I am from Chinese. In my country the workers do not demand union wages or benefits such as pension or dental care for family. Why people in America think they will get jobs if they feel entitled to all of the benefits that company cannot afford? Please help me because I am bit confused. Thank you much.
That's what Teachers Cops Fire Civil Military Elected dweebs used to expect. Those days are long gone. Gov'ts and public institutions are bankrupt due to lack of tax revenues. The Muni Bond Market is about to collapse.
Society has the right to impose Its will on companies whether they can afford to pay benefits or not. If Society deems that the economy must create jobs that provide benefits, the economy must obey because it is under direct orders from Society.
Bob Chan,
The US unemployment figures can only go one way - up.
Since 2003, more than 20,000 manufacturing plants have shut down.
There are now only 8 million manufacturing workers in a population of 300 million, leaving a country with a legion of unskilled workers stuck on long-term unemployment benefits.
Worse, about a hundred overdrawn American cities could face financial collapse in 2011, defaulting on hundreds of billions of dollars of borrowings and derailing any chance of a US economic recovery.
Expect to see fifty to a hundred sizeable defaults – more.
This will amount to hundreds of billions of dollars' worth of defaults.
For years they’ve been spending money they haven’t got like a drunken Irishman and the chickens are finally coming home to roost. (forgive the metaphors)
A perfect example of the crazy sort of benefits bestowed on the average public service worker in the US, comes from totally bankrupt California.
Does a fireman in Beijing get this sort of pay and perks?
I don't know too much about economics but wouldn't devaluing the dollar have a big impact on the import/export ratio therefore creating demand for jobs and improving tourism ?
Alf--Please explain this.
http://wiki.answers.com/Q/How_much_does_a_fireman_earn_in_California
End capitalism.
Why support a system that enriches 1% at the expense of the other 99%?
Have a look at this one as well Alf.
http://www.heritage.org/research/reports/2010/10/technology-explains-drop-in-manufacturing-jobs
improving tourism? puhleeze ...
Snatch wrote:
I don't know too much about economics but wouldn't devaluing the dollar have a big impact on the import/export ratio therefore creating demand for jobs and improving tourism ?
Currency debasement is plain, naked theft. It destroyes savings and defeats the purpose of earning a wage in the first place. Strong exports should be the result of manufacturing efficiency, not an artificially devalued dollar. There is going to be an inflationary hell to pay for this and I promise it will be far more painful than a 10% unemployment rate.
For 100 years the US has been slammed for their absolutely retarded economic and monetary economic mythology. Now we are finding out the hard way that the US Go't's reported GDP, Dollar, and Ec Figs have really been a total crock of shit for all these years ! And we're collapsing now because of the B.S.
This is what you are competing with.
You will note two things.One is that efficiency has very little to do with the end result.
The other is that keeping workers below the poverty line and having deflated currency does.
I'm not saying what is right or wrong ,just how it is.
Read the story before you slam me please.
http://thetrumpetblows.blogspot.com/2010/10/americans-sour-on-trade.html
If the government put a limit on unemployment benefits, the rate would fall in a hurry. I know too many people that are on unemployment because it is enough money for them to get by. If they capped the benefits at 52 weeks, you would see some drastic changes in unemployment rates. If you can navigate the maze that makes up the unemployment benefits process, you can navigate a cash register at McDonald's.
Snatch wrote:
Have a look at this one as well Alf.
http://www.heritage.org/research/reports/2010/10/technology-explains-drop-in-manufacturing-jobs
Yeah, manufacturing output is the same as years ago, it just requires less workers to operate the machines?
Presumably that’s why your trade balance with, for instance, the Chinese, is hundreds of billions in the favour of the Chinese.
And, of course, all it needs is for the 17 million or so unemployed industrial workers to gain the skills necessary to gain employment in the more advanced professions? - lawyers maybe?
Are American lawyers exportable?
Compounding the problem, it seems that all those unemployed industrial workers are about to be joined by millions of unemployed public service workers - what happens then?
http://www.economyincrisis.org/content/local-governments-verge-financial-collapseMore jobs or less workers.
Why don't you demand benefits and what makes you think the companies cannot afford them?
The country of China is doing OK but the Chinese people are not doing better than the American people.
The Chinese unemployment is low but the average income is very low.
The countries are very difficult to compare looking at only a few factors.
The US has a higher GDP with a much lower poplulation.
The Chinese unemployment rate is around 4%.
But you can have a man making $2,000/ year supporting his wife, kids and parents in the same house and that counts as 100% employment and the pension plan is living with your children when you are old.
Americans can demand good pay and benefits because they provide value to their companies which lead to profits.
The profits are there right now. The companies can use these profits to hire more people which will lower unemployment which will create more commerce which will add revenue which will replenish the profits used for the new hiring.
X-Runner wrote:
Why don't you demand benefits and what makes you think the companies cannot afford them?
The country of China is doing OK but the Chinese people are not doing better than the American people.
The Chinese unemployment is low but the average income is very low.
The countries are very difficult to compare looking at only a few factors.
The US has a higher GDP with a much lower poplulation.
The Chinese unemployment rate is around 4%.
But you can have a man making $2,000/ year supporting his wife, kids and parents in the same house and that counts as 100% employment and the pension plan is living with your children when you are old.
Americans can demand good pay and benefits because they provide value to their companies which lead to profits.
The profits are there right now. The companies can use these profits to hire more people which will lower unemployment which will create more commerce which will add revenue which will replenish the profits used for the new hiring.
The reason the Chinese are poor is because the their government forces them to work to support our consumption. Our GDP is based primarily on the consumption of imports, not the production of exports. We have accumulated huge trade imbalances and exported our inflation as payment. This is all going to end when the Chinese get sick of the arrangement and finally dump our dollar.
Hey, the Chinese like our Buicks.
That's one thing at least.
Workers in China do not get the benefits that unionized workers get because you can be jailed for organizing a trade union in China.
China is able to have a large population earning poverty wages by forcing Chinese companies to sell their wares internally at a fraction of the price they are sold to the US.
12/10