- Sep 12, 2012
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http://nypost.com/2017/06/25/the-economy-is-teetering-despite-unemployment-drop/
When I read this article a few things struck out at me.
1) The article is probably playing on the fears of the average reader. That might be true, but how truthful is the author being when he states that the economy is on the brink? We haven't had a real recession in 8-9 years. I think we're due. How big and damaging it's going to be when it strikes is the question.
2) The unemployment rate is down to 4.3, but is that number correct? How many able bodied workers are out of work because they can't/refuse to work? How many are toiling away in $10 an hr. dead end jobs with little room for advancement. How many have gone to college to find that they can't find work?
3) 1-3 young people (24m) young people are still living at home, and fewer are getting married and buying homes. That's a startling number and it tells me that the price of "things" are out of reach for many young people. Has it become impossible to move out on your own at 20?
4) Many young men are making less than $30k a year! Up to 41%. That's just insane. It looks like many are graduating from college and can't find work. Or, they are just lazy and lack motivation. I think it's a combination of both. Laziness, lack of motivation and few good paying jobs. I have a feeling if we were to watch their day to day activities we would see a lot of social media, video game playing, YT watching, drinking, smoking weed, etc. I'm generalizing here but you get my point.
5) Which brings me to the article's next point. "About 360k jobs in manufacturing are vacant and not being filled." It tells me that we have a population of young/middle aged workers who don't have the skills to fill those vacancies. But Trump would never EVER admit that because his troops believe that he's going to make everything OK. The reality is the manufacturing jobs that are currently vacant need highly skilled people, and not some unskilled bozo.
The big question is what will Trump's answer be when the economy goes to pot. Will he further damage the economy or will he be the savior. I guess we will find out soon enough.
When I read this article a few things struck out at me.
1) The article is probably playing on the fears of the average reader. That might be true, but how truthful is the author being when he states that the economy is on the brink? We haven't had a real recession in 8-9 years. I think we're due. How big and damaging it's going to be when it strikes is the question.
2) The unemployment rate is down to 4.3, but is that number correct? How many able bodied workers are out of work because they can't/refuse to work? How many are toiling away in $10 an hr. dead end jobs with little room for advancement. How many have gone to college to find that they can't find work?
3) 1-3 young people (24m) young people are still living at home, and fewer are getting married and buying homes. That's a startling number and it tells me that the price of "things" are out of reach for many young people. Has it become impossible to move out on your own at 20?
4) Many young men are making less than $30k a year! Up to 41%. That's just insane. It looks like many are graduating from college and can't find work. Or, they are just lazy and lack motivation. I think it's a combination of both. Laziness, lack of motivation and few good paying jobs. I have a feeling if we were to watch their day to day activities we would see a lot of social media, video game playing, YT watching, drinking, smoking weed, etc. I'm generalizing here but you get my point.
5) Which brings me to the article's next point. "About 360k jobs in manufacturing are vacant and not being filled." It tells me that we have a population of young/middle aged workers who don't have the skills to fill those vacancies. But Trump would never EVER admit that because his troops believe that he's going to make everything OK. The reality is the manufacturing jobs that are currently vacant need highly skilled people, and not some unskilled bozo.
The big question is what will Trump's answer be when the economy goes to pot. Will he further damage the economy or will he be the savior. I guess we will find out soon enough.
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