the endurance of a feeble people can only be seen in every shop and house apt and housing unit. The true man lifts himself and his nation and can be seen going through life at his own idel to be recogned with when he speeks .{only truth ,meaning, joy, and respect.} if warrented the entire scam of life is complete with possers worthlessness and rediculousness but the endurance of a nation who say's send us your poor huddled and yearning to breath free has endured enough the pillage is over and the crap an american family has to endure at the hands of pathetic and apthetic men families and friends is over.
While I like Bill and most of the time he is spot on, when it comes to this, I think he misfires. I think EPI is closest to "right" on how many are "missing".
Just did the CPS overview and the thing to look at is not in labor force want a job now, about 3/4 down in the overview.
My question: Just since the Great Recession officially ended in June 2009, we've had an additional 11 million+ "not in the labor force". So how many of THOSE would he consider "missing"?
"What’s the worst thing about the Disposable Employee Model? It teaches workers that they’re replaceable, and they know that if they speak up against their employer they will be gotten rid of and replaced by someone else. Will that new employee be better? Probably not. But it doesn’t matter." ~ Amanda D, disposed-of employee
"Our bosses have found a way to get by without explicitly intimidating their workers--as long as we believe that we are disposable and can be easily replaced, we will take it upon ourselves to be as agreeable as possible, and never even consider standing up for what's best for us." ~ Emma BB, disposed-of employee.
(From a post I just renamed to "Disposable Worker Syndrome")
Thanks for the encouragement. I'm still looking for ways to shake up the debate and thought this rather unorthodox essay might help. Just to clarify though. I do believe Smith and Ricardo had good intentions by promoting free trade. The English did push for poor laws, etc and sought to resolve the poor living conditions. But in the end, I think they simply could not grasp their own defective logic, perhaps simply due to the fact they knew nothing else but Britain as the world's factory. The fact that no one has come up with a theory to makes sense of protectionism historical success--including 200 years of American protectionist--I think makes the case that it is a difficult problem to properly dissect. In short, I did not mean to imply they had no respect for labor. The notion of labor as a commodity was simply an attempt to make sense of the resulting wage level (not an insult to the laborer--as terrible as the result was). They simply did not understand the role of money (neither do modern economists). The confusion over money was well illustrated in the English Banking debates of the 1800s--some expected the world to end if the gold standard was abandoned. Thomas Tooke grasped as money as ultimately a form of credit and nothing more. Maybe a topic for the next essay.
Great theme and oh so true. Treating people, labor as a commodity, "static" like a sack of flour on a shelf, is one of the worst blunders in economics and the resulting damage to people, societies is incalculable.
Total nonfarm payroll employment increased by 321,000 in November, but the unemployment rate remained unchanged at 5.8 percent.
From VOX Study on Temp Workers: "The findings of this study on the effects of temporary work on individuals’ skills has important ramifications for the U.S., where short-term contracting is even more common than in Europe. The first is that workers are harmed by this practice, and not just via stress or having uncertain income. But second is that employers over time also suffer by degrading the capabilities of the labor pool." http://www.nakedcapitalism.com/2014/12/temporary-work-bad-cognitive-heal...
Dean Baker: "Given the continuing weakness of the labor market, it is not surprising that workers are still seeing little of the benefits from economic growth ... A weak labor market leads to a situation in which most workers don't benefit from economic growth. Unfortunately we are still far away from getting to a point where we can anticipate substantial real wage gains, even if the November jobs numbers are a step in the right direction." http://www.cepr.net/index.php/blogs/beat-the-press/more-on-the-continuin...
Canadian part-time workers: "The Great White North also published its latest jobs numbers on Friday ... We noted that about half of the total job growth in the prior 12 months had taken the form of part-time work, and that for women 25 and older, full-time employment had actually fallen." http://ftalphaville.ft.com/2014/12/05/2062831/canadian-part-time-worker-...
Next week, negotiators will meet in Washington, DC for another round of negotiations on the Trans-Pacific Partnership (TPP). The Alliance for Retired Americans strongly opposes this so-called free trade deal for several reasons. For starters, it has the potential to ship jobs overseas, further endanger the quality of our food supply, and make prescription drugs more costly.
Due to public pressure, last month European trade negotiators announced they will be releasing their positions on trade to the public. They wanted to release the text of the full agreement -- but the Obama administration continues to insist on secrecy. http://ec.europa.eu/news/2014/docs/c_2014_9052_en.pdf
This week President Obama told CEO’s of transnational corporations, which will profit from rigged trade at the expense of the people and planet, that he is willing to defy Democrats and work with Republicans to pass fast track. https://www.popularresistance.org/obama-ready-to-defy-base-in-order-to-a...
I'm a "Lincoln" conservative (protectionist), but to understand why both political parties are pushing for offshoring skim Alan Blinder's economic textbooks for college students. There you will discover the reason. Nearly all schools of economic thought believe free trade will make all countries richer. It is the reason I have spent six years studying theory--it is radically defective stuff. It is these economist who then run off to Washington to advise politicians. There are some studies that show free trade is the #1 agreed upon subject in economics (some 90% of economists if my memory does not fail me). THIS is the ROOT problem of our decline. See my essay "The Unraveling of Economics" in case you missed it. There is an associated book if you're interested that is sure to make the Left and Right unhappy. In my view, both the Left and Right will have give up their defective ideologies (Smith vs Marx) and work together to save this country. So while both point parties blame each other, they both same the same defect : free trade. First step is for both to admit their guilt in our decline, otherwise wen the industrial base completely disappears this game will be over; and it won't be pretty. Keep up the good fight. VG
Hey, thanks multinational corporations in cohoots with corrupt politicians! We just love giving away our economy and wealth to other nations so they can surpass us. Wow, export the jobs and import 3rd world poverty, awesome.
Sprinkle that with white people guilt to justify destroying America's economic future and middle class.
Wow, this is one economically history day and it's a very dark day indeed.
"Democrats blew the opportunity the American people gave them. We took their mandate and put all of our focus on the wrong problem – health care reform. The plight of uninsured Americans and the hardships caused by unfair insurance company practices certainly needed to be addressed. But it wasn’t the change we were hired to make; Americans were crying out for an end to the recession, for better wages and more jobs; not for changes in their health care. This makes sense considering that 85 percent of all Americans got their health care from either the government – Medicare or Medicaid – or their employer. And if health care costs were going up, it didn’t really affect them."
After reading through that New York Times article (and their links) read Paul Krugman's take here at Mark Thoma's blog and then read his reader's comments.
Then read this: Who Pays for the Minimum Wage? (which is also at Mark Thoma's blog; and after reading that article, read all his reader's comments).
As an aside: December 5, 2014 marks a new all-time record high for the DOW: 17,991.19
The internal GOP feud over what some conservative critics are calling ‘Obamatrade’ is just the latest in a series of skirmishes between the party's corporate-friendly leadership and its populist base. The office of Sen. Ted Cruz said that he generally supports free trade deals, but will have to see what's included in Obama's final TPP agreement.
there arent many sites that dont use cookies to track you, but most browsers have the equivalent of "in private" browsing or incognito windows if one really wants to avoid that....NYT limits one to 10 articles a month, which i already exceeded for December yesterday...however, if one arrives at their site through an external link, you can read those additional articles free...so by linking to them, Bud has given us a free read of their paywalled article..
it's misleading in the same way that most everythng in the National Income and Product Accounts from the BEA is misleading...if i'm not mistaken, it's computed that way because it's an input into Gross Domestic Income, which some say should be equal to GDP...i, for one, dont see how...
Any site that is behind a paywall, firewall, requires cookies, tracking, etc. like the New York Times, just don't link to their stuff.
It's irritating as hell to people to follow links that want to track, money, deny reading and so on.
You can quote them, small amounts, just don't put the URL.
Well, I'm sure Democratic operatives will deny what illegal immigration has done to Blacks in terms of jobs, wages but it's factually true. It has decimated many areas of employment as it has done for meatpackers, all sorts of jobs which used to be union and high paying.
It's true and unfortunately the $$$$ behind this crud will not let objective labor economics come into light. They even have bought and paid for "economists" spinning out propaganda.
It seems the unemployed aren't lazy after all! The Heritage Foundation just admitted that extended unemployment benefits doesn't cause unemployment.
From the Wall Street Journal: "What’s Causing the Increase in Long-Term Unemployment?" (by the senior policy analyst in macroeconomics at the Heritage Foundation)
"Some economic indicators, including the short-term unemployment rate, have recovered to levels associated with “normal times.” But long-term unemployment remains high ... The persistence of long-run unemployment in 2014 is something of a surprise. Many economists, myself included, expected that the expiration of long-term unemployment benefits at the end of 2013 would sharply lower the long-term unemployment rate ... The extension of unemployment benefits does not appear to be the answer. Nor is it merely a holdover from the Great Recession: Few of the long-term unemployed report being out of work for more than two years. The majority are still in their first year of joblessness. [I question that last assertion as most are just not counted anymore and are no longer in the labor force.]
the endurance of a feeble people can only be seen in every shop and house apt and housing unit. The true man lifts himself and his nation and can be seen going through life at his own idel to be recogned with when he speeks .{only truth ,meaning, joy, and respect.} if warrented the entire scam of life is complete with possers worthlessness and rediculousness but the endurance of a nation who say's send us your poor huddled and yearning to breath free has endured enough the pillage is over and the crap an american family has to endure at the hands of pathetic and apthetic men families and friends is over.
While I like Bill and most of the time he is spot on, when it comes to this, I think he misfires. I think EPI is closest to "right" on how many are "missing".
Just did the CPS overview and the thing to look at is not in labor force want a job now, about 3/4 down in the overview.
Bill McBride at Calculated Risk on 12/07/2014 (re: Decline in the Labor Force) writes: "Many estimates of 'missing workers' are probably way too high."
http://www.calculatedriskblog.com/2014/12/decline-in-labor-force-partici...
My question: Just since the Great Recession officially ended in June 2009, we've had an additional 11 million+ "not in the labor force". So how many of THOSE would he consider "missing"?
Stats:
http://bud-meyers.blogspot.com/2014/08/since-recession-ended-11-million-...
"What’s the worst thing about the Disposable Employee Model? It teaches workers that they’re replaceable, and they know that if they speak up against their employer they will be gotten rid of and replaced by someone else. Will that new employee be better? Probably not. But it doesn’t matter." ~ Amanda D, disposed-of employee
"Our bosses have found a way to get by without explicitly intimidating their workers--as long as we believe that we are disposable and can be easily replaced, we will take it upon ourselves to be as agreeable as possible, and never even consider standing up for what's best for us." ~ Emma BB, disposed-of employee.
(From a post I just renamed to "Disposable Worker Syndrome")
http://bud-meyers.blogspot.com/2014/02/foreign-job-creators-suck-too.html
Robert
Thanks for the encouragement. I'm still looking for ways to shake up the debate and thought this rather unorthodox essay might help. Just to clarify though. I do believe Smith and Ricardo had good intentions by promoting free trade. The English did push for poor laws, etc and sought to resolve the poor living conditions. But in the end, I think they simply could not grasp their own defective logic, perhaps simply due to the fact they knew nothing else but Britain as the world's factory. The fact that no one has come up with a theory to makes sense of protectionism historical success--including 200 years of American protectionist--I think makes the case that it is a difficult problem to properly dissect. In short, I did not mean to imply they had no respect for labor. The notion of labor as a commodity was simply an attempt to make sense of the resulting wage level (not an insult to the laborer--as terrible as the result was). They simply did not understand the role of money (neither do modern economists). The confusion over money was well illustrated in the English Banking debates of the 1800s--some expected the world to end if the gold standard was abandoned. Thomas Tooke grasped as money as ultimately a form of credit and nothing more. Maybe a topic for the next essay.
throw away people. Sorry the overviews are so late, working on them now.
Great theme and oh so true. Treating people, labor as a commodity, "static" like a sack of flour on a shelf, is one of the worst blunders in economics and the resulting damage to people, societies is incalculable.
92,447,000 (Nov) MINUS 92,378,000 (Oct) = 69,000 more "not in the labor force"
http://data.bls.gov/timeseries/LNS15000000
Total nonfarm payroll employment increased by 321,000 in November, but the unemployment rate remained unchanged at 5.8 percent.
From VOX Study on Temp Workers: "The findings of this study on the effects of temporary work on individuals’ skills has important ramifications for the U.S., where short-term contracting is even more common than in Europe. The first is that workers are harmed by this practice, and not just via stress or having uncertain income. But second is that employers over time also suffer by degrading the capabilities of the labor pool."
http://www.nakedcapitalism.com/2014/12/temporary-work-bad-cognitive-heal...
Dean Baker: "Given the continuing weakness of the labor market, it is not surprising that workers are still seeing little of the benefits from economic growth ... A weak labor market leads to a situation in which most workers don't benefit from economic growth. Unfortunately we are still far away from getting to a point where we can anticipate substantial real wage gains, even if the November jobs numbers are a step in the right direction."
http://www.cepr.net/index.php/blogs/beat-the-press/more-on-the-continuin...
Canadian part-time workers: "The Great White North also published its latest jobs numbers on Friday ... We noted that about half of the total job growth in the prior 12 months had taken the form of part-time work, and that for women 25 and older, full-time employment had actually fallen."
http://ftalphaville.ft.com/2014/12/05/2062831/canadian-part-time-worker-...
December 4, 2014:
Next week, negotiators will meet in Washington, DC for another round of negotiations on the Trans-Pacific Partnership (TPP). The Alliance for Retired Americans strongly opposes this so-called free trade deal for several reasons. For starters, it has the potential to ship jobs overseas, further endanger the quality of our food supply, and make prescription drugs more costly.
At YouTube: "TPP: The Dirtiest Trade Deal You've Never Heard Of"
https://www.youtube.com/watch?v=DnC1mqyAXmw
Due to public pressure, last month European trade negotiators announced they will be releasing their positions on trade to the public. They wanted to release the text of the full agreement -- but the Obama administration continues to insist on secrecy.
http://ec.europa.eu/news/2014/docs/c_2014_9052_en.pdf
This week President Obama told CEO’s of transnational corporations, which will profit from rigged trade at the expense of the people and planet, that he is willing to defy Democrats and work with Republicans to pass fast track.
https://www.popularresistance.org/obama-ready-to-defy-base-in-order-to-a...
Bud
I'm a "Lincoln" conservative (protectionist), but to understand why both political parties are pushing for offshoring skim Alan Blinder's economic textbooks for college students. There you will discover the reason. Nearly all schools of economic thought believe free trade will make all countries richer. It is the reason I have spent six years studying theory--it is radically defective stuff. It is these economist who then run off to Washington to advise politicians. There are some studies that show free trade is the #1 agreed upon subject in economics (some 90% of economists if my memory does not fail me). THIS is the ROOT problem of our decline. See my essay "The Unraveling of Economics" in case you missed it. There is an associated book if you're interested that is sure to make the Left and Right unhappy. In my view, both the Left and Right will have give up their defective ideologies (Smith vs Marx) and work together to save this country. So while both point parties blame each other, they both same the same defect : free trade. First step is for both to admit their guilt in our decline, otherwise wen the industrial base completely disappears this game will be over; and it won't be pretty. Keep up the good fight. VG
DOW just hit another all-time record high again today.
http://www.google.com/finance?cid=983582
Hey, thanks multinational corporations in cohoots with corrupt politicians! We just love giving away our economy and wealth to other nations so they can surpass us. Wow, export the jobs and import 3rd world poverty, awesome.
Sprinkle that with white people guilt to justify destroying America's economic future and middle class.
Wow, this is one economically history day and it's a very dark day indeed.
Market Watch (December 4, 2014): "For the first time since Ulysses S. Grant was president, America is not the leading economic power on the planet."
http://www.marketwatch.com/story/its-official-america-is-now-no-2-2014-1...
He is making points that outraged me back in 2009 when I once considered myself a Republican (before converting to a Progressive by the end of 2010).
The New York Times quotes New York Senator Chuck Schumer:
After reading through that New York Times article (and their links) read Paul Krugman's take
here at Mark Thoma's blog and then read his reader's comments.
Then read this: Who Pays for the Minimum Wage? (which is also at Mark Thoma's blog; and after reading that article, read all his reader's comments).
As an aside: December 5, 2014 marks a new all-time record high for the DOW: 17,991.19
http://www.google.com/finance?cid=983582
The internal GOP feud over what some conservative critics are calling ‘Obamatrade’ is just the latest in a series of skirmishes between the party's corporate-friendly leadership and its populist base. The office of Sen. Ted Cruz said that he generally supports free trade deals, but will have to see what's included in Obama's final TPP agreement.
http://www.huffingtonpost.com/2014/12/03/mitch-mcconnell-tpp-tea-party_n...
They want to track you and put their spyware crud tracking. So if you don't allow their cookies they will not let you read their stuff.
Ridiculous and annoying.
there arent many sites that dont use cookies to track you, but most browsers have the equivalent of "in private" browsing or incognito windows if one really wants to avoid that....NYT limits one to 10 articles a month, which i already exceeded for December yesterday...however, if one arrives at their site through an external link, you can read those additional articles free...so by linking to them, Bud has given us a free read of their paywalled article..
it's misleading in the same way that most everythng in the National Income and Product Accounts from the BEA is misleading...if i'm not mistaken, it's computed that way because it's an input into Gross Domestic Income, which some say should be equal to GDP...i, for one, dont see how...
Any site that is behind a paywall, firewall, requires cookies, tracking, etc. like the New York Times, just don't link to their stuff.
It's irritating as hell to people to follow links that want to track, money, deny reading and so on.
You can quote them, small amounts, just don't put the URL.
Well, I'm sure Democratic operatives will deny what illegal immigration has done to Blacks in terms of jobs, wages but it's factually true. It has decimated many areas of employment as it has done for meatpackers, all sorts of jobs which used to be union and high paying.
It's true and unfortunately the $$$$ behind this crud will not let objective labor economics come into light. They even have bought and paid for "economists" spinning out propaganda.
Similar to "climate change" denial activities.
It seems the unemployed aren't lazy after all! The Heritage Foundation just admitted that extended unemployment benefits doesn't cause unemployment.
From the Wall Street Journal: "What’s Causing the Increase in Long-Term Unemployment?" (by the senior policy analyst in macroeconomics at the Heritage Foundation)
"Some economic indicators, including the short-term unemployment rate, have recovered to levels associated with “normal times.” But long-term unemployment remains high ... The persistence of long-run unemployment in 2014 is something of a surprise. Many economists, myself included, expected that the expiration of long-term unemployment benefits at the end of 2013 would sharply lower the long-term unemployment rate ... The extension of unemployment benefits does not appear to be the answer. Nor is it merely a holdover from the Great Recession: Few of the long-term unemployed report being out of work for more than two years. The majority are still in their first year of joblessness. [I question that last assertion as most are just not counted anymore and are no longer in the labor force.]
SOURCE:
http://blogs.wsj.com/washwire/2014/12/03/whats-causing-the-increase-in-l...
RELATED POSTS:
New York Times: Unsteady Incomes Keep Millions of Workers Behind on Bills
http://www.nytimes.com/2014/12/04/business/unsteady-incomes-keep-million...
TPM: Tea Party Senator Ted Cruz Warns Obama's 'Amnesty' Is Unfair To African Americans
http://talkingpointsmemo.com/livewire/ted-cruz-michele-bachmann-steve-ki...
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