eagleye13 Loc: Fl

The truth about unemployment in America

The cost of low wages:
No consumer demand, no jobs
- See more at: http://www.brasschecktv.com/videos/struggles-at-home/the-truth-about-unemploymentin-america.html#sthash.IARQXIqp.dpuf

The long term, non-cyclical unemployment in the US is now structural. Sure employers would like to argue permanent unemployment is the result of workers lacking sufficient training. They whine about not being able to find workers with the right skill sets; they say they cannot find those who are willing to relocate to where jobs are. They actually entertain the argument that workers are lazy and would rather collect food stamps than work.

But is this really true? Is there a ‘supply’ problem when it comes to labor in the US? Is unemployment the result of employers simply lacking a steady supply of well-trained workers? Are US workers lazy and would rather live off the dole? Or is the problem that workers have no money due to low wages and thus there is no ‘demand’ in the economy? No demand means no growth and no growth means less workers.

BTW - “Actions at the multinational level will be needed, if the process of international relocation of industries is to be accelerated in an organized fashion.” -
Trilateral Commission (TC) Report #23, 1982

MarvinSussman

If you would actually read the following, you would find the solution to your complaints:

We hold these truths to be self-evident but our website will answer your questions:

1. During World War II, Americans working double shifts and weekends bought “War Bonds” and, at peace, cashed in their bonds for cars and homes, finally getting the prosperity that ENOUGH government spending, as Keynes advised, could have given them a decade earlier, when Hitler’s pre-war spending brought prosperity to Germany,
2. Deficit spending provides private savings and replaces dollars exported by trade deficits. A law requiring balanced budgets would cause an economic disaster: deflation!
3. “Budget Deficit = Private Savings +Trade Deficit” is our proper budget goal. Less spending would increase unemployment; more spending would increase inflation. So, Congress’ spending should be limited ONLY by the onset of harmful inflation when it’s controlled by the Fed with moderate long-term interest rates and by Congress with adequate progressive taxes on discretionary incomes, financial transactions, and estates.
4. Congressional spending tends to increase our GDP growth rate and as long as our GDP growth rate exceeds the Fed's interest rate, our national debt can grow indefinitely and safely. (Check the math at: http://www.levyinstitute.org/publications/?docid=1379.).
5. Almost 90% of Congress’ spending becomes the money we use to pay our taxes. The rest lands in our savings accounts or those of foreign exporters sending us bargains.
6. Our dollar’s reserve currency status favors US consumers, traders, etc., and forces our Treasury to maintain a LARGE national debt, MUCH of it held by foreign exporters.
7. Foreign exporters will either accept our dollars and bonds or stop selling us goods.
8. The Fed’s purchase of US debt increases bank deposits and asset prices; decreases interest rates, US debt, and debt interest expense; and shifts potential debt problems toward inflation problems. (The Fed returns 94% of its annual profit to our Treasury.)
9. Our Treasury borrows the annual federal budget deficit not because Congress needs money but only to absorb just enough bank reserves to enable the Fed to stay on its targeted federal funds interest rate, the basis of other rates. When Congress has a budget surplus, US bonds become scarce and Wall Street cries: “We need more debt!”
10. Wars are won with infrastructure so our needs are unlimited but we should now be building enough to stay well ahead of a China racing 24/7. Since a pot-hole could delay a vital delivery, all infrastructure is necessary for defense. Since Congress is responsible for national defense, it should pay for all infrastructure, including all pot-holes, all pre-K to PhD education, and all healthcare, all of which are ABSOLUTELY NECESSARY for our defense. State and local governments, knowing their own needs and resources, would manage most of the infrastructure, spending in coordination with the Administration.
11. Although the CBO uses a 1.6 multiplier for infrastructure spending, our GDP really grows about $2 for each $1 of Congress’ spending. Our Debt/GDP ratio dropped from 120% in 1944 to 30% during 35 prosperous years due to moderate inflation, high tax rates, and spending on GI housing and education, the Marshall Plan, nuclear energy, the Korean War, Cold War rearmament, the Interstate Highway, NASA, the Vietnam War, etc.
12. High federal spending with sufficiently high tax revenue can produce lower budget deficits than low spending with low tax revenue. And produce added infrastructure!
13. Nobody would refuse a salary boost to avoid a tax hike but, to avoid hiking taxes, deficit hawks in Congress, ignoring opportunity costs, won’t boost our infrastructure! Congress’ spending has given us transistors, integrated circuits, robots, computers, the internet, jet planes, rocket ships, solar and wind energy, LCD and touch-screens, the mouse, SIRI, search algorithms, GPS, genomics, and a vibrant pharmaceutics industry!
14. Increased output for the same input is anti-inflationary so when Congress gains infrastructure and productivity by hiring the unemployed, inflation is not increased. The stuff that the unemployed get now with stamps would instead be bought with workers’ salaries, ending humiliations of the idle poor and resentments of the working poor.
15. While excessive unemployment exists, excessive federal deficits are due only to low tax revenue, not to spending that hires the unemployed to build infrastructure.
16. Excessive unemployment implies a failure of Congress to provide infrastructure for national defense. Members of Congress who refuse to hire the unemployed to build infrastructure are endangering our existence as a free nation as well as betraying the wish of our Founding Fathers that we “…promote the general Welfare and secure the Blessings of Liberty to ourselves and to POSTERITY…”, which inherits our infrastructure!
Voters, give your adorable grandchildren the arsenal they will need for survival!
© 2016 Marvin Sussman, All Rights Reserved. Permission granted only to copy entirely.
Questions? Get answers from economists at www.umkc/econ/Don’tClickYet.Wait
The statements above are based upon the following sources:
*“Austerity” (Oxford U. Press) by Mark Blyth, Brown Univ. Professor of International Political Economy.
*”Diagrams & Dollars; Modern Money Illustrated” (e-book) by J.D. Alt, Writer, Architect.
*“Freedom from National Debt” (Two Harbors Press) by Frank N. Newman, former Deputy Secretary of the …. US Treasury, recipient of the Treasury’s annual “Alexander Hamilton” award.
*”Modern Money Theory” (Palgrave Macmillan) by Prof. L. Randall Wray, UMKC Economics Department.
*NewEconomicPerspectives.org by Dr. Stephanie Kelton, Chairperson of UMKC Economics Department.
*“Seven Deadly Innocent Frauds of Economic Policy” (Oxford Univ. Press) by Warren Mosler, economist.
*”The Truth about the National Debt: Five Myths and One Reality” (Harvard Business School Press) by ------…Francis X. Cavanaugh, US Treasury economist for over 30 years.

eagleye13 Loc: Fl

So pay off the bonds with US Notes, instead of Federal Reserve Notes/obligations/liabilities.

lpnmajor Loc: Arkansas

This problem, as with most of our problems, cannot be understood or successfully dealt with, by looking at parts of the problem individually. We refuse to acknowledge, or understand, that all things are connected, meaning, that we cannot deal properly with anything without looking at the bigger picture.

20 years ago, a bachelors degree guaranteed a job above entry level, now it is a requirement FOR entry level jobs ( in many cases ), What changed? Have the jobs become more complicated? No, the change was that the first 2 years of a 4 year degree - are spent in remedial classes - teaching things that once were a requirement for a high school diploma. Now, one must have a master degree, to guarantee a job above entry level.

A bachelors degree is 1000 times more expensive than it was 20 years ago, ensuring that fewer get them and those that do and land a job, do so for lower wages and take many years longer to pay off the student debt, so have less money to spend on other things. The cost of a college education has risen 500% more than wages have in the past 20 years. Where a high school diploma once guaranteed a job above minimum wage, a bachelors degree is now required - and in some cases - that only guarantees a minimum wage job.

That means, that the supply of "qualified" workers is shrinking, due to the cost of becoming "qualified" has skyrocketed faster then healthcare costs. We have "smarted" ourselves into an unemployment crisis. The actual unemployment rate is many, MANY times higher than reported, as the Gov. keeps shrinking the requirements for being classed as unemployed - to keep the numbers low.

This is just ONE of the dozens of factors related to the jobs outlook in the US. I used the education system as a way to illustrate that this is way more complex than just "jobs".

eagleye13 Loc: Fl

You have hit on the situation real well.
I believe it has been by design. Not just haphazard consequences.
What do you think major?

BTW -
A couple Council on foreign Relations CFR & Trilateral Commission TC Quotes*
“An end run around national sovereignty, eroding it piece by piece, will accomplish much more than the old fashioned frontal attack" – Richard Gardner , Ambassador to Italy - (CFR) Foreign Affairs, April, 1974
“Actions at the multinational level will be needed, if the process of international relocation of industries is to be accelerated in an organized fashion.” TC Report #23, 1982

We have been the victims of a designed de-industrialization of America.

The Banksters control both parties by installing vetted CFR and TC members







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lpnmajor Loc: Arkansas

We will become the worlds banking center, with most Americans ( those that don't starve/freeze to death ) becoming servants to those bankers.

Ask an old black man how to say "yes massah" correctly - if you want a nice indoor job. :mrgreen:

Louie27 Loc: Peoria, AZ

Your statement is totally correct. I know of people holding jobs that requires a degree and are doing the job well but they cannot get the pay, that people having a degree receive, even if they hold all the knowledge needed.

eagleye13 Loc: Fl

I figured this out in the 70's. The plan was to de-industrialize America, push down wages, and just be glad you have a job.
Now the "Gov" is the biggest employer.
Jobs have been shipped over seas and to Mexico. ALL planned!!!
“Actions at the multinational level will be needed, if the process of international relocation of industries is to be accelerated in an organized fashion…….” TC Report #23, 1982

The Banksters control both parties by installing vetted CFR members
CFR members are very tightly affiliated with the U.S. government. Since 1940, every U.S. secretary of state (except for Gov. James Byrnes of South Carolina, the sole exception) has been a member of the Council on Foreign Relations and/or its younger brother, the Trilateral Commission. Also since 1940, every secretary of war and every secretary of defense has been a CFR member. During most of its existence, the Central Intelligence Agency has been headed by CFR members. Virtually every key U.S. national security and foreign policy adviser has been a CFR member for the past seventy years.

Zbigniew Brzezinski formed Trilateral Commission for David Rockefeller in 1973, and Jimmy Carter was made a founding member. Jimmy Carter became President,
& ZB was installed as Carter's National Security Adviser. (ZB is also advisor to Obama)

ZB - Referring to the rivalry between the USSR and the United States – “The eventual outcome of the competition is however, foreordained, given the inherent superiority of the communist system “ 'Between Two Ages' (1970 - ps.146,147) by ZB
“The Federal Reserve (privately owned banks) are one of the most corrupt institutions the world has ever known.” – Senator Louis T. McFadden (22 years on the U.S. Banking & Currency Commission) Google : Louis T. McFadden, Congressional Record, Fed expose
Great book on NWO agenda – ‘The World Order’ by Eustace Mullins at Amazon

Both parties have put America in debt $19 Trillion to the Parasites

sisu77

The truth is that there are 100.000.000 Americans unemployed and half of the country on welfare of some kind. Nearly 100% of all new low end jobs are going to the 30,000,000 to 50,000,000 illegal aliens and 17,000,000 of the high end jobs to the H-1B visa holders...Because of the Free Trade treaties, 44,000,000 of our Middle class factory jobs have gone overseas and to Mexico. creating huge trade deficits and high unemployment (AFL-CIO)...America is no longer the number one economy and manufacturing country thanks to Obama and the RINOs. ..Vote for Donald Trump and let's reverse these trends.

eagleye13 Loc: Fl

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