Market Down, Again

[BarneyFife]

Job training and education are all well and fine, but we are not seeing a skills mismatch in the economy right now. Unemployment is high across all sectors. Retraining will mostly result in somebody being unemployed in something else.

Understand the point on keeping skills sharp while they are out of work, but really we need to get people back to doing what they know how to do.

I agree. We have tons of kids graduating college with engineering degree days and they are having a tough time finding anything. These pie in the sky 100k jobs are rare. Most people aren't hiring. This is what happens when you export your entire middle class to China. Its too late now. China has won. We are over here fighting about how much to cut and the elites on wall street are fucking with us again.

 

[rchiu]

I agree. We have tons of kids graduating college with engineering degree days and they are having a tough time finding anything. These pie in the sky 100k jobs are rare. Most people aren't hiring. This is what happens when you export your entire middle class to China. Its too late now. China has won. We are over here fighting about how much to cut and the elites on wall street are fucking with us again.

Exactly, the US government has done nothing while corporate America export middle income jobs to India, China and the rest of the world. For every job outsourced, it's one less person buying car, clothes, dining out and other ripple effects through out the US economy.

In fact, US economy is not doing badly. GDP growth is like 1.3% in Q2, not bad for a matured economy. Companies are still making their profit, except that they make their profit through deep cost cutting, yeap you guessed it, outsourcing and such. What exactly is going to make those companies reverse their course and start hiring American and create American again? Nothing as long as the government don't give any incentive for corporate America to do so.

 

[Jhhnn]

What exactly is going to make those companies reverse their course and start hiring American and create American again? Nothing as long as the government don't give any incentive for corporate America to do so.

What would you suggest? Negative taxes, pay the financial elite to create jobs, borrow the money from them to do it, or what?

 

[JSt0rm]

clearly we need to lower taxes more.

 

[ussfletcher]

I agree. We have tons of kids graduating college with engineering degree days and they are having a tough time finding anything. These pie in the sky 100k jobs are rare. Most people aren't hiring. This is what happens when you export your entire middle class to China. Its too late now. China has won. We are over here fighting about how much to cut and the elites on wall street are fucking with us again.

I'm just going to weigh in here and say I don't know ANYONE graduating with an engineering degree without a job in hand.

 

[Jhhnn]

I'm just going to weigh in here and say I don't know ANYONE graduating with an engineering degree without a job in hand.

How many people is that, anyway? 3?

 

[ussfletcher]

How many people is that, anyway? 3?

I know you must project your own lack of popularity onto others, so that you can feel better about yourself.. but damn, you only have 3 friends?

 

[Jhhnn]

Engineers are doing better than many grads, but it's no bed of roses-

http://www.nytimes.com/2011/05/19/business/economy/19grads.html

And the outlook is highly dependent on the specialty-

http://www.bls.gov/oco/ocos027.htm#outlook

engineering is expected to grow "about as fast as average" which ain't fer shit at the moment...

 

[Jhhnn]

I know you must project your own lack of popularity onto others, so that you can feel better about yourself.. but damn, you only have 3 friends?

Nice dodge, btw...

 

[rchiu]

What would you suggest? Negative taxes, pay the financial elite to create jobs, borrow the money from them to do it, or what?

What about tax outsourcing? Companies are buying services from abroad, even though the man power is abroad, the service provided is within the boundary of USA. That's like importing good, except now it's a service. Why not put up tariff for that?

 

[BarneyFife]

I'm just going to weigh in here and say I don't know ANYONE graduating with an engineering degree without a job in hand.

I'm in an engineer myself and when we have an entry job opening, we get 300 people applying and some with 25 years experience. Believe me, their are plenty of engineering students graduating without finding a job. The job market blows.

 

[ussfletcher]

Nice dodge, btw...

But seriously, I do know many of my fellow students and I know of none that are not getting jobs in their field. Hell I've had 4 offers and I don't even graduate until May 2012.

 

[ussfletcher]

I'm in an engineer myself and when we have an entry job opening, we get 300 people applying and some with 25 years experience. Believe me, their are plenty of engineering students graduating without finding a job. The job market blows.

Perhaps it may be specialty, for example I don't really know any Civil or Chemical Engineers, but all of the EE, Comp Eng, Comp Sci, and ME students I know have had no issue. Relocation is required, though.

 

[JSt0rm]

Perhaps it may be specialty, for example I don't really know any Civil or Chemical Engineers, but all of the EE, Comp Eng, Comp Sci, and ME students I know have had no issue. Relocation is required, though.

clearly all engineers should move to Michigan since jobs are so plentiful.

 

[wuliheron]

What would you suggest? Negative taxes, pay the financial elite to create jobs, borrow the money from them to do it, or what?

Start by cracking down on the assholes. Swiss bank accounts, tax loopholes, illegal aliens, you name it. Obama recently threatened to throw the next CEO who commits medicaid fraud in jail because the usual slap on the wrist wasn't working and they just kept coming back for more. They need to get a clear message that all this no-holds-barred crap has got to end.

 

[ussfletcher]

clearly all engineers should move to Michigan since jobs are so plentiful.

Lol I don't know many people that are getting jobs in Michigan. I have seen Minnesota, Ohio, South Carolina, California, Washington, Maryland, and Indiana though.

 

[JSt0rm]

Lol I don't know many people that are getting jobs in Michigan. I have seen Minnesota, Ohio, South Carolina, California, Washington, Maryland, and Indiana though.

oh I assumed you lived in Michigan.

 

[ussfletcher]

oh I assumed you lived in Michigan.

I do, but I probably won't be for long. All of my offers have been out of state. The only companies I know people are getting jobs at here are GE, Chrysler, and Thompson Reuters.

 

[umbrella39]

clearly we need to lower taxes more.

Clearly if we do that we will not be able to keep up with all the jobs the "Job Creators" will be creating... we will need more undocumented Mexicans to fill them all.

 

[Jhhnn]

But seriously, I do know many of my fellow students and I know of none that are not getting jobs in their field. Hell I've had 4 offers and I don't even graduate until May 2012.

The "Offers" game... sigh. Recruiters play it well. If they have 5 openings in a specialty, they make the same "offer" to 100 guys... Guess how many will actually be employed by that Company?

 

[umbrella39]

I do, but I probably won't be for long. All of my offers have been out of state. The only companies I know people are getting jobs at here are GE, Chrysler, and Thompson Reuters.

Isn't that particularly sad? Michigan can't even retain it's own fucking talent. Pathetic. So happy Rick is sucking everyone in the State dry who doesn't run a business under the guise that these "Job Creators" just need a few more breaks, tax cuts, MONEY before they can possibly dream of affording to hire or bring back so much as one employee. Trickle dumbdown ftmfl

 

[JSt0rm]

The "Offers" game... sigh. Recruiters play it well. If they have 5 openings in a specialty, they make the same "offer" to 100 guys... Guess how many will actually be employed by that Company?

10?

 

[ussfletcher]

The "Offers" game... sigh. Recruiters play it well. If they have 5 openings in a specialty, they make the same "offer" to 100 guys... Guess how many will actually be employed by that Company?

That may be the case for some people, but I assure you thats not the case here.

 

[JSt0rm]

That may be the case for some people, but I assure you thats not the case here.

cuz ur the best. dont let them fuck with you. Math is impossible to learn in the 3rd world countries.

 

[ussfletcher]

Isn't that particularly sad? Michigan can't even retain it's own fucking talent. Pathetic. So happy Rick is sucking everyone in the State dry who doesn't run a business under the guise that these "Job Creators" just need a few more breaks, tax cuts, MONEY before they can possibly dream of affording to hire or bring back so much as one employee. Trickle dumbdown ftmfl

While true, almost none of the problem can be addressed at the state level. Michigan's economy took a nose dive after NAFTA was signed, and there is no going back. The manufacturing jobs are gone, probably for good. Blaming the state politicians over this stuff is simply being ignorant. Perhaps someday someone can figure out a way to end our unions' death grip on what's left of industry here, and end the entitlement economy that Detroit relies on, and we can get something accomplished.