a shrinking labor pool is not always good for the economy and country especially when they have a huge aging population to replace and care for.
You can still have massive labor shortages in specific industries while the rest of the labor situation looks great.
You can only squeeze so much additional production from the current labor force since production is not something that has been stagnant for the last 20 years like wages.
What's happening now, especially at the low-end wage level, is a long overdue correction of wage problems. It's very healthy and much needed to fix the abuse of employers on the most vulnerable employees. The middle class and rich only have themselves to blame for the decades of taking advantage of this bucket of labor and the effects of the "rebalancing" of their wages/benefits. They better hold on because it's only going to get worse from here on out as more of the labor force retires as predicted 20-30 years ago.
Buh Byeeeeeeeeeeee !!
"For the economy" means "for rich businessmen and shareholders". It's just pretty obviously ugly once you get past the euphemism.
Same for "for the country", in this case.
The aging population needs support, but that's a governmental issue. Which the USA can trivially afford. It's also a demonstration of how completely borked "the economy" already was, as these aging retirees couldn't build up enough of a pension/savings to support themselves in their old age. This is why "for the economy" is a bullshit euphemism; the reality is that the economy was ravaged decades ago, leading to generations that can't afford to retire in peace despite a long life of labor. All that's changing now is that the wealthy are feeling the pinch too, after causing those economic failures for the past 50 years or so.
Replacing those workers isn't an issue unless unemployment craters, and it hasn't. If you're struggling to staff your business, pay more. Pay for training. Provide healthcare. You can't afford to? Then your business model is garbage and that's why your business won't stay afloat.
Sure sounds like those industries need to pay more and possibly pay for training and relocation, too, then.You can still have massive labor shortages in specific industries while the rest of the labor situation looks great.
If your industry is having trouble filling its ranks and others aren't, that's a "you" problem, not a labor force problem.
Why would we even entertain the idea of "squeezing additional production"? You're describing abusive exploitation. Things that could easily be criminal.You can only squeeze so much additional production from the current labor force since production is not something that has been stagnant for the last 20 years like wages.
That's what I've been getting at, though. Comments like "the economy is struggling" only look at things like stock values or GDP, which only matter to the wealthy. It focused on the benefit to the wealthy over whether that same economy is contributing to better living standards and comforts for workers. Even bringing that up will get you labelled as a "commie socialist" in a lot of circles. There's such a massive load of what's called "capitalist realism*" that's at play that people often don't realize exactly how much of a propaganda machine it is, disconnected from reality and meant to keep the populace from realizing the real state of things.What's happening now, especially at the low-end wage level, is a long overdue correction of wage problems. It's very healthy and much needed to fix the abuse of employers on the most vulnerable employees. The middle class and rich only have themselves to blame for the decades of taking advantage of this bucket of labor and the effects of the "rebalancing" of their wages/benefits. They better hold on because it's only going to get worse from here on out as more of the labor force retires as predicted 20-30 years ago.
*"Capitalist Realism" should be contrasted against "Socialist Realism", which was a description of early Soviet propaganda tools and imagery. It doesn't use "realism" in a sense of "represents reality", but in the sense of "purports to present a false image to create a new false pseudo-reality". "Capitalist realism" is a much more recent term but describes that the exact same process has been at work in the Western world, just swapping capitalist rhetoric for Soviet.
Unfortunatly in the US the govt would just turn it all over to the private sector, as they already have. Universal healthcare failures prove they are willing to let them all suffer.
Replacing those workers is a huge issue when you have retirement outpacing new employment by a factor greater than 2 to 1. Your unemployment can go down to 1% you still will not have anywhere near a large enough labor pool to replace those "boomers" unless you open up immigration.
I agree with everything you say about pay/benefits, but you could pay a million dollars an hour but it would still be usless if you don't have a labor pool to get those people in the door. Even the greatest business model in the history of mankind cannot keep up with massive labor shortages.
Maybe you don't know about the "baby boom" generation and its impact on this country? Its just rediclously huge and predicted 30+ years ago to be the very problem we are rolling down a hill right into its wall. To say its not a labor force problem makes it sound like you don't.
I also agree that the 'economy' left behind a lot of people who could not earn enough to be safe in retirment. But there is also a huge bucket of people who just never bothered to save for retirement hoping social security and medicare would foot the bill. They lacked the education or just refused to accept they shouldn't be spending everythign without a long term retirement plan.
Realistically if you are not going to open up immigration, which you know this country wants to do the opposite, there is only two solutions. Increase production or outsource to countries that can or don't have the labor issues we have. Though a lot of other countries have varrying degrees of the same baby boomer problem. BTW no one said increase productions by any illegal ways or slave type sweatshop labor. They would have to compensate for this increased production.
Healthy unemployment also needs to go with healthy labor force participation. Without the right balance in the labor force the non working part of the population will easily overwhem the ability of the employed population to keep the country running at a healthy pace.
Buh Byeeeeeeeeeeee !!
I always find it amusing when they try deny it, like they think they are clever or something when it's really quite the opposite and just proving exactly why Trump loves the uneducated, because it's so damn obvious these people are Trumpsters who continue to fall for the grift.
Last edited by beanman12345; 2022-01-26 at 07:32 AM.
So classic lazy ends justify the means. What if one of the goals of the people is to minimize/avoid/prosecute corruption? Because for most of us it is. Which would de facto make a policy achieved by corruption not a win.
Either way I don't think insert deity here could ever make you understand that you are hypocritically whining about corruption and how it is bad while arguing that corruption is perfectly okay as long as you are corrupt for the right goal.
“Logic: The art of thinking and reasoning in strict accordance with the limitations and incapacities of the human misunderstanding.”
"Conservative, n: A statesman who is enamored of existing evils, as distinguished from the Liberal who wishes to replace them with others."
Ambrose Bierce
The Bird of Hermes Is My Name, Eating My Wings To Make Me Tame.
A Joe will be picking the next justice, but his name is Manchin not Biden.
Am I joking? Only a little to dull the pain and frustration.
Resident Cosplay Progressive
I really could not give a shit if anyone thinks I'm a hypocrite. Can anyone here solve corruption? No? Thought so.
It's beyond naive to think that 'corruption' can be solved in one or even two generations. It is nigh impossible, as long as there is financial gain associated with political positions. So at that point, do you sit and try and 'cure' corruption or do you look after the people? It's a simple game.
https://www.nbcnews.com/politics/sup...tment-n1288042
After resisting calls for a while, and this doesn't appear to be a response to those calls which he actively rejected, Breyer is announcing he's retiring from the SCOTUS.
This means Biden gets a pick, and we'll absolutely see a fight in the Senat. Democrats have the majority, technically, but we can absolutely bet that Republicans will try to drag this out as long as possible.
Geee a SCOTUS nomination just came up. Maybe this is why Biden didnt completely arrest Manchin or Sinema families.
43 judges approved so far. Including 11 on the Court of Appeals. Will be interesting how the heightened stakes play out.
Can already see Chuck Todd spending the next 10 Sundays nodding along as; Sens Ernst, Kennedey, and etc accuse Breyer and Biden of making SCOTUS ParTISAN!
They only have to delay until after the midterms - or at least close enough to the midterms to convince 1 democrat (manchen or sinema) to wait as well.
It's basically February. I don't know quite how this timing works -- can they start now or do they have to wait until he actually leaves? Cause if it's the latter he's leaving after his current term which means June or July at the earliest. And I have full faith in the evil that is McConnell that he can pull enough administrative maneuvers to delay.
Can someone tell me how Biden is, according to the right, responsible for warmongering in the Ukraine, when it's Russian troops in Russian uniforms being mobilized by a Russian dictator doing the warmongering?
And even if it does come down to hot war (which I do not advocate for or want) how is it still not wholly Putin's fault?
Putin khuliyo
He neither proactively nuked Russia into glass, nor did he schlob on Putin's erect penis like a good little sub, unlike Trump.
And righties like to think those are the only two options, and somehow both are equally "strong" and "manly", despite the first being a weak-ass fear response and the latter, well, I'm already sorry enough for putting that image in people's heads.