End Times and Current Events

General Category => The Economic Collapse => Topic started by: Mark on July 07, 2012, 08:27:24 am



Title: There Will Never Be Enough Jobs In America Again
Post by: Mark on July 07, 2012, 08:27:24 am
There Will Never Be Enough Jobs In America Again

Well, we just had another bad jobs report.  The U.S. economy created just 80,000 new jobs during the month of June.  Normally, about 125,000 new jobs need to be created every month just to keep up with population growth.  So it is a bit odd that the official unemployment rate did not rise above 8.2%.  What is even more alarming is that the Social Security Administration is telling us that 85,000 U.S. workers "left the workforce" and enrolled in the Social Security Disability Insurance program during the month of June.  That means that the number of Americans enrolling in Social Security Disability actually exceeded the number of new jobs that was created.  That is definitely not a sign of recovery.  Unfortunately, this is about as good as things are going to get.  Right now corporate profits are at an all-time high and usually after a recession has ended the percentage of working age Americans that have jobs bounces back very strongly.  But that has not happened this time, and when the next economic crisis hits things are going to get a lot worse.

The headline to this article states that there will never be enough jobs in America again.

How could that possibly be true?

Well, the sad truth is that it is very hard to make a profit on an employee in the United States today.

Every year, the control freaks that run things just keep dumping more taxes, more laws, more regulations and more demands on employers.  Hiring even a low level employee today is very complicated and very expensive.

These days a lot of small business owners have decided that it is simply not worth the hassle to hire more employees.  If you can't make a profit on them, what is the point?

If there was going to be a major rebound in hiring, we would have seen it by now.  Corporate profits are at an all-time high as I mentioned earlier.  How much more money do they need to make before they start hiring?

But I don't blame them.  Our politicians have loaded the system with plenty of incentives NOT to hire workers.

Yesterday, I wrote about how Barack Obama has been a one man wrecking crew when it comes to killing jobs.  But he is not the only one to blame.  The truth is that politicians from both political parties have been making things more difficult for employers for decades.

Today, many employers are trying to replace as many employees as possible with computers, automation, robotics and other forms of technology.  Those are jobs that are not ever going to come back.

However, sometimes human labor is still actually needed.

But instead of hiring American workers, many big corporations are taking advantage of the emerging "one world economy" and are setting up shop in countries where it is legal to pay slave labor wages.

So how are American workers supposed to compete with that?

The truth is that they can't.

Today, you aren't just competing for jobs with your neighbors.  Your competition also includes millions upon millions of hard working people on the other side of the globe that will gladly work 12 hour shifts in nightmarish conditions for a dollar an hour.

The United States has been losing millions of jobs to lower wage countries, and the fierce competition for the jobs that remain is driving down wages in this country.

As a result, many of our greatest cities that were once the envy of the entire world have become cesspools of filth, decay and wretchedness.

We are going to continue to bleed jobs because both major political parties are fully convinced that merging our labor pool with the labor pool of the rest of the world is a grand idea.

Republicans have been brainwashed into believing that a one world economic system is actually "conservative".  They have been told that it is "conservative" to merge our economy with countries ruled by third world dictators and brutal communist regimes that have no respect for human rights at all.

Democrats have been brainwashed into believing that merging our economy into a one world economic system is "good for American workers" and will bring more prosperity to this country.

Barack Obama is even negotiating a treaty right now that would reportedly ban all "Buy American" laws.

How stupid can we be?

If we merge our labor pool with the labor pool of the rest of the world with no protection, guess where our wages and our standard of living is going to go?

The answer is obvious.

The "giant sucking sound" that Ross Perot warned us about so many years ago has become a reality.

It is just basic economics.

If I go to the store and I see two similar products and one is priced at $10 and the other is priced at $100 I am going to go for the one priced $10.

Well, it is the same thing with employees.

U.S. workers can't compare with low wage workers on the other side of the world.  It is simply no contest.

Meanwhile, our control freak politicians continue to shove more jobs out the door by piling on even more taxes, rules and regulations.

Unfortunately, these trends are not going to change.  It doesn't matter who gets elected.  The bleeding of jobs is going to continue.

In fact, we should probably be celebrating that things are still as good as they are.

In the future they will be a whole lot worse.

The period we are in right now was supposed to be the recovery.  During the last recession the percentage of working age Americans with jobs fell dramatically.  Since the end of the recession, that number has stayed remarkably flat....

(http://theeconomiccollapseblog.com/wp-content/uploads/2012/07/Employment-Population-Ratio-June-2012-440x264.png)

Now the next major downturn is rapidly approaching.

When it hits, the unemployment rate is going to go well up into the double digits.

At the moment, our failing economy is being propped up by unprecedented amounts of debt.

When our debt-fueled false prosperity ends, the true horror of the decay of our economic system will be revealed.

If you think it is hard to find a job now, you just wait.  What is coming is going to be a total nightmare.  As I have written about before, many years of pain are ahead.

But that doesn't mean that you have to lose hope.

On my website, people often share how their lives have been absolutely devastated by this economy.  Some of them are even so down that they are considering giving up completely.

But that is the exact wrong response to all of this!

The reason why I try so hard to explain what is coming is so that it will not be a surprise to people.  If you make plans and preparations now, the times that are coming will not overwhelm you.  I believe that there will be people that will be greatly blessed even in the midst of what is coming.

However, millions of Americans that are not listening to the warnings now will have their lives totally destroyed by what is coming.

The world is changing.  Nothing is going to stop that.  The unprecedented prosperity that we have been rolling in is going to shrivel up and go away.

But that does not mean that your life is over.

In fact, if you get yourself physically and mentally prepared for what is ahead the times that are coming can be the greatest times of your life.

One of my goals is to give people hope.  There is hope in understanding what is coming.  There is hope in being prepared.  There is hope in being a light in the middle of the darkness.  There is hope in being willing to love people in the midst of a world that is going crazy.  The following is from a comment that one reader left on a recent article....

I wanted to thank you, the author of this article, whoever you are. I haven’t completely ruled out killing myself but you’ve certainly given me something to think about. And thank you for trying to give people like me a little hope. A little kindness, even if only through words, is at a premium these days especially in my life. I will think carefully about what you’ve said. Best wishes to you and your efforts. God bless.
Everyone out there that is in a similar position - please do not ever, ever, ever give up.

No matter how bad things look right now, there are people out there that care.

One thing I have learned in life is this - there is always a way that things can be turned around.

Sadly, in the future a lot of Americans are going to give in to despair and will completely give up on life.  We saw it happen during the Great Depression of the 1930s and we are seeing this in Greece and other European countries right now.

But the truth is that your life is not over no matter how bad things get out there.

You can let the times that are coming destroy you, or you can make them the greatest adventure of your life.

The choice is up to you.

I urge you to get ready, to get more independent of the system and to start focusing on the things that really matter in life.

http://theeconomiccollapseblog.com/archives/there-will-never-be-enough-jobs-in-america-again


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on July 07, 2012, 09:13:58 am
Just think of it this way - it's the 2 minute warning in a football game, and the score is 45-10.

The world is on the losing end of this, but nonetheless the game IS still going on while time is running short(meaning the players on the losing team still have to play, and the coaches still have to coach). If you're on the losing team, it feels like an eternity.

Please come quickly Lord Jesus!


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on August 22, 2012, 05:47:31 am
More Than Half Of All Americans Are At Least Partially Dependent On The Government

A very large segment of the population has figured out that it can use voting as a tool to get more money and benefits from the government, and that is a very dangerous thing.  Once upon a time, the free market was the one that distributed nearly all the wealth in our system.  But now the federal government has become a giant deluded "Santa Claus" that distributes goodies to the American people far beyond its actual capacity to do so.  In fact, we are borrowing trillions of dollars that we do not have so that our politicians can continue to buy votes with handouts.  Look, we will always need a safety net.  We don't want anyone in America starving to death or sleeping in the street.  However, our current system has gotten completely and totally out of control.  Today, there are nearly 80 different "means-tested welfare programs" operated by the federal government.  As I have written about previously, more than 100 million Americans are enrolled in those programs.  Sadly, that does not even count Social Security and Medicare.  Tens of millions of Americans are enrolled in each of those programs as well.  And when you add in more than 22 million government workers, you get one giant pile of people that are getting money or benefits from the government.  In fact, at this point more than half of all Americans are at least partially dependent on the government.

A recent Forbes article by Bill Wilson estimates that over 165 million Americans are government dependents to at least some degree....

New research from Ranking Member of the Senate Budget Committee Jeff Sessions (R-AL) reveals that this reality may already be here, with more than 107 million Americans on some form of means-tested government welfare.

Add to that 46 million seniors collecting Medicare (subtracting out about 10 million on Supplemental Security Income, Medicaid, and other senior-eligible programs already included in Sessions’ means-tested chart) and 22 million government employees at the federal, state, and local level — and suddenly, over 165 million people, a clear majority of the 308 million Americans counted by the U.S. Census Bureau in 2010, are at least partially dependents of the state.
That is absolutely staggering.

So why is this happening?

Well, for one thing our economy is not producing enough good jobs.  Millions of our jobs have been shipped out of the country, and of the jobs that remain, only 24.6 percent of them are considered to be "good jobs" at this point.

So millions of families are really hurting.  In fact, 77 percent of all Americans are now living paycheck to paycheck at least some of the time.

This week, Joe Biden declared that "the middle class is coming back", but that was a giant lie.

The truth is that the middle class is being absolutely shredded.  More Americans fall out of the middle class every single day.  Right now there are more than 100 million Americans that are considered to be "poor" or "near poor", and the number of Americans on food stamps has risen by more than 14 million since Barack Obama entered the White House.

No, the middle class is definitely not coming back.  Poverty is exploding all around us and every single day even more Americans become dependent on the government.

And that is how the social engineers like it.  They don't want us to be strong and independent.  They want us to be weak and groveling and dependent on them.

So who is paying for all of this?

Well, it sure isn't the wealthy.  They have become absolute masters at avoiding taxes.

And it sure isn't the poor people.  Most of them don't even pay any income taxes.

So who is paying for all of this?

Hard working middle class Americans are, and our children and our grandchildren are.

Both Democrats and Republicans see nothing wrong with stealing trillions of dollars from future generations so that they can shower their constituents with benefits that we simply cannot afford.

What we are doing to our children and our grandchildren is beyond criminal.  I am amazed that more people are not completely outraged by all of this.

Obama, Bush, Clinton and our Congress critters have showered the American people will trillions of dollars that have been ripped off from Americans that have not even been born yet.  They seem to think that it is really funny that they are going to stick them with the bill.

I find it absolutely revolting.

But very few of our politicians will even discuss seriously cutting back the benefits that we have promised to hand out.

Nobody wants to be the bad guy.

And more specifically, very few of our politicians are willing to risk their careers in order to do what they know is right.

We are becoming a society that is completely and totally addicted to government money and government benefits.

We expect the government to take care of us from the cradle to the grave.

In many ways, the government has actually become a god to millions upon millions of Americans.

And the social engineers like it that way.

They want the government to be as large and as powerful as possible.

In fact, they don't even want us taking care of each other.

Earlier this year I wrote about how feeding the homeless is illegal in many major cities all over the United States.

Sadly, this trend has gotten even stronger since that time.

According to USA Today, more than 50 American cities have now passed "anti-camping or anti-food-sharing laws"....

Philadelphia recently banned outdoor feeding of people in city parks. Denver has begun enforcing a ban on eating and sleeping on property without permission. And this month, lawmakers in Ashland, Ore., will consider strengthening the town's ban on camping and making noise in public.

And the list goes on: Atlanta, Phoenix, San Diego, Los Angeles, Miami, Oklahoma City and more than 50 other cities have previously adopted some kind of anti-camping or anti-food-sharing laws, according to the National Law Center on Homelessness & Poverty.
So what are we supposed to do?

If it is illegal to help the homeless and it is illegal to be homeless, what is left?

The answer is obvious.

We are supposed to let the government take care of everything because the government is our super-powerful nanny that always knows what is best.

In the end, however, this system is going to collapse.  It is unsustainable by nature and the weight of our 16 trillion dollar national debt is absolutely going to crush us.

Millions of Americans realize that the system is failing, and that is why so many of them have started to prepare for the worst.

This even includes members of Congress.  For example, just check out the following excerpt from an article about U.S. Representative Roscoe Bartlett....

Deep in the West Virginia woods, in a small cabin powered by the sun and the wind, a bespectacled, white-haired man is giving a video tour of his basement, describing techniques for the long-term preservation of food in case of “an emergency.”

“We don’t really think of those today, because it’s so convenient to go to the supermarket,” he cautions. “But you know, you’re planning because the supermarket may not always be there.”

The electrical grid could fail tomorrow, he frequently warns. Food would disappear from the shelves. Water would no longer flow from the pipes. Money might become worthless. People could turn on each other, and millions would die.
Remember, this is a member of the U.S. Congress that is saying these things.

Any rational person can see that our current system is unsustainable by any definition.

Many of our politicians continue to insist that it can be "fixed" if you will just allow them to "tweak" it a bit.

Sadly, they are all lying to you.

A few small changes here and there is not going to change anything.

We need radical reconstructive surgery in this nation, and unfortunately that is not even being presented to the American people as an option in 2012.

We are just going to keep doing more of the same and we are going to keep expecting different results.

And that truly is insanity.

http://theeconomiccollapseblog.com/archives/more-than-half-of-all-americans-are-at-least-partially-dependent-on-the-government


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on August 22, 2012, 09:01:03 am
Newsweek did a piece called "Generation Screwed" recently - pretty much the majority of the 18-35 demographic, in particular recent college graduates, favor relying on the government for help. No surprise here - coming out with massive student loan debt, not may decent jobs out there, the socialist message being brainwashed at them in classes, and a combination of other things.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on September 04, 2012, 02:42:20 pm
Economic Failure: 58 Percent Of The Jobs Being Created Are Low Paying Jobs

Are you good at flipping burgers , waiting tables or stocking shelves?  Are you proficient with a cash register?  Do you enjoy doing mindless work for very low pay?  If you answered yes to any of those questions, then you are probably going to fit in very well in the new U.S. economy.  According to a report that has just been released by the National Employment Law Project, 58 percent of the jobs that have been created since the end of the recession have been low paying jobs.  So exactly what is a low paying job?  Well, the National Employment Law Project defines it as a job with an hourly wage between $7.69 and $13.83.  But of course you can't pay a mortgage or support a family on $13.83 an hour.  Even if you got full-time hours the entire year, you would make less than $28,000 on an annual basis.  The federal poverty level for a family of five is $27,010.  So needless to say, most of these new jobs are not paying enough to support a middle class lifestyle.  This represents an economic failure on a fundamental level.  Our economy is producing very few good jobs that enable people to be able to raise families and live the American Dream.  The ranks of "the working poor" are exploding and the number of Americans that are dependent on the government is sitting at an all-time record.  Sadly, if current trends continue things are going to get a lot worse.

(Read More....)
http://theeconomiccollapseblog.com/archives/economic-failure-58-percent-of-the-jobs-being-created-are-low-paying-jobs


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Kilika on September 04, 2012, 03:24:07 pm
Quote
So exactly what is a low paying job?  Well, the National Employment Law Project defines it as a job with an hourly wage between $7.69 and $13.83.  But of course you can't pay a mortgage or support a family on $13.83 an hour.  Even if you got full-time hours the entire year, you would make less than $28,000 on an annual basis.  The federal poverty level for a family of five is $27,010.

THAT is the most glaring fact in the article. Service industry type jobs are what they are refering to as far as new jobs. Virtually all of those type jobs are low wage, under $15.00/hr. Most I'd say under $12/hr.

You cannot afford the standard secular society lifestyle (i.e. house with a white picked fence, 2 kids and dog) on that wage, even for a single individual. With housing, vehicle, medical and dental, education, etc. There is no way a person can meet all those expenses. Not when your trying to live in a residence that costs at a very bare minum $500/month easy in the cheapest parts of the country for a small one bedroom apartment.

When calculating whether or not a person can afford a place, it generally is determined by approx. 25-30 percent of your gross monthly pay for rent or a mortgage. At $13.00/hr, that means you can only afford about $520/month rent. That's if you have no other expenses outside of household. Toss in full coverage auto insurance, medical of some type, food, and that income is gone.



Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on September 04, 2012, 04:25:15 pm
Yep, the so-called "American Dream" Reagan's Handlers put out in the 1980's has turned into an "American Nightmare" in recent years.

So much for Reagan's Handlers's great fiscal policies where plenty were supplied nice paying jobs to put out their American Dreams...all at the expense of skyrocketing our national debt(ie-it tripled in this same 1980's period), and has spiraled ever since.

The borrower is a slave to the lender...


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on October 22, 2012, 07:48:59 am
Job Seekers Dropping Out of the Workforce?

With U.S. unemployment reported to have fallen below 8 percent in September for the first time in four years, some suggested the job market may be on the mend.

But others say many job seekers have simply lost hope of finding work and have quit the workforce altogether.

Temping Long-Term

Glen Dodge, from Norfolk, Va., enjoyed his work as an experienced and sought-after builder for 30 years.

"[I ] started doing some construction work and remodeling with a company in D.C. and then worked my way from there into a position of basically framing houses," he told CBN News. "[I ] worked my way up into supervision and that kind of thing."

Dodge said things changed when the housing market crashed.

"We found ourselves with a bunch of houses that couldn't sell so we had to go ahead and back off of building," he said. "It was a pretty difficult time."

The market so bad that Dodge was laid off from his job. It was the first time in his adult life that he was without work.

"It was really difficult in that you feel like someone's pulled the carpet out from underneath you and so your whole world totally shifts," he explained. "We actually ended up having to sell the house and we moved into an apartment."

Since being laid off six years ago, Dodge moved from one temporary job to another, a total of 12 different jobs in all.

"I've worked for a couple of employees since the major layoff and most of it's been remodeling," he said. "They've actually gone through situations where they've had work and then it's dried up and so there's no work there and they've had to lay off. So I've had that happen twice."

College Degree and Unemployed

The 55 year old represents just one segment of the country's unemployed population.

Paul Conway, president of Generation Opportunity, a non-profit advocacy group in Arlington, Va., told CBN News that the weak labor market has hit 18 to 29 year olds especially hard.

"It's a situation that's a national issue that impacts all Americans but particularly young Americans," Conway said.

He said recent college graduates are having a tough time finding work in the down economy.

"Nearly 50 percent of them are either unemployed or underemployed," he explained.

"So when they go to look for work, they have to settle for jobs that don't require that degree and they have to compete against workers who do have those degrees or even masters degrees who themselves are older but maybe settling for jobs maybe reserved for entry level," he said.

The picture is even worse for the long-term unemployed, those out of work for more than 27 weeks. According to the U.S. Bureau of Labor Statistics, they total almost five million people and account for 40 percent of the unemployed.

Generations of Job Seekers

The most recent jobless report dropped to 7.8 percent, the first time it moved below 8 percent in nearly four years.

Despite the new numbers, more than 12 million Americans still need work. Crowds continue to line up at job fairs across the country.

"It can be a struggle most definitely. Gas prices you know, continue to rise. Food prices are very up, you know, kind of expensive," one job seeker in Atlanta, said. "So just to live on a every day basis can be very difficult in these days and times."

Conway said the lower unemployment rate is not good news and points to an even bigger problem. 

"You're having a decrease in unemployment right now is more people are dropping out of the work force. It's not that new jobs are being created," he said.

Many of those giving up looking for work are older. Statistics show the number of people age 55 and over who are without a job, or who are considered "underemployed," is on the rise.

Despite their years of experience, older, laid-off workers often compete with younger job seekers for the same jobs.

Settling for Anything

Maurice Johnston's story is just one of hundreds that have been posted on YouTube. His resume includes two masters degrees: one in plasma physics from Dartmouth and another in electrical engineering from Purdue.

After 10 years at Lockheed Aerospace and stints at teaching, he received a pink slip.

"Now I'm staying in a homeless shelter. I've been looking for work. I've come close several times," Johnston said. "They usually want someone younger."

Frustrated, more job seekers are settling for part time work because the economy is not adding enough full time job opportunities. 
 
"What's really going on is that they're in a job that they've actually taken because they had to or they had to settle with one that's below their education level and below their skill level and therefore below their earnings potential," Conway said. "And that's a major issue that's going on right now."

Meanwhile, Dodge is still searching for a stable job. He said he is trusting God to see him and his family through the tough times.

"You're hopeful in that, 'Okay, Lord, you know what you have in front of me and you know what my needs are,'" he said. "And I'm hopeful that he's going to supply all my needs which he's promised to according to his riches."

http://www.cbn.com/cbnnews/finance/2012/October/Job-Seekers-Dropping-Out-of-the-Workforce/


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on October 22, 2012, 08:47:33 am
We've been discussing this issue of "if we don't work, ye can't eat" passage in 2nd The 3 for almost a year now - again, I think this passage needs to be looked at more closely on a spiritual level. Yes, as Christians we can't be slothful, but again, scripture is spiritual, and not carnal.

As for the article above - personally, I'm a licensed CPA(and have been so for 4 years) - but I'm having a very tough time even finding contract work. It was 10 years ago when the Enron fiasco happened, and Sarbanes-Oxley that was passed by Capitol Hill opened the doors, albeit temporarily, for the Accounting/Finance industry to hire people left and right(with tighter regulations on businesses, more Accountants were needed). But again, it was only temporary, and eventually the bottom fell out for the Accounting/Finance sector, as the global economy is on the verge of collapse, and all of these banking bailouts has really hurt businesses.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on December 11, 2012, 09:43:26 am
Unemployment Is Not Going Down: The Employment Rate Has Been Under 59 Percent For 39 Months In A Row

The mainstream media is heralding the decline of the official unemployment rate to 7.7 percent as evidence that the U.S. economy is improving.  But it is a giant lie.  The truth is that unemployment in America is not actually going down.  The percentage of working age Americans with a job actually dropped slightly in November.  During the last recession, the percentage of working age Americans with a job fell from about 63 percent to under 59 percent and it has stayed there for 39 months in a row.  In September 2009, during the depths of the last economic crisis, 58.7 percent of all working age Americans were employed.  In November 2012, 58.7 percent of all working age Americans were employed.  It is more then 3 years later, and we are in the exact same place!  So how in the world are they able to pretend that the "unemployment rate" is going down steadily?  Well, they get there by pretending that hundreds of thousands of unemployed workers "leave the labor force" each month.  According to the government, another 350,000 Americans left the labor force during November, and when you keep pretending that huge chunks of workers "disappear" each month it is easy to get the "unemployment rate" to go down.  But any idiot can see that there is something really funny about these numbers.  Barack Obama has been president for less than four years, and during that time the number of Americans "not in the labor force" has increased by nearly 8.5 million.  Something seems really "off" about that number, because during the entire decade of the 1980s the number of Americans "not in the labor force" only rose by about 2.5 million.  At this point the official unemployment rate is so manipulated that it is of very little value at all.

But the mainstream media is just eating up this "good news".  They are very excited that the "unemployment rate" has fallen from its peak of 10.0 percent in October 2009 to 7.7 percent now...

rest: http://theeconomiccollapseblog.com/archives/unemployment-is-not-going-down-the-employment-rate-has-been-under-59-percent-for-39-months-in-a-row


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on December 13, 2012, 05:15:56 am
Sorry Protesters: Your Jobs Are Being Sent To China And They Aren't Coming Back

Did you see the huge crowds of protesters that flooded the Michigan Capitol on Tuesday?  They were there to protest two bills there were being considered by the state legislature that would limit the power of unions in the state.  Michigan lawmakers approved the bills and this absolutely infuriated the protesters.  There is a lot of passion on both sides of this debate, but I am afraid that both sides in this debate are missing the bigger picture.  If we keep shipping millions of our jobs to China, there isn't going to be work for anyone no matter how much power unions have or don't have.  During the month of October, the U.S. trade deficit increased to 42.2 billion dollars.  Our trade with China accounted for most of that deficit.  Our trade deficit with China in October increased to a new all-time one month record of 29.5 billion dollars.  Nearly 30 billion dollars that could have gone to U.S. businesses and U.S. workers went to China instead.  Since 1975, a total of about 8 trillion dollars that could have gone to U.S. businesses and U.S. workers went to the rest of the world instead.  Shiny new factories are going up all over China, and meanwhile our once great manufacturing cities are degenerating into desolate wastelands.  So what is going to happen when all of the good paying manufacturing jobs are gone?  Are we all going to fight bitterly over whether we should unionize the low paying jobs that remain at places such as Wal-Mart and McDonalds?  Such an approach is not going to bring back prosperity to America.  We desperately need to start building things and start creating real wealth inside this country once again.  We desperately need to stop sending tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth out of the country.  Unfortunately, I don't see anyone out there holding protests about our trade deficit.  Nobody really seems to care, so our economy will continue to bleed good jobs and the middle class will continue to be destroyed.

The funny thing is that the workers that are out there protesting these union bills actually voted for the politicians that are killing their jobs.  Both parties are married to the one world economic system and the "free trade" agenda, and Barack Obama has been one of the worst offenders.  He has been pushing for more "free trade agreements" throughout the past four years, and yet union workers continue to support him enthusiastically.

How foolish can they possibly be?

Yeah, let's merge American workers into a global labor pool with workers in third world countries on the other side of the globe that work in absolutely nightmarish conditions for as little as 45 dollars a month.  That sounds like a great idea, doesn't it?

Oh, but you don't want to work for 45 dollars a month?

You don't even want to work for 450 dollars a month?

Well, then the big corporations that fund politicians like Obama will just take your jobs and send them halfway around the planet.

Do you think that your unions will save your jobs?

Michigan already has the highest rate of union membership in the Midwest.

It also has the highest rate of unemployment in the Midwest.

Over the past couple of decades, thousands of businesses in Michigan have either closed down or moved facilities overseas.

Did the unions prevent any of that?

No.

If union bosses really wanted to do some good, they would be organizing protests against our incredibly foolish trade policies.

But instead, they tell their members to vote for politicians like Obama and then they run out to the stores and fill their carts with huge piles of products that were made in China.

Union workers need to wake up to one fundamental economic fact - in a one world economic system, the big corporations simply do not need you.  They can make their products in lots of other countries where it is legal to pay slave labor wages.

But instead of getting upset about what is really killing their jobs, union workers in Michigan are screaming mad about a couple of new laws that will take some power away from the unions.

That is kind of like being obsessed with a broken fingernail when your leg has just been sawed off and you are gushing blood all over the floor.

Oh, but union workers did put on a good show up in Michigan.  The following is how a Bloomberg article described the protests...

    Officials spent days gearing up for crowds brought out by the legislature’s sudden action last week to give initial approval to three anti-dues bills, which exclude police and firefighters. At least one helicopter buzzed overhead today, and mounted police surveyed the protesters. Signs reading “Don’t hurt working families” dotted lawns.

    The crowd numbered more than 10,000, according to State Police Inspector Gene Adamczyk, with more buses still arriving. The Capitol was closed when it reached its capacity of 2,000.

The anger surrounding these protests was almost palpable.  One state representative even declared that "there will be blood".

Meanwhile, many of those same protesters will buy toys for their kids that were made in China with wrapping paper that was made in China and they will put them under a Christmas tree that was made in China.

Merging our economy with the economy of communist China was one of the stupidest economic moves that we could have ever made.  They are systematically taking our wealth, and then we have to go over there and beg them to lend money back to us.

Pretty soon the Chinese economy will dwarf ours.  According to the National Intelligence Council, the GDP of Asia will have surpassed the GDP of North America and the GDP of all of Europe combined by 2030.

But if we had never opened up trade with communist China none of this would have ever happened.

Why won't American workers get upset about this stuff?

Do you really want your standard of living to decline to the level of a Chinese factory worker?

You can see some photos of what life is like for workers in China's toy factories right here.  This is what the future holds for American workers unless something is done.

For much more on how our trade policies are absolutely gutting our economy, please see the statistics in this article: "55 Reasons Why You Should Buy Products That Are Made In America This Holiday Season".

But no, the big unions will never dare oppose Obama.  They love him far too much to do that.

Meanwhile, we continue to bleed good jobs.  Large companies have announced the elimination of more than 100,000 jobs since November 6th, and it looks like 2013 is going to be a very difficult year for American workers.

If you are an American worker, you need to ask yourself why anyone would want to hire you in this kind of economic environment.  You are 10 to 20 times more expensive than workers on the other side of the globe.  In addition, our politicians just keep piling more rules, regulations and taxes on to the backs of the employers in this country.  It is more difficult than ever to make a profit from the labor of an American worker.

Honestly, I understand why most small businesses don't want to hire anyone in this economic environment.  It just doesn't make sense.  For much more on this, please see this excellent article by Charles Hugh-Smith.

And there are signs that things are going to get even worse.  For example, the NFIB Small Business Outlook survey dropped like a rock during November.  That is a very bad sign for hiring.

And another ominous sign for the economy was that the latest trade report showed that imports and exports are both declining.  That is usually a signal that a recession is coming.  Exports fell faster than imports did, and that is the reason why the trade deficit grew.  If imports and exports both fall again next month, it will be time to become extremely concerned.  When imports and exports both decline, that is a sign of slowing economic activity.

The United States will always need to trade with other nations, but we need to do it in a way that is balanced and that protects American workers.  Right now there is a one way conveyor belt taking businesses, jobs and money out of this country.  If we don't do something about our mammoth trade deficit, we will have no chance of reversing the steady decline of the U.S. economy.

Hopefully we can get the American people to wake up and realize this.  Instead, most of the comments at the end of this article will probably be about the pros and cons of unions.  That will be yet another sign that most people still don't get these issues.

http://theeconomiccollapseblog.com/archives/sorry-protesters-your-jobs-are-being-sent-to-china-and-they-arent-coming-back


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Kilika on December 13, 2012, 05:37:41 am
Unions have played a major role in destroying manufacturing in the US. What company would stay here when they can leave and make stuff much cheaper elsewhere?

Let's see, pay somebody $15-30.00/hour in the US, or somebody in China $2.50/week, hmm, decisions decisions.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on December 13, 2012, 11:47:24 am
Not that I endorse Lou Dobbs, but when Bush II was in office, I remember he was constantly warning about jobs being shipped overseas(back in 2004, when I regularly started watching him for a good bit then). He was one of the few that was doing so(don't recall "conservative" talk radio like Limbaugh doing so).

Of course, the masses, in particular the GOP, just wrote this off as "liberal media rhetoric"(Dobbs was employed by CNN at the time). What also didn't make sense was that over a year later, I saw Dobbs on the cover of Newsmax(a conservative rhetoric political mag).

Well, the year is 2012 now, and look where we are at...


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on January 17, 2013, 05:58:24 am
35 Statistics About The Working Poor In America That Will Blow Your Mind

In America tonight, tens of millions of men and women will struggle to get to sleep because they are stressed out about not making enough money even though they are working as hard as they possibly can.  They are called "the working poor", and their numbers are absolutely exploding.  As a recent Gallup poll showed, Americans are more concerned about the economy than they are about anything else.  But why are Americans so stressed out about our economic situation if things are supposedly getting better?  Well, the truth is that unemployment is not actually going down, and the real unemployment numbers are actually much worse than what is officially being reported by the government.  But unemployment is only part of the story.  Most American workers are still able to find jobs, but an increasing proportion of them are not able to make ends meet at the end of the month.  Our economy continues to bleed good paying middle class jobs, and to a large degree those jobs are being replaced by low income jobs.  Approximately one-fourth of all American workers make 10 dollars an hour or less at this point, and we see them all around us every day.  They flip our burgers, they cut our hair and they take our money at the supermarket.  In many homes, both parents are working multiple jobs, and yet when a child gets sick or a car breaks down they find that they don't have enough money to pay the bill.  Many of these families have gone into tremendous amounts of debt in order to try to stay afloat, but once you get caught in a cycle of debt it can be incredibly difficult to break out of that.

So what is the solution?  Well, the easy answer would be that we need the U.S. economy to start producing more good paying jobs, but that is easier said than done.  Our big corporations continue to ship huge numbers of good paying manufacturing jobs out of the country, and millions of Americans have been forced to scramble to find whatever work is available.  Today, there are so many very talented American workers that are trapped in low wage work.  According to the Working Poor Families Project, "about one-fourth of adults in low-income working families were employed in just eight occupations, as cashiers, cooks, health aids, janitors, maids, retail salespersons, waiters and waitresses, or drivers."  A lot of those people could do so much more for society, but they don't have the opportunity.

Sadly, the percentage of low paying jobs in our economy continues to increase with each passing year, so this is a problem that is only going to get worse.  So don't look down on the working poor.  The good paying job that you have right now could disappear at any time and you could end up joining their ranks very soon.

The following are 35 statistics about the working poor in America that will blow your mind...

#1 According to the U.S. Census Bureau, more than 146 million Americans are either "poor" or "low income".

#2 According to the U.S. Census Bureau, 57 percent of all American children live in a home that is either "poor" or "low income".

#3 Back in 2007, about 28 percent of all working families were considered to be among "the working poor".  Today, that number is up to 32 percent even though our politicians tell us that the economy is supposedly recovering.

#4 Back in 2007, 21 million U.S. children lived in "working poor" homes.  Today, that number is up to 23.5 million.

#5 In Arkansas, Mississippi and New Mexico, more than 40 percent all of working families are considered to be "low income".

#6 Families that have a head of household under the age of 30 have a poverty rate of 37 percent.

#7 Half of all American workers earn $505 or less per week.

#8 At this point, one out of every four American workers has a job that pays $10 an hour or less.

#9 Today, the United States actually has a higher percentage of workers doing low wage work than any other major industrialized nation does.

#10 Median household income in the United States has fallen for four consecutive years.

#11 Median household income for families with children dropped by a whopping $6,300 between 2001 and 2011.

#12 The U.S. economy continues to trade good paying jobs for low paying jobs.  60 percent of the jobs lost during the last recession were mid-wage jobs, but 58 percent of the jobs created since then have been low wage jobs.

#13 Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#14 According to the U.S. Census Bureau, the middle class is taking home a smaller share of the overall income pie than has ever been recorded before.

#15 There are now 20.2 million Americans that spend more than half of their incomes on housing.  That represents a 46 percent increase from 2001.

#16 Low income families spend about 8.6 percent of their incomes on gasoline.  Other families spend about 2.1 percent.

#17 In 1999, 64.1 percent of all Americans were covered by employment-based health insurance.  Today, only 55.1 percent are covered by employment-based health insurance.

#18 According to one survey, 77 percent of all Americans are now living paycheck to paycheck at least part of the time.

#19 Millions of working poor families in America end up taking on debt in a desperate attempt to stay afloat, but before too long they find themselves in a debt trap that they can never escape.  According to a recent article in the New York Times, the average debt burden for U.S. households that earn $20,000 a year or less "more than doubled to $26,000 between 2001 and 2010".

#20 In 1989, the debt to income ratio of the average American family was about 58 percent.  Today it is up to 154 percent.

#21 According to the Economic Policy Institute, the wealthiest one percent of all Americans households on average have 288 times the amount of wealth that the average middle class American family does.

#22 In the United States today, the wealthiest one percent of all Americans have a greater net worth than the bottom 90 percent combined.

#23 According to Forbes, the 400 wealthiest Americans have more wealth than the bottom 150 million Americans combined.

#24 The six heirs of Wal-Mart founder Sam Walton have a net worth that is roughly equal to the bottom 30 percent of all Americans combined.

#25 Sadly, the bottom 60 percent of all Americans own just 2.3 percent of all the financial wealth in the United States.

#26 The average CEO now makes approximately 350 times as much as the average American worker makes.

#27 Corporate profits as a percentage of GDP are at an all-time high.  Meanwhile, wages as a percentage of GDP are near an all-time low.

#28 Today, 40 percent of all Americans have $500 or less in savings.

#29 The number of families in the United States living on 2 dollars a day or less more than doubled between 1996 and 2011.

#30 The number of Americans on food stamps has grown from 17 million in the year 2000 to more than 47 million today.

#31 Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.

#32 More than one out of every four children in the United States is enrolled in the food stamp program.

#33 Incredibly, a higher percentage of children is living in poverty in America today than was the case back in 1975.

#34 If you can believe it, the federal government hands out money to 128 million Americans every single month.

#35 Federal spending on welfare has reached nearly a trillion dollars a year, and it is being projected that it will increase by another 80 percent over the next decade.

http://theeconomiccollapseblog.com/archives/35-statistics-about-the-working-poor-in-america-that-will-blow-your-mind


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on April 08, 2013, 04:09:06 am
More Than 101 Million Working Age Americans Do Not Have A Job

The jobs recovery is a complete and total myth.  The percentage of the working age population in the United States that had a job in March 2013 was exactly the same as it was all the way back in March 2010.  In addition, as you will see below, there are now more than 101 million working age Americans that do not have a job.  But even though the employment level in the United States has consistently remained very low over the past three years, the Obama administration keeps telling us that unemployment is actually going down.  In fact, they tell us that the unemployment rate has declined from a peak of 10.0% all the way down to 7.6%.  And they tell us that in March the unemployment rate fell by 0.1% even though only 88,000 jobs were added to the U.S. economy.  But it takes at least 125,000 new jobs a month just to keep up with population growth.  So how in the world are they coming up with these numbers?  Well, the reality is that the entire decline in the unemployment rate over the past three years can be accounted for by the reduction in size of the labor force.  In other words, the Obama administration is getting unemployment to go down by pretending that millions upon millions of unemployed Americans simply do not want jobs anymore.  We saw this once again in March.  According to the U.S. Bureau of Labor Statistics, more than 600,000 Americans dropped out of the labor market during that month alone.  That pushed the labor force participation rate down  to 63.3%, which is the lowest it has been in more than 30 years.  So please don't believe the hype.  The sad truth is that there has been no jobs recovery whatsoever.

If things were getting better, there would not be more than 101 million working age Americans without a job.

So exactly where does that statistic come from?  Well, the following explains where I got that number...

According to the U.S. Bureau of Labor Statistics, there are 11,742,000 working age Americans that are officially unemployed.

In addition, the U.S. Bureau of Labor Statistics says that there are 89,967,000 working age Americans that are "not in the labor force".  That is a new all-time record, and that number increased by a whopping 663,000 during the month of March alone.

When you add 11,742,000 working age Americans that are officially unemployed to the 89,967,000 working age Americans that are "not in the labor force", you come up with a grand total of 101,709,000 working age Americans that do not have a job.

When you stop and think about it, that is an absolutely staggering statistic.

And anyone that tells you that "a higher percentage of Americans are working today" is telling you a complete and total lie.  During the last recession the percentage of working age Americans with a job fell dramatically, and since then we have not seen that number bounce back at all.  In fact, this is the very first time in the post-World War II era that we have not seen the employment-population ratio bounce back after a recession.  At this point, the employment-population ratio has been under 60 percent for 49 months in a row...

Employment-Population Ratio 2013
(http://theeconomiccollapseblog.com/wp-content/uploads/2013/04/Employment-Population-Ratio-2013-425x255.png)

Since the end of 2009, the employment-population ratio has been remarkably steady.  Just check out these numbers...

March 2008: 62.7 percent

March 2009: 59.9 percent

March 2010: 58.5 percent

March 2011: 58.4 percent

March 2012: 58.5 percent

March 2013: 58.5 percent

We should be thankful that the percentage of working age Americans with a job did not continue to decline, but we should also be quite alarmed that it has not bounced back at all.

If there was going to be a recovery, there would have been one by now.  The next major economic downturn is rapidly approaching, and that is going to push the employment-population ratio down even farther.

So why is the U.S. economy not producing as many jobs as it used to?  Well, certainly the overall decline of the economy has a lot to do with it.  We are a nation that is drowning in debt and that is getting poorer by the day.

But since the end of the last recession, corporate profits have bounced back in a big way and are now at an all-time high.  So you would figure that the big corporations should be able to hire a lot more workers by now.

Unfortunately, that is not the way things work anymore.  Big corporations are trying to minimize the number of expensive American workers that they have on their payrolls as much as possible these days.

One way that they are doing this is through the use of technology.  Thanks to robots, computers and other forms of technology, big corporations simply do not need as many human workers as they used to.  In future years, this trend is only going to accelerate.  I wrote about how this is changing the world of employment in one of my previous articles entitled "Rise Of The Droids: Will Robots Eventually Steal All Of Our Jobs?"

Another way that big corporations are replacing expensive American workers is by shipping their jobs off to the other side of the globe.  Big corporations know that they can make bigger profits by making stuff in foreign countries where they can pay workers less than a dollar an hour with no benefits.  How in the world are American workers supposed to compete with that?

For much more on how U.S. jobs are being killed by offshoring, please see this article: "55 Reasons Why You Should Buy Products That Are Made In America".

And of course immigration is having a dramatic impact on the labor market in some areas of the country as well.  Cheap labor has dramatically driven down wages in a lot of professions.  For example, once upon a time you could live a very nice middle class lifestyle as a roofer.  But now many roofers really struggle to make a living.

When you add everything up, it paints a very bleak picture for the future of the American worker.

The cost of living keeps rising much faster than wages do, and the competition for good jobs has become incredibly fierce.

Meanwhile, the government continues to make things even easier for those that are not working.  This has caused some Americans to give up completely and to be content with letting the government take care of them.  The following is from a recent article by Monty Pelerin...

    As we make it easier to get unemployment benefits for longer time periods, more people take advantage of the system. So too with food stamps and disability. All programs are at or near record levels in what is supposed to be four years into an economic recovery. For many, the benefits of becoming a government dependent exceed what they can earn. One study reported that a family of four, collecting all the benefits for which they were entitled, would have to earn $65,000 per annum to have the same after-tax purchasing power.

    If you are a product of the government schools and are legal to work (i.e., have skills enough that you are affordable at the minimum wage or higher), at what point do you realize that there is no need to go through the hassle of actual work. You can live pretty well by staying home and taking advantage of the entitlements available to you. That is exactly what a larger and larger percentage of the population are realizing. In many cases, it is economically irrational to work.

    This behavior creates a social pathology that only worsens over time. Kids learn from their parents that work is not necessary and the many ways to game the system. In this regard, look for this problem to become worse over time unless these programs are cut back.

In some areas of the country, it actually pays not to work very hard.  According to Gary Alexander, the Secretary of Public Welfare for the state of Pennsylvania, a "single mom is better off earnings gross income of $29,000 with $57,327 in net income & benefits than to earn gross income of $69,000 with net income and benefits of $57,045."

But the truth is that most Americans still want to work hard and would gladly take a good job if they could just find one.  The following is one example that was featured in a recent Fox News article...

    After a full year of fruitless job hunting, Natasha Baebler just gave up.

    She'd already abandoned hope of getting work in her field, working with the disabled. But she couldn't land anything else, either — not even a job interview at a telephone call center.

    Until she feels confident enough to send out resumes again, she'll get by on food stamps and disability checks from Social Security and live with her parents in St. Louis.

    "I'm not proud of it," says Baebler, who is in her mid-30s and is blind. "The only way I'm able to sustain any semblance of self-preservation is to rely on government programs that I have no desire to be on."

And that is how most Americans feel.

Most Americans do not want to be dependent on the government.

Most Americans want to work hard and take care of themselves.

Unfortunately, our economy is not producing nearly enough jobs for everyone and it never will again.

So there will continue to be millions upon millions of Americans that find that they cannot take care of themselves and their families without government assistance no matter how hard they try.

And this is just the beginning - things are going to get much worse during the next major wave of the economic collapse.

Yes, at the moment there are more than 101 million working age Americans that do not have a job, but that number is actually going to go much higher in the years ahead.  The anger and frustration caused by a lack of employment opportunities is going to shake this nation.

That is why it is important to try to become less dependent on your own job.  In this economic environment, a job can disappear at literally any moment.  Anything that you can do to become less dependent on the system would be a good thing.

http://theeconomiccollapseblog.com/archives/more-than-101-million-working-age-americans-do-not-have-a-job


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on July 10, 2013, 07:14:45 am
The Decline Of Breadwinner Jobs Has Resulted In The Longest Bread Lines In American History

As the number of good jobs continues to decline, the number of Americans that cannot take care of themselves without government assistance continues to explode.  On Friday, we learned that the U.S. economy added "195,000 jobs" last month.  But when you look deeper at the numbers, another story emerges.  Last month, the U.S. economy actually lost 240,000 full-time jobs.  Overall, the U.S. economy has only added 130,000 full-time jobs in 2013, but it takes about 90,000 full-time jobs a month just to keep up with population growth.  So we are losing quite a bit of ground as far as full-time jobs are concerned.  Meanwhile, the U.S. economy has added more than 500,000 part-time jobs so far this year.  Unfortunately, there are very, very few part-time and temp jobs that can be considered "breadwinner jobs".  Part-time jobs are great for teenagers, university students and elderly people that only want to work a limited number of hours, but what most Americans need are good paying full-time jobs with benefits that will allow them to take care of their families.  Unfortunately, those jobs are continually becoming a smaller part of our economy.
 
As David Stockman has noted, the U.S. economy has only regained 200,000 of the 5.6 million breadwinner jobs that were lost during the last recession...
 

By September 2012, the S&P 500 was up by 115 percent from its recession lows and had recovered all of its losses from the peak of the second Greenspan bubble. By contrast, only 200,000 of the 5.6 million lost breadwinner jobs had been recovered by that same point in time. To be sure, the Fed’s Wall Street shills breathlessly reported the improved jobs “print” every month, picking and choosing starting and ending points and using continuously revised and seasonally maladjusted data to support that illusion. Yet the fundamentals with respect to breadwinner jobs could not be obfuscated.
 
This is a big problem.  As I wrote about the other day, the quality of jobs in America is falling very fast.  Only 47 percent of all adults in the United States have a full-time job at this point, and 53 percent of all American workers make less than $30,000 a year.
 
Meanwhile, the number of part-time jobs has hit an all-time record high, and the number of temp jobs is absolutely exploding.
 
Incredibly, the number of temp jobs has increased by more than 50 percent since the end of the recession.  Approximately 10 percent of the jobs lost during the last recession were temp jobs, but close to 20 percent of the jobs gained since then have been temp jobs.
 
We are witnessing a fundamental shift in our economy.  Full-time jobs are on the decline.  Part-time and temp jobs are on the rise.
 
In fact, the second largest employer in the United States is now a temp agency.  Kelly Services has become the second largest employer in the country after Wal-Mart.
 
But it is really hard to pay the bills stocking shelves at Wal-Mart or working temp jobs for Kelly Services.
 
Unfortunately, these days millions of American workers find themselves having to take whatever they can find.  We live during a period of chronic unemployment.  In fact, according to John Williams of shadowstats.com, unemployment in the United States is now higher than it was at any point during the last recession after you factor in discouraged workers and workers that have taken part-time jobs for economic reasons.
 
So why don't more Americans go out and start businesses and create their own jobs?
 
Unfortunately, thanks to the federal government, state governments and local governments, the environment for small businesses in America today is incredibly toxic.  In fact, the percentage of self-employed workers in this country is at an all-time record low.
 
As a result of everything that I have discussed above, more Americans than ever find that they cannot take care of themselves without government assistance.
 
I have often written about the fact that the number of Americans on food stamps has skyrocketed in recent years.  In the year 2000, there were only 17 million Americans on food stamps.  Today, there are more than 47 million Americans on food stamps.
 
But the number of Americans that are dependent on our "modern day bread lines" is actually far higher than that.
 
According to a recent CNS News article, a total of 101 million Americans are enrolled in food assistance programs.  The following are some of the staggering numbers for some of these programs...
 

The National School Lunch program provides 32 million students with low-cost or no-cost meals daily; 10.6 million participate in the School Breakfast Program; and 8.9 million receive benefits from the Woman, Infants and Children (WIC) program each month, the latter designed for low-income pregnant, breastfeeding, and postpartum women, as well as children younger than 5 years old.
 
In addition, 3.3 million children at day care centers receive snacks through the Child and Adult Care Food Program.
 
There’s also a Special Milk Program for schools and a Summer Food Service Program, through which 2.3 million children received aid in July 2011 during summer vacation.
 
At farmer’s markets, 864,000 seniors receive benefits to purchase food and 1.9 million women and children use coupons from the program.
 
Yes, there is some overlap in some of these programs.  So the actual number of Americans receiving food assistance is going to be less than 101 million.
 
But clearly something has gone horribly wrong.  Our economy is not producing enough good jobs, and more Americans than ever cannot take care of themselves as a result.
 
This is not normal.  What we are witnessing is the slow-motion collapse of the middle class.  The number of Americans that are dependent on the government for their daily bread is so large that it is difficult to comprehend.  The following are a few statistics from my recent article entitled "21 Facts About Rising Government Dependence In America That Will Blow Your Mind"...
 
-Back in the 1970s, about one out of every 50 Americans was on food stamps.  Today, about one out of every 6.5 Americans is on food stamps.
 
-Today, the number of Americans on food stamps exceeds the entire population of the nation of Spain.
 
-According to one calculation, the number of Americans on food stamps now exceeds the combined populations of “Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming.”
 
You can read the rest of that article right here.
 
So what is the solution?
 
Well, we need a lot more full-time "breadwinner jobs" that will enable men and women to be able to take care of their families.
 
Unfortunately, we continue to ship millions of good jobs overseas, and our politicians continue to pursue policies which are making the business environment in this country very toxic.
 
There is not going to be any easy way to fix all of this.  We should have seen a nice bounce in the employment numbers during this so-called "recovery", but that did not happen.  And now the next wave of the economic collapse is rapidly approaching, and the employment crisis in this country is going to become a lot more painful.

http://theeconomiccollapseblog.com/archives/the-decline-of-breadwinner-jobs-has-resulted-in-the-longest-bread-lines-in-american-history


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Kilika on July 10, 2013, 02:30:13 pm
Quote
But clearly something has gone horribly wrong.  Our economy is not producing enough good jobs, and more Americans than ever cannot take care of themselves as a result.

Indeed it has! Blame it on, "the love of money..."

The biggest reason is money, or the lack thereof, and that's because the government takes so much from citizens, only to turn around and hand it back out, selectively, to those the government deems worthy of "their" assistance.

You don't play by the government rules, no fed money for you, is the game they play.

And part of that game is to convince the people that the federal government is the "caretaker" of the country. BULL. It is not.

The fact is, the federal level of government has very little authority, constitutionally speaking. Pretty much everything is a state issue to be handled by the residents of each state as those residents see fit, based on their own state constitution, which is in effect the US Constitution. This is why some state constitutions includes word for word the national constitution.

http://www.usconstitution.net/stateconst.html (http://www.usconstitution.net/stateconst.html)

http://blog.constitutioncenter.org/2010/10/the-4-differences-between-the-federal-and-state-constitutions/ (http://blog.constitutioncenter.org/2010/10/the-4-differences-between-the-federal-and-state-constitutions/)

Quote
What is a state constitution?

Any intelligent discussion of these reform efforts and issues requires and understanding of state constitutions themselves, and the variety of ways in which they differ from the more familiar federal constitution. State constitutions are, however, low-visibility constitutions.

When talking about state constitutions, it is often difficult to generalize. Many will feel a familiarity with some state constitutions because of similarities with the federal Constitution. But there are many differences, as well. Here are four of them.

1. State constitutions perform different functions (generally limit plenary powers rather than grant enumerated powers), have different origins (from the people themselves), and have a different (longer) form

2. State constitutions contain many more policy-oriented provisions, built up over time, as well as provisions concerning the character, virtue and even morality of the state’s people. In fact, state constitutions are more democratic than the federal constitution in that they involve the citizenry in approving their amendment and revision, voting to approve borrowing, and in many states like Iowa, electing judges.

3. State constitutions better reflect the input of the alternative voices of African Americans, Hispanics, Native Americans and women—voices that have had little impact on the federal Constitution. The differences can obscure one of the most fundamental aspects of state constitutions: the significant impact that a number of them adopted before the federal Constitution, had on our national legal charter.

4. The mechanisms of revision. While there is but one, relatively difficult, way to amend the federal Constitution, amendments or revisions of state constitutions can be accomplished through legislative, constitutional convention or constitutional commission proposals, as well as by initiative in some states.

There are substantial political difficulties today with state constitutional amendment and revision, including popular distrust of constitutional conventions and other constitution-making processes. Further, there is extensive judicial involvement in litigation considering the substance and procedure of state constitutional amendment and revision. Some processes of state constitutional change can only be utilized, for example, to amend the state constitution but not to revise it.
New Judicial Federalism

One of the more recent developments that has helped create a rebirth in state constitutional study and practice is the growth of what is known as the New Judicial Federalism (NJF), in which attorneys and others mine state constitutions for interpretations that offer more protective rights than similar provisions of the federal Constitution.
Too many state courts fail to acknowledge the difference between state and federal rights protections.

Justice William Brennan helped energize this movement when he called states “laboratories of democracy.” This raises the potential for dual, or dueling, claims in state and federal court, which implicate a number of methodology issues, including the sequencing of arguments and development of criteria for recognizing rights beyond the federal minimum standards. Too many state courts fail to acknowledge the possible difference between state and federal rights protections, and others present “lockstepping,” in which they announce that, in the future, the state and federal rights provisions will be interpreted identically or similarly. (cont.)


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on August 23, 2013, 05:24:30 am
Gallup: Unemployment Rate Jumps from 7.7% to 8.9% In 30 Days

Outside of the federal government's Bureau of Labor statistics, the Gallup polling organization also tracks the nation's unemployment rate. While the BLS and Gallup findings might not always perfectly align, the trends almost always do and the small statistical differences just haven't been worthy of note. But now Gallup is showing a sizable 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% today.

http://www.breitbart.com/Big-Government/2013/08/21/Gallup-Unemployment-jumped-from-77-to-89


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on August 23, 2013, 10:10:25 am
Gallup: Unemployment Rate Jumps from 7.7% to 8.9% In 30 Days

Outside of the federal government's Bureau of Labor statistics, the Gallup polling organization also tracks the nation's unemployment rate. While the BLS and Gallup findings might not always perfectly align, the trends almost always do and the small statistical differences just haven't been worthy of note. But now Gallup is showing a sizable 30 day jump in the unemployment rate, from 7.7% on July 21 to 8.9% today.

http://www.breitbart.com/Big-Government/2013/08/21/Gallup-Unemployment-jumped-from-77-to-89

BOTH of these polls are wrong - the unemployment rate is higher than even that Gallup poll, and has been in recent years.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Kilika on August 23, 2013, 03:43:16 pm
I tend to agree that the numbers are rather...uh...disingenuous. Okay, why mince words, they are lies.

For business, things have been going great, for those who tow the line.

Individual citizens? It's a nightmare that is just getting started. And we are already seeing the trickle down effect through layoffs and employees and spouses being dropped from medical coverage, like at UPS, and claiming it's Obamacare.

Not sure how much effect it has actually had to this point, but it's not stopping companies and state insurance from going proactive in their changes.

Here in Arizona, I just had confirmed yesterday that my application to the state for coverage for my medical was turned down, solely because I'm over 18 and have no kids in the house. So what do I do about the MASSIVE bills that are coming? As it stands, we cannot pay anywhere near what the bills will be. We really cannot afford any medical coverage, even for the wife at her job, which is a complete insulting joke of coverage with a $10,000 co-pay BEFORE any coverage kicks in at all. So effectively, we have to pay 10 grand up front before ANY bills are covered at all.

Then there is the monthly cost of the coverage, which is over $200/month just for my wife as an employee. It's over $400/month with me, IF they would cover me, which they won't because of previous heart history! My medical history makes me basically uninsurable at any price other than full cash pay out of pocket. My heart bills alone I have no doubt will be north of $150,000 for a double bypass surgery.

So now I get to sit back and watch God work miracles because that is what it's going to take for us to get through this one!

What the US government is doing about this is going to destroy A LOT of families! Thank God we have made the effort to be wise with what we have as best we can, and try to keep any expenses to a minimum. We can't cut much more, as there isn't much left we can cut. And we sure cannot cut enough to make up the difference in two lifetimes.

I truly feel for those without faith, because they are on the verge of getting old school slammed financially, and I honestly believe some people will die directly as a result of the US government's love of money and just pure wickedness.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on August 24, 2013, 06:06:31 am
the real number is over 20%.

http://www.wnd.com/2013/08/heres-the-real-unemployment-rate-2/



Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on September 09, 2013, 06:48:14 am
The Number Of Private Sector Jobs Fell By 278,000 Last Month But The Economy Is Getting Better?

Have you heard about the "wonderful" employment numbers that were just released?  Last month, the unemployment rate declined to 7.3 percent.  Somehow this happened even though the percentage of working age Americans with a job actually declined and the number of private sector workers fell by 278,000.  So how did the federal government magically produce a drop in the unemployment rate even though less people have jobs?  Well, they did it by pretending that more than half a million Americans "dropped out of the labor force" last month.  If the government is to be believed, the number of Americans that want to work dropped by an astounding 516,000 in a single month even though the population of our country is constantly increasing.  The federal government continues to feed us absolutely absurd numbers month after month, and at this point "the official unemployment rate" is essentially meaningless.
 
But that doesn't mean that Barack Obama is about to drop the charade.  In fact, he continues to insist that the economy is getting better.  The following is an excerpt from one of Obama's recent weekly radio addresses...
 

Over the past four and a half years, we’ve fought our way back from the worst recession of our lifetimes. And thanks to the grit and resilience of the American people, we’ve begun to lay a foundation for stronger, more durable economic growth.
 
Oh really?
 
Does he actually believe that anyone is still buying what he is saying?
 
The cold, hard truth is that the U.S. economy has not recovered while Obama has been in the White House.  If you doubt this, please see my previous article entitled "33 Shocking Facts Which Show How Badly The Economy Has Tanked Since Obama Became President".
 
Since World War II, the percentage of working age Americans that is employed had always bounced back dramatically after a recession ended.
 
Unfortunately, that has not happened this time.
 
As you can see from the chart posted below, the percentage of working age Americans with a job has stayed below 59 percent since late 2009.  This chart reflects the most recent employment numbers...

(http://theeconomiccollapseblog.com/wp-content/uploads/2013/09/Employment-Population-Ratio-2013-425x255.png)

So where is the recovery Obama?
 
Can he possibly put a positive spin on the chart above?
 
Of course not.
 
The truth is that the official unemployment rate should still be up around 10 percent like it was a few years ago.
 
But that wouldn't make Obama look very good, would it?  So the U.S. government has been pretending that millions upon millions of Americans have been "leaving the labor force".  This has pushed the labor force participation rate to a 35-year-low...

(http://theeconomiccollapseblog.com/wp-content/uploads/2013/09/Labor-Force-Participation-Rate-425x255.png)

At this point, we have more than 90 million Americans that are considered to be "not in the labor force"...
 

On Friday, the BLS reported that the 90,473,000 Americans not currently in the labor force marked the first time the figure exceeded the 90 million threshold.
 
In January 2009, when President Obama first took office, there were 80.5 million Americans 16 years and older not in the labor force, meaning the number of Americans not in the labor force has increased 10 million during his presidency.
 
For men, the BLS reported the labor force participation rate, the percentage of the population working or considered looking for work, was 63.2 percent in August, basically unchanged from 63.5 percent in July. It’s also a record low.
 
How low can that number possibly go?
 
Meanwhile, the quality of our jobs continues to decline rapidly as well.  If you can believe it, at this point more than 40 percent of all U.S. workers actually make less than what a full-time minimum wage worker made back in 1968.
 
As a result, the U.S. middle class is steadily dying.  The following is from a recent Yahoo article...
 

It’s the elephant in the room no one wants to talk about…
 
The middle class in the U.S. economy is on the verge of collapse. Yes, I said collapse. That social class that once helped the U.S. economy grow and prosper is coming apart. Will the U.S. economy ever be the same without it or is this the new norm?
 
For much more on this, please see my previous article entitled "44 Facts About The Death Of The Middle Class That Every American Should Know".
 
And unfortunately, things look like they may start getting a lot worse for ordinary Americans.
 
There are a couple of major events which could potentially cause our economic decline to accelerate greatly in September...
 
#1 Fed Tapering
 
Right now, there is not much demand for U.S. Treasury bonds.  Foreigners have become net sellers of U.S. Treasuries and domestic demand has become quite weak.  Without the Federal Reserve buying up tens of billions of dollars worth of U.S. Treasuries each month, where will the demand come from?
 
That is a very good question.  If the Fed starts to taper quantitative easing in September, that is almost certainly going to send bond yields soaring.  Already, bond yields have been rising steadily, and if they get too high it is going to be absolutely disastrous for the U.S. economy.
 
#2 War With Syria
 
If the U.S. attacks Syria, it will likely cause financial markets all over the planet to descend into chaos and send the price of oil skyrocketing.
 
And that assumes that the conflict is limited to only the United States and Syria.  If Syria decides to retaliate by launching missiles at Israeli cities, that will set off a major regional war in the Middle East and the consequences for the global economy will be off the charts.
 
So as bad as the U.S. economy is right now, the truth is that things could easily get much, much worse.
 
Let us hope for the best, but let us also prepare for the worst.

http://theeconomiccollapseblog.com/archives/the-number-of-private-sector-jobs-fell-by-278000-last-month-but-the-economy-is-getting-better


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on November 01, 2013, 05:29:12 am
All-Time High Unemployment: The Economic Depression In Europe Just Keeps Getting Deeper

The unemployment rate in the eurozone is higher than it has ever been before.  This week we learned that eurozone unemployment came in at an all-time high of 12.2 percent for September.  Back in January 2012, it was sitting at just 10.4 percent.  So anyone that believes that "things are getting better" in Europe is just being delusional.  In fact, the economic depression in Europe just keeps getting deeper.  The funny thing is that the mainstream media will barely call what is going on in Europe a "recession" even though the unemployment rates in both Spain and Greece are now much higher than anything that the United States ever experienced during the "Great Depression" of the 1930s.  There haven't been as many headlines about the financial crisis in Europe lately because the ECB has been papering over the debt problems of the periphery (at least for the moment), but the economic conditions on the ground for average Europeans just continue to get even worse.  Later on in this article, you will read about a 25-year-old Spanish man with three college degrees that moved to London in a desperate search for a job who is now cleaning up poop for a living.  The economic collapse of Europe continues to march on, and there is no end in sight.
 
All you have to do is look at the latest unemployment numbers to realize that things are getting worse in Europe.
 
In Italy, the unemployment rate is up to 12.5 percent.
 
In January 2012, less than two years ago, it was sitting at just 8.9 percent.
 
In Greece, the unemployment rate is up to an astounding 27.6 percent.
 
In January 2012, it was sitting at just 21.4 percent.
 
In Spain, the unemployment rate is up to 26.6 percent.
 
In January 2012, it was sitting at just 22.8 percent, and all the way back in January 2008 it was just 8.6 percent.
 
The youth unemployment statistics in the eurozone are even more horrifying...
 

Unemployment among the under-25s rose by 22,000 in September to 3,548,000 – nudging up youth jobless rate to 24.1%. In France, the youth jobless rate jumped from 25.6% to 26.1%, while in Italy it increased from 40.2% to 40.4%.
 
But as bad as those numbers are, they are nothing compared to what is going on in Spain and Greece.  In Spain, the youth unemployment rate is up to 56.5 percent, and in Greece the youth unemployment rate is up to 57.3 percent.
 
And of course unemployment is not the only problem that the European economy is dealing with right now.  The following are some more facts about the European economy that show that the economic depression in Europe just keeps getting deeper...
 
-European car sales are on pace to hit a 23 year low in 2013.
 
-The percentage of "bad loans" in Spain has soared to a new all-time record high.
 
-The number of mortgage applications in Spain has fallen 90 percent since the peak of the market.
 
-Citigroup is projecting that the unemployment rate in Greece will reach 32 percent in 2015.
 
-Over the last several years, Italy has experienced the biggest collapse in GDP growth that it has ever seen.  Overall, the GDP of Italy has contracted by about 8 percent since 2008.
 
-The number of unemployed workers in Cyprus is now five times higher than it was before the financial crisis of 2008.
 
-It is being projected that Spain's debt to GDP ratio will rise to nearly 100 percent by the end of next year.
 
-The debt to GDP ratio of Portugal is already up to 123 percent.
 
-The debt to GDP ratio of Italy is already up to 127 percent.
 
-Even though Greece has implemented a whole host of "austerity measures", the debt to GDP ratio of Greece is now up to 156 percent.
 
But what these numbers cannot really communicate is the tremendous amount of pain and despair that millions upon millions of Europeans are experiencing right now.
 
For example, consider the story of Benjamin Serra Bosch, a 25-year-old Spanish man that moved to London in a desperate search for a job.  He has three college degrees, including a Master's Degree from the IEBS Business School in Barcelona.  The following is a rough translation of a message that he recently posted on Facebook...
 

My name is Benjamín Serra, I have two bachelor degrees and a master's degree, and I clean toilets.
 
No, it is not a joke. I do it to pay the rent for my room in London.
 
I've been working in a famous chain of cafes in the United Kingdom since May, and for the first time today, after 5 months working there, I see it clearly. I have been cleaning toilets. My thought was: "I received distinction in my two degrees and I clean other peoples' poop in a country that isn't my own." Well, I also make coffee, clean the tables and wash cups.
 
And I am not ashamed to do so. Cleaning is a very decent job. What embarrasses me is having to do so because no one has given me an opportunity in Spain. Like me, there are many Spaniards, especially in London. "You are a plague," I was told once here. And let's not kid ourselves. We are not young people on an adventure to learn the language and have new experiences. We are immigrants.
 
I've always been very proud, I am not going to deny. Those who know me, you know. And I have to bust out a smile at customers who look over my shoulder as I am simply a "barista" (as they call it here). Some are so outrageous that it makes me want to pull out my University and master degrees and put them in their face. But it would not really do anything.  It appears that those titles now only serve to clean the poop that I clean from the toilets in the cafe. A pity.
 
I thought that it deserved something better after putting so much effort in my academic life. It seems that I was wrong.
 
As economic conditions continue to decline all over Europe, anger and frustration with the "European experiment" continue to grow.  UKIP's Nigel Farage expressed these sentiments very eloquently during a speech on the 23rd of October when he stated that "what we are saying, large numbers of us from every single EU member state is: we don't want that flag, we don't want the anthem that you all stood so ram-rod straight for yesterday, we don't want EU passports, we don't want political union."
 
Unfortunately, the elite of Europe are so obsessed with their little experiment that the only "solutions" to these economic problems that they are even willing to consider involve even more European integration.
 
And Americans certainly should not be looking down their noses at what is happening in Europe.
 
What is going on in Italy, France, Spain and Greece will be coming here soon enough.  In fact, even during the midst of this so-called "economic recovery", poverty continues to absolutely explode in the United States.
 
Economic conditions in both the United States and Europe have never even gotten close to where they were prior to 2008, and now the next major wave of the economic collapse is rapidly approaching.
 
This is just the beginning.  Things are going to get much worse in the years ahead.

http://theeconomiccollapseblog.com/archives/all-time-high-unemployment-the-economic-depression-in-europe-just-keeps-getting-deeper


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on November 11, 2013, 05:47:03 am
10 Facts About The Growing Unemployment Crisis In America That Will Blow Your Mind

Did you know that there are more than 102 million working age Americans that do not have a job?  Yes, I know that number sounds absolutely crazy, but it is true.  Right now, there are more than 11 million Americans that are considered to be "officially unemployed", and there are more than 91 million Americans that are not employed and that are considered to be "not in the labor force".  When you add those two numbers together, the total is more than 102 million.  Overall, the number of working age Americans that do not have a job has increased by about 27 million since the year 2000.  But aren't things getting better?  After all, the mainstream media is full of headlines about how "good" the jobs numbers for October were.  Sadly, the truth is that the mainstream media is not being straight with the American people.  As you will see below, we are in the midst of a long-term unemployment crisis in America, and things got even worse last month.

In this day and age, it is absolutely imperative that people start thinking for themselves.  Just because the media tells you that something is true does not mean that it actually is.  If unemployment was actually going down, the percentage of the working age population that has a job should actually be going up.  As you are about to see, that is simply not the case.  The following are 10 facts about the growing unemployment crisis in America that will blow your mind...

#1 The percentage of working age Americans with a job fell to 58.3 percent in October.  The lowest that number has been at any point since the year 2000 is 58.2 percent.  In other words, there has been absolutely no "jobs recovery".  During the last recession, the civilian employment-population ratio dropped from about 63 percent to below 59 percent and it has stayed there for 50 months in a row.  Will the percentage of working age Americans with a job soon drop below the 58 percent mark?...

(http://theeconomiccollapseblog.com/wp-content/uploads/2013/11/Employment-Population-Ratio-November-2013-425x255.png)

#2 The U.S. economy lost 623,000 full-time jobs last month.  But we are being told to believe that the economy is actually getting "better".

#3 The number of American women with a job fell by 357,000 during the month of October.

#4 The average duration of unemployment in October 2013 was nearly three times as long as it was in October 2000.

#5 The number of Americans "not in the labor force" increased by an astounding 932,000 during October.  In other words, the Obama administration would have us believe that nearly a million people "disappeared" from the U.S. labor force in a single month.

#6 The number of Americans "not in the labor force" has grown by more than 11 million since Barack Obama first entered the White House.

#7 In October, the U.S. labor force participation rate fell from 63.2 percent to 62.8 percent.  It is now the lowest that it has been since 1978.  Below is a chart which shows how the labor force participation rate has been steadily declining since the year 2000.  How can the economy be "healthy" if the percentage of Americans that are participating in the labor force is continually declining?...

(http://theeconomiccollapseblog.com/wp-content/uploads/2013/11/Labor-Force-Participation-Rate-425x255.png)

#8 If the labor force participation rate was still at the same level it was at when Barack Obama was elected in 2008, the official unemployment rate would be about 11 percent right now.

#9 Even if you are working, that does not mean that you are able to take care of yourself and your family without any help.  In fact, approximately one out of every four part-time workers in America is living below the poverty line.

#10 In January 2000, there were 75 million working age Americans that did not have a job.  Today, there are 102 million working age Americans that do not have a job.

So what are our politicians doing to fix this?

Shouldn't they be working night and day to solve this crisis?

After all, Barack Obama once made the following promise to the American people...

"But I want you all to know, I will not rest until anybody who's looking for a job can find one -- and I'm not talking about just any job, but good jobs that give every American decent wages and decent benefits and a fair shot at the American Dream."
Unfortunately, things have not improved since Obama made that promise, but he has found the time to play 150 rounds of golf since he has been president.

Meanwhile, because there aren't enough jobs, the number of Americans living in poverty continues to grow.

As I wrote about the other day, according to new numbers that were just released an all-time high 49.7 million Americans are living in poverty.

And right now 1.2 million public school students in the United States are homeless.  For many more statistics like this, please see my previous article entitled "29 Incredible Facts Which Prove That Poverty In America Is Absolutely Exploding".

The only thing that most Americans have to offer in the marketplace is their labor.  If they can't find a job, they don't have any other way to take care of themselves and their families.

The future of the middle class in America depends upon the creation of good jobs.  It really doesn't matter how far the quantitative easing that the Federal Reserve has been doing pumps up the current stock market bubble.  The American people were told that "economic stimulus" was the reason for doing all of this reckless money printing, but the percentage of working age Americans with a job is now actually lower than it was four years ago.  Quantitative easing has been a complete and total failure in the job creation department, and it is doing a tremendous amount of long-term damage to our financial system.

The really frightening thing is that the Federal Reserve and the federal government have supposedly been doing all they can to try to "create jobs" and they have utterly failed.  In fact, this is the first time in the post-World War II era that we have not seen an employment recovery following a recession.

And now the next wave of the economic collapse is rapidly approaching.  What that hits us, millions more Americans will lose their jobs.

So the truth is that this is just the beginning of the unemployment crisis in America.

Yes, things are bad now, but soon they will get much worse.

http://theeconomiccollapseblog.com/archives/10-facts-about-the-growing-unemployment-crisis-in-america-that-will-blow-your-mind


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on November 11, 2013, 08:56:03 am
Quote
#10 In January 2000, there were 75 million working age Americans that did not have a job.  Today, there are 102 million working age Americans that do not have a job.

This seems to have been the "new norm" since the turn of the 21st Century - it was in 2000 when Bill Clinton warned there would be a downturn in the economy(that same year was also the infamous "nail-biting" Prez election year that went to the USSC), after an entire decade of "prosperity". Sounded like he was trying to telegraph a punch for the 21st Century.

Quote
"But I want you all to know, I will not rest until anybody who's looking for a job can find one -- and I'm not talking about just any job, but good jobs that give every American decent wages and decent benefits and a fair shot at the American Dream."

There was never no "American Dream" - the biggest deception of all of this was that dangling carrot of debt thrown at everyone.

Also - was driving around the DFW metroplex yesterday - my dad commented to me how he's surprised they still can afford to build things(ie-making vast improvements to highways, roads, etc) despite this awful economy we're in.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on January 23, 2014, 06:38:00 am
1,500 Applicants for 50 Jobs? The Reality in America Today

In New York last week, 1,500 people lined up for 50 apprenticeship positions as painters and decorators. These are union jobs, and only 500 applications are being accepted. Some hopefuls lined up in front of the District Council 9 office for days in extremely cold weather. If they are able to get the job, they will receive $17.20 an hour during the first year. After one year, they may get hired as a full-time employee. (Source: Eyewitness News, January 10, 2014.) This equates to about $37,000 per year considering one would work 40 hours a week.

Hold on a second: I thought the jobs market was strong in the U.S. economy? How come we are seeing such massive lines for a very small number of jobs?

What I just mentioned above is not an isolated event. I have reported other events like this in these pages before—a large number of people applying for very few jobs. It’s a fact that continues to be ignored: the U.S. jobs market remains bleak and the better-paying jobs are just not there.

In the entire year of 2013, the total non-farm payroll jobs market grew by 2.03 million jobs. But the majority of these positions were created in low-paying jobs.

Retail trade jobs in the U.S. economy increased by 358,400 last year—about 18% of all jobs created in 2013. The well-paying sectors of the jobs market, such as construction and manufacturing, didn’t see as much growth: construction jobs increased by 98,000 and manufacturing jobs in the U.S. economy increased by 63,000 in 2013. Together, the higher-paying jobs made up less than eight percent of all the jobs created in 2013. (Source: Federal Reserve Bank of St. Louis web site, last accessed January 13, 2014.)

When the phenomenon of low-paying work prevails in the jobs market, consumer spending eventually becomes a victim, as personal disposable incomes decline as people pay a higher percentage of their income towards necessities like rent.

Looking at all this, I must ask the question I have been asking for the past four years: has quantitative easing really worked? In 2013, the Federal Reserve printed $85.0 billion a month in new money—a total of $1.02 trillion in money out of nowhere.

Sadly, I believe quantitative easing failed (if you don’t include the effects of making the big banks stronger and pushing the stock market to new highs). We saw a spur of retail jobs in the U.S. jobs market created in 2013, but that’s about it for the average American Joe.

In a speech at the American Economic Association’s 2014 Annual Meeting, the president and CEO of the New York Federal Reserve said, “We don’t understand fully how large-scale asset purchase programs work to ease financial market conditions.” (Source: “Remarks at the American Economic Association 2014 Annual Meeting, Philadelphia, Pennsylvania,” Federal Reserve Bank of New York, January 4, 2014.) Trillions of dollars after, this is the sad truth.

With the jobs market facing hurdles and quantitative easing not working as expected, the picture of the U.S. economy going forward doesn’t look so bright, as evidenced by the worst seven-day start to year that the stock market has encountered since 2005. (See “Stocks Off to the Worst Start for the Year Since 2005.”) 2014 could be the year the stock market bubble bursts.

http://www.profitconfidential.com/economic-analysis/1500-applicants-50-jobs-reality-america-today/


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on March 10, 2014, 06:04:32 am
20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind

If the U.S. economy is getting better, then why are major retail chains closing thousands of stores?  If we truly are in an "economic recovery", then why do sales figures continue to go down for large retailers all over the country?  Without a doubt, the rise of Internet retailing giants such as Amazon.com have had a huge impact.  Today, there are millions of Americans that actually prefer to shop online.  Personally, when I published my novel I made it solely available on Amazon.  But Internet shopping alone does not account for the great retail apocalypse that we are witnessing.  In fact, some retail experts estimate that the Internet has accounted for only about 20 percent of the decline that we are seeing.  Most of the rest of it can be accounted for by the slow, steady death of the middle class U.S. consumer.  Median household income has declined for five years in a row, but all of our bills just keep going up.  That means that the amount of disposable income that average Americans have continues to shrink, and that is really bad news for retailers.

And sadly, this is just the beginning.  Retail experts are projecting that the pace of store closings will actually accelerate over the course of the next decade.

So as you read this list below, please take note that things will soon get even worse.

The following are 20 facts about the great U.S. retail apocalypse that will blow your mind...

http://theeconomiccollapseblog.com/archives/20-facts-about-the-great-u-s-retail-apocalypse-that-will-blow-your-mind


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on March 10, 2014, 01:23:21 pm
The land be utterly desolate...


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on April 05, 2014, 06:48:32 am
Shocking Facts About The Deindustrialization Of America That Everyone Should Know

How long can America continue to burn up wealth?  How long can this nation continue to consume far more wealth than it produces?  The trade deficit is one of the biggest reasons for the steady decline of the U.S. economy, but many Americans don't even understand what it is.  Basically, we are buying far more stuff from the rest of the world than they are buying from us.  That means that far more money is constantly leaving the country than is coming into the country.  In order to keep the game going, we have to go to the people that we bought all of that stuff from and ask them to lend our money back to us.  Or lately, we just have the Federal Reserve create new money out of thin air.  This is called "quantitative easing".  Our current debt-fueled lifestyle is dependent on this cycle continuing.  In order to live like we do, we must consume far more wealth than we produce.  If someday we are forced to only live on the wealth that we create, it will require a massive adjustment in our standard of living.  We have become great at consuming wealth but not so great at creating it.  But as a result of running gigantic trade deficits year after year, we have lost tens of thousands of businesses, millions upon millions of jobs, and America is being deindustrialized at a staggering pace.

Most Americans won't even notice, but the latest monthly trade deficit increased to 42.3 billion dollars...

read more: http://theeconomiccollapseblog.com/archives/shocking-facts-about-the-deindustrialization-of-america-that-everyone-should-know


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on April 05, 2014, 11:52:27 am
Shocking Facts About The Deindustrialization Of America That Everyone Should Know

How long can America continue to burn up wealth?  How long can this nation continue to consume far more wealth than it produces?  The trade deficit is one of the biggest reasons for the steady decline of the U.S. economy, but many Americans don't even understand what it is.  Basically, we are buying far more stuff from the rest of the world than they are buying from us.  That means that far more money is constantly leaving the country than is coming into the country.  In order to keep the game going, we have to go to the people that we bought all of that stuff from and ask them to lend our money back to us.  Or lately, we just have the Federal Reserve create new money out of thin air.  This is called "quantitative easing".  Our current debt-fueled lifestyle is dependent on this cycle continuing.  In order to live like we do, we must consume far more wealth than we produce.  If someday we are forced to only live on the wealth that we create, it will require a massive adjustment in our standard of living.  We have become great at consuming wealth but not so great at creating it.  But as a result of running gigantic trade deficits year after year, we have lost tens of thousands of businesses, millions upon millions of jobs, and America is being deindustrialized at a staggering pace.

Most Americans won't even notice, but the latest monthly trade deficit increased to 42.3 billion dollars...

read more: http://theeconomiccollapseblog.com/archives/shocking-facts-about-the-deindustrialization-of-america-that-everyone-should-know

Side note - this is the big problem with birthdays, xmas, etc - yes, they are pagan...but nonetheless how often do these "gifts" you get during these times are actually KEPT, even for a short while? Yeah, for the most part, they get thrown away after a couple of years or so, or even after a couple of months. Ultimately, it's nothing but junk that gets thrown during these times.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on April 07, 2014, 08:02:49 am
This Is What Employment In America Really Looks Like…

The level of employment in the United States has been declining since the year 2000.  There have been moments when things have appeared to have been getting better for a short period of time, and then the decline has resumed.  Thanks to the offshoring of millions of jobs, the replacement of millions of workers with technology and the overall weakness of the U.S. economy, the percentage of Americans that are actually working is significantly lower than it was when this century began.  And even though things have stabilized at a reduced level over the past few years, it is only a matter of time until the next major wave of the economic collapse strikes and the employment level goes even lower.  And the truth is that more good jobs are being lost every single day in America.  For example, as you will read about below, Warren Buffett is shutting down a Fruit of the Loom factory in Kentucky and moving it to Honduras just so that he can make a little bit more money.  We see this kind of betrayal over and over again, and it is absolutely ripping the middle class of America to shreds.

Below I have posted a chart that you never hear any of our politicians talk about.  It is a chart that shows how the percentage of working age Americans with a job has steadily declined since the turn of the century.  Just before the last recession, we were sitting at about 63 percent, but now we have been below 59 percent since the end of 2009...

(http://theeconomiccollapseblog.com/wp-content/uploads/2014/04/Employment-Population-Ratio-2014-425x282.jpg)

We should be thankful that things have stabilized at this lower level for the past few years.

At least things have not been getting worse.

But anyone that believes that "things have returned to normal" is just being delusional.

And nothing is being done about the long-term trends that are absolutely crippling our economy.  One of those trends is the offshoring of middle class jobs.  As I mentioned above, Fruit of the Loom (which is essentially owned by Warren Buffett) has made the decision to close their factory in Jamestown, Kentucky and lay off all the workers at that factory by the end of 2014...

    Clothing company Fruit of the Loom announced Thursday that it will permanently close its plant in Jamestown and lay off all 600 employees by the end of the year.

    The Jamestown plant is the last Fruit of the Loom plant in a state where the company had once been a manufacturing titan second only to General Electric.

This isn't being done because Fruit of the Loom is going out of business.  They are still going to be making t-shirts and underwear.  They are just going to be making them in Honduras from now on...

    The company, owned by Warren Buffett's Berkshire Hathaway but headquartered in Bowling Green, said the move is "part of the company's ongoing efforts to align its global supply chain" and will allow the company to better use its existing investments to provide products cheaper and faster.

    The company said it is moving the plant's textile operations to Honduras to save money.

So what are those workers supposed to do?

Go on welfare?

The number of Americans that are dependent on the government is already at an all-time record high.

And doesn't Warren Buffett already have enough money?

In business school, they teach you that the sole responsibility of a corporation is to maximize wealth for the shareholders.

And so when business students get out into "the real world", that is how they behave.

But the truth is that corporations have a responsibility to treat their workers, their customers and the communities in which they operate well.  This responsibility exists whether corporate executives want to admit it or not.

And we all have a responsibility to our fellow citizens.  When we stand aside and do nothing as millions of good paying American jobs are shipped overseas so that the "one world economic agenda" can be advanced and so that men like Warren Buffett can stuff their pockets just a little bit more, we are failing our fellow countrymen.

Because so many of us have fallen for the lie that "globalism is good", we have allowed our once great manufacturing cities to crumble and die.  Just consider what is happening to Detroit.  It was once the greatest manufacturing city in the history of the planet, but now foreign newspapers publish stories about what a horror show that it has become...

    Khalil Ligon couldn’t tell if the robbers were in her house. She had just returned home to find her front window smashed and a brick lying among shattered glass on the floor. Ligon, an urban planner who lives alone on Detroit’s east side, stepped out and called the police.

    It wasn’t the first time Ligon’s home had been broken into, she told me. And when Detroit police officers finally arrived the next day, surveying an area marred by abandoned structures and overgrown vegetation, they asked Ligon a question she often ponders herself: why is she still in Detroit?

Of course this kind of thing is not just happening to Detroit.  The truth is that it is happening all over the nation.  For example, this article contains an incredible graphic which shows how the middle class of Chicago has steadily disappeared over the past several decades.

Once again, even though we have never had a "recovery", it is a good thing that things have at least stabilized at a lower level for the past few years.

But now there are all sorts of indications that we are rapidly heading toward yet another economic downturn.  The tsunami of retail store closings that is now upon us is just one sign of this.  The following is a partial list of retail store closings from a recent article by Daniel Jennings...

    Quiznos has filed for bankruptcy, USA Today reported, and could close many of its 2,100 stores.
    Sbarro which operates pizza and Italian restaurants in malls, is planning to close 155 locations in the United States and Canada. That means nearly 20 percent of Sbarro’s will close. The chain operates around 800 outlets.
    Ruby Tuesday announced plans to close 30 restaurants in January after its sales fell by 7.8 percent. The chain currently operates around 775 steakhouses across the US.
    An unknown number of Red Lobster stores will be sold. The chain is in such bad shape that the parent company, Darden Restaurants Inc., had to issue a press release stating that the chain would not close. Instead Darden is planning to spin Red Lobster off into another company and sell some of its stores.
    Ralph’s, a subsidiary of Kroger, has announced plans to close 15 supermarkets in Southern California within 60 days.
    Safeway closed 72 Dominick’s grocery stores in the Chicago area last year.

And the following are some more signs of trouble for the retail industry from one of my recent articles entitled "20 Facts About The Great U.S. Retail Apocalypse That Will Blow Your Mind"...

    #1 As you read this article, approximately a billion square feet of retail space is sitting vacant in the United States.

    #2 Last week, Radio Shack announced that it was going to close more than a thousand stores.

    #3 Last week, Staples announced that it was going to close 225 stores.

    #4 Same-store sales at Office Depot have declined for 13 quarters in a row.

    #5 J.C. Penney has been dying for years, and it recently announced plans to close 33 more stores.

    #6 J.C. Penney lost 586 million dollars during the second quarter of 2013 alone.

    #7 Sears has closed about 300 stores since 2010, and CNN is reporting that Sears is "expected to shutter another 500 Sears and Kmart locations soon".

    #8 Overall, sales numbers have declined at Sears for 27 quarters in a row.

    #9 Target has announced that it is going to eliminate 475 jobs and not fill 700 positions that are currently empty.

    #10 It is being projected that Aéropostale will close about 175 stores over the next couple of years.

    #11 Macy's has announced that it is going to be closing five stores and eliminating 2,500 jobs.

    #12 The Children’s Place has announced that it will be closing down 125 of its "weakest" stores by 2016.

But it isn't just the retail industry that is deeply troubled.

All over America we are seeing economic weakness.

In this economic environment, it doesn't matter how smart, how educated or how experienced you are.  If you are out of work, it can be extremely difficult to find a new job.  Just consider the case of Abe Gorelick...

    Abe Gorelick has decades of marketing experience, an extensive contact list, an Ivy League undergraduate degree, a master’s in business from the University of Chicago, ideas about how to reach consumers young and old, experience working with businesses from start-ups to huge financial firms and an upbeat, effervescent way about him. What he does not have — and has not had for the last year — is a full-time job.

    Five years since the recession ended, it is a story still shared by millions. Mr. Gorelick, 57, lost his position at a large marketing firm last March. As he searched, taking on freelance and consulting work, his family’s finances slowly frayed. He is now working three jobs, driving a cab and picking up shifts at Lord & Taylor and Whole Foods.

So what does Abe need in order to find a decent job?

More education?

More experience?

No, what he needs is an economy that produces good jobs.

Sadly, the cold, hard reality of the matter is that the U.S. economy will never produce enough jobs for everyone ever again.

The way that America used to work is long gone, and it has been replaced by a cold, heartless environment where the company that you work for could rip your job away from you at a moment's notice if they decide that it will put a few extra pennies into the pockets of the shareholders.

You may have worked incredibly hard for 30 years and been super loyal to your company.

It doesn't matter anymore.

All that matters is the bottom line, and in the process the middle class is being destroyed.  But by destroying the middle class, those corporations are destroying the consumer base that their corporate empires were built upon in the first place.

http://theeconomiccollapseblog.com/archives/this-is-what-employment-in-america-really-looks-like


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on April 07, 2014, 10:07:44 am
And all of this is being by design - and not necessarily b/c of a President's "policy".


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on April 19, 2014, 05:53:38 am
Two More Victims Of The Retail Apocalypse: Family Dollar And Coldwater Creek

Did you know that Family Dollar is closing 370 stores? When I learned of this, I was quite stunned. I knew that retailers that serve the middle class were really struggling right now, but I had no idea that things had gotten so bad for low end stores like Family Dollar. In the post-2008 era, dollar stores had generally been one of the few bright spots in the retail industry. As millions of Americans fell out of the middle class, they were looking to stretch their family budgets as far as possible, and dollar stores helped them do that. It would be great if we could say that the reason why Family Dollar is doing so poorly is because average Americans have more money now and have resumed shopping at retailers that target the middle class, but that is not happening. Rather, as you will see later in this article, things just continue to get even worse for Americans at the low end of the income scale.

I was also surprised to learn that Coldwater Creek is closing all of their stores...

    Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer.

    Coldwater Creek joins other retailers to seek protection from creditors in recent months as consumers keep a lid on spending.

    The company said it plans to wind down its operations over the coming months and begin going-out-of-business sales in early May, before the traditionally busy Mother's Day weekend.

    Coldwater Creek, which has 365 stores and employs about 6,000 people, has five stores in Maryland.

I remember browsing through a Coldwater Creek with my wife and mother-in-law just last year. At the time, my mother-in-law was excited about getting one of their catalogs. But now Coldwater Creek is going out of business, and all that will be left of that store is a big, ugly, empty space.

Of course the fact that a couple of major retailers are closing stores is nothing new. This kind of thing happens year after year.

But what we are witnessing right now is really quite startling. So many retailers are closing so many stores that it is being called a "retail apocalypse". In a previous article entitled "This Is What Employment In America Really Looks Like…", I detailed how major U.S. retailers have already announced the closing of thousands of stores so far this year.  If the economy really was "getting better", this should not be happening.

So why are so many stores closing?

Well, the truth is that it is because the middle class is dying. With each passing day, more Americans lose their place in the middle class and fall into poverty. The following is an excerpt from the story of one man that this has happened to. His recent piece in the Huffington Post was entitled "Next Friday, I'll Be Living In My Car"...

    For the past 13 years, I've mostly been doing facility management in several locations across the state. After the position turned into more of a sales role, they laid me off. Since then, I've been looking to find any type of work. I've applied for food stamps, and I'm waiting for that. I'm mostly eating soup from a food pantry.

    I've been on several interviews -- second, third, fourth interviews -- and just haven't been able to land a job for whatever reason. I definitely have the qualifications and the experience. Last week, I had a job offer that I thought was secure, and we were talking my work schedule. They decided to call me back and go with an assistant rather than a manager.

    For a number of applications, I've dumbed down my resume. I don't even go with a resume sometimes, just because I don't want them to know that I'm educated and have a master's degree. It shoots me in the foot. They don't want me because they don't think I'm going to stay. I don't blame them. I was making six figures at $60-70 an hour. Now, I'm looking for a $10 an hour job.

There are millions upon millions of Americans that can identify with what that man is going through.

Once upon a time, they were living comfortable middle class lifestyles, but now they will take any jobs that they can get.

Just today I came across a statistic that shows the massive shift that is happening in this country. A decade ago, the number of women working outnumbered the number of women on food stamps by more than a 2 to 1 margin. But now the number of women on food stamps actually exceeds the number of women that have jobs.

Wow.

How could things have changed so rapidly over the course of just one decade?

And sadly, things continue to go downhill. Every day in America, more good jobs are being sent out of the country or are being replaced by technology. I really like how James Altucher described this trend the other day...

    Technology, outsourcing, a growing temp staffing industry, productivity efficiencies, have all replaced the middle class.

    The working class. Most jobs that existed 20 years ago aren’t needed now. Maybe they never were needed. The entire first decade of this century was spent with CEOs in their Park Avenue clubs crying through their cigars, “how are we going to fire all this dead weight?”. 2008 finally gave them the chance. “It was the economy!” they said. The country has been out of a recession since 2009. Four years now. But the jobs have not come back. I asked many of these CEOs: did you just use that as an excuse to fire people, and they would wink and say, “let’s just leave it at that.”

    I’m on the board of directors of a temp staffing company with one billion dollars in revenues. I can see it happening across every sector of the economy. Everyone is getting fired. Everyone is toilet paper now.

    Flush.

There is so little loyalty in corporate America these days. If you work for a major corporation, you could literally lose your job at any moment. And you can be sure that there is someone above you that is trying to figure out a way to accomplish the tasks that you currently perform much more cheaply and much more efficiently.

Most big corporations don't care if you are personally successful or if you are able to take care of your family. What they want is to get as much out of you as possible for as little money as possible.

This is a big reason why 62 percent of all Americans make $20 or less an hour at this point.

The quality of our jobs is going down, but the cost of living just keeps going up. Just look at what is happening to food prices. For a detailed examination of this, please see my previous article entitled "Why Meat Prices Are Going To Continue Soaring For The Foreseeable Future".

As the middle class slowly dies, less people are able to afford to buy homes. Mortgage originations at major U.S. banks have fallen to a record low, and the percentage of Americans that live in "high-poverty neighborhoods" is rising rapidly...

    An estimated 12.4 million Americans live in economically devastated neighborhoods, according to American Community Survey data collected from 2008 to 2012. That's an 11 percent jump from the previous survey, conducted from 2007 to 2011. Even more startling, it's a 72 percent increase in the population of high-poverty neighborhoods since the 2000 Census.

If nothing is done about the long-term trends that are slowly strangling the middle class to death, all of this will just be the beginning.

We will see millions more Americans lose their jobs, millions more Americans lose their homes and millions more Americans living in poverty.

The United States is being fundamentally transformed, and very few people are doing much of anything to stand in the way of this transformation. Decades of incredibly foolish decisions are starting to catch up with us, and unless something dramatic is done right away, all of these problems will soon get much, much worse.

http://theeconomiccollapseblog.com/archives/two-more-victims-of-the-retail-apocalypse-family-dollar-and-coldwater-creek


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on April 21, 2014, 01:29:46 pm
Moving in with parents becomes more common for the middle-aged
The number of Californians 50 to 64 who live in their parents' homes has surged in recent years, reflecting the grim economic aftermath of the Great Recession.

Debbie Rohr lives with her husband and twin teenage sons in a well-tended three-bedroom home in Salinas.

The ranch-style house has a spacious kitchen that looks out on a yard filled with rosebushes. It's a modest but comfortable house, the type that Rohr, 52, pictured for herself at this stage of life.

She just never imagined that it would be her childhood home, a return to a bedroom where she once hung posters of Olivia Newton-John and curled up with her beloved Mrs. Beasley doll.

Driven by economic necessity — Rohr has been chronically unemployed and her husband lost his job last year — she moved her family back home with her 77-year-old mother.

At a time when the still sluggish economy has sent a flood of jobless young adults back home, older people are quietly moving in with their parents at twice the rate of their younger counterparts.

For seven years through 2012, the number of Californians aged 50 to 64 who live in their parents' homes swelled 67.6% to about 194,000, according to the UCLA Center for Health Policy Research and the Insight Center for Community Economic Development.

The jump is almost exclusively the result of financial hardship caused by the recession rather than for other reasons, such as the need to care for aging parents, said Steven P. Wallace, a UCLA professor of public health who crunched the data.

"The numbers are pretty amazing," Wallace said. "It's an age group that you normally think of as pretty financially stable. They're mid-career. They may be thinking ahead toward retirement. They've got a nest egg going. And then all of a sudden you see this huge push back into their parents' homes."

Many more young adults live with their parents than those in their 50s and early 60s live with theirs. Among 18- to 29-year-olds, 1.6 million Californians have taken up residence in their childhood bedrooms, according to the data.

Though that's a 33% jump from 2006, the pace is half that of the 50 to 64 age group.

The surge in middle-aged people moving in with parents reflects the grim economic reality that has taken hold in the aftermath of the Great Recession.

Long-term unemployment is especially acute for older people. The number of Americans 55 and older who have been out of work for a year or more was 617,000 at the end of December, a fivefold jump from the end of 2007 when the recession hit, according to the Bureau of Labor Statistics.

As with Rohr, those in their 50s move in only as a last resort. Many have exhausted savings. Some have jobs but can't shoulder soaring rents in areas such as Los Angeles or San Francisco.

Whatever the cause, moving in with Mom and Dad exacts a bruising emotional toll. Even asking to move the family in was difficult for Rohr.

"I said 'Mom, I'm so sorry but I don't know what to do,'" she said. "I dreaded it. If it wasn't for my boys I wouldn't have done it. I would have lived in my car."

Jenny Chung Mejia knows how tough it can be. As a public policy consultant at the Insight Center for Community Economic Development in Los Angeles, she helps people and communities regain their economic health.

"It's unexpected vulnerability at this point in your life," she said. "When you're supposed to be the provider, sort of the rock for yourself and your family and maybe your parents, the table just gets turned on you and the rug gets pulled out from under you."

That's what happened to Janine Rosales, who moved into her mother's San Francisco home two years ago after a career of mostly low-paying jobs left her unable to afford the city's towering rents.

For Rosales, 53, it represented a personal defeat, an unofficial marker of unmet goals in life.

"I sit here sometimes and I see baby pictures of myself and my teenage years and remember all the dreams I had," Rosales said. "I never thought I'd end up where I am."

REST
http://www.latimes.com/business/la-fi-adults-in-parents-home-20140421,0,2293806.story#ixzz2zXyOLiH7




Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on May 05, 2014, 06:51:00 am
The Number Of Working Age Americans Without A Job Has Risen By 27 MILLION Since 2000

Did you know that there are nearly 102 million working age Americans that do not have a job right now?  And 20 percent of all families in the United States do not have a single member that is employed.  So how in the world can the government claim that the unemployment rate has "dropped" to "6.3 percent"?  Well, it all comes down to how you define who is "unemployed".  For example, last month the government moved another 988,000 Americans into the "not in the labor force" category.  According to the government, at this moment there are 9.75 million Americans that are "unemployed" and there are 92.02 million Americans that are "not in the labor force" for a grand total of 101.77 million working age Americans that do not have a job.  Back in April 2000, only 5.48 million Americans were unemployed and only 69.27 million Americans were "not in the labor force" for a grand total of 74.75 million Americans without a job.  That means that the number of working age Americans without a job has risen by 27 million since the year 2000.  Any way that you want to slice that, it is bad news.

Well, what about as a percentage of the population?

Has the percentage of working age Americans that have a job been increasing or decreasing?

As you can see from the chart posted below, the percentage of working age Americans with a job has been in a long-term downward trend.  As the year 2000 began, we were sitting at 64.6 percent.  By the time the great financial crisis of 2008 struck, we were hovering around 63 percent.  During the last recession, we fell dramatically to under 59 percent and we have stayed there ever since...

rest: http://theeconomiccollapseblog.com/archives/the-number-of-working-age-americans-without-a-job-has-risen-by-27-million-since-2000


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on May 23, 2014, 07:37:44 am
The Robots Are Coming, And They Are Replacing Warehouse Workers And Fast Food Employees

There are already more than 101 million working age Americans that are not employed and 20 percent of the families in the entire country do not have a single member that has a job.  So what in the world are we going to do when robots start taking millions upon millions more of our jobs? Thanks to technology, the balance of power between employers and workers in this country is shifting dramatically in favor of the employers.  These days, many employers are wondering why they are dealing with so many human worker "headaches" when they can just use technology to get the same tasks done instead.  When you replace a human worker with a robot, you solve a whole bunch of problems.  Robots never take a day off, they never get tired, they never get sick, they never complain, they never show up late, they never waste time on the Internet and they always do what you tell them to do.  In addition, robotic technology has advanced to the point where it is actually cheaper to buy robots than it is to hire humans for a vast variety of different tasks.  From the standpoint of societal efficiency, this is a good thing.  But what happens when robots are able to do just about everything less expensively and more efficiently than humans can?  Where will our jobs come from?

And this is not something that is coming at some point in "the future".

This is already happening.

According to CNN, there will be 10,000 robots working to fulfill customer orders in Amazon.com warehouses by the end of 2014...

    Amazon will be using 10,000 robots in its warehouses by the end of the year.

    CEO Jeff Bezos told investors at a shareholder meeting Wednesday that he expects to significantly increase the number of robots used to fulfill customer orders.

Don't get me wrong - I absolutely love Amazon.  And if robots can get me my stuff faster and less expensively that sounds great.

But what if everyone starts using these kinds of robots?

What will that do to warehouse jobs?

PC World has just done a report on a new warehouse robot known as "UBR-1".  This robot is intended to perform tasks "normally done by human workers"...

    The UBR-1 is a 4-foot tall, one-armed robot that could make warehouses and factories more efficient by performing tasks normally done by human workers.

    Unlike the industrial robots widely used in manufacturing today—usually large machines isolated from people for safety reasons—this robot can work alongside humans or autonomously in a workspace filled with people.

This little robot costs $50,000, and it can work all day and all night.  It just needs a battery change every once in a while.  The creators of this robot envision it performing a vast array of different tasks...

    “We see the robot as doing tasks, they could be dull, they could be dirty, they could be dangerous and doing them repetitively all day in a light manufacturing environment,” said Melonee Wise, Unbounded Robotics CEO and co-founder. Those tasks include stocking shelves, picking up objects and assembling parts.

    The UBR-1 isn’t designed for small component assembly, but it can manipulate objects as small as dice or a Lego piece, Wise said. Unbounded Robotics is targeting companies that want some automation to speed up their manufacturing process, but can’t afford to fully automate their businesses.

To many people this may sound very exciting.

But what if a robot like that took your job?

Would it be exciting then?

Of course you can't outlaw robots.  And you can't force companies to hire human workers.

But we could potentially have major problems in our society as jobs at the low end of the wage scale quickly disappear.

According to CNN, restaurants all over the nation are going to automated service, and a recent University of Oxford study concluded that there is a 92 percent chance that most fast food jobs will be automated in the coming years...

    Panera Bread is the latest chain to introduce automated service, announcing last month that it plans to bring self-service ordering kiosks as well as a mobile ordering option to all its locations within the next three years. The news follows moves from Chili's and Applebee's to place tablets on their tables, allowing diners to order and pay without interacting with human wait staff at all.

    Panera, which spent $42 million developing its new system, claims it isn't planning any job cuts as a result of the technology, but some analysts see this kind of shift as unavoidable for the industry.

    In a widely cited paper released last year, University of Oxford researchers estimated that there is a 92% chance that fast-food preparation and serving will be automated in the coming decades.

It is being projected that other types of jobs will soon be automated as well...

    Delivery drivers could be replaced en masse by self-driving cars, which are likely to hit the market within a decade or two, or even drones. In food preparation, there are start-ups offering robots for bartending and gourmet hamburger preparation. A food processing company in Spain now uses robots to inspect heads of lettuce on a conveyor belt, throwing out those that don't meet company standards, the Oxford researchers report.

Could you imagine such a world?

When self-driving vehicles take over, what will happen to the 3.1 million Americans that drive trucks for a living?

Our planet is changing at a pace that is almost inconceivable.

Over the past decade, the big threat to our jobs has been workers on the other side of the globe that live in countries where it is legal to pay slave labor wages.

But now even those workers are having their jobs taken away by robots.  For example, just check out what is happening in China...

    Foxconn has been planning to buy 1 million robots to replace human workers and it looks like that change, albeit gradual, is about to start.

    The company is allegedly paying $25,000 per robot – about three times a worker’s average salary – and they will replace humans in assembly tasks. The plans have been in place for a while – I spoke to Foxconn reps about this a year ago – and it makes perfect sense. Humans are messy, they want more money, and having a half-a-million of them in one factory is a recipe for unrest. But what happens after the halls are clear of careful young men and women and instead full of whirring robots?

Perhaps you think that your job could never be affected because you do something that requires a "human touch" like caring for the elderly.

Well, according to Reuters, robots are moving into that arena as well...

    Imagine you're 85, and living alone. Your children are halfway across the country, and you're widowed. You have a live-in aide - but it's not human. Your personal robot reminds you to take your medicine, monitors your diet and exercise, plays games with you, and even helps you connect with family members on the Internet.

And robots are even threatening extremely skilled professions such as doctors.  For instance, just check out this excerpt from a Bloomberg article entitled "Doctor Robot Will See You Shortly"...

    Johnson & Johnson proposes to replace anesthesiologists during simple procedures such as colonoscopies -- not with nurse practitioners, but with machines. Sedasys, which dispenses propofol and monitors a patient automatically, was recently approved for use in healthy adult patients who have no particular risk of complications. Johnson & Johnson will lease the machines to doctor’s offices for $150 per procedure -- cleverly set well below the $600 to $2,000 that anesthesiologists usually charge.

And this is just the beginning.  In a previous article, I discussed the groundbreaking study by Dr. Carl Frey and Dr. Michael Osborne of Oxford University which came to the conclusion that 47 percent of all U.S. jobs could be automated within the next 20 years.

47 percent?

That is crazy.

What will the middle class do as their jobs are taken away?

The world that we live in is becoming a radically different place than the one that we grew up in.

The robots are coming, and they are going to take millions of our jobs.

So what do you think of this robot invasion?  Please feel free to share your thoughts by posting a comment below...

http://theeconomiccollapseblog.com/archives/the-robots-are-coming-and-they-are-replacing-warehouse-workers-and-fast-food-employees


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on March 26, 2015, 08:12:31 am
Durable Goods Orders Unexpectedly Decline, Business Spending Declines 6th Month

The durable goods report for February was released on Wednesday. It was another disaster in a long line of weak economic reports. And once again economists missed their optimistic estimates by a mile.

Apparently the weather has been bad for six straight months because this is the sixth consecutive decline in overall business spending.

The Bloomberg Consensus Estimate was for a 0.7% rise. The actual number was a 1.4% decline.

(http://media.townhall.com/_townhall/uploads/2015/3/25/20.png)

Durables orders fell 1.4 percent in February after rebounding 2.0 percent the month before. Market expectations were for a 0.7 percent gain.

Excluding transportation, the core declined 0.4 percent, following a 0.7 percent drop in January. Analysts projected a 0.3 percent gain in February.

With those estimates in hand, let's dive into the Commerce Report on durable goods.

Durable Goods Synopsis

New Orders. New orders for manufactured durable goods in February decreased $3.2 billion or 1.4 percent to $231.3 billion, the U.S. Census Bureau announced today. This decrease, down three of the last four months, followed a 2.0 percent January increase. Excluding transportation, new orders decreased 0.4 percent [the fifth straight decline]. Excluding defense, new orders decreased 1.0 percent. Transportation equipment, also down three of the last four months, led the decrease, $2.5 billion or 3.5 percent to $69.5 billion. [Orders for nondefense capital goods excluding aircraft dropped 1.4% from January. That marked the sixth straight monthly decline. This is the business spending component for machinery, computers, etc.]

Shipments. Shipments of manufactured durable goods in February, down four of the last five months, decreased $0.5 billion or 0.2 percent to $244.0 billion. This followed a 1.4 percent January decrease. Primary metals, down five consecutive months, led the decrease, $0.3 billion or 1.1 percent to $26.1 billion.

Unfilled Orders. Unfilled orders for manufactured durable goods in February, down three consecutive months, decreased $5.6 billion or 0.5 percent to $1,156.9 billion. This followed a 0.3 percent January decrease. Transportation equipment, also down three consecutive months, led the decrease, $4.6 billion or 0.6 percent to $731.6 billion.

http://finance.townhall.com/columnists/mikeshedlock/2015/03/26/durable-goods-orders-unexpectedly-decline-business-spending-declines-6th-month-n1976339?utm_source=thdaily&utm_medium=email&utm_campaign=nl&newsletterad=


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on May 02, 2015, 04:59:26 pm
Major U.S. Retailers Are Closing More Than 6,000 Stores

If the U.S. economy really is improving, then why are big U.S. retailers permanently shutting down thousands of stores?  The “retail apocalypse” that I have written about so frequently appears to be accelerating.  As you will see below, major U.S. retailers have announced that they are closing more than 6,000 locations, but economic conditions in this country are still fairly stable.  So if this is happening already, what are things going to look like once the next recession strikes?  For a long time, I have been pointing to 2015 as a major “turning point” for the U.S. economy, and I still feel that way.  And since I started The Economic Collapse Blog at the end of 2009, I have never seen as many indications that we are headed into another major economic downturn as I do right now.  If retailers are closing this many stores already, what are our malls and shopping centers going to look like a few years from now?

The list below comes from information compiled by About.com, but I have only included major retailers that have announced plans to close at least 10 stores.  Most of these closures will take place this year, but in some instances the closures are scheduled to be phased in over a number of years.  As you can see, the number of stores that are being permanently shut down is absolutely staggering…

180 Abercrombie & Fitch (by 2015)

75 Aeropostale (through January 2015)

150 American Eagle Outfitters (through 2017)

223 Barnes & Noble (through 2023)

265 Body Central / Body Shop

66 Bottom Dollar Food

25 Build-A-Bear (through 2015)

32 C. Wonder

21 Cache

120 Chico’s (through 2017)

200 Children’s Place (through 2017)

17 Christopher & Banks

70 Coach (fiscal 2015)

70 Coco’s /Carrows

300 Deb Shops

92 Delia’s

340 Dollar Tree/Family Dollar

39 Einstein Bros. Bagels

50 Express (through 2015)

31 Frederick’s of Hollywood

50 Fresh & Easy Grocey Stores

14 Friendly’s

65 Future Shop (Best Buy Canada)

54 Golf Galaxy (by 2016)

50 Guess (through 2015)

26 Gymboree

40 JCPenney

127 Jones New York Outlet

10 Just Baked

28 Kate Spade Saturday & Jack Spade

14 Macy’s

400 Office Depot/Office Max (by 2016)

63 Pep Boys (“in the coming years”)

100 Pier One (by 2017)

20 Pick ’n Save (by 2017)

1,784 Radio Shack

13 Ruby Tuesday

77 Sears

10 SpartanNash Grocery Stores

55 Staples (2015)

133 Target, Canada (bankruptcy)

31 Tiger Direct

200 Walgreens (by 2017)

10 West Marine

338 Wet Seal

80 Wolverine World Wide (2015 – Stride Rite & Keds)

So why is this happening?

Without a doubt, Internet retailing is taking a huge toll on brick and mortar stores, and this is a trend that is not going to end any time soon.

But as Thad Beversdorf has pointed out, we have also seen a stunning decline in true discretionary consumer spending over the past six months…

    What we find is that over the past 6 months we had a tremendous drop in true discretionary consumer spending. Within the overall downtrend we do see a bit of a rally in February but quite ominously that rally failed and the bottom absolutely fell out. Again the importance is it confirms the fundamental theory that consumer spending is showing the initial signs of a severe pull back. A worrying signal to be certain as we would expect this pull back to begin impacting other areas of consumer spending. The reason is that American consumers typically do not voluntarily pull back like that on spending but do so because they have run out of credit. And if credit is running thin it will surely be felt in all spending.

The truth is that middle class U.S. consumers are tapped out.  Most families are just scraping by financially from month to month.  For most Americans, there simply is not a whole lot of extra money left over to go shopping with these days.

In fact, at this point approximately one out of every four Americans spend at least half of their incomes just on rent…

    More than one in four Americans are spending at least half of their family income on rent – leaving little money left to purchase groceries, buy clothing or put gas in the car, new figures have revealed.

    A staggering 11.25 million households consume 50 percent or more of their income on housing and utilities, according to an analysis of Census data by nonprofit firm, Enterprise Community Partners.

    And 1.8 million of these households spend at least 70 percent of their paychecks on rent.

    The surging cost of rental housing has affected a rising number of families since the Great Recession hit in 2007. Officials define housing costs in excess of 30 percent of income as burdensome.

For decades, the U.S. economy was powered by a free spending middle class that had plenty of discretionary income to throw around.  But now that the middle class is being systematically destroyed, that paradigm is changing.  Americans families simply do not have the same resources that they once did, and that spells big trouble for retailers.

As you read this article, the United States still has more retail space per person than any other nation on the planet.  But as stores close by the thousands, “space available” signs are going to be popping up everywhere.  This is especially going to be true in poor and lower middle class neighborhoods.  Especially after what we just witnessed in Baltimore, many retailers are not going to hesitate to shut down underperforming locations in impoverished areas.

And remember, the next major economic crisis has not even arrived yet.  Once it does, the business environment in this country is going to change dramatically, and a few years from now America is going to look far different than it does right now.

http://theeconomiccollapseblog.com/archives/major-u-s-retailers-are-closing-more-than-6000-stores


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on May 02, 2015, 05:53:52 pm
I go to Barnes and Noble with my mom at the mall every now and then - she asked me the other day how they were doing financially. I responded that I haven't heard anything(so thought they were doing OK). Surprised they are in this list.

Anyhow - this materialism-driven society is going to come to an end soon. FYI - the greatest biblical revivals happened in the 1700's and 1800's, b/c alot of this materialism/coveteousness wasn't around then(so the population was much less distracted).

I'm not saying that it's impossible for anyone to get saved now, but just pointing out that back then, they didn't exactly have alot of these distractions.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on May 11, 2015, 06:56:33 am
The Average Age Of A Minimum Wage Worker In America Is 36

Did you know that 89 percent of all minimum wage workers in the United States are not teens?  At this point, the average age of a minimum wage worker in this country is 36, and 56 percent of them are women.  Millions upon millions of Americans are working as hard as they can (often that means two or three jobs), and yet despite all of their hard work they still find themselves mired in poverty.  One of the big reasons for this is that we have created two classes of workers in the United States.  “Full-time workers” are entitled to an array of benefits and protections by law that “part-time workers” do not get.  And thanks to perverse incentives contained in Obamacare and other ridiculous laws, we have motivated employers to move as many workers from the “full-time” category to the “part-time” category as possible.  It may be hard to believe, but right now only 44 percent of all U.S. adults are employed for 30 or more hours each week.  But to get any kind of a job at all is a real challenge in many parts of the country today.  As you read this article, there are more than 100 million working age Americans that are not employed in any capacity.  And according to John Williams of shadowstats.com, if the federal government was actually using honest numbers the unemployment rate would be sitting at 23 percent.  That is not an “employment recovery” – that is a national crisis.

The following infographic comes from the Economic Policy Institute.  I certainly do not agree with a lot of the things that the Economic Policy Institute stands for, but I think that these numbers do accurately reflect what “part-time America” looks like today…

(http://theeconomiccollapseblog.com/wp-content/uploads/2015/05/Minimum-Wage-Economic-Policy-Institute-425x414.png)

So what is the solution to this problem?

Most Democrats believe that raising the minimum wage would fix this.  But as Zero Hedge has pointed out, it isn’t quite that simple…

    Last week, we noted that Democratic lawmakers in the US are pushing for what they call “$12 by ’20” which, as the name implies, is an effort to raise the minimum wage to $12/hour over the course of the next five years. Republicans argue that if Democrats got their wish and the pay floor were increased by nearly 70%, it would do more harm than good for low-income Americans as the number of jobs that would be lost as a result of employers cutting back in the face of dramatically higher labor costs would offset the benefit that accrues to the workers who are lucky enough to keep their jobs.

Yes, raising the minimum wage would make life better for many minimum wage workers in America.  But a large number of them would also lose their jobs completely, and a lot of small businesses would deeply suffer financially.

Ideally, what we would love to see happen is for the U.S. economy to be producing so many good jobs that the only people that are looking for entry-level part-time jobs would be teens, people just starting out in the workforce, etc.  Back when I was a teen, I remember walking into a McDonald’s and getting hired on the spot because they were in dire need of workers.  Sadly, those days are long, long gone.

Over the past several decades, millions of good paying American jobs have been shipped overseas, and millions more have been lost to advancing technology.  And as I wrote about the other day, Barack Obama is deeply betraying American workers by working on a global economic treaty that would destroy millions more good paying jobs.

Thanks to the foolishness of our politicians, there is now intense competition even for minimum wage jobs at this point.

We keep hearing about an “employment recovery”, but it is a giant lie.  Posted below is a chart of the civilian employment to population ratio.  As you can see, the percentage of the working age population that is actually employed is much, much lower than it used to be…

Employment Population Ratio 2015

In recent months, we have seen the employment-population ratio move slightly higher.  But can this be called “an employment recovery”?  Of course not.  We are still way, way below the level that we were at just prior to the last recession, and now the next recession is just about upon us.

Meanwhile, the quality of our jobs continues to decline as more Americans are being pushed into “part-time work” with each passing year.

Since February of 2008, the size of the U.S. population has grown by 16.8 million people.  But during that same time frame, the number of full-time jobs in this country has actually decreased.

And at this point, the majority of American workers simply do not make enough money to support a middle class family.  The following income numbers come directly from the Social Security Administration…

-39 percent of American workers make less than $20,000 a year.

-52 percent of American workers make less than $30,000 a year.

-63 percent of American workers make less than $40,000 a year.

-72 percent of American workers make less than $50,000 a year.

Are you starting to see why I am so fired up about all of this?

We have developed a business culture in this country which does not care about workers.  In business schools all over America, future executives are taught that a corporation only has one goal – to maximize wealth for the shareholders.  Taking care of those that are part of your team is treated as an afterthought at best.

As corporations have gotten bigger, they have shown less and less concern for those that work for them.  These days, employees are generally regarded as “expensive liabilities” that are to be discarded the moment that their usefulness has come to an end.  And news of layoffs is often rewarded by Wall Street by a surge in the stock prices of the companies making those layoffs.

In the old days, more businesses in America were family-owned, and employees were often regarded as almost “part of the family”.  Unfortunately, those days have disappeared forever.

Now, employees are treated like scum by many big companies, and if they don’t like how they are being treated they are told that they can leave.  For example, just consider what was going on at a security company down in Florida…

    Jose Molero worked as a site inspector for the company, which provides security for neighborhoods and companies across the country, for more than a year.

    Molero says when he went to the Kensington Golf and Country Club guardhouse, he found wooden paddles on a desk, some with staff names on them and one reading “for staff discipline.”

    He says there was also what is called a “Wall of Shame,” where the supervisor points out and posts reports that contain grammatical errors.

When Molero complained about these things to his district manager, he was told that if anyone was offended “maybe they shouldn’t work here”…

    Molero contacted his operations manager, who told him to speak with the district manager. He says the district manager sent him an email response that said, “if that hurts their feelings then maybe they shouldn’t work here.”

Do you have a similar horror story to share?

Most of us do.

The U.S. economy is absolutely dominated by cold, heartless corporations that have no interest in listening to the little guy.  If they could find a way to do it, many of them would operate with no low-level employees at all.  And as technology continues to advance, they will replace as many of us as they can with robots, drones, machines and computers.

I’ll be honest with you – the future for workers in America looks really bleak.  The competition for any jobs that can’t be shipped overseas or replaced by technology is going to become even more heated.  This means that the middle class is going to get even smaller, the number of Americans dependent on the government is going to continue to explode, and the disparity between the wealthy and the poor is going to become even greater.

http://theeconomiccollapseblog.com/archives/the-average-age-of-a-minimum-wage-worker-in-america-is-36


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on September 05, 2015, 06:17:40 am
If You Want To Know The Truth About The Unemployment Rate Read This Article

The Obama administration is telling us that the unemployment rate in the United States has fallen to 5.1 percent, but does that number actually bear any resemblance to reality?  On Friday, news outlets all over America celebrated the fact that the U.S. economy added 173,000 jobs in August.  We were told that the unemployment rate has fallen to a seven year low and that wages are going up.  So everything must be getting better for the middle class, right?  After all, isn’t that what the official numbers are telling us?

The financial markets are buzzing over this news because the unemployment rate has fallen into a range that the Federal Reserve has typically considered to be “full employment”, so there is an expectation that the Fed may raise interest rates shortly.  The following comes from Business Insider…

    The unemployment rate fell to 5.1% in August, the lowest since April 2008. This was lower than forecast, and put the measure in the middle of the 5.2% – 5.0% range the Federal Reserve considers to be “full employment.” The economy added 173,000 jobs, below the expectation for 217,000, although August payrolls are usually revised higher. We also saw some wage growth, with average hourly earnings rising 0.3% month-on-month, and 2.5% year-over-year. The payrolls gain for July was revised up to 245,000 from 215,000.

But do we actually have anything close to “full employment” in this country?

Of course not.

The truth is that the only way they have been able to get the official “unemployment rate” to steadily go down over the past few years is to eliminate hundreds of thousands of Americans that are chronically unemployed from the official labor force numbers every month.  Jim Quinn elaborated on this very eloquently in one of his recent articles…

    Now for the plunge in the unemployment rate. That comes from the household survey. The fact is that 220,000 more Americans entered the work force in August. According to this survey, 196,000 more Americans were employed. In the real world this would result in the unemployment rate going UP. Not in the Bizarro world of the BLS. They expect the peasants to believe that 261,000 Americans, of their own free will, voluntarily left the workforce in August because they don’t need a job to pay the bills, feed themselves, and keep a roof over their heads. The idiocy of this ridiculous assumption is breathtaking to behold. Only an Ivy League educated economist, CNBC shill, or complete and utter moron could believe this drivel.

At this point, the percentage of Americans that are actually considered to be “participating in the labor force” is the lowest that it has been since 1977.

According to the Obama administration, more than 94 million working age Americans are “not in the labor force”, and so they don’t count as being unemployed…

    A record 94,031,000 Americans were not in the American labor force last month — 261,000 more than July — and the labor force participation rate stayed stuck at 62.6 percent, a 38-year low, for a third straight month in August, the Labor Department reported on Friday, as the nation heads into the Labor Day weekend.

Personally, I believe that the civilian employment-population ratio provides a much more accurate picture of the employment situation in this country.  It is a measure of the percentage of the working age population that actually has a job.

As you can see from the chart below, the percentage of working age Americans that are actually working has barely risen from the depths of the last recession…

Employment Population Ratio August 2015

Does that look like an “employment recovery” to you?

It sure doesn’t to me.

According to John Williams of shadowstats.com, if honest numbers were being used we would actually have an unemployment rate of 22.9 percent in this country.

But if the mainstream media reported that number, everyone would be talking about a “Great Depression” and we would all be complaining about what a horrible job Obama was doing.

Sadly, the cold, hard truth is that the U.S. economy has been collapsing for a very long time.  According to CBS News, the number of “ultrapoor” Americans that live on less than 2 dollars a day has doubled since 1996…

    By one dismal measure, America is joining the likes of Third World countries.

    The number of U.S. residents who are struggling to survive on just $2 a day has more than doubled since 1996, placing 1.5 million households and 3 million children in this desperate economic situation. That’s according to “$2.00 a Day: Living on Almost Nothing in America,” a book from publisher Houghton Mifflin Harcourt that will be released on Sept. 1.

    The measure of poverty isn’t arbitrary — it’s the threshold the World Bank uses to measure global poverty in the developed world. While it may be the norm to see families in developing countries such as Bangladesh and Ethiopia struggle to survive on such meager income, the growing ranks of America’s ultrapoor may be shocking, given that the U.S. is considered one of the most developed capitalist countries in the world.

How can that be possible if we are close to “full employment”?

In a recent article on the Economic Collapse Blog, I explained that 46 million Americans used food banks in one recent year, and that lines start forming at some U.S. food banks as early as 6:30 in the morning because people want to get something before the food supplies run out.

No, economic conditions are definitely not “good” in this nation.

We are being told lies by our politicians and by the mainstream media.  The numbers simply do not match what is going on in the real world.

We can even see this in some of the wealthiest areas of the entire country.  In New York City, for example, they are dealing with an explosion in the number of people that are sleeping on the streets…

    They are sleeping in front of the Empire State building, sprawled in front of the doors of Macy’s, and panhandling outside Grand Central.

    New York is in the grip of a homeless epidemic so bad that it has raised fears of the city slipping back into the disorder of the 1970s and 1980s.

    The city’s police chief this week said that as many as 4,000 people are now sleeping rough in the city, in a crisis which even the city’s ultra-liberal mayor has finally acknowledged after months of denials.

    Police officers have identified 80 separate homeless encampments in the city, 20 of which are so entrenched that they have their own furniture, while its former mayor Rudolph Giuliani has spoken scathingly of how his successor is failing to keep order.

Robert Kiyosaki, the best-selling author of “Rich Dad, Poor Dad“, recently told Newsmax that the “global economy is in a collapse right now”.  And he is right.  Things are getting worse in Asia, in Europe and in South America.

Things are also getting worse for the U.S. economy.  The “employment recovery” that we have already seen is all the employment recovery that we are going to get.

From here on out, millions upon millions of American workers are going to be losing their jobs and the suffering in this country is going to be off the charts.

So don’t fall for the lies that Obama and his minions are telling you.

All you have to do to see the truth is to open up your eyes and look at what is happening all around us.

http://endoftheamericandream.com/archives/if-you-want-to-know-the-truth-about-the-unemployment-rate-read-this-article


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on September 15, 2015, 05:55:37 am
Robots are going to steal the jobs...

Scientists have created a huge, in-depth analysis of what jobs are under threat from robots — with salesmen, chefs and even models all in the firing line. Researchers have assembled a full list of all the things that robots are good and bad at, and so what jobs they are likely to take. In all, about 35 per cent of jobs are likely to have been taken on by robots in the next 20 years, researchers have said.   

http://www.independent.co.uk/life-style/gadgets-and-tech/news/robots-are-going-to-steal-the-jobs-of-chefs-salespeople-and-models-researchers-say-as-they-unveil-full-list-of-likely-robot-professions-10499771.html


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on October 03, 2015, 06:58:48 am
Record 94,610,000 Americans Not in Labor Force

The number of Americans not in the labor force exceeded 94 million for the second time in a row last month hitting a new record high, according to new government data released Friday morning. The Bureau of Labor Statistics reports that a record 94,610,000 people (ages 16 and over) were not in the labor force in September. In other words they were neither employed nor had made specific efforts to find work in the prior four weeks.   

http://www.breitbart.com/big-government/2015/10/02/record-94610000-americans-not-labor-force/


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on April 25, 2016, 10:09:47 pm
In 1 Out Of Every 5 American Families, Nobody Has A Job

If nobody is working in one out of every five U.S. families, then how in the world can the unemployment rate be close to 5 percent as the Obama administration keeps insisting? The truth, of course, is that the U.S. economy is in far worse condition than we are being told. Last week, I discussed the fact that the Federal Reserve has found that 47 percent of all Americans would not be able to come up with $400 for an unexpected visit to the emergency room without borrowing it or selling something. But Barack Obama and his minions never bring up that number. Nor do they ever bring up the fact that 20 percent of all families in America are completely unemployed. The following comes directly from the Bureau of Labor Statistics…

    In 2015, the share of families with an employed member was 80.3 percent, up by 0.2 percentage point from 2014. The likelihood of having an employed family member rose in 2015 for Black families (from 76.4 percent to 77.7 percent) and for Hispanic families (from 85.9 percent to 86.4 percent). The likelihood for White and Asian families showed little or no change (80.1 percent and 88.6 percent, respectively).

For purposes of this study, families “are classified either as married-couple families or as families maintained by women or men without spouses present” and they include households without children as well as children under the age of 18.

Digging into the numbers, we find that there were a total of 81,410,000 families in America during the 2015 calendar year.

Of that total, 16,060,000 families did not have a single member employed.

So that means that in 19.7 percent of all families in the United States, nobody has a job.

And of course there are lots more families that are “partially employed”. In other words, maybe the wife has a job but the husband does not.

So based on these numbers, it would appear to me that the true rate of unemployment in this country is vastly higher than 5 percent, and John Williams of shadowstats.com agrees with me. According to his calculations, the broadest measure of unemployment in the U.S. would actually be sitting at 22.9 percent if honest numbers were being used.

But let’s not just focus on where we are.

Let’s take a look at where we are going.

According to Challenger, Gray & Christmas, job cut announcements by big companies in the United States were up 32 percent during the first quarter of 2016 compared to the first quarter of 2015, and it appears that the job losses are going to continue to mount as we roll into the second quarter. For instance, late last week Intel announced that it is going to be laying off 12,000 workers…

    As it navigates its path into the future, Intel, the 47-year-old corporation best known for making microprocessor chips that power personal computers, has announced significant changes to its business.

    On Tuesday, Intel’s CEO Brian Krzanich said in a letter to employees that the company over the next year will cut its 107,300-person global workforce by 12,000 people, or 11 percent.

Those are good middle class jobs, and they are exactly the kind of jobs that we cannot afford to be losing.

Meanwhile, the “retail apocalypse” appears to be accelerating once again.

Bloomberg is reporting that teen clothing chain Aeropostale is preparing to file for bankruptcy.  Aeropostale currently operates more than 800 stores across the nation, and it is unclear if any of them will be able to stay open as this process plays out. But of course it isn’t just Aeropostale that has gone bankrupt lately. Here are a few more examples of major retailers that have recently filed for bankruptcy…

    April 16, 2016: Vestis Retail Group, the operator of sporting goods retailers Eastern Mountain Sports (camping, hiking, skiing, adventure sports), Bob’s Stores (family clothing and shoes), and Sport Chalet (general sporting goods), filed for Chapter 11 bankruptcy. It will close all 56 stores and stop online sales.

    In the filing, it blamed the going-out-of-business sales at “certain Sports Authority locations,” plus the weather, which had been too warm, and trouble with switching to a new software platform. It’s owned by private equity firm Versa Capital Management LLC.

    April 7, 2016: Pacific Sunwear of California, clothing retailer with nearly 600 stores and derailed ambitions of skate-and-surf cool, filed for Chapter 11 bankruptcy. PE firm Golden Gate Capital, a lender to the company, agreed to convert over 65% of its loan into equity of the reorganized company and add another $20 million in financing. Wells Fargo agreed to provide $100 million of debtor-in-possession financing.

    March 2, 2016: Sports Authority filed for Chapter 11 bankruptcy. It said it would close 140 of its 450 stores, including all stores in Texas.

Just because the stock market has been doing well in recent weeks does not mean that the crisis has passed.

In fact, many experts believe that the crisis of 2016 is just getting started.  Albert Edwards of Societe Generale is one of them…

    But what I do know is when in the last few weeks I have heard that Janet Yellen sees no bubble in the US, when Ben Bernanke hones and restates his helicopter money speech, and when Mario Draghi says that the ECB’s policy of printing money and negative interest rates was working, I feel utterly depressed (I could also quote similar nonsense from Japan, the UK and China). I have not one scintilla of doubt that these central bankers will destroy the enfeebled world economy with their clumsy interventions and that political chaos will be the ugly result. The only people who will benefit are not investors, but anarchists who will embrace with delight the resulting chaos these policies will bring!

All over the world, the underlying economic fundamentals continue to deteriorate. Here in the U.S., retail sales have been extremely disappointing, total business sales have been steadily falling, corporate revenues and corporate profits continue to plunge, and corporate debt defaults have soared to their highest level since the last financial crisis.

All of these numbers are screaming that a major economic downturn is here, and with each passing week things look even more ominous for the second half of 2016.

http://theeconomiccollapseblog.com/archives/in-1-out-of-every-5-american-families-nobody-has-a-job


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on August 05, 2016, 07:52:15 pm
The U.S. Has Lost 195,000 Good Paying Energy Industry Jobs

Not all jobs are created equal.  There is a world of difference between a $100,000 a year energy industry job and a $10 an hour job running a cash register at Wal-Mart.  You can comfortably support a middle class family on $100,000 a year, but there is no way in the world that you can run a middle class household on a part-time job that pays just $10 an hour.  The quality of our jobs matters, and if current long-term trends continue unabated, eventually we are not going to have much of a middle class left.  At this point the middle class has already become a minority in America, and according to the Social Security Administration 51 percent of all American workers make less than $30,000 a year right now.  We have a desperate need for more higher paying jobs, and that is why what is happening in the energy industry is so deeply alarming.

Just today we got some more disturbing news.  According to Challenger, Gray & Christmas, the U.S. has lost 195,000 good paying energy jobs since the middle of 2014…

    Cheap oil has fueled a massive wave of job cuts that may not be over yet.

    Since oil prices began to fall in mid-2014, cheap crude has been blamed for 195,000 job cuts in the U.S., according to a report published on Thursday by outplacement firm Challenger, Gray & Christmas.

    It’s an enormous toll that is especially painful because these tend to be well-paying jobs. The average pay in the oil and gas industry is 84% higher than the national average, according to Goldman Sachs.

Those are good paying jobs that are not easy to replace, and unfortunately the jobs losses appear to be accelerating.  In their new report, Challenger, Gray & Christmas went on to say that 95,000 of those job cuts have come in 2016, and 17,725 of them were in July alone.

We also got some other bad news for the U.S. economy on Thursday.

Factory orders are down again, and at this point U.S. factory orders have now been down on a year over year basis for 20 months in a row.  That is the longest streak in all of U.S. history.

Needless to say, we have never seen such a thing happen outside of a recession.

In addition, it is being reported that U.S. banks have been tightening lending standards for four quarters in a row.

Once again, this is something that has never happened outside of a recession.

On top of all that, tax receipts continue to plummet.  This is a very bad sign for the economy, because falling tax receipts are usually a sign that we are headed into a recession.  The following comes from Zero Hedge…

    July “Withheld” receipts – those tax and withholding payments that come straight from wage earner pay stubs – are down 1.0% year over year.

    This data series can be choppy, and looking at the three month trailing average yields a 3.1%.  That’s a touch slower than the 2016 YTD comp of 3.3%, and tells us to not expect too much from Friday’s number.

    Also worth noting: YTD non-withheld tax receipts (such as those that come from “Gig economy” workers) are down 6.5%, and July’s comp is 15% lower than a year ago.

    Last, corporate tax receipts are down 11% YTD, and if the current pace of these payments holds it will be the first negative comp since 2011. Bottom line: if the tax man isn’t as busy, can the U.S. economy really be expanding?

Are you starting to see a pattern here?

And let’s review what else we have learned over the past couple of weeks…

-U.S. GDP growth came in at an extremely disappointing 1.2 percent for the second quarter of 2016, and the first quarter was revised down to 0.8 percent.

-The rate of homeownership in the United States has fallen to the lowest level ever.

-The Wall Street Journal says that this is the weakest “economic recovery” since 1949.

-Barack Obama is on track to be the only president in U.S. history to never have a single year of 3 percent GDP growth.

Meanwhile, things continue to get worse around the rest of the planet as well.  For example, the economic depression in Brazil continues to deepen and it is being reported that the Brazilian economy has now been shrinking for five quarters in a row…

    Brazil’s economy, the world’s ninth largest, contracted by 0.3 percent in the first quarter, marking the fifth straight quarter it shrank. Last year, Brazil’s gross domestic product fell to its lowest level since 2009.

    Inflation has also shot higher recently, rising 9 percent in 2015, from 6.3 percent in 2014, according to data from the World Bank. Energy as a percentage of exports, meanwhile, fell to 7 percent in 2015, from 9 percent in the previous year.

And of course Brazil is hosting the Olympics this summer, and that is turning out to be a major debacle.  Many of the international athletes will actually be rowing, sailing and swimming in open waters that are highly contaminated by raw sewage, and Brazilian police have been welcoming tourists to Rio with a big sign that says “Welcome To Hell“.  And let us not forget that right next door in Venezuela the economic collapse has gotten so bad that people are killing and eating zoo animals.

As the global economy continues to deteriorate, what should we do?

Legendary investor Bill Gross shared some of his thoughts on the matter in his latest Investment Outlook…

    “Negative returns and principal losses in many asset categories are increasingly possible unless nominal growth rates reach acceptable levels,” Gross said in his latest Investment Outlook note published Wednesday.

    “I don’t like bonds; I don’t like most stocks; I don’t like private equity. Real assets such as land, gold, and tangible plant and equipment at a discount are favored asset categories.”

I tend to agree with Gross.  Bonds are in a tremendous bubble right now, and the stock market bubble has grown to ridiculous proportions.  In the end, the only wealth that you are going to be able to fully rely on is wealth that you can physically have in your possession.

As you have seen in this article, signs of economic decline are all around us.

And yet, many people out there are still convinced that good times are right around the corner.

What is it going to take to convince them that they are wrong?

http://theeconomiccollapseblog.com/archives/the-u-s-has-lost-195000-good-paying-energy-industry-jobs


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on September 14, 2016, 06:45:04 pm
More Jobs Shipped Out Of The Country: Ford Moves All Small Car Production To Mexico

What is going to happen when America finally doesn’t have any manufacturing jobs left at all?  On Wednesday, we learned that Ford Motor Company is shifting all small car production to Mexico.  Of course the primary goal for this move is to save a little bit of money.  This hits me personally, because my grandfather once worked for Ford.  He was loyal to Ford all his life, and he always criticized other members of the family when they bought a vehicle that was not American-made.  When I was young I didn’t understand why making vehicles in America is so important, but I sure do now.  By shipping jobs overseas, we are destroying jobs, we are destroying small businesses and we are destroying our tax base.  If we want to be a wealthy nation, we have got to make things here, and hopefully we can get the American people to start to understand this.

In 1914, Henry Ford decided to start paying his workers $5.00 a day, which was more than double the average wage for auto workers at the time.

One of the reasons why he did this was because he felt that his workers should be able to afford to buy the vehicles that they were making.  This is what he wrote in 1926…

“The owner, the employees, and the buying public are all one and the same, and unless an industry can so manage itself as to keep wages high and prices low it destroys itself, for otherwise it limits the number of its customers. One’s own employees ought to be one’s own best customers.”

These days Ford is going in the complete opposite direction.  Pretty soon, Ford won’t be making any more small vehicles in the United States at all…

Ford is shifting all North American small-car production from the U.S. to Mexico, CEO Mark Fields told investors today in Dearborn, even though its plans to invest in Mexico have become a lightning rod for controversy in this year’s presidential election.

“Over the next two to three years, we will have migrated all of our small-car production to Mexico and out of the United States,” Fields said.

Could Ford keep jobs in America?

Of course they could.  During the second quarter of 2016, Ford reported a net income of 2,000,000,000 dollars.

But if they move production to Mexico they can boost that profit just a little bit higher.

Shame on them.

Needless to say, Donald Trump is quite upset about this move by Ford.  This was his response…

“We shouldn’t allow it to happen. They’ll make their cars, they’ll employ thousands of people, not from this country and they’ll sell their car across the border,” Trump said. “When we send our jobs out of Michigan, we’re also sending our tax base.”

And he is exactly right about all of this.  We can’t afford to lose more good paying jobs, we can’t afford for the middle class to shrink any more than it already has, and we certainly can’t afford our tax base to continue to deteriorate.

We may think that we can live on borrowed money indefinitely, but that is going to catch up with us in a major way at some point.

Sadly, Ford is not the only auto company doing this.  Just like Ross Perot once predicted, there is a giant sucking sound as good paying auto jobs leave the United States and head to Mexico…

Ford isn’t alone. Fiat Chrysler Automobiles said earlier this year it will end production of all cars in the U.S. by the end of this year as it discontinues production of the Dodge Dart in Belvidere, Ill. and the Chrysler 200 in Sterling Heights, Michigan.

In recent years, automakers that include General Motors, Honda, Hyundai, Nissan, Mazda, Toyota and Volkswagen have all announced plans to either expand existing plants or build new ones in Mexico.

The bad news for American workers won’t end once all of our manufacturing jobs are gone.

Today there are millions of Americans that make their living by driving, but the revolution in self-driving vehicles threatens to make large numbers of those jobs obsolete.

Ford, General Motors, Tesla, Google, Apple and a whole host of other big corporations have been feverishly working on this technology, and many of the tests have gone very well so far.

Once this technology starts being rolled out on a widespread basis, the job losses could be absolutely staggering.  Just consider the following numbers which come from Wolf Richter…

1.8 million heavy-truck and tractor-trailer long-haul drivers in 2014, expected to grow 4% a year (BLS), with a median pay of $40,260 in 2015. At this growth rate, there will be 1.94 million long-haul drivers by the end of this year.
1.33 million delivery truck drivers in 2014, expected to grow 4% a year (BLS), with a median pay of $27,800 in 2015. They’re picking up and/or delivering packages and small shipments within the city or region, driving a vehicle of 26,000 pounds or less, usually between a distribution center and businesses or households. At this growth rate, there will be 1.44 million drivers by the end of this year.
233,700 taxi drivers and chauffeurs in 2014, growing at 13% annually (BLS). They earned a median pay of $23,510 in 2015. One in five worked part time. This doesn’t – or doesn’t fully – reflect the “rideshare” drivers working for Uber, Lyft, and the like.
“Over 500,000” rideshare drivers are estimated to ply the trade in the US. It’s a high-growth sector: the number of Uber drivers in the US doubled in 2015 from the prior year to 327,000. Half of them worked 15 hours or less per week.
In order to have a thriving middle class, we have got to have middle class jobs.

Unfortunately, big corporations have become absolutely obsessed with finding ways to eliminate expensive American workers by sending jobs overseas or by replacing them with technology altogether.

The elite will always need people to cut their hair and wait on them at restaurants, but those aren’t the kinds of jobs that can support middle class families.

As I noted yesterday, for the first time ever the middle class in America has become a minority and poverty is on the rise all over the nation.  The long-term trends that are eviscerating the middle class are accelerating, and there doesn’t appear to be any quick fix which will turn things around dramatically any time soon.

So the middle class is going to get smaller and smaller and smaller, and that has dramatic implications for the future of this country.


http://theeconomiccollapseblog.com/archives/more-jobs-shipped-out-of-the-country-ford-moves-all-small-car-production-to-mexico


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on February 27, 2017, 07:27:11 pm
Retail Apocalypse Gains Momentum As David Stockman Warns ‘Everything Will Grind To A Halt’ After March 15th

J.C. Penney and Family Christian Stores are the latest retail giants to announce widespread store closings. As you will see below, J.C. Penney plans to close between 130 and 140 stores, and Family Christian is closing all of their 240 stores. In recent months the stock market has been absolutely soaring, and so most people have simply assumed that the “real economy” must be doing well. But that is not the case at all. In fact, the retail apocalypse that I have been documenting for quite some time appears to be gaining momentum.

J.C. Penney is not in as rough shape as Sears is just yet, but it is definitely on a similar trajectory. In the end, they are both headed for bankruptcy. That is why it wasn’t too much of a surprise when J.C. Penney announced that they are getting rid of about 6,000 workers and closing at least 130 stores…

    J.C. Penney (JCP) plans to close 130 to 140 stores and offer buyouts to 6,000 workers as the department-store industry sags in competition with online sellers and nimble niche retailers.

    The company said Friday that it would shutter 13% to 14% of its locations and introduce new goods and services aimed at the shifting preferences of its customer base.

Meanwhile, many observers were quite surprised when Family Christian Stores decided to fold up shop for good. They were known as the largest Christian retailer on the entire planet, but now after 85 years they are going out of business forever…

    Family Christian, which bills itself as the “world’s largest retailer of Christian-themed merchandise,” announced Thursday it is closing after 85 years.

    The non-profit company, employing more than 3,000 people in 240 stores in 36 states, said in a brief statement that the retailer had been facing declining sales since filing for bankruptcy protection in 2015 and had no choice but to shut down.

These two announcements are part of larger trend that we have been witnessing all over the country. As I have documented previously, Macy’s announced that it would be closing 100 stores earlier this year, and about the same time Sears said that it would be closing another 150 stores.

Back in 2010, Sears had a staggering 3,555 stores.

Before their recent announcement, Sears was down to 1,503 stores, and now this latest round of cuts will leave them with somewhere around 1,350.

Of course it won’t be too long before Sears has zero stores, and my regular readers know that I have been talking about the demise of Sears for a very long time.

The cold, hard truth of the matter is that the “real economy” is a total mess, and that is one of the primary reasons why these ridiculous stock market valuations that we are seeing right now are not sustainable.

One expert that agrees with my assessment is former Reagan Administration White House Budget Director David Stockman. In a recent interview, he explained why he believes that “everything will grind to a halt” after March 15th…

    Stockman, who wrote a book titled “Trumped” predicting a Trump victory in 2016, says, “I don’t think there is a snowball’s chance in the hot place that’s going to happen. This is delusional. This is the greatest suckers’ rally of all time. It is based on pure hopium and not any analysis at all as what it will take to push through a big tax cut. Donald Trump is in a trap. Today the debt is $20 trillion. It’s 106% of GDP. . . .Trump is inheriting a built-in deficit of $10 trillion over the next decade under current policies that are built in. Yet, he wants more defense spending, not less. He wants drastic sweeping tax cuts for corporations and individuals. He wants to spend more money on border security and law enforcement. He’s going to do more for the veterans. He wants this big trillion dollar infrastructure program. You put all that together and it’s madness. It doesn’t even begin to add up, and it won’t happen when you are struggling with the $10 trillion of debt that’s coming down the pike and the $20 trillion that’s already on the books.”

    Then, Stockman drops this bomb and says:

    “I think what people are missing is this date, March 15th 2017. That’s the day that this debt ceiling holiday that Obama and Boehner put together right before the last election in October of 2015. That holiday expires. The debt ceiling will freeze in at $20 trillion. It will then be law. It will be a hard stop. The Treasury will have roughly $200 billion in cash. We are burning cash at a $75 billion a month rate. By summer, they will be out of cash. Then we will be in the mother of all debt ceiling crises. Everything will grind to a halt. I think we will have a government shutdown. There will not be Obama Care repeal and replace. There will be no tax cut. There will be no infrastructure stimulus. There will be just one giant fiscal bloodbath over a debt ceiling that has to be increased and no one wants to vote for.”

In that same interview, Stockman also predicted that “markets will easily correct by 20% and probably a lot more“, and he noted the glaring disconnect between current stock prices and how the U.S. economy is actually performing…

    “The S&P 500 has been trading at 26 times earnings while earnings have been dropping for the past six or seven quarters. There is no booming recovery coming. There is going to be a recession and there will be no stimulus baton to bail it out. That is the new fact that neither Trump nor the Wall Street gamblers remotely understand.”

It is very difficult to argue with Stockman on this.

There are some people out there that seem to think that Donald Trump can miraculously turn the U.S. economy around just because he is Donald Trump.

It doesn’t work that way.

We are 20 trillion dollars in debt, and we are currently adding about a trillion dollars a year to that total. There is no possible way that Trump can cut taxes, increase military spending, build a border wall, spend much more on veterans and spend an extra trillion dollars on rebuilding our crumbling infrastructure.

We are flat broke as a nation and there simply is not money available to do everything that Donald Trump wants to do.

So we shall see what happens after March 15th.  Unfortunately, I happen to agree with Stockman that economic reality is about to come knocking and Trump and his supporters are about to get a very rude wake up call.

http://theeconomiccollapseblog.com/archives/retail-apocalypse-gains-momentum-as-david-stockman-warns-everything-will-grind-to-a-halt-after-march-15th


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on March 08, 2017, 05:41:20 pm
Two iconic retailers forced to file for bankruptcy, hundreds of stores to close

It has been another terrible week for retail as two more iconic companies reveal plans to file for bankruptcy, resulting in at least 300 stores potentially closing.

RadioShack announced the contemplation of filing for Chapter 11 bankruptcy, which would be the second time they have done so in two years. 200 out of 1,500 stores were already set to close this year, but additional stores could follow suit if Sprint agrees to end leases for its “stores within stores” concept at some locations. The company has already laid off dozens of employees at its Dallas Fort-Worth headquarters.

In 2015, more than 1,740 RadioShack stores were sold for $26 million to hedge fund Standard General at a bankruptcy auction. CEO Dene Rogers attempted to rebrand the stores and explore a partnership with mobile retailer Sprint. The new route, however, failed to gain much traction, especially going up against online giant Amazon which has taken much of the market share in peripherals and batteries.

The RadioShack bankruptcy comes less than a week after appliance store hhgregg announced plans to file for bankruptcy as well, a sad trend that we’ve seen so much of so early in the new year. Hhgregg also announced plans to close at least 88 stores in 15 states.

Gordmans, a 100-year-old Midwest department store chain, also appears to be ready to file for bankruptcy, with some even expecting the announcement to be made by the end of this month. While not too much information has been formally shared, what we do know is that Gordmans stock has been trading below $1 since September of last year. In November Nasdaq sent the company a “deficiency letter” letting them know that if the stock doesn’t rise above the $1-per-share requirement by May 1, it will be delisted from the exchange.

Gordmans operates about 100 stores in the upper Midwest states. The company employed 350 people at its Aksarben Village headquarters as of November but laid off an undisclosed number of those employees in January, blaming a “current sluggish retail environment.” In recent years, Gordmans has struggled and its growth slowed in 2014, causing losses to begin to mount. That same year the company replaced Jeff Gordman as CEO with Andy Hall. At first there appeared to be some turnaround as Hall added new merchandise to stores, launched a companywide cost-cutting initiative and halted what retailing analysts had deemed the chain’s excessive use of coupons and sales. The positive results were short-lived, and sales stagnated or declined through 2016. The retailer has about $85 million in debt, with much of it due in 2020.

It appears RadioShack and Gordmans are the latest victims in this tough retail climate that continually suffers from sluggish mall traffic and a move by apparel shoppers to the internet. Analysts have said the retailing industry is under pressure from several angles: the rise of online shopping; increasingly savvy consumers who are less interested in buying things and more interested in spending money on experiences; and retailers’ reliance on sales and coupons to drive foot traffic because those coupons hit profits.

http://www.thomasdishaw.com/two-iconic-retailers-forced-file-bankruptcy-hundreds-stores-close/


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on March 13, 2017, 06:12:08 pm
A Third Of All U.S. Shopping Malls Are Projected To Close As ‘Space Available’ Signs Go Up All Over America

If you didn’t know better, you might be tempted to think that “Space Available” was the hottest new retail chain in the entire country.  As you will see below, it is being projected that about a third of all shopping malls in the United States will soon close, and we just recently learned that the number of “distressed retailers” is the highest that it has been since the last recession.  Honestly, I don’t know how anyone can possibly believe that the U.S. economy is in “good shape” after looking at the retail industry.  In my recent article about the ongoing “retail apocalypse“, I discussed the fact that Sears, J.C. Penney and Macy’s have all announced that they are closing dozens of stores in 2017, and you can find a pretty comprehensive list of 19 U.S. retailers that are “on the brink of bankruptcy” right here.  Needless to say, quite a bloodbath is going on out there right now.

But I didn’t realize how truly horrific things were for the retail industry until I came across an article about mall closings on Time Magazine’s website…

About one-third of malls in the U.S. will shut their doors in the coming years, retail analyst Jan Kniffen told CNBC Thursday. His prediction comes in the wake of Macy’s reporting its worst consecutive same-store sales decline since the financial crisis.

Macy’s and its fellow retailers in American malls are challenged by an oversupply of retail space as customers migrate toward online shopping, as well as fast fashion retailers like H&M and off-price stores such as T.J. Maxx. As a result, about 400 of the country’s 1,100 enclosed malls will fail in the upcoming years. Of those that remain, he predicts that about 250 will thrive and the rest will continue to struggle.

Can you imagine what this country is going to look like if that actually happens?

Shopping malls all over the United States are literally becoming “ghost towns”, and many that have already closed have stayed empty for years and years.

The process usually starts when a shopping mall starts losing anchor stores.  That is why it is so alarming that Sears, J.C. Penney and Macy’s are planning to shut down so many locations in 2017.  According to one recent report, 310 shopping malls in America are in imminent danger of losing an anchor store…

Dozens of malls have closed in the last 10 years, and many more are at risk of shutting down as retailers like Macy’s, JCPenney, and Sears — also known as anchor stores — shutter hundreds of stores to staunch the bleeding from falling sales.

The commercial-real-estate firm CoStar estimates that nearly a quarter of malls in the US, or roughly 310 of the nation’s 1,300 shopping malls, are at high risk of losing an anchor store.

Once the anchor stores start going, traffic falls off dramatically for the other stores and they start leaving too.

Four years ago in “The Beginning Of The End” I warned that empty storefronts would soon litter the national landscape, and now that is precisely what is happening.

Now that the Christmas season is over, some retailers that have been around for decades have suddenly decided that it is time to file for bankruptcy.  Sadly, one of those retailers is HHGregg…

HHGregg Inc., the 61-year-old seller of appliances and electronics, is moving closer to Chapter 11 after announcing a store-closing plan, according to people with knowledge of the matter.

The filing may come as soon as next week, said the people, who asked not to be identified because the matter isn’t public. Bloomberg previously reported that HHGregg might file for bankruptcy in March if it couldn’t reach an out-of-court solution.

Another retailer that was once riding high but is now dealing with bankruptcy is BCBG…

BCBG, the California-based fashion retailer that had acquired fashion design firm Herve Leger in 1998, and that once had more than 570 boutiques globally, including 175 in the US, and whose cocktail dresses and handbags were shown off by celebrities, filed for bankruptcy on Wednesday.

It is buckling under $459 million of debt. It has 4,800 employees. Layoffs have already started. More layoffs and other cost cuts are planned, according to court documents, cited by Bloomberg. It started closing 120 of its stores in January. It wants to sell itself at a court-supervised auction. If that fails, it wants to negotiate a debt-for-equity swap with junior lenders owed $289 million.

If the U.S. economy was actually doing as well as the stock market says that it should be doing, all of these retail chains would not be closing stores and going bankrupt.

But of course the truth is that the stock market has become completely disconnected from economic reality.

We live at a time when middle class consumers are tapped out.  According to one recent survey, 57 percent of all Americans do not even have enough money in the bank to write a $500 check for an unexpected expense.

And people are falling out of the middle class at a staggering pace.  The number of homeless people in New York City recently set a brand new record high, and city authorities plan to construct 90 new homeless shelters within the next five years.

On the west coast we are also seeing a dramatic rise in homelessness.  The following comes from an article by Dan Lyman…

Citizen journalists have captured stunning images and video of homeless encampments that are spiraling out of control in the shadows of Disneyland and Anaheim Stadium in California.

The tent city has recently sprung up along the Santa Ana riverbed, near a busy convergence of three major California highways known as the “Orange Crush,” at the border of Anaheim and Santa Ana, the latter a “sanctuary city.”

Homeless activists estimate that as many as 1,000 people are camped in the region.

You can see some video footage of this homeless encampment on YouTube right here…

https://youtu.be/t01AemE68s4

Incredibly, the Federal Reserve is almost certainly going to raise interest rates at their next meeting even though the U.S. economy is faltering so badly.  That only makes sense if they are trying to make Donald Trump look as bad as possible.

Even though this giant bubble of false economic stability that we are currently enjoying has lasted far longer than it should have, the truth is that nothing has changed about the long-term economic outlook at all.

America is still heading for “economic Armageddon”, and the retail industry is a huge red flag that is warning us that our day of reckoning is approaching more rapidly than many had anticipated.

http://theeconomiccollapseblog.com/archives/a-third-of-all-u-s-shopping-malls-are-projected-to-close-as-space-available-signs-go-up-all-over-america


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on March 14, 2017, 02:32:42 pm
It's Spring Break here in North Texas - was driving by the mall today, and pretty much the parking lot was just normal as usual.

Not that I endorse going to shopping malls, but nonetheless it seems like people don't go to them anymore. And pretty much when people try to open up businesses there, they don't last long anymore.


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on March 20, 2017, 03:30:36 pm
https://www.youtube.com/watch?v=pssx9OW-5o0


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on March 21, 2017, 01:05:23 pm
https://www.youtube.com/watch?v=WaAOEuTPtLs&t=0s


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on April 05, 2017, 05:15:03 pm
https://www.youtube.com/watch?v=e3DB3qeGY5E


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Mark on June 04, 2017, 06:25:10 pm
Retail Wreck? Over 1,000 Stores Close in a Single Week

 It's been a tough week for the retail industry, with more than 1,000 stores closing their doors for good. Luxury retailer Michael Kors announced it would be closing over 100 locations, and electronics giant Radio Shack closed 1,000 locations across America.

The retail industry, which represents $5 trillion in economic impact, has changed significantly over the past several years. More than 100,000 retail workers have lost their jobs since October 2016.

Industry analysts have been sounding the "retail apocalypse" alarm for the past few months — but there are some who disagree.

"I don't think [retail] is dead. It needs a facelift," said Joseph Hancock, a professor of retail at Drexel University's Westphal College of Media Arts & Design. "Retailers really need to think outside the box on how they want to appeal to consumers to get them back into the malls."

Hancock also told NBC News that many of the shopping dollars that went to traditional mall retailers have been moving online, partly thanks to generous incentives. Amazon, for example, recently introduced Amazon Fashion, which offers free two-day shipping to its Prime customers.

rest: http://www.nbcnews.com/business/consumer/retail-wreck-over-1-000-stores-close-single-week-n767556


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on June 21, 2017, 04:46:48 pm
http://redstatewatcher.com/article.asp?id=82650
6/17/17
Well, well, well, look where an early $15 minimum wage experiment landed this city

Bay Area cities across California who adopted the $15 minimum wage stance are steadily experiencing restaurant die-off as 60 restaurants in the Bay Area has closed since September alone.

From Fresnobee:

In a pair of affluent coastal California counties, the canary in the mineshaft has gotten splayed, spatchcocked and plated over a bed of unintended consequences, garnished with sprigs of locally sourced economic distortion and non-GMO, “What the heck were they thinking?”

The result of one early experiment in a citywide $15 minimum wage is an ominous sign for the state’s poorer inland counties as the statewide wage floor creeps toward the mark.

Consider San Francisco, an early adopter of the $15 wage. It’s now experiencing a restaurant die-off, minting jobless hash-slingers, cashiers, busboys, scullery engineers and line cooks as they get pink-slipped in increasing numbers. And the wage there hasn’t yet hit $15.

As the East Bay Times reported in January, at least 60 restaurants around the Bay Area had closed since September alone.

A recent study by Michael Luca at Harvard Business School and Dara Lee Luca at Mathematica Policy Research found that every $1 hike in the minimum wage brings a 14 percent increase in the likelihood of a 3.5-star restaurant on Yelp! closing.

Another telltale is San Diego, where voters approved increasing the city’s minimum wage to $11.50 per hour from $10.50, this after the minimum wage was increased from $8 an hour in 2015 – meaning hourly costs have risen 43 percent in two years.

The cost increases have pushed San Diego restaurants to the brink, Stephen Zolezzi, president of the Food and Beverage Association of San Diego County, told the San Diego Business Journal. Watch for the next mass die-off there.

But what of California’s less affluent inland counties? How will they fare?

Christopher Thornberg, director of UC Riverside’s Center for Economic Forecasting and Development, told the San Bernardino Sun that politicians should have adopted a regional approach. He said it would been better to adapt minimum-wage levels to varying economies – something like the Oregon model, the nation’s first multi-tiered minimum-wage strategy.

Oregon’s minimum-wage law is phased, with increases over six years. By 2022, the minimum will be $14.75 an hour in Portland, $13.50 in midsize counties and $12.50 in rural areas.

“That makes sense,” Thornberg told the Sun. “That’s logical.”


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on June 29, 2017, 04:08:34 pm
http://www.nowtheendbegins.com/robot-company-zume-pizza-can-create-372-pizzas-per-hour-using-dough-bots-deliver-4-minutes/
Robot Pizza Company Zume Can Create 372 Pizzas Per Hour Using ‘Dough Bots’ And Deliver It In 4 Minutes
Zume co-founder Julia Collins already has Pepe and Giorgio, two robots, squirting pizza sauce onto the dough, and Marta, another robot, spreading the sauce. Bruno, a robotic arm, lifts the pizza into the oven. The dough is still made by humans. But now that Zume has the doughbot, as they’re calling it, it means that the only part of the pizza assembly process that requires a human touch is the toppings.

6/29/17

A great pizza dough flipper probably can’t turn out one perfectly shaped pizza dough every nine seconds, but California company’s robotic pizza dough press can make a great pie at that whiplash-inducing rate.

“But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.” Daniel 12:4 (KJV)

EDITOR’S NOTE: We live in an age that is advancing so fast technologically that we have kinda stopped paying attention to all the changes. After hundred of billions of dollars spent by Amazon, Google and others to advance robot technology, like it or not, we are about to share this planet and our daily lives with bots of all kinds. Siri from Apple got the ball rolling with getting humans to address a machine as a person, Amazon’s Alexa and Microsoft’s Cortana have followed suit. Tesla has been quietly waging revolution with the self-driving car, followed by every other auto manufacturer on Earth. In short, robots have arrived to help us, and soon they will be in charge.

Silicon Valley start-up Zume Pizza has nearly fully automated the process of making fresh, made-to-order pizza — and it’s streamlined the delivery process, too. If you live in Mountain View, Calif., and you order a pizza, it could be at your door as quickly as four minutes later.

While other pizzas — especially the bake-at-home kind you buy at the grocery store — are also made by machine, Zume is noteworthy because it makes fresh, customizable delivery pizza with high-quality ingredients, which it considers to be artisanal even though it is not made by hand. Zume co-founder Julia Collins already has Pepe and Giorgio, two robots, squirting pizza sauce onto the dough, and Marta, another robot, spreading the sauce. Bruno, a robotic arm, lifts the pizza into the oven. The dough is still made by humans. But now that Zume has the doughbot, as they’re calling it, it means that the only part of the pizza assembly process that requires a human touch is the toppings.

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Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on July 18, 2017, 12:35:31 pm
http://redstatewatcher.com/article.asp?id=87317
$15/hour is Not Enough! Look What Else They Are Demanding!

Minimum wage earners are now wanting set-schedules, despite the needs of the business.

From Reuters:

NEW YORK (Reuters) - The text message came as Flavia Cabral walked to a McDonald's restaurant in Manhattan for her 6 p.m. shift on a May evening. It was from her manager. Business was slow and she was not needed.


Cabral said she was not too surprised. Her work hours fluctuate almost weekly, though losing an entire shift at the last minute happens only once every few months. This time the canceled shift took a $63 bite out of her average $350 gross weekly earnings from two part-time jobs.

"Every week you're guessing how much money you're going to get and how many days you're going to work," said Cabral, 53, who has been employed at McDonald's for four years.But a measure of relief is coming for Cabral and 65,000 other New York City fast-food workers whose schedules and incomes often change with little or no notice.

New York recently became the largest U.S. city to require fast-food restaurants to schedule workers at least two weeks in advance, or pay them extra for changes.

The law, which the restaurant industry vigorously opposed, also requires employers to allow 11-hour breaks between shifts, offer part-time staff additional work before hiring new employees, and pay retail workers to be "on call." It takes effect late this year.

McDonald's Corp did not respond to a request for comment.

Nationwide, the issue of scheduling is becoming a new battleground in the fight to boost living standards for low-paid workers, waged largely by the "Fight for $15" movement. The five-year-old, union-backed initiative has already helped convince many jurisdictions, including New York state, to raise minimum wages.

In Oregon, a bill that would set regular scheduling for workers at large food service, hospitality and retail companies is awaiting the governor's signature. Similar bills are pending in five other states.

Not only do fluctuating schedules wreak havoc with tight household budgets, they make it difficult to make appointments, arrange child care and plan family time, workers point out.

The restaurant industry vigorously opposed the New York City law. Combined with higher minimum wages, scheduling requirements will eventually cripple some fast-food outlets, which mostly operate on thin profit margins of 1.5 to 3 percent, it says.

7/17/17


Title: Re: There Will Never Be Enough Jobs In America Again
Post by: Psalm 51:17 on August 07, 2017, 02:04:45 pm
https://www.youtube.com/watch?v=h9C1bPV9L-o