AP:25 million ++ are unemployed

Discussion in 'Economics' started by Grandluxe, Sep 5, 2011.

  1. WASHINGTON (AP) -- The job market is even worse than the 9.1 percent unemployment rate suggests.

    America's 14 million unemployed aren't competing just with each other. They must also contend with 8.8 million other people not counted as unemployed -- part-timers who want full-time work.

    When consumer demand picks up, companies will likely boost the hours of their part-timers before they add jobs, economists say. It means they have room to expand without hiring.

    And the unemployed will face another source of competition once the economy improves: Roughly 2.6 million people who aren't counted as unemployed because they've stopped looking for work. Once they start looking again, they'll be classified as unemployed. And the unemployment rate could rise.

    Among the Americans frustrated with part-time work is Ryan McGrath, 26. In October, he returned from managing a hotel project in Uruguay. He's been unable to find full-time work. So he's been freelancing as a website designer for small businesses in the Chicago area.

    Some weeks he's busy and making money. Other times he struggles. He's living at home, and sometimes he has to borrow $50 from his father to pay bills. He's applied for "a million jobs."

    http://finance.yahoo.com/news/Unemp...tml?x=0&sec=topStories&pos=main&asset=&ccode=


    Better to stay in Uruguay, Ryan!
     
  2. Grandluxe,

    Give us a solution.
     
  3. the1

    the1

    Time.

     
  4. The main problem in America and Britain too is house prices. Solve them and life is livable. If life is less expensive people can work for less. Lower pay makes it easier to dsitribute wealth. It goes further.
     
  5. Bob111

    Bob111

    low\flat\zero taxes on corporations and businesses. simple,stable, business friendly environment. only that will bring businesses and jobs back to US.

    http://www.wisebread.com/bar-stool-economics-0

    that's exactly what they did starting from the end of 90's
     
  6. Lower tax is not the solution; Coperate America pay less tax than they pay their CEO's. Can you believe that?

    I bet stone age had full employment, even the pre-industrial age. You do not want that.

    It takes less people to do physical work because of advanced production technology.
     
  7. So in lieu of GE's 6% payout we can pay them 6% to outsource! You're either being sarcastic or you're full-retard.
     
  8. First solution: Drop the envy of CEO's, Do not use CEO pay as a base to determine what is fair. CEO pay is a very , very small expense of a corporations revenue.

    When you tax corporations it becomes part of their overhead / cost of doing business. What happens next is they factor all their costs and tack on their margin or profit. The compounds the final cost to the consumer.
    A corporate tax is a consumer tax. It all gets passed on.
     
  9. Are you contradicting yourself? CEO pay is small expense of a corporations revenue; then tax is even smaller then. If CEO pay does not matter, why should smaller TAX matter to corporations bottom-line?

    I don't think I want to be a CEO, too much stress. I have stopped attempting to climb corporate ladder long time ago.
     
  10. BSAM

    BSAM

    Does anyone think we are in a depression? Google this before you answer: depression economic wiki

    Scaaarwy!
     
    #10     Sep 5, 2011