Comments on: One nation, underemployed http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: Active0ldLady http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38256 Tue, 11 Oct 2011 17:10:13 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38256 This article seems extremely biased and narrow-minded to me.

First of all, “union jobs = good jobs” is hogwash. The only “good” aspect of those jobs is short-term, for the selfish interests of the individual. Unions foster corruption and laziness, and discourage excellence. This is a huge part of why American products from union shops became non-competitive in the world marketplace. Unions extorted higher wages and better benefits, thus forcing higher prices. Our steel industry was completely destroyed by unions.

Another gross distortion:
“Public sector jobs = good jobs”

Public sector jobs simply drain the working cleass of money. Those public sector jobs do not create tangible products to sell in the world marketplace, thus bring in no revenue. In conjunction with unions, again extorting excessive wages and benefits at the expense of taxpayers, the unfunded liabilities of pensions for public sector employees will bankrupt the nation. We are pushing near 100 TRILLION dollars in unfunded liabilities. Where is that money to come from???

The problem with jobs:

America lost millions of high salary jobs, especially in the high tech sectors. Those jobs paid GOOD money (all without the need for unions), and those employees were in the upper tax brackets. Those employees also had large amounts of money to invest, and large amounts of disposable income to SPEND, which helps build local economies. Those already-taxed dollars go into the local economies, to be taxed again, so local, state and federal tax revenues are increased. The current administration seems to think “shovel ready” jobs will magically cure our ecomonic problems, but they will not. Partly because those jobs are all very low-paying jobs, and partly because the cost of lawsuits from far-left environmentalists who try to block virtually every construction project will kill any benefit from the few jobs actually created. Locally we had the opportunity for over 2,000 “shovel ready” jobs from the stimulus, but not one came to fruition. Each project has been blocked by far-left environmental extremists.

It has become clear that the current administration is as much pro-corporate as any other administration ever was. They continue to make life easy for the already rich, while their policies are virtually destroying the middle class. While the administration has been aggressively attacking small farms, health food stores, and Gibson Guitars, there have been ZERO prosecutions of the corrupt bankers who were a significant factor for the economic disaster we are facing. The administration continues to support unions which continue to cause economic harm; especially public sector unions.

America needs a complete change in Congress, on both sides of the aisle. The current Congress is the most corrupt in the history of America, and are doing the will of Wall Street, the pharmaceutical industry, the insurance industry and the oil industry. They are become RICH beyond rich, while America suffers. Unfortunately, so many people are brainwashed by organizations calling themselves a “grassroots think tank”, which are in fact simply a tool used by the ultra liberal far-left extremists who are so arrogant they believe THEIR way is the ONLY way.

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By: Active0ldLady http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38254 Tue, 11 Oct 2011 16:10:10 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38254 This article seems extremely biased and narrow-minded to me.

First of all, “union jobs = good jobs” is hogwash. The only “good” aspect of those jobs is short-term, for the selfish interests of the individual. Unions foster corruption and laziness, and discourage excellence. This is a huge part of why American products from union shops became non-competitive in the world marketplace. Unions extorted higher wages and better benefits, thus forcing higher prices. Our steel industry was completely destroyed by unions.

Another gross distortion:
“Public sector jobs = good jobs”

Public sector jobs simply drain the working cleass of money. Those public sector jobs do not create tangible products to sell in the world marketplace, thus bring in no revenue. In conjunction with unions, again extorting excessive wages and benefits at the expense of taxpayers, the unfunded liabilities of pensions for public sector employees will bankrupt the nation. We are pushing near 100 TRILLION dollars in unfunded liabilities. Where is that money to come from???

The problem with jobs:

America lost millions of high salary jobs, especially in the high tech sectors. Those jobs paid GOOD money (all without the need for unions), and those employees were in the upper tax brackets. Those employees also had large amounts of money to invest, and large amounts of disposable income to SPEND, which helps build local economies. Those already-taxed dollars go into the local economies, to be taxed again, so local, state and federal tax revenues are increased. The current administration seems to think “shovel ready” jobs will magically cure our ecomonic problems, but they will not. Partly because those jobs are all very low-paying jobs, and partly because the cost of lawsuits from far-left environmentalists who try to block virtually every construction project will kill any benefit from the few jobs actually created. Locally we had the opportunity for over 2,000 “shovel ready” jobs from the stimulus, but not one came to fruition. Each project has been blocked by far-left environmental extremists.

It has become clear that the current administration is as much pro-corporate as any other administration ever was. They continue to make life easy for the already rich, while their policies are virtually destroying the middle class. While the administration has been aggressively attacking small farms, health food stores, and Gibson Guitars, there have been ZERO prosecutions of the corrupt bankers who were a significant factor for the economic disaster we are facing. The administration continues to support unions which continue to cause economic harm; especially public sector unions.

America needs a complete change in Congress, on both sides of the aisle. The current Congress is the most corrupt in the history of America, and are doing the will of Wall Street, the pharmaceutical industry, the insurance industry and the oil industry. They are become RICH beyond rich, while America suffers. Unfortunately, so many people are brainwashed by organizations calling themselves a “grassroots think tank”, which are in fact simply a tool used by the ultra liberal far-left extremists who are so arrogant they believe THEIR way is the ONLY way.

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By: Burgerness http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38253 Tue, 11 Oct 2011 15:38:49 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38253 Definition: A Recession is when your neighbor’s house is foreclosed on. A Depression is when your house is foreclosed on. It’s hard to focus on business bankruptcy when there is so much personal bankruptcy everywhere. No more Obama bail out’s! If a company cannot keep up with the times then let ’em fail. That’s the American way!

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By: CitizenJimserac http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38248 Tue, 11 Oct 2011 14:34:42 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38248 The fundamental spontaneity of the worldwide protests, not just here in the U.S. but everywhere, is indicative that people everywhere are FED UP with special deals, privileges, monopolies, tax avoidance for special classes of people who feel they are, somehow, exempt from rules that apply only to “little” people. In foreign countries these entrenched special interests have manipulated themselves into even greater control of governments than has occurred here.

All of these corporatist machinations are then rationalized with pseudo-patriotic appeals, absurd rationalizations about capitalism with little basis in fact, and media supported nonsense about job creation and opportunities coupled with official “statistics” which are designed to conceal rather than expose the full extent of the problem.

All unions are not without sin, there have indeed been excesses in the past as is the case in every organization, but the outrageous attempts by a small minority of politicians to represent their narrow election victories as a “mandate” to turn back the achievements of over a century of labor laws, often bought at the expense of bloody and even dangerous strikes opposed by company thugs, this represents a complete and obvious misinterpretation regarding voter disgust with the corporatist and special interest controlled congress and a dysfunctional government.

The Occupy Wall Street movement represents no confused goals – its goals, the goal of all of us remains united to end the interregnum of corporatist subversion of our government and restore the representative democracy which is the basis of our socio-political philosophy and heritage.

One of America’s greatest presidents, Franklin Roosevelt, now the subject of misrepresentation and castigation by historically misinformed special interests, called explicitly for an 2d Bill of Rights to address fundamental economic issues. The opposition continues to tout a make believe and non-existent “capitalism” as justification to continue their special deals, monopolies and tax breaks while insulting our intelligence with nonsense about how only this will cause “job creation”.

The full extent of the reforms necessary to wipe away this self righteous subversion of our government is nothing less than the same process which stripped them of their assertions about slave ownership 150 years ago… their “property”. Let us, like Kohn here, explicitly expose the charade to pave the way for real, and long overdue, reforms.

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By: r.felder http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38247 Tue, 11 Oct 2011 13:21:09 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38247 “….where the quality of life for workers rises” What does this mean? More money so Americans can continue to gobble up TV’s, iPods, cell phones, cheap clothes, etc. etc. etc. manufactured by the Chinese? We are partly to blame ourselves. We are the ones who’s bottomless appetite for cheap “stuff” caused an explosion in the Chinese economy. Our appetite for this junk has caused our jobs to go overseas.

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By: Stan10785 http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38245 Tue, 11 Oct 2011 12:11:53 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38245 The number of private union jobs have plummeted because they have priced themselves out of the market. The number of public union jobs will decline because the people paying for their “good jobs ” are sick of more taxes and paying for benefits that are unsustainable. Someone has to pay the bills. You need to take economics 101 and learn how the real world works

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By: wiggy1855 http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38244 Tue, 11 Oct 2011 10:54:09 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38244 We have a glitch in the U.S. brand of consumer capitalism, I have been concerned for some time when we approached a time when U.S. consumers, because of economic stress, could not spend enough to maintain the capitalist infrastructure. With the pressures against unions, the globalization and automation replacements, the inflation in costs of required insurances, mortgages, and utilities for middle class people and small businesses; There is not enough left to pay everyone. The media bundle is $120 a month, before it was $25 a month for a phone bill, with no cost for ‘cable-TV and internet connection’.
With a population well over 320 million, if 50 to 60% of the population can afford what is required to keep up a fully-realized American home: The individual corporate suppliers of utilities, insurance, food production, and then include governmental services, these production entities can prosper enough as individual ‘corporate citizens’, but the system feels pressure from the growing numbers of underemployed workers who cannot afford all the insurances, the mortgage/rent, the media bill, the food bill, vehicle acquisition, et cetera, et cetera, et cetera… That is the economic ‘glitch’ of the U.S. system. And when, in these newly exploited international labour markets, the workers rightly insist on a better lifestyle, their version of worker ‘Bust-Boom-bust’ cycle that the US saw. low wages at beginning of industrialization to higher wages with shared progress to lower wages or even job losses as management seeks lower wages elsewhere…

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By: PCL1 http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38243 Tue, 11 Oct 2011 07:52:55 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38243 I’m all for reigning in executive pay; if a corporation has a (total executive compensation ration)/(market capitalization) ration in the top 10 percent of the companies in its size class, it should be required to issue a “scarlet letter” statement, explaining that its executives receive more compensation than the norm and why. This would discourage boards from dolling out huge awards to paper pushers who don’t deserve them. I’m not so enthusiastic about unions, however. Unionization worked in the US when the economy had room to grow, pension plans were unregulated as well as underfunded, health costs were low (due to the fact that most of today’s expensive treatments didn’t exist) and (in a market in which most of their competitors were still recovering from WWII) companies could easily pass on the costs of generous settlements to customers both here and abroad. Even then, union workers benefited more at the expense of consumers (other workers)than investors. In today’s more competitive environment, unions are more prone to get their members fired than benefit them; they can also render whole geographical areas “union strongholds”, wastlands which are avoided even by non-union firms. The commercial high-tech firms of the 60s-90s had generous pay scales without much unionization. This would be a better model for future prosperity than the world of Ralf Cramdon.

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By: Butch_from_PA http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38237 Tue, 11 Oct 2011 00:28:43 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38237 Good article.

Fundamentally I see a lot of our social issues are a result of valuing corporate profits over the betterment of our society and dignity. This was not the capitalistic dream of our founders. This was their biggest enemy – the monarchists controlling their lives.

Why should we be chasing the lowest cost manufacturing worker or worker base globally if it destroys our society? Simply it’s because as a democracy we have no control of our politicians once they are voted in. They are only accountable to themselves and their lobbyists.

We should be viewing a model of self sufficiency where we can produce and consume most of what we need – and export our innovation.

As automation takes away jobs – this should be reason to celebrate and expand our quality of life – instead we’ve created an environment of class warfare and a paranoid sleep deprived work base for the few fortunate able to find work.

This global corporate squeeze on humanity is a living version of the movie Terminator – where global profits are the machine chewing us up worldwide.

We still have a chance to change things – unfortunately those controlling the Terminators are more ambitious and paranoid than human.

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By: txgadfly http://blogs.reuters.com/great-debate/2011/10/07/one-nation-underemployed/#comment-38236 Mon, 10 Oct 2011 22:44:56 +0000 http://blogs.reuters.com/great-debate/?p=10613#comment-38236 First, note that most jobs are poor jobs.

Throughout the world, “good” jobs exist only in powerful, dominating countries that are almost always racially and ethnically homogeneous. They have good jobs because they stick together and because they do not give their advantages away. Neither of these things is true of the USA any more and both are becoming less true weekly.

Second, note that attempts to reduce “poverty” both here and abroad have led to the mass production of college degrees without regard to demand and generally without regard to cost.

The result is that we have exported knowledge and skills to our competitors and have actually imported foreign workers on a completely unprecedented scale. These actions clearly have resulted in harm to the people who were already here.

We have planned a lowering of living standards and executed it on a national scale. It is working. We have set the stage for social and ethnic conflict on a level never seen here. And we shall have it.

Simply hoping for a high wage, “everybody is happy” nirvana economy will not make it happen. Our “vision” of the future is for a society that does not even remotely resemble any human society that has ever existed.

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