Skip to main content

Replies sorted oldest to newest

What I like about this period of growth is that the DJIA doesn't swing wildly, unlike the Bush nightmare, when any given day the swing could be 300 points. Slow and steady, stable wins the race.

Kudos to Obama for leading this out of this economic meltdown.

As far as jobs, companies have refined and learned to do more with less. It was a necessary adjustment.
quote:
Originally posted by Opie Cunningham:
What I like about this period of growth is that the DJIA doesn't swing wildly, unlike the Bush nightmare, when any given day the swing could be 300 points. Slow and steady, stable wins the race.

Kudos to Obama for leading this out of this economic meltdown.

As far as jobs, companies have refined and learned to do more with less. It was a necessary adjustment.


Companies have done several things that do not benefit domestic employment. They have achieved greater efficiencies through automation, whereby machines do work formerly done by people. They have shipped jobs overseas, thus maintaining their global workforce numbers but displacing jobs in this country. And they have required employees to work overtime routinely, thus reducing the number of workers and concurrently reducing the cost of benefits. A 60-hour per week employee's health insurance costs the employer the same as the insurance for a 40-hour employee. The reduced overall costs in benefits typically outweigh the extra per hour labor costs for the overtime.

Thus, the fat-cat moguls of industry continue to prosper and the stocks of their companies continue to rise and the prospect for re-employment of the laid-off domestic workers continue to look pretty bleak.
quote:
Originally posted by beternU:
quote:
Originally posted by Opie Cunningham:
What I like about this period of growth is that the DJIA doesn't swing wildly, unlike the Bush nightmare, when any given day the swing could be 300 points. Slow and steady, stable wins the race.

Kudos to Obama for leading this out of this economic meltdown.

As far as jobs, companies have refined and learned to do more with less. It was a necessary adjustment.


Companies have done several things that do not benefit domestic employment. They have achieved greater efficiencies through automation, whereby machines do work formerly done by people. They have shipped jobs overseas, thus maintaining their global workforce numbers but displacing jobs in this country. And they have required employees to work overtime routinely, thus reducing the number of workers and concurrently reducing the cost of benefits. A 60-hour per week employee's health insurance costs the employer the same as the insurance for a 40-hour employee. The reduced overall costs in benefits typically outweigh the extra per hour labor costs for the overtime.

Thus, the fat-cat moguls of industry continue to prosper and the stocks of their companies continue to rise and the prospect for re-employment of the laid-off domestic workers continue to look pretty bleak.


All leading to greater stability, although I only agree with your point on overtime, the automation and shipping jobs offshore happened years ago.

Companies are in business to make profit, not to re-employ domestic workers.
betern nuttin,

"Companies have done several things that do not benefit domestic employment. They have achieved greater efficiencies through automation, whereby machines do work formerly done by people. They have shipped jobs overseas, thus maintaining their global workforce numbers but displacing jobs in this country. And they have required employees to work overtime routinely, thus reducing the number of workers and concurrently reducing the cost of benefits. A 60-hour per week employee's health insurance costs the employer the same as the insurance for a 40-hour employee. The reduced overall costs in benefits typically outweigh the extra per hour labor costs for the overtime."

Greater efficiencies in automation allowed the US to keep its position as the world's number one manufacturing nation (for now). Without the increased efficiencies, out trade deficit would be much worse and more jobs shipped overseas. Perhaps, you desire the pre-Industrial Revolution days when we had full employment -- with 90 percent of those employed on farms. If, you wish to spent your days viewing the rear end of a mule -- go to DC and get a job with the Democrats.

Typically the overtime increase occurs just before companies increase employment. Hope the precursor holds true. Unfortunately, Obama's doing his best to ensure the recovery doesn't happen.
quote:
Originally posted by Opie Cunningham:
What I like about this period of growth is that the DJIA doesn't swing wildly, unlike the Bush nightmare, when any given day the swing could be 300 points. Slow and steady, stable wins the race.

Kudos to Obama for leading this out of this economic meltdown.

As far as jobs, companies have refined and learned to do more with less. It was a necessary adjustment.


You are really clueless.

Add Reply

Post

Untitled Document
×
×
×
×
Link copied to your clipboard.
×