The "RECOVERY"

indago

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Journalist Annie Lowrey wrote for The New York Times 27 April 2014:
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The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants. In essence, the poor economy has replaced good jobs with bad ones.
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Wow! What a revelation! Like we didn't know that already...
 
If only 30 percent graduate college, low end jobs will always be the majority!
Let me guess, you didn't major in business.
 
The news is that the NYT finally attaches blame on BO.
This is entirely predictable, just not so soon, especially with the 2014 election cycle looming. Apparently the NYT wants to get ahead of the curve, when nearly ever former apologists bashes the president in his last 18 months in an attempt to gain back the credibility that they've destroyed in the previous 6 years.
 
Journalist Annie Lowrey wrote for The New York Times 27 April 2014:
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The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants. In essence, the poor economy has replaced good jobs with bad ones.
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Wow! What a revelation! Like we didn't know that already...

I've argued for quite some time that the U6 unemployment rate should be the official unemployment rate since it is the true gauge of how the workforce is doing.
 
I've argued for quite some time that the U6 unemployment rate should be the official unemployment rate since it is the true gauge of how the workforce is doing.

Yes! Table A-15/U-6: National Unemployment Rate: 12.7%

Up 0.8%

From the article:
With joblessness high and job gains concentrated in low-wage industries, hundreds of thousands of Americans have accepted positions that pay less than they used to make, in some cases, sliding out of the middle class and into the ranks of the working poor.

And all this was predicted what would happen over 200 years ago...


Back in 1992, the Congressional Representative from our District sent out a flier to his interested constituents about the pending free trade agreements in the Congress, requesting our views on the legislation. I wrote back: "It is well known in this country that the United States has a well advanced economic system and society; advanced beyond the economies of some of the other countries with which we trade. Our working people are protected in the workplace by legislation which requires a safe workplace environment. Our manufacturers are required to clean discharges into the environment to limit pollution. Many working people have contracted with employers a retirement program, and health insurance. Compensations for labor have advanced commensurate with the liberties and freedoms of the Americans, allowing Americans to have a more autonomous lifestyle. The United States is being invaded by goods from foreign countries that have provided a haven to our manufacturers who wish to avoid the costs of a clean environment, and a free people. Some of these countries have manufacturers of their own who avoid these responsibilities. The Americans cannot compete on this type of "free trade" basis. To compete, the Americans would have to regress back fifty to one hundred years, a move hardly acceptable by the American people.

I mentioned also the writings of Adam Smith and Francis Hutcheson. Adam Smith, a British economist who has been quoted by American statesmen, and Justices of the Supreme Court of the United States, wrote, in his book Wealth of Nations, published in 1776, "If the free importation of foreign manufactures were permitted, several of the home manufactures would probably suffer, and some of them, perhaps, go to ruin altogether...". He noted that "two great engines for enriching the country, therefore, were restraints upon importation, and encouragements to exportation." Mr. Smith had studied under Professor Francis Hutcheson, who had written, in his book System of Moral Philosophy, in the chapter Of the Nature of Civil Laws and their Execution: "Foreign materials should be imported and even premiums given, when necessary, that all our own hands may be employed; and that, by exporting them again manufactured, we may obtain from abroad the price of our labours. Foreign manufactures and products ready for consumption should be made dear to the consumer by high duties, if we cannot altogether prohibit the consumption;..."

What Adam Smith and Francis Hutcheson are saying is: If you do A, then B will happen.

A • Eliminate duties and tariffs on goods imported into this country from the lesser developed countries.

B • Manufactures will increase in the lesser developed countries, and will decrease in this country; some manufactures here will close down; they will move their businesses to the lesser developed countries; workers in this country will lose their jobs; the economy in this country will shrink.

Well, the Congress did A, and B happened.

Senate

House

Our Congressional Representative voted against the free trade and fast track legislation, but too many of his fellow Congressmen voted in favor of the legislation. Our Congress was warned about what would happen over two hundred years ago, but they did it anyway. The changes didn't happen overnight, but they did happen, and will continue to happen; and now we are reaping the harvest of this shame. Good, solid tax bases have fled the country and now the States are attempting to lay the burden of support on the victim: employees who have been left to scrounge for crumbs and to seek much lower paying jobs. We were told: "Give your job to the underdeveloped countries so that they can have the wherewithall to purchase the products that you are making." Now, I'm not a Nuclear Physicist, but does anyone else see the Catch 22 in this???
 
From the article:
The swelling of the low-wage work force has led to a push for policies to raise the living standards of the poor, including through job training, expansion of health care coverage and a higher minimum wage.

An individual posted, on another message board: "There is no escape from the conclusion that the minimum wage will increase unemployment."

I posted this:


minimum%20wage.gif


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Boomers retiring has way more to do with falling rate.

Since when are retirees counted in employment data you moron. You really are too fucking stupid for prime time you race hustling gun grabbing dunce.

Labor participation rates aren't down because of retirees either you buffoon.
 
Boomers retiring has way more to do with falling rate.

Although this has some effect, it is the lack of jobs that has had the most impact...


national_debt.gif


Journalist Geraldine Fabrikant reported for the New York Times 13 February 2007:
MTV Laying Off 5.5% of Staff

Journalist Claudia Deutsh reported for the New York Times 9 February 2007:
Kodak Cuts Another 3,000 Jobs ... on top of the 25,000 to 27,000 it had already said would be gone by the end of 2007.

Journalist Ian Austen reported for the New York Times 8 February 2007:
Nortel to Cut Another 3,900 Jobs ...About 1,000 of those positions will be shifted to lower-cost operations in Mexico, China and India.

Journalist Andrew Pollack reported for the New York Times 23 January 2007:
Pfizer said yesterday that it would cut 7,800 workers, ... The new layoffs are in addition to 2,200 that Pfizer announced last month, when it cut its American sales force by 20 percent.

It just goes on, and on, and...


Journalist Paul Blustein reported for the Associated Press 4 July 2004:
Report Urges U.S. Firms to Outsource Jobs — A report by an influential consulting firm is exhorting U.S. companies to speed up "offshoring" operations to China and India, including high-powered functions such as research and development.

On the date 27 September 1992, 60 Minutes' Ed Bradley reported on the United States Agency for International Development (USAID), a taxpayer funded agency that promoted the movement of manufacturing in this country to foreign lands — El Salvador, Honduras, Guatemala, China, and etc. This agency actively advertised to the American companies that they could get low interest loans to close down their American manufacturing interests and establish manufacturing overseas, and at labor costs of 57 cents per hour.
 
And the unions are certainly not blameless in this flushing of American jobs from the country...


Mark Gaffney, Michigan AFL-CIO President, noted that unions are going to emerge from this recession with one-quarter, or even one-third fewer members... "We're losing a helluva lot of members".

Well, no shit!

And who's fault is that?

Journalist Peter T. Kilborn wrote for the New York Times 24 October 1995:
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Whatever anger organized labor has sometimes felt toward the White House was indiscernible Monday night, when President Clinton spoke for 45 minutes to 1,020 friendly delegates of the AFL-CIO, whose four-day convention began Monday in midtown Manhattan. American labor unions were once furious with the president over his endorsement of the North American Free Trade Agreement, or NAFTA, and many promised to campaign against anyone in Congress, Democrat or Republican, who voted for it. Yet Monday, as the president reached the dais at the Sheraton New York Hotel, the delegates chanted "Four more years!'' and "We want Bill!'' "Whose side is Bill Clinton on?'' asked Thomas R. Donahue, the federation's president, introducing Clinton. "Make no mistake about it. He's on your side.''
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I was on a message board where there were some union participants. I was pointing out the hypocrites that voted for the free trade agreements, and mentioned the Levins, both the Senator Carl Levin, and his brother in the House of Representatives, Sander Levin. They are both Democrats. The union participants said that their unions had recommended their support in the 2008 elections, so they were going to vote for them.

After the election, I went to the message board and saw phrases like: "WE WON"; and "The recession is over!" I checked the records and found that the unions had indeed voted back in the two aforementioned hypocrites.

And then there is Senator Richard Durbin (D) and a speech he made in the Senate on 11 February 2004. The Senator talked about how he and a group of Senators had "dinner at Walter Reed Hospital with the soldiers who have returned from Iraq and Afghanistan, many of whom are undergoing important medical treatment and rebuilding their lives and strength to return to their families, and some to return to service to our country." He asked them about their experiences, and their injuries, and how they came about, many of them noting that they were in a Humvee when a roadside bomb, or a rocket propelled grenade, exploded. He asked what the Senators could do for them. The Senators were told that the soldiers had to find scrap metal to attach to the sides of the vehicles in an effort to support the inadequate armor.

The Senator said that he visited the Rock Island Arsenal in his State where the new armor plated doors were being assembled for the Humvees, and was told that it would be one year before they were completed.

From Congressional Record, Senate, Senator Richard Durbin (Democrat, Illinois): "I said: Why is it taking one year? He said: Because there is only one steel-fabricating plant left in America, and it is in Pennsylvania. It makes the steel that we can convert into the armor plating for these doors. We are using everything they produce as fast as they produce it. So when the issue comes up about loss of manufacturing jobs, and loss of American jobs, and loss of our industrial base, it is more than a cold discussion of statistics; it is a discussion about the reality of our economy and the reality we face. Whether you live in North Carolina, where we have lost textile jobs, or you live in Illinois, where we have lost steel jobs, the fact is, as we lose these jobs, we lose our capacity. When it comes to something as basic as steel, that capacity plays out so that our soldiers in Iraq today are more vulnerable to enemy attack because we cannot produce the steel in America."

Senator Richard Durbin, a Democrat, while a Congressman in the House of Representatives, representing his constituents in Illinois, voted for the NAFTA (North American Free Trade Agreement), GATT (General Agreement on Tariff and Trade), and when he became a Senator representing the State of Illinois in the Congress, voted for the China trade agreement, the Chile free trade agreement, and the Singapore free trade agreement.

AFL ENDORSES DURBIN
 
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