"Layoffs too often became permanent, not part of the business cycle. And these changes didn't just affect blue collar workers. If you were a bank teller or a phone operator or a travel agent, you saw many in your profession replaced by ATMs and the internet," President Obama said at a campaign event in Kansas. http://www.realclearpolitics.com/video/2011/12/06/obama_now_blames_the_internet_for_job_losses.html Obama will lose his job because of internet when he Blames The Internet For Job Losses. Think about it. Internet subscription is one the biggest industry in the world. People who earn money from the internet they spend this money for the economy and create jobs. This creates million of jobs Under sea cables are laid for 50,000 miles and more to connect the world with internet. This creates million of jobs. I do not understand how internet cause job losses.
Imo, his comment is a head fake, a set up. Let me translate. the internet caused job losses and we need TAX internet business's so they pay their fair share...
Obama: "American way of life has "never worked." PALM BEACH, Fla. â Radio giant Rush Limbaugh says Barack Obama has "outed" himself as a "dumb," anti-American socialist and perhaps Marxist after the president delivered a speech suggesting the American way of life has "never worked." "After the three years, the cat's out of the bag," Limbaugh said this afternoon."After three years, everybody now knows why I wanted you to fail. Everybody that heard that speech now knows that you said America as founded has never worked. You have outed yourself, Barack, if I may call you that. You've come out. Maybe you'll be on the cover of the next Advocate (a homosexual magazine) because you just outed yourself, sir. You have nothing but contempt for this country." http://www.wnd.com/?pageId=375145#ixzz1ftuWBlIt
What he said made perfect sense and is completely true. A person like you doesn't understand this simple causality, I'm not surprised.
I'm no fan of Obama but he's right here though he failed to mention any of this 4 years ago when he was telling us how great life was going to be when he started making decisions. How many people do Netflix employ? How many employees lost jobs at Video chains that got wiped out? BlockBuster = 60k employees Netflix = 2k employees. MovieGallery/Hollywood Videos had 4500 stores that disappeared as well (probably another 30k employees.)
Delivery is up. UPS, the world's largest shipping carrier, expects to deliver more than 120 million parcels around the world during the peak week leading up Christmas, up 6 percent from the 113 million shipped during the same period a year ago. FedEx attributed its recent record day to steady growth in online commerce, spokeswoman Carla Boyd said. Since 2005, the company's busiest-day volumes are up almost 75 percent.
That's the natural cycle of business. Ho hum. How many Hardwares stores were displaced by HD or Lowes? Or small business's displaced by Wall Mart.
Lol...are you serious? These jobs are gone forever. It's not the natural cycle of business. It's called automation. Technology is replacing actual human work. There's no cycle to this; it's a great improvement in productivity and efficiency but at the cost of human labor. Last time you cross a bridge or pay tolls, see how many gates are manned by EZ-Pass and how many actually has a human cashier on hand. Sorry to break it to you, but a lot of these jobs are gone forever, blockbuster being just one of them. HD/Lowes stores do not suffer from this. People want to go there and get their stuff right away. Other products are harder to ship. You're not going to ship 2-3 sheets of drywall to your house...and small businesses have suffered from Wal-Mart. Just google the topic.
I don't have any real facts here but I suspect that Home Depot store that employs 80-100 people took out 3-5 hardware stores that employed 20-30. There's some job loss and salaries probably drop, but you still have about the same number of hardware store jobs in the local area. The internet wipes out the local low skill jobs completely and replaces them with much fewer higher skill jobs elsewhere. Retail was a good place to people with only a high school education to end up and a bunch of those people now have no where to go.
I personally despise President Obama, but that doesn't make everything he says wrong. I see nothing incorrect about the quoted statement. The internet does wipe out jobs, just like a harvesting combine wipes out jobs. It's an efficient tool, and low-to-no-skill work is an inefficient tool. This should prompt people to educate themselves and become a more efficient tool. But then, if everybody was an efficient tool then we'd all be just a bunch of dumb tools. We would be all fighting over the same (decreased number of) jobs. and we are. We are now competing with robots and databases for employment, a battle we will lose sadly. We made the bed and now we have to sleep in it. Or maybe we could just design a robot to sleep in it for us.