Unemployment increases to 9.8% after poor jobs report

[Acanthus]

Keep in mind that its a "tax increase" only on the money made above $250,000. The money below $250,000 is tax at the same rate as everyone else.

I am aware of our progressive taxation system

 

[Fingolfin269]

I don't know if we will ever see this number go down much lower than 9%. I know at my place of employment we shrunk our work force quite a bit via voluntary buyouts and early retirement. These workers were not replaced and we figured out how to handle the same amount of workload with less people (increased efficiency). I just don't see those jobs ever coming back because to be quite honest we just don't need that many people anymore.

 

[Jhhnn]

I am aware of our progressive taxation system

Yeh, but are you aware that it's actually regressive at the tippy-top, the true Bush constituency?

 

[GoPackGo]

This story from a company in my hometown is repeated over and over again across America...unlike other major recessions the jobs are gone. Permanently.

http://www.fundinguniverse.com/company-histories/LaCrosse-Footwear-Inc-Company-History.html

 

[IGBT]

Labor is too cheap abroad. We can't accept the same rate of pay because the price of living hasn't decreased. This is the new norm.

and it won't decrease. But your expectations and life style will soon retrograde.

 

[dmcowen674]

This story from a company in my hometown is repeated over and over again across America...unlike other major recessions the jobs are gone. Permanently.

http://www.fundinguniverse.com/company-histories/LaCrosse-Footwear-Inc-Company-History.html

This company has no business having a U.S. Corporate Charter.

It should be revoked and tariff all their products coming in to this country.

The same applies to all Corporations that have done this.

Watch how fast the U.S. bounces back.

Until this is done, it is all over.