The Great American Job Machine

charrison

Lifer
Oct 13, 1999
17,033
1
81
Linkage


The American economy is destroying jobs, and that's a good thing.

It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. This constant churning means that even a "stagnant" American job market is extremely dynamic, and that the ranks of the unemployed are not necessarily the dispossessed of the earth, as Democrats tend to portray them.

Keep this in mind as Congress gears up for a debate on whether unemployment benefits should be extended beyond their normal six-month term for the fourth time in the past two years. Democrats will attack anyone opposing this extension as a heartless extremist attempting to trample on the poor. But an extension of benefits might, perversely, prolong unemployment, and it will serve to dampen the dynamism of the American economy, which is its greatest asset.

In any given year, roughly 10 percent of all jobs in the American economy are destroyed, while an equal number rises up to take their place, according to the latest Economic Report of the President. The trick, of course, is to create more jobs than are lost. Since 1980, according to Michael Cox of the Federal Reserve Bank of Dallas, "Americans have filed 106 million initial claims for unemployment benefits, each representing a lost job." But during the past decade, the economy has still added a net 40 million new jobs.

Even when the economy isn't creating net new jobs, as has been the case recently, it's creating new jobs. Payroll employment was stagnant last year. But between 3.5 million and 5 million workers entered new jobs each month in 2002. Even during a "jobless recovery," the majority of workers looking for jobs in any given month is different from those workers seeking jobs the next month.

Since 1970, the median duration of unemployment has been 6.6 weeks when the economy is growing, and 8.2 weeks immediately following a recession. In roughly 40 percent of cases, the period of unemployment is five weeks or less. So the unemployed aren't a single class of people, but a group constantly changing as people cycle in and out.


 

SuperTool

Lifer
Jan 25, 2000
14,000
2
0
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D
 

gsaldivar

Diamond Member
Apr 30, 2001
8,691
1
81
Originally posted by: SuperTool
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D

typical mindless response....
rolleye.gif
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
From the same article:

In many cases, job turnover ? although painful ? is a very good thing. It is by switching jobs that people learn new skills and find a better match for the skills they already have, thus earning higher wages.

Opposing an extension of unemployment benefits isn't heartless, but an act of well-placed faith ? in the dynamism of the American economy and in the resourcefulness of its workers.

The last thing the government should do is give people a disincentive to join in the great roiling American job market.
------------------------------------------------------------------------------------------------------------------------------------------------

"thus earning higher wages."

That used to be the case, now however Wages are going Down as shown in here with much more evidence than the ones saying wages are going up. The only data to support those is a Government report that is obviously way behind and wrong of a penny increase.

"the great roiling American job market."

Another one that jumps up and down on a .1 change in a Government report that will probably "revised" as wrong.


 

SuperTool

Lifer
Jan 25, 2000
14,000
2
0
Originally posted by: gsaldivar
Originally posted by: SuperTool
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D

typical mindless response....
rolleye.gif

To a typical Bush apologist spin on the economy.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: SuperTool
Originally posted by: gsaldivar
Originally posted by: SuperTool
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D

typical mindless response....
rolleye.gif

To a typical Bush apologist spin on the economy.

still hoping the economy will get worse?

 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: charrison
Originally posted by: SuperTool
Originally posted by: gsaldivar
Originally posted by: SuperTool
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D

typical mindless response....
rolleye.gif

To a typical Bush apologist spin on the economy.

still hoping the economy will get worse?

Not but it is certainly not "roiling" or "soaring" or any of those insane discriptions being spun by the desparate supporters of this current administration.

They make it sound like there is a Parade going down every American City Street playing "Happy Days Are Here Again"
rolleye.gif
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: dmcowen674
Originally posted by: charrison
Originally posted by: SuperTool
Originally posted by: gsaldivar
Originally posted by: SuperTool
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D

typical mindless response....
rolleye.gif

To a typical Bush apologist spin on the economy.

still hoping the economy will get worse?

Not but it is certainly not "roiling" or "soaring" or any of those insane discriptions being spun by the desparate supporters of this current administration.

They make it sound like there is a Parade going down every American City Street playing "Happy Days Are Here Again"
rolleye.gif

no, you are mistaken.

There are still hard time out there for some people. The economy is improving and getting stronger.

There is still bad news out there, but the good news easily out weighs the bad now.
 

SuperTool

Lifer
Jan 25, 2000
14,000
2
0
Originally posted by: charrison
Originally posted by: SuperTool
Originally posted by: gsaldivar
Originally posted by: SuperTool
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D

typical mindless response....
rolleye.gif

To a typical Bush apologist spin on the economy.

still hoping the economy will get worse?

No, just taking off the rosy glasses. You are coming here spinning job losses as a good thing. What's fit for an average worker is fit for the president.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: SuperTool
Originally posted by: charrison
Originally posted by: SuperTool
Originally posted by: gsaldivar
Originally posted by: SuperTool
Now if it just destroys Dubya's job, it'll be a great thing.
"It is in destroying jobs that the economy improves and makes it possible for the standard of living of all Americans to increase. "
Fits Dubya's job like a glove :D

typical mindless response....
rolleye.gif

To a typical Bush apologist spin on the economy.

still hoping the economy will get worse?

No, just taking off the rosy glasses. You are coming here spinning job losses as a good thing. What's fit for an average worker is fit for the president.

Facts are spin?
 

SuperTool

Lifer
Jan 25, 2000
14,000
2
0
The fact is that Bush is the first president since Hoover with no net job creation. The spin is that it's a good thing.
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: SuperTool
The fact is that Bush is the first president since Hoover with no net job creation. The spin is that it's a good thing.


And average unemployment for Bush's first term is still less than the average unemployment during clintons first term.


 

SuperTool

Lifer
Jan 25, 2000
14,000
2
0
Let's analyze your worthless link:
"Even when the economy isn't creating net new jobs, as has been the case recently, it's creating new jobs."
Well Duh, I guess if 500 people get fired and 300 find new jobs we should just say "300 new jobs created," and forget the 500 that were lost. Which part of not creating net new jobs don't you understand?
It means more people get laid off than find new jobs.
 

SuperTool

Lifer
Jan 25, 2000
14,000
2
0
Originally posted by: charrison
Originally posted by: SuperTool
The fact is that Bush is the first president since Hoover with no net job creation. The spin is that it's a good thing.


And average unemployment for Bush's first term is still less than the average unemployment during clintons first term.

So. What unemployment rate did Bush Sr leave Clinton with, and what unemployment rate did Clinton leave Bush with?
 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: SuperTool
Let's analyze your worthless link:
"Even when the economy isn't creating net new jobs, as has been the case recently, it's creating new jobs."
Well Duh, I guess if 500 people get fired and 300 find new jobs we should just say "300 new jobs created," and forget the 500 that were lost. Which part of not creating net new jobs don't you understand?
It means more people get laid off than find new jobs.

Jobs are being created and the pace appears to accelerating.

The current job loss that you complain about would have happened under any president serving during this recession. However, you are too partisan to see that.
 

DealMonkey

Lifer
Nov 25, 2001
13,136
1
0
It's not unemployment! It's people churning through the system as they hop from one job to a better job! Oooooh. Now, I've heard everything. ;)
 

dirtboy

Diamond Member
Oct 9, 1999
6,745
1
81
Originally posted by: SuperTool
The fact is that Bush is the first president since Hoover with no net job creation. The spin is that it's a good thing.

Considering Bush is the only President that inherited a recession, had a stock market crash, had rampant securities firm scandals and the largest attack against the US ever, it is pretty damn impressive that our economy is doing as well as it is. He is definitely doing a good job.

Don't like Bush, eh? Rather have Gore?

Well, in response to the same situation, he said he would have simply raised taxes. If we had Gore in office, we'd likely be deeper in a recession and have much higher unemployment.
 

Martin

Lifer
Jan 15, 2000
29,178
1
81
Originally posted by: dirtboy
Originally posted by: SuperTool
The fact is that Bush is the first president since Hoover with no net job creation. The spin is that it's a good thing.

Considering Bush is the only President that inherited a recession, had a stock market crash, had rampant securities firm scandals and the largest attack against the US ever, it is pretty damn impressive that our economy is doing as well as it is. He is definitely doing a good job.

Don't like Bush, eh? Rather have Gore?

Well, in response to the same situation, he said he would have simply raised taxes. If we had Gore in office, we'd likely be deeper in a recession and have much higher unemployment.

Get I get this week's lotto numbers from your crystal ball?
 

dirtboy

Diamond Member
Oct 9, 1999
6,745
1
81
Originally posted by: MartyTheManiak
Originally posted by: dirtboy
Originally posted by: SuperTool
The fact is that Bush is the first president since Hoover with no net job creation. The spin is that it's a good thing.

Considering Bush is the only President that inherited a recession, had a stock market crash, had rampant securities firm scandals and the largest attack against the US ever, it is pretty damn impressive that our economy is doing as well as it is. He is definitely doing a good job.

Don't like Bush, eh? Rather have Gore?

Well, in response to the same situation, he said he would have simply raised taxes. If we had Gore in office, we'd likely be deeper in a recession and have much higher unemployment.

Get I get this week's lotto numbers from your crystal ball?

Sorry, no lotto numbers for trolls. Try the OT forum.
 

CADsortaGUY

Lifer
Oct 19, 2001
25,162
1
76
www.ShawCAD.com
You are right Dave - a penny increase in average wages must mean that "wages are going down"
rolleye.gif
Currently adding jobs to the economy and increasing wages by a hair....but yeah...the gov't numbers are wrong...and your nonexistant numbers are right:p

Why is it that it's the same "group" or "type" of people that look for any negative they can? Does pointing out supposed "negatives" make you feel better? Does good news always get you down? Or is it that "what's good for America is bad for...." thing still;)

CkG
 

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
Nice bit of spin- I wouldn't have expected anything less from the National Review. They could make spending eternity in Hell seem like retirement to the tropics...

They didn't mention how many of those seven job changes in the first ten years are voluntary vs forced, there being some difference. And they forget to mention that folks will take damn near any job when their benefits run out, or that nobody is seriously considering a re-employment benefit..

I particularly like the part about average wages having gone up by an entire penny while my natural gas rate has gone up by 70%+, electricity by 20%, and my family healthcare plan by $200/mo... At least I don't have to worry about the rent going up, too, but lots of people do...

But we must be getting ahead, the Editor of the National Review says so, and I'm sure he has a lot of personal experience in this area...



 

charrison

Lifer
Oct 13, 1999
17,033
1
81
Originally posted by: Jhhnn
Nice bit of spin- I wouldn't have expected anything less from the National Review. They could make spending eternity in Hell seem like retirement to the tropics...

They didn't mention how many of those seven job changes in the first ten years are voluntary vs forced, there being some difference. And they forget to mention that folks will take damn near any job when their benefits run out, or that nobody is seriously considering a re-employment benefit..

I particularly like the part about average wages having gone up by an entire penny while my natural gas rate has gone up by 70%+, electricity by 20%, and my family healthcare plan by $200/mo... At least I don't have to worry about the rent going up, too, but lots of people do...

But we must be getting ahead, the Editor of the National Review says so, and I'm sure he has a lot of personal experience in this area...


Almost every job change I have had has been an upward movement, even if it was forced.
 

Ferocious

Diamond Member
Feb 16, 2000
4,584
2
71
Leave a good paying job for Walmart. What a machine!

And for the good jobs.......frequent job changing is good for fund managers and realtors.

But it aint too good for kids and raising a family.
 

chess9

Elite member
Apr 15, 2000
7,748
0
0
Once you get beyond the catchy lead-in, his conclusion is insuperable. Why are jobs being lost? Overtime is up, movement of jobs offshore is way up, and real wages are down.

But, assuming you agree with his premise that we are essentially losing "old economy" jobs and that is good, the conclusion doesn't follow that unemployment benefits shouldn't be extended. To call it a stretch is, well, being kind to the man.

This is what happens to your brain when you smoke dope with trickle down economists and other voodoo economic theorists. And everyone thought it was the ganja.... :)

-Robert