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Jobs report

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TC Talks
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Re: Jobs report

Post by TC Talks » Sun May 09, 2021 4:40 am

bmw wrote:
Sat May 08, 2021 11:39 pm
TC Talks wrote:
Sat May 08, 2021 11:10 pm
I will always vote to grow wealth amongst the middle class and lower class in this country because it is a benefit to the entire economy. Compare that to a billionaire who just stores the money and does not circulate it, we are a better country when we have employees with livable wages. Small businesses directly benefit from the middle class having money to spend.
There's a big difference between money and wealth. Simply printing money we don't have and handing it out to the lower and lower-middle class adds literally ZERO to the cumulative "wealth" in this country. It used to be we taxed the rich and gave that money to the poor, thereby redistributing the wealth. Now we're not even doing that - we're $28,000,000,000,000.00 in debt and we're printing trillions more and just giving it away. Wealth comes from the production of goods and services. People living off of government paychecks are contributing neither, but rather, are simply diluting the value of the dollar by using it to buy goods or services when the dollar they just spent didn't come as a result of either being produced. The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.html
I'd take moderate inflation over another recession. Neither are good, but someone benefits from each. Wealth disparity has been too wide for too long.


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TC Talks
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Re: Jobs report

Post by TC Talks » Sun May 09, 2021 4:45 am

Sounds perfect for the typical asshole who watches Fox. You forget that they bring you Sean Haninity.


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Matt
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Re: Jobs report

Post by Matt » Sun May 09, 2021 10:45 am

The jobs report was not good, especially when we were hearing there could be upwards of 1M jobs added. Yesterday's WSJ Editorial was on point:
They’ve underestimated the supply-chain constraints that have been screaming across the economy for months—from too few workers to the computer chip shortage and soaring lumber and freight prices. The economy can’t produce enough goods and services fast enough to meet the soaring demand from the easing pandemic and government policies that have shoveled cash to consumers and rewarded Americans for not working.

Employers across the country have been complaining for months that the federal $300 weekly jobless bonus has made it difficult to hire. Most lower-income workers can make more sitting on the couch. It’s notable that half of the new labor market entrants last month were teens, most of whom don’t qualify for jobless benefits because of their short or nonexistent employment histories.

...

The policy lesson is to ease government constraints on supply. That means repealing the federal bonus not to work. And it should mean withdrawing the Biden tax increases that are a frontal attack on investment and supply. There is no need for more Keynesian stimulus, which has become part of the problem.



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MWmetalhead
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Re: Jobs report

Post by MWmetalhead » Sun May 09, 2021 12:37 pm

The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.html
100% agreed.

We might not just end up with inflation (which has already begun); this could morph into stagflation.


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Lester The Nightfly
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Re: Jobs report

Post by Lester The Nightfly » Sun May 09, 2021 2:18 pm

I wonder how much of the increase in goods and services pricing is simply businesses attempting to make up 12 months of reduced revenues in a single quarter. It's not like most businesses think beyond a single quarter even if it's usually in everyone's best interest to do so.



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Rate This
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Re: Jobs report

Post by Rate This » Sun May 09, 2021 2:21 pm

MWmetalhead wrote:
Sun May 09, 2021 12:37 pm
The intermediate effect of this is going to be significant inflation. Even Warren Buffet says significant inflation is happening already. https://www.cnbc.com/2021/05/03/warren- ... rices.html
100% agreed.

We might not just end up with inflation (which has already begun); this could morph into stagflation.
Interestingly the fed feels that meaningful inflation is not an issue coming over the horizon. The way they are talking it’s more likely to occur in 2028 or so if it does at all.



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MWmetalhead
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Re: Jobs report

Post by MWmetalhead » Sun May 09, 2021 4:09 pm

I don't think it's going to be severe by any stretch, but it will be noticeable.


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MotorCityRadioFreak
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Re: Jobs report

Post by MotorCityRadioFreak » Sun May 09, 2021 11:34 pm

Matt wrote:
Sun May 09, 2021 10:45 am
The jobs report was not good, especially when we were hearing there could be upwards of 1M jobs added. Yesterday's WSJ Editorial was on point:
They’ve underestimated the supply-chain constraints that have been screaming across the economy for months—from too few workers to the computer chip shortage and soaring lumber and freight prices. The economy can’t produce enough goods and services fast enough to meet the soaring demand from the easing pandemic and government policies that have shoveled cash to consumers and rewarded Americans for not working.

Employers across the country have been complaining for months that the federal $300 weekly jobless bonus has made it difficult to hire. Most lower-income workers can make more sitting on the couch. It’s notable that half of the new labor market entrants last month were teens, most of whom don’t qualify for jobless benefits because of their short or nonexistent employment histories.

...

The policy lesson is to ease government constraints on supply. That means repealing the federal bonus not to work. And it should mean withdrawing the Biden tax increases that are a frontal attack on investment and supply. There is no need for more Keynesian stimulus, which has become part of the problem.
Hold up, don't most Repubes bitch and moan when they can't get served for fast food? I see it all over the place.


My mom taught me an ounce of prevention is worth a pound of cure. It's too bad Repubes don't believe in prevention for COVID, but they can deny someone water waiting in a line to vote.

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G G
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Re: Jobs report

Post by G G » Tue May 11, 2021 1:52 pm

MotorCityRadioFreak wrote:
Sun May 09, 2021 11:34 pm
Matt wrote:
Sun May 09, 2021 10:45 am
The jobs report was not good, especially when we were hearing there could be upwards of 1M jobs added. Yesterday's WSJ Editorial was on point:
They’ve underestimated the supply-chain constraints that have been screaming across the economy for months—from too few workers to the computer chip shortage and soaring lumber and freight prices. The economy can’t produce enough goods and services fast enough to meet the soaring demand from the easing pandemic and government policies that have shoveled cash to consumers and rewarded Americans for not working.

Employers across the country have been complaining for months that the federal $300 weekly jobless bonus has made it difficult to hire. Most lower-income workers can make more sitting on the couch. It’s notable that half of the new labor market entrants last month were teens, most of whom don’t qualify for jobless benefits because of their short or nonexistent employment histories.

...

The policy lesson is to ease government constraints on supply. That means repealing the federal bonus not to work. And it should mean withdrawing the Biden tax increases that are a frontal attack on investment and supply. There is no need for more Keynesian stimulus, which has become part of the problem.
Hold up, don't most Repubes bitch and moan when they can't get served for fast food? I see it all over the place.
Get a job yet, son?
https://www.snagajob.com/search?w=48089&radius=5


Donald Trump was and is the best president this country has ever had. And he will return to glory as our leader again.

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