Comments on: The stagnation behind the excellent jobs report http://blogs.reuters.com/felix-salmon/2013/03/08/the-stagnation-behind-the-excellent-jobs-report/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: zivame coupons http://blogs.reuters.com/felix-salmon/2013/03/08/the-stagnation-behind-the-excellent-jobs-report/comment-page-1/#comment-55968 Fri, 24 Oct 2014 07:01:38 +0000 http://blogs.reuters.com/felix-salmon/?p=20839#comment-55968 Impress, what a decent bit post which I have track down into endless really. Actually do definitely make a trip to this internet sites.

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By: QCIC http://blogs.reuters.com/felix-salmon/2013/03/08/the-stagnation-behind-the-excellent-jobs-report/comment-page-1/#comment-46186 Mon, 11 Mar 2013 19:01:21 +0000 http://blogs.reuters.com/felix-salmon/?p=20839#comment-46186 “The economy ought to be able to find good, rewarding jobs not only for the 6.8 million, but for a large chunk of the other 82.5 million as well. ”

You going to conscript these people into work camps? Beat them if they don’t perform? Let those who won’t work starve? That is what it might take. In all honesty some good portion of them cannot find jobs because their production under normal conditions and motivation is insufficient to offset the cost to their employers.

Sally no math skills and bad attitude and attendance problems might only be able to produce a few dollars an hour of value in most jobs. Well when she costs at minimum something around $10/hr, well it is going to be hard to employ her. Now the prospect of starvation might motivate her to improve herself, but that isn’t on the table in our society.

Certainly we need a more liquid labor market that more quickly and easily redistributes labor among people as demand for labor rises and falls. But retraining and more importantly solid education and job skills (being polite, showing up on time, not telling your jerk boss to screw) are a huge portion of that.

Unfortunately, many people are too far gone and have too little value combined with too high working condition sand wage expectations. That isn’t a quick or easy thing to fix short of forcibly demanding they work for their government assistance at the point of a gun. Certainly we as a society have demonstrated our inability to countenance people starving in the streets, so turning off the government assistance isn’t an option.

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By: TFF17 http://blogs.reuters.com/felix-salmon/2013/03/08/the-stagnation-behind-the-excellent-jobs-report/comment-page-1/#comment-46174 Mon, 11 Mar 2013 16:07:42 +0000 http://blogs.reuters.com/felix-salmon/?p=20839#comment-46174 Both fresnodan and SteveHamlin have a point…

We can definitely function as a society with a lower labor-force participation rate. Productivity is up dramatically since the 1980s. But the DISTRIBUTION of labor force participation is also critically important. If all households are headed by a married couple, with one job per household, then you have a workable system with even 50% employment. If many households are headed by a single adult, you need a much higher labor-force participation rate.

Looking at the BLS statistics, we are seeing rising labor force participation among those 55 and older. Those age 55 to 64 have increased their participation from 30% to 40% over the last twenty years. Those age 65 and older have increased from 12% to 17%. At the same time, labor-force participation for those age 20-24 has fallen from 78% to 71%. Participation among the core 25-54 demographic is also slipping.

http://www.bls.gov/emp/ep_table_303.htm

In effect, we seem to be seeing an “extended adolescence”, with many individuals age 20-24 either still in school or not yet ready to support themselves. Again, this can work as long as their parents are capable of providing support — but in many cases the parents themselves are squeezed.

SteveHamlin makes an important point. Trickle-down economics has failed. The economic gains over the past 30 years have barely trickled down to the top 25%, and definitely have not reached those below the median. A bit like the Colorado River, which no longer makes it to the sea.

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By: SteveHamlin http://blogs.reuters.com/felix-salmon/2013/03/08/the-stagnation-behind-the-excellent-jobs-report/comment-page-1/#comment-46171 Mon, 11 Mar 2013 14:31:08 +0000 http://blogs.reuters.com/felix-salmon/?p=20839#comment-46171 @fresnodan: pre-1979: think about when women entered the workforce en mass, and that dual-earner households are now much more common, and arguably necessary, than pre-1980s.

A lower participation rate (than now) can sustain economic growth if a one-earner household can be solidly middle-class. Since the latter is increasingly difficult, so is the former.

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