Sleepy Joe created a disaster . Millions of job openings nobody will work

Discussion in 'Economics' started by SammyJ, Mar 20, 2021.

  1. destriero

    destriero

    I know everything about watches. I owned an Il Destriero Scafusia... hence the nick. I'll let you get back to shorting 7800 NDX.

    Show and tell--let's see your Timex.
     
    #91     Mar 22, 2021
  2. piezoe

    piezoe

    I've lost track of when Trump's "personally signed" checks* hit mail boxes, but isn't "March" right now? And correct me if I'm wrong, but didn't Biden win the last election?

    One thing I'm pretty sure of is that when Trump sent me that check there were way too few jobs in the service sector because everything was still shut down except for Trump super spreader events. I don't think those Trump checks are evidence of anything other than the obvious, i.e., you'll stay home if there is no job to go to and be damn glad if somebody, even if it is a JACKASS, sends you money. I won't get a check this time around but that's fine by me, because a lot of folks really do need one to make it until their jobs, or their businesses, can open back up.

    __________________
    *I got a very personal, letter from the JACKASS. I guess I was the only one that got one. He signed it with that same broad tipped, felt marker he used to move a hurricane to Alabama. I saved the letter in my big circular file.
     
    #92     Mar 22, 2021
  3. JSOP

    JSOP

    You will see. It will become reality.
     
    #93     Mar 22, 2021
  4. newwurldmn

    newwurldmn

    Why are you bring up the election? I'm very confused with this response.

    The last stimulus bill plus the enhanced unemployment made it difficult for those firms still hiring people (despite unemployment being like 20MM people).
     
    #94     Mar 22, 2021
  5. SunTrader

    SunTrader

    Guess it depends on what nonsense you read.

    I read as much as 80% of people laid off haven't collected a dime of UE benefits (not stim) for various reasons among them; they didn't know they can, don't know how to apply or how to deal with the antiquated puter systems many states, including my own Floriduh, have besides the fact for some the benefits have run out.
     
    #95     Mar 22, 2021
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  6. Why would anyone in their right mind put their lives at risk for the Red State $7.70 a hour during the time we knew little about Covid? Essential Workers got screwed unless they were union workers.
     
    #96     Mar 22, 2021
    VPhantom and Cuddles like this.
  7. Overnight

    Overnight

    Was always wondering where your nick came from...Now I know, and never heard of that watch maker. That is a sexy watch, the Scafusia.
     
    #97     Mar 22, 2021
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  8. destriero

    destriero


    I had to sit on it for over a year. I finally sold it to a Saudi that contacted me through a watch forum.
     
    #98     Mar 22, 2021
  9. piezoe

    piezoe

    Not sure, but you may have inadvertently made one of my earlier points that as long as these payments are there, employers will have to compete. I concluded that's not necessarily a bad thing!

    You won't be surprised to learn that for many, many years some economists have been proposing that government automatically act as employer of last resort (sort of a permanent WPA). The result, they say, would be: 1] elimination of the minimum wage , as the government's minimum, living wage would effectively become the wage that private sector employers would have to compete against; 2] elimination of unemployment and unemployment insurance, since by definition no one is unemployed other than those voluntarily removing themselves from the labor force. There would be permanent full employment. 3] elimination of most welfare programs, as the governments minimum wage would automatically be a living wage. 4] Elimination of corporate subsidies in the form of welfare paid to workers making less than a living wage.

    They tout several other benefits as well. But as with all great plans, the devil, i'm sure, would be in the details.

    (I mentioned the election because I thought you might enjoy a little sarcasm, since any Trump Payments would have had to have been before Jan 20, 2021. You obviously meant last March, 2020, when the first round of Trump payments was approved. But the argument that people are too lazy to work if they get a government payment makes little sense if applied to April a year ago, because there literally was no jobs for a large portion of the service sector at that time.
    And my point is that it is too soon now to make that same argument when many service sector jobs have yet to open up. The argument: "millions of jobs and no one will work, is still a little hollow. Lets wait a few months and see what happens.)
     
    Last edited: Mar 22, 2021
    #99     Mar 22, 2021
    VPhantom likes this.
  10. newwurldmn

    newwurldmn

    In my state non of those were an issue. In fact we had the opportunity to lay everyone off for one day a week and they all got the 600 benefit.
     
    #100     Mar 22, 2021