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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 386.01+1.6%Nov 12 4:00 PM EST

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To: bart13 who wrote (132114)3/15/2017 2:56:20 PM
From: Elroy Jetson  Read Replies (1) of 217735
 
People who want to work but can't get hired is a critical problem which needs to be addressed.

Traditionally in America long-unemployed workers have been expected to relocate to communities where jobs are being created. Our attitude has been, if you're not willing to do what needs to be done to become employed, you're not really unemployed.

Some here have even suggested Americans in the Rust Belt are eager and waiting to take the lettuce and broccoli picking jobs in California currently taken by often undocumented workers. I'm very doubtful of that.

But Germany has used incentives to help businesses find an economic way to locate new facilities in areas of high unemployment, like former East Germany so entire towns don't need to close up shop and relocate to Berlin or Southern Germany.

Many towns and cities in the US employ development directors to attract employers, but the downside of this is with so many subsidies on offer the company can generally locate where they would have anyway while collecting large gifts from the taxpayers of that city or state. This is why Mike Pence had turned-down Carrier's request for a bribe to avoid moving jobs to Mexico. After Trump was elected this put a lot of pressure on Governor Pence to pay the bribe, which he did. But there's little evidence this will save any jobs in his state.

The rising Employment Participation Rate, mostly due to our aging population, on the other hand, is not a problem which requires the elderly be sent to work camps and younger people to be forced to drop out of school - in spite of the way it has alarmed Fox News viewers.
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