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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Tenchusatsu who wrote (760971)1/2/2014 7:56:51 PM
From: FJB1 Recommendation

Recommended By
joseffy

  Respond to of 1574262
 
If the labor force participation rate was the same as when the recession began, the unemployment rate would be 11.3%. That is how many people have left the workforce because of Bammy's Depression...



To: Tenchusatsu who wrote (760971)1/2/2014 8:01:32 PM
From: average joe  Respond to of 1574262
 
As long as people are waiting for the government to pay for their training and entitlements the work force will remain largely unskilled. If you are depending on the government to educate you in even a half way meaningful way you will be out of luck. Governments fail miserably in doing and providing the basics and it isn't their job anyway. The only training the government has provided is to teach people to cry out for more.



To: Tenchusatsu who wrote (760971)1/2/2014 8:29:41 PM
From: Broken_Clock  Read Replies (1) | Respond to of 1574262
 
Bush years of economic growth
is that what you call an unsustainable tulip bubble?



To: Tenchusatsu who wrote (760971)1/2/2014 8:58:17 PM
From: J_F_Shepard  Respond to of 1574262
 
Conversely, a higher cost of labor means that there would be fewer McDonalds out there employing these people,
Nonsense, do you think McDonalds would sell fewer burgers if they raised the price by 2 cents? Do you seriously believe a McDonalds would lay people off if wages were raised? The only reason they would dump people is if their profits dropped and that will only happen if they can't sell burgers...



To: Tenchusatsu who wrote (760971)1/3/2014 1:32:05 AM
From: FJB1 Recommendation

Recommended By
joseffy

  Read Replies (1) | Respond to of 1574262
 
WHAT RECOVERY? George Will Exposes Obama’s Failed Economic Record (Video)

Posted by Jim Hoft on Thursday, January 2, 2014, 6:47 PM

What recovery?
George Will tonight exposed the Obama administration’s failed economic record.
He nailed it.

“The recession began in December 2007. Since then we’ve added 13 million more Americans are in the country and we have 1.3 million fewer jobs. We’ve lowered the unemployment largely, not entirely, but largely because workforce participation rate has gone down as more and more workers have been discouraged and are no longer count any more because they’re no longer looking for work. If the workforce participation rate today were as high as it was when the recession began the unemployment rate would be 11.3%. We wouldn’t be calling it a poor recovery because it wouldn’t count as a recovery at all.”



George is right.

The employment-population ratio the last twenty years has bottomed out during the Obama years — that is, the percentage of Americans above age 16 who work for a living.

The chart clearly shows the results of Barack Obama’s failed economic policies.

** Zero Hedge has more stats on how Obama’s policies have damaged the American economy