you restrict the supply of cheap global labor then companies are forced to hire americans and thus when those position get filled then there is a decreasing supply of labour. Also with a growing economy you have an increase in demand for jobs from businesses. They are forced to pay more. Those other cost are also being worked on right now. Just wait and see.

[turningrite]

20 hours ago, paxrom said:

Look at the numbers! We have more job opening then workers to work those jobs! The good times are here. 

 

Thank goodness Obama saved American capitalism from itself!

[bush_cheney2004]

14 minutes ago, turningrite said:

Thank goodness Obama saved American capitalism from itself!

 

Actually, Obama continued many Bush era pre/post recession policies (e.g. "tax cuts", TARP)

Edited July 20, 2018 by bush_cheney2004

[turningrite]

1 minute ago, bush_cheney2004 said:

Actually, Obama continued many Bush era pre/post recession policies (e.g. "tax cuts")

I don't think many would give much credit to Bush II given that much of the 2008/09 recession rests at his administration's doorstep due to the impacts of deregulation. The point is that Trump's policies have had little to do with America's currently positive economic situation. Even his tax cuts haven't yet percolated into increased capital investment as many corporations have used the windfall to buy back shares.

https://www.cnbc.com/2018/03/12/companies-are-putting-tax-savings-in-the-pockets-of-shareholders.html

[bush_cheney2004]

Just now, turningrite said:

I don't think many would give much credit to Bush II given that much of the 2008/09 recession rests at his administration's doorstep ...

 

That's a separate discussion long debated here and elsewhere....Congress was certainly involved as well.

The point is that President Obama did not magically save the U.S. economy any more than President Trump has been totally responsible for new market highs and unemployment lows.   There is a continuum that transcends whomever is president.

[paxamericana]

56 minutes ago, turningrite said:

Thank goodness Obama saved American capitalism from itself!

Actually alot of the benefit you are seeing today is a direct result of Trump's economic policy and not Obama. The Tax cut helps, immigration restriction helps, recapitalization of overseas capital helps. Soon enough, the renegotiation on trade will help. Obama economic policies were only expected to reach 2.9 percent gdp growth, Trump is getting well into the 4 and maybe even 5

Edited July 20, 2018 by paxrom

[Argus]

15 minutes ago, paxrom said:

Actually alot of the benefit you are seeing today is a direct result of Trump's economic policy and not Obama.

Trump does not HAVE an economic policy. And the tax cut was only passed recently. American employment has been in a steady uptick for years, as have corporate profits.

 

[paxamericana]

1 minute ago, Argus said:

Trump does not HAVE an economic policy. And the tax cut was only passed recently. American employment has been in a steady uptick for years, as have corporate profits.

 

Wrong! Look up economic nationalism and fill in the blank. Don't buy what the opposition media is telling you.

Edited July 20, 2018 by paxrom

[Argus]

18 hours ago, paxrom said:

Because there's a push pull factor.

Once the border is secured and fewer immigrants can get through you will have more jobs as the economy grows, as those jobs get filled there will be a shortage of labor, a decrease in the supply of labour with increase demand will eventually mean an increase in wages. Economics 101, supply and demand. Growth by itself does not cause inflation, increase in cost of living does. 

So according to Economics 101, once you have full employment, which you pretty much have, then wages rise, which causes inflation. Inflation causes interest rates to tick up, which then slows the economy. In addition, of course, inflation causes the price of goods and services to rise, lowering demand, which also slows the economy. There is no way around this.

[Argus]

1 minute ago, paxrom said:

Wrong! Look up economic nationalism and fill in the blank. Don't buy what the opposition media is telling you.

I already explained to you that economic nationalism will actually be harmful to the US economy.

Look up the great depression.

Edited July 20, 2018 by Argus

[Michael Hardner]

1 hour ago, paxrom said:

Just wait and see.

That's what Reagan said.  How long do we have to wait?

[paxamericana]

Just now, Michael Hardner said:

That's what Reagan said.  How long do we have to wait?

My gut prediction and this is far from complex mathematical modeling on excel, is that you will see this continue well into the 2019 and beyond. assuming trump stays in office.

[Michael Hardner]

2 hours ago, paxrom said:

My gut prediction and this is far from complex mathematical modeling on excel, is that you will see this continue well into the 2019 and beyond. assuming trump stays in office.

Ok you mean wages will continue downwards.

[paxamericana]

27 minutes ago, Michael Hardner said:

Ok you mean wages will continue downwards.

Wait and see 

[GostHacked]

I agree with Mike.  What are the jobs being created? If they are in low level service jobs, then those are really, jobs for teens wanting to get some experience rather than people tying to raise a family off minimum wage. There is a reason these jobs pay minimum wage, takes minimum effort.

[BuzzKillington]

The Obama economy is finally starting to show results!

(LOL!)

[paxamericana]

3 hours ago, GostHacked said:

I agree with Mike.  What are the jobs being created? If they are in low level service jobs, then those are really, jobs for teens wanting to get some experience rather than people tying to raise a family off minimum wage. There is a reason these jobs pay minimum wage, takes minimum effort.

Here's a full coverage of the 4.8 million jobs we're opening up...

 

[cannuck]

On 7/21/2018 at 8:49 AM, GostHacked said:

I agree with Mike.  What are the jobs being created? If they are in low level service jobs, then those are really, jobs for teens wanting to get some experience rather than people tying to raise a family off minimum wage. There is a reason these jobs pay minimum wage, takes minimum effort.

Which is exactly what Trump in his heavy-handed way is trying to cure.   The US has mostly WalMart greater jobs because WalMart is full of Chinese product.  Nobody else in the Uniparty has done diddly squat about that for many administrations.  Instead, they have concentrated their efforts on giving free reign to Casino Capitalists to redistribute wealth from speculative gain - leaving Main Street unfunded and unemployed.  ALL wealth is created on Main Street, not Wall Street - and Main Street Beijing is busy filling that need.

[Michael Hardner]

The jobs of yesterday - well-paid general labour jobs - are gone forever.  The US is superior at tech, marketing and consulting which is why main Street on the east and west coast do very well while flyover land is preoccupied with meth and screaming about Mexicans.