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About That "Jobs Improvement" Under President Obama
We have heard much from the propaganda machine just how much better the jobs situation has gotten under president Obama three years into his term. We would like to interject with two very simple charts...
Chart 1
Chart 2
h/t John Poehling
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usd/jpy h-4. The eur/jpy is iffie. Have a great weekend.(good Catch)
All the baby boomers all decided to retire last year. Yeah, that's the ticket!
That means jobs for the droopy panted, nose pierced, cell phone appendages on the skull crowd!...what's not to love!...LOL.
I hear Barry is creating or saving jobs right now along the border with Tunisia & Egypt!
Water for oil bitchez!
Well just think how much worse it would be if Obama hadn't pushed through all the bailout and stimulus legislation!!! He's just doing the best he can since the previous administration is the one that screwed everything up. It's not Obama's fault, it's Bush's. Let's cut him some slack.
/sarc
As much as Obama blames Bush, he should get dna tests on his kids. Michelle looks like a girl who sex with any man as long as he had "prez" by his name.
You cut'n-pasted that from CNN.com or CBS.com, didn't you?!
Arrgghh!!
It's all Walker/Koch's fault.
Well if they cut some food stamps, those people will starve to death and the percentage should go up. That will help states balance their budget, and improve the jobs outlook. BI-WINNING!
Yeah, but Shiti Skank is filling it's capital black hole from "reasonable management fees" for handing out the spiffy new credit card like food stamps...so it's kinda of a lose lose thing, as Shiti would have to come up with another scheeme to rob the populace. And the lobbyists who come up with this crap ain't cheap.
Red diaper doper baby, first half black no slave blood on the down low community agitator, likes to party and vacation President is doing a heck of a job. Sent Rangers to rescue Americans from pirates when SEALs were the proper choice, but remembered SEALs killed his homeboy pirates last time so...
you are a fucking tard.
Nice to know that even you have a limit.
Gotta hand it to ya, Rocky; you're pretty intelligent for a 'Coon! LOL
Looks like, demographically speaking, what goes around comes around. Were going back to the 1950's-60's when the boomers were one of several children, mom stayed home and dad went to work. It's exactly the same as that, only different since the traditional family has been obliterated.
So totally true, I have friends who would rather stay unemployed and have dropped out of the work pool completely relishing the welfare and now affordable and free healthcare.
They would rather watch movies , hang out than work even though as an accountant there are jobs out there. It is totally disgusting that this is how my tax dollars are at work under Obama.
This is what I have noticed too. I have commented how hard it is to get college kids to work for ten to 15 an hour. Apparently we are a fairly well off people. I believe a lot of people have decided they would rather downscale their lifestyles than work more.
The Govt is subsidizing unemployment and poverty! Like any other subsidy, you get more of what you're subsidizing!
This producing more with fewer employers is damn good for corporations (the multinational, knowing no borders and having no allegiances kind), so expect the trend to continue, and may you all either find a way to make yourselves indispensable, or eat cake.
Attention, advanced commercial-grade Roomba to aisle number 14. Cleanup on aisle number 14.
Thank you.
Winner. It is no coincidence that real average wages are roughly at 1970s levels while corporate profits are near record highs. The corporation, or 'capital', has managed to win the war against 'labor' for the marginal dollar generated from productivity increases. This is beneficial to stock prices, corporate debt, executive pay, et al.; not so much for main street joe however. Of course it doesn't help main street joe's prospects that everytime wages begin increasing at roughly a 4% annual clip the Fed pushes short term rates high enough to cause recession. However it does ultimately help businesses bottom line as the resulting labor surplus applies a headwind to wage growth.
Meanwhile in India....
http://hosted.ap.org/dynamic/stories/A/AS_INDIA_EXECUTIVE_KILLED?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2011-03-04-02-37-38
"Indian police detained two people after an angry mob of fired workers burned to death a senior executive of a steel factory...
n 2008, scores of dismissed employees of an Italian manufacturing company, Graziano Transmissioni India, used iron rods and wooden sticks to beat to death the company's local chief executive officer on the outskirts of New Delhi."
Incidents of industrial violence are common in India, where workers often target executives in cases of wage disputes and job losses....
suddenly I LOVE outsourcing...
I posted this elsewhere too. I don't understand the mentality which makes a person think that someone else owes them a job. Why do some people think it is someone else's responsibility to give them a job? That sounds like narcissistic entitlement to me.
Do you or I "owe" someone else a job? Should they be able to burn us if we decide not to employ them?
To me that shows a very childish level of thinking that somehow "society" or "big business" or your next door neighbor owes you something.
When the CEO is living large and the workers, before they were fired, were living in a fucking slum and barely surviving WTF do you expect is going to happen eventually?
No. But people should have the right to "make a living" without hinderance from the system.
Unfortunately, they're targetting middle mgmt, NOT the real guilty parties...
Maybe friday night isn't the best time to get a conversation going, but I have brought this up on other threads. I hire college students part time and I have noticed it has become harder and harder these last few years to get people to work for ten to fifteen an hour part time. I am lucky to get on or two applicants when I post on the local campuses.
I think a lot of people have decided they don't want to work. If you look at generation Y and millenials they wear crappy cheap clothes, live at home, and drive crappy cars, but they don't seen to want to work that hard. They even admit it openly. They would rather have free time.
It is a pretty wealthy society than can afford that. Are other businesses that hire college kids part time experiencing the same difficulty? These are clerical type jobs for the most part, not hard restaurant or waitressing jobs.
While restaurant and waitressing jobs can be hard and often demeaning they are not nearly as soul crushing as clerical work. That or you are not selling them hard enough on the resume building benefits of the position. Maybe offer them a title, people like titles.
Or maybe it's this...
I am thinking you are pretty close. They don't seem pissed off. They seem to not be interested in working "menial" jobs. They also don't seem to have the drive to acquire material possessions that other generations had. maybe it is because they see it as a losing game.
Pissed off is Tyler's description, not mine. I'd say it probably leans more toward disinterested or detached. This may be a function of the increasing wealth/income gap. When the path toward arriving at the "American dream" seems to be always increasing in distance, the incentive to engage the system that offers the payoff diminishes.
Mean that dream to accumulate more perpetually depreciating paper that currently is earning next to 0% interest?
Abominable joke as the poor live like royalty in other countries or closer to the wealthy in actual literal terms than at any point in the history of the country.
or does Bill Gates have some spaceship that no one else does.
Shall we see? Kids all educated by teachers taught in the same schools. Doctors are educated by the same medical school manual, avg poor lives in a 3br 2 ba house bigger than the avg Euro. Most have cars, tvs out the ass, cell phones, running water, electricity, shop in the same stores, eat in the same restaurants,
woe is the poor and middle class who don't pay penny one in federal income tax and just exited a period where anyone who could make an X could borrow as much as they wanted at historically low interest rates.
but keep clinging to the fanatical retarded notions to the contrary afterall no one is ever changing a fanatics mind.
the whole concept of unattainable wealth is banal in America these days.
I don't think that people realize that our working class is materially better off than middle class europeans in terms of number of bathrooms, air conditioning, and ownership of automobiles, as well as cheaper computers and most other consumer items and much lower taxes.
A basic computer that costs six hundred bucks here is 2000 dollars in the UK. A doctor in the UK makes 70,000 pounds but pays twice as much for housing, twice as much in taxes, and has twice the distance to commute. 70,000 pounds when adjusted to dollars is half as much as a doctor makes in the United States. Everyone seems poor in the UK which is why I don't understand how they think they have a better quality of life. It is much much worse in almost all respects but the only people that know that are British expats living in the United States.
We are much wealther than people realize. However European poor people get better health care and have more vacation time at work, but nothing else.
When you stand back and see the big picture you realize America has no economic future, the American dream is over, things will get steadily worse as the criminal bankster cartel loots more and more of America's wealth till there's nothing left.
Given that big picture, it's wise to get comfortable with the idea of scaling back one's lifestyle voluntarily, before it happens involuntarily.
You have wealth stored up to continue a higher lifestyle?
Then you will be a target of less fortunate people all around you, unless you can get away from them, meaning leave the country.
kudos to the FC reference!!
considering that even 15 bucks an hour @ 40 hours a week is barely above what unemployment pays, don't be too surprised.
yeah. you have a point if you include all the other things people are eligible for when they draw unemployment such as food stamps, etc.
I also think college kids may be maxing out loans rather than working through college like in the old days.
Why should they want to work? I worked hard for 40 years and I know what that got me. It is a fraud. Work hard. Play by the rules and you will be a success. The only people with any real wealth did nothing for it. Work? Please.
After exporting its industrial base over the last 20 years the US simply doesn't have the capacity to create jobs necessary to head off chronic unemployment. Bubble economy just masked an underlying problem. Anyone under 35 looking for work is probably better off in greener pastures.
Exactly because working on an assembly line was somehow more intellectually fulfilling than making a Big Mac.
that is why temp agencies are booming.
Has nothing to do with the taxes,regulations, the crap work ethic and crap output-hiring full time workers and vesting training in them it is because the wealthy elitists exported all those leading edge highly exciting assembly line jobs.
Maybe it has something to do with the idea of unattainable luxury being banal or the watered down education system, or the perpetual entitlement to be whatever the fukk anyone wants to be but the last thing on earth it can be is all the assorted federal, state and local bullshit that actually accompanies hiring a full time employee.
Would have to be on LSFuckingD to start a labor intensive business in the United States of Dysfunctional Neo Marxism.
there is a lot of bullshit to hiring people. Many of you who have never owned a business would not believe how aggressive the state and local governments are toward businesses. They are extremely aggressive about every little fee and if you are late for a quarterly payment they send the threatening letters right away.
In terms of personal taxes (state and local taxes and fees) the governing authorities have not been nearly as hostile, aggressive, or threatening. They treat private individuals fairly nicely, but are harsh and aggressive and scrutinize you for every single penny if you run a business.
Your second paragraph does not apply to urban cities.
Their specialty is nickel diming small business to death.
THe one by me even has use fees for dumpsters.
Not a trash fee but have to buy an annual license to even use a dumpster.
I may have miscommunicated. They are nickel and diming my small business and being very aggressive about it, but on my personal tax return and in personal taxes and personal correspondence, as an individual, the tax authorities are very cordial and not as aggressive.
When I speak to them as a business they are nickel and diming me to death and being very harsh and aggressive about it.
There is no way in hell I'd start another business in this environment. My last business included a partner and it took me alone to do the paperwork as a full time job. The actual production took the partner to accomplish. Never again.
Perhaps if businesses didn't think they were the Almighty, half that burden would be gone.
Not sure that's the case.
Businesses just want a way to string people around without having to pay for the privlege.
My apologies I misread it.
My experience has been the same. Personally I rarely if ever have any dealings with the government in any form beyond the typical taxes, dmv et al, but the business is under perpetual attack.
Media no longer uses the term "Oil President".
Obama Dipstickwould someone pleeease start a revolution in the states? its about damn time....
So start already.
Given that the Gaussian IQ curve is centered on 100 (i.e. 50% of the population has IQs below 100) and someone with less than a 100 IQ is barely functional in a modern high tech society, isn't it more surprising that the labor participation rate is as high as 58%? Must be all the state and local government "jobs" created on the last 30 years.
Or to put it another way -
Unemployed Americans over 55 years of age; you have become OB-SO-LEET.
You've gotta tell them! Soylent Green is people!
Wow. Mountain out of a molehill. Hey dorks, I have some news for all of you ZH readers.
Wait for it.....
Wait for it...........
BABY BOOMERS ARE FRIGGIN RETIRING IN DROVES AS PROJECTED YEARS AGO. THIS ISNT SOME GRAND CONSPIRACY. THE DATA IS GOOD AND THE RECOVERY IS UNDERWAY.
still smokin' crack, huh? I thought you quit...
Ross Perot was right ... NAFTA was a big mistake.... Bill Clinton passed it big mistake....
You Tube > ross perot & al gore larry king
Uncle Tobama be a good nigga.
funny thing is, the % of people employed is still above the avg. of the good New Deal years: post-WWII until the early 1970s. And those were great, prosperous years for the middle class, full of American innovation. The US was really leading the world.
The growth in employment % rises under Reagan -- and we know that that was where the inequality really started to get going. More people were working because they had to in order to make ends meet. I would argue that this statistic therefore tells us nothing. It's the quality of jobs people have, not the number of people working.
Of course, today, we have worthless, low-paid, part-time jobs, plus the ghost of Reaganomics still haunting us, plus higher oil prices, plus Bankster greed, plus mass unemployment. So it's really a perfect storm of crap coming down the pipe.
Freedmon.."funny thing is, the % of people employed is still above the avg. of the good New Deal years: post-WWII until the early 1970s"
LOL this statement is on it's merit a perfect understanding of numbers with no relation to real life..
in new deal up to 1970 we had a work force with ONE PERSON Earners for each household.
mom's stayed home and dad made enough to support the families..
subtract the millions of working mom's from today's number and you get back to reality those numbers otherwise are junk.
Any guess as to where wages would be if mom still stayed home or is it just a massive coincidence about stagnant wages dating back to approximately the same date that moms stopped staying home?
BTW the needs two incomes to just get by in the 80's is fukking hilarious. While money was falling from the sky but under Carter people somehow only got by with one with sky rocketing economic misery. Everyone knows tax cuts don't create jobs, the 50million created worldwide from 1985-1987 were cyclical and would have happened whether the world's largest consumer cut taxes in half or not. THe global proliferation of the computer chip was going to happen then regardless of US economic policy just ask any agenda ridden moronista. Afterall that is when that inequality really started going, before then the only folks that could borrow money didn't need to and the spirit of inclusion was thriving.
Nothing like reading shit that originates from never created a job in their existance and never will types.
JFC reading this moronista drivel is paneful.
Lest we not forget that the majority of that nasty national debt still with us today came from Raygun and that he boosted employment stats by redefining those serving in the military as 'employed'.
You are exactly correct to point out that this is a problem with 'aggregate income' and its distribution over the citizenry. Since Reagan, the bottom 40% have seen theirs decline by 20% from 31.5% to 25% and the top 1% more than doubled from 9% to 25%.
Only complete morons would believe that those 1% are working 3x as hard as they were in the 80s or that they put that nearly free money anywhere that creates more than a handful of token (hand)jobs.
Exactly a complete and total imbecile.
Your existence is actually further away from the super rich and almighty than when Rockefeller was building his one square block home.
Scoreboard watch-only the rich have cars, homes, access to air travel, eat in the same restaurants, crap in the same toilets, access to capital for education? Are their doctors educated somewhere other than yours? How about their teachers?
have a color TV? how about cable or satellite? How about indoor plumbing? Electricity? All these techo gadgets?
It must be those personal spacecraft they are harboring.
WTFU they have a big pile of money that is currently earning close to 0% interest and that is about it.
Maybe if there was such a thing as unattainable luxury in Neo Marxist America people would actually work again.
Self loathing academic theoretical detached from reality moronista.
Try taking a trip through the ghetto someday and compare it to the that trip in the 70's,
oh right you can't because too busy drinking poison and enagaged in full scale delusion.
Trashmen make more $$$ in some cities than recent medical school graduates working as GPS with no school debt and no education but that is right to the moronistas. Cause afterall sanitation engineering is hard work and takes years of training, licensing et al.
The ruination of the country in a nutshell in one post,
congrats, knew the typical self loathing academic wannabee intellectual could pull off the miraculous.
Don't forget all that access to dirt cheap capital and the subsequent zero interest rates are to benefit the super rich and mighty somehow, no rational reason but it sure sounds good.
just cannot make this crap up if one tried.
Obummer = Bald Faced Liar
Plain and simple. Shrub Jr., give the new guy your dunce cap...
I usually don't, but today I am reading the comments under the article.... Am I supposed to get Stupid Drunk before I start writing? Let me know.
Yes. Here's a cocktail for you:
- Pour 1/2 oz of grenadine into a highball glass
- Pour 1 oz tequila into that
- Pour 4 oz methyl alchohol over that
- Shake well
- Enjoy!
I guess the high level of humor in the reponse answers my question. Sober IQ levels not appropriate for these forums.
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